Tag: Data

Blockchain’s Crystal Ball: How Cryptoquant’s Data Is Decoding Bitcoin Miners’ True Financial Pulse

boss

Cryptoquant analysts posit that live blockchain data grants investors unmatched clarity into bitcoin mining firms’ activities, diminishing dependence on stale quarterly disclosures. From Quarters to Seconds: The Real-Time Analytics Rewriting Crypto Equity Research A recent cryptoquant.com analysis reveals exceptional precision in monitoring output and reserves, presenting an agile instrument for evaluating fiscal stability during market […] Original

New Data Suggests Toncoin (TON) Might Be Undervalued—Here’s What It Means

boss

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Bitcoin poised for major move as CPI data looms

boss

Bitcoin stands poised to breakout from the current consolidation range on looming CPI data. The crypto market is closely watching today’s release of the January consumer price index by the U.S. Labor Department, with the data expected to trigger Bitcoin (BTC) breakout from its $90 – $110K consolidation range.  The CPI report is slated for release at 13:30 UTC and is anticipated to show a modest month-on-month increase of 0.3%, a slight decrease from Dec. 0.4%.  This reading will likely be the key factor in influencing the Federal Reserve’s next…

BTC Moves Below $95K Following Inflation Data

U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower. The closely-watched Consumer Price Index (CPI) rose 0.5% in January versus an expected 0.3% and December’s 0.4% pace. On a year-over-year basis, CPI was higher by 3.0% against forecasts for 2.9% and 2.9% in December. The so-called core CPI, which excludes food and energy costs, rose 0.4% in January versus an expected 0.3% and 0.2% the previous month. Year-over-year, core CPI was higher by 3.3% versus 3.1% expected and 3.2% in December. Already trading in downward…

Inflation Data May Shake Out Bitcoin’s Doldrums as Demand for BTC Picks Up

By Francisco Rodrigues (All times ET unless indicated otherwise) The U.S. inflation report due later today might shift bitcoin (BTC) out of the doldrums that have mired it this week. In recent years, the January figure has tended to show significant price hikes. Last year, for example, the month’s data put an end to a series of lower readings, repeating a pattern also seen in 2023. That’s because businesses often evaluate their costs and raise prices at the start of the year, as the Wall Street Journal points out. A…

Can Bitcoin Hold $97K? – 1-3 Month Holders’ Data Reveals Crucial BTC Demand

boss

Este artículo también está disponible en español. Bitcoin has experienced a quiet weekend, with the price remaining stagnant around the $96,500 level for five consecutive days. This prolonged period of consolidation highlights the current indecisive nature of the market. Bulls have been unable to reclaim control and push Bitcoin above the critical $100K mark, while bears are also struggling to drive the price lower toward key demand levels. Related Reading The lack of direction has left investors and analysts watching closely for signals of the next major move. The broader…

Bitcoin Turns Bearish Before U.S. Economic Data Release: What’s next?

boss

Bitcoin’s first bearish signal since October is here. With key U.S. data ahead, traders are on edge — will BTC hold support or break lower? Bitcoin faces uncertainty Bitcoin (BTC) is treading on shaky ground as it struggles to reclaim six figures, with investors bracing for key economic data that could dictate the market’s next move. On Jan. 20, Bitcoin soared to a record $109,114, coinciding with Donald Trump’s inauguration as the 47th U.S. president. Since then, it has dropped about 11%, trading at $97,300 as of Feb. 10. Trump’s…

Dogecoin Starts Out February with 23% Crash, What Does Historical Data Point To?

boss

Este artículo también está disponible en español. The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE investors. This bearish sentiment is further strengthened by historical data, which suggests that these investors shouldn’t be too optimistic about the foremost meme coin recording significant gains this month.  Dogecoin Starts February With 23% As Historical Data Paints Bearish Picture CryptoRank data shows that the Dogecoin price has suffered a 23% crash since the start of February. This follows the monthly green close, which the foremost…

Bitcoin (BTC) in a Mire, Gold Eyes 6th Straight Weekly Gain as Jobs Data Looms

Bitcoin (BTC) continues to dawdle, failing to capture trader enthusiasm amid chatter about prices being overvalued, while gold remains strong ahead of the release of the U.S. jobs report, which will influence the Fed’s rate plans. Recent analysis from CryptoQuant indicates that bitcoin’s fair value lies between $48,000 and $95,000, highlighting that it appears overvalued at its current market price, which hovers just above $98,000. The analytics firm’s Bitcoin’s Network Activity Index has plummeted 15% from its peak in November to 3,760 points, the lowest level in over a year.…