Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators

Bitcoin, the pioneering cryptocurrency, is currently exhibiting mixed market signals, according to the latest data from Glassnode. The analytics firm points out that Bitcoin addresses in loss have reached a one-month high, even as the count of addresses holding smaller balances of the coin marks a record high.  The contrasting trends paint an intriguing picture of the current state of the Bitcoin market, further spurring dialogues on the future trajectory of this digital asset. BTC Addresses In Loss Reaches New Heights Glassnode’s report reveals earlier today that the number of…

Bitcoin (BTC) at $29K Continues to Trade Near One-Month Low

Following its decline below $29,000 for the first time in a month on Monday, bitcoin (BTC) was trading at $29,100 early Tuesday. The bearish price action comes ahead of the Federal Reserve’s expected 25 basis point interest rate hike on Wednesday afternoon. With investors fully anticipating the move, Mike Schwitalla, head of trading at Crypto Finance AG, will be looking to see if market participants receive the actual decision as hawkish. Should slight selloffs ensue in risk markets, he’s looking at support zones for bitcoin around $28,000, $26,000, and $25,000.…

Bitcoin futures OI falls to one-month low amid sustained decline

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) might be witnessing a drop in investor interest. Its open interest (OI) in perpetual futures across significant exchanges registers considerable declines since May 1. Consequently, OI recently plummeted to a one-month low. Per data from Glassnode, bitcoin’s OI on leading exchange Bitfinex has dropped to a 1-month low of $133.6 million. A chart shared by the blockchain data intelligence provider indicates that this decline began in May, following a noticeable peak observed in April. …

Bitcoin Reaches One-Month High As Mini Bull Run Continues

The crypto market has evolved from the unending devastating bear market to a more green and overwhelming market. Cryptocurrencies are moving from the initial stagnant, and lower lows state to a rallying to the top.  Among the number of cryptocurrencies moving upward and making significant higher highs is Bitcoin, the largest crypto by market cap. So far, Bitcoin has broken multiple resistance and continued in a bullish trend carrying the whole crypto market with it.  Bitcoin Taps Above $17,000 For The First Time In One Month Since the FTX crash…

Bitcoin Hits One-Month High Ahead of US Inflation Data

Bitcoin probably benefitted from haven flows stemming from the unease about the health of the dominant cryptocurrency exchange Binance. The cryptocurrency’s dominance rate, or the share in the crypto market, rose to 41.4%, the highest since Oct. 29. Historically, traders have piled into bitcoin, lifting its dominance rate during times of stress in the broader market. Original

Eurus-Based MappedSwap to Award 800,000 MST in a One-Month Campaign

MappedSwap, a high-performance decentralized swapping protocol supporting up to 10X leverage for on-chain margin trading, will award 800,000 MST to its global community in a month-long campaign from April 13, 2022. According to the DEX, the campaign’s objective is to popularize some of the protocol’s exciting features, including a staking feature suitable for preserving value during a steep bear market and a non-hierarchical referral program designed to draw maximum benefit for participating users. 600,000 MST For a Social Media Campaign As part of the campaign, MappedSwap will be offering 600,000…

Ethereum 2.0 node count drops to a one-month low as ETH price climbs to new heights

The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9. The number of Externally Owned Ethereum Addresses (EOA) fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed Ethereum 2.0. Ethereum addresses with 32+ ETH deposit. Source: Glassnode In detail, staking in Ethereum 2.0 requires users to deposit 32 ETH into a designated smart contract address to become a full node validator.…

Ripple’s XRP Hits One-Month High on Exchange Re-Listing Prospect

Ripple’s native blockchain asset XRP surged to its one-month high on Monday as traders grappled with the prospects of its re-listing on cryptocurrency exchanges. The seventh-largest cryptocurrency experienced a dramatic decline in recent months after the US Securities and Exchange filed a lawsuit against its parent company, Ripple Labs, for its alleged role in selling illegal securities. The legal action raised fears that XRP, which acts as a settlement token atop the Ripple blockchain, could actually be security, prompting many US exchanges, including OKCoin and Coinbase, to delist the token…