October is historically a positive month for Bitcoin. Bitcoin typically experiences an upward trend in October. Various factors combined to push Bitcoin to new heights this month. Historically, since 2013,…
Category: Market Analysis & Insights
Descending Broadening Wedge Says Bitcoin Is Going To $90,000
Recent analyses have uncovered a bullish pattern on the Bitcoin chart, suggesting the cryptocurrency could soar as high as $90,000. Crypto analyst Jelle highlights this potential price rally and shares…
Solana Active Addresses Hit 75 Million As SOL Breaches $140
Solana (SOL) has reached an impressive milestone, boasting over 75 million monthly active addresses. This surge in activity signals a growing interest in the Solana network, particularly within the realms…
The Growing Importance of Bitcoin Vaults and the Future of Bitcoin Custody
Bitcoin, the world’s original cryptocurrency, has undergone an impressive transformation. Once an experimental digital currency used in niche online communities, it has grown into a trillion-dollar asset, reaching values upwards…
Calm Markets: Stocks, Crypto, and Gold Show Minimal Movement After CPI Report
The latest Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics reveals that inflation eased to 2.5% in August, the slowest rate since 2021. Core CPI, which…
NFT Sales Decline 7.69% in Early September as the Digital Collectibles Market Adjusts
The first week of September hasn’t brought much improvement to the world of non-fungible tokens (NFTs). Sales dropped by 7.69% over the seven days, with the total number of NFT…
Bitcoin Short-Term Holders Face Increased Unrealized Losses
A recent Glassnode report, led by researchers Ukuriaoc and Cryptovizart, sheds light on the mounting stress among short-term Bitcoin (BTC) holders. As market pressure intensifies, these investors are facing increased…
Blockchain Funding in Africa Drops to 1.3% in 2023, Transaction Share Increases — Report
In 2021, Africa’s share of global blockchain transactions marginally increased to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America ranks below Africa in blockchain…
Average Bitcoin On-Chain Fees Drop Below $2, Lowest in Over 250 Days
Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current on-chain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per…
Weekly Crypto Market Summary: Top Gainers and Losers Revealed
This week saw notable movements in the cryptocurrency market, with some assets experiencing significant gains while others faced sharp declines. The total cryptocurrency market capitalization currently stands at $1.96 trillion,…
Unraveling the Impact of Bitcoin Halving Events on the Market
Bitcoin halving events are significant milestones in the cryptocurrency world, known for their potential to influence market dynamics and investor sentiment. But what exactly are Bitcoin halvings, and how do…
The Future of Cryptocurrency: Emerging Trends and Predictions
Cryptocurrency has come a long way since the inception of Bitcoin over a decade ago. As the digital asset landscape continues to evolve, it’s essential to stay ahead of emerging…
Top 10 Cryptocurrencies to Watch in 2024: Expert Insights and Analysis
As the cryptocurrency market continues to evolve and mature, investors and enthusiasts alike are eager to identify the next potential breakout stars. Let’s explore the top 10 cryptocurrencies poised for…