[ad_1] Data shows the Bitcoin Coinbase Premium Index has plunged into the negative territory alongside the latest asset price downturn. Bitcoin Coinbase Premium Index Is Currently In The Red Zone As explained by an analyst in a CryptoQuant Quicktake post, the Coinbase Premium Index has seen a decline recently. The “Coinbase Premium Index” refers to an indicator that keeps track of the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). The value of this metric tells us how the buying or selling behaviors differ between the userbases of the two cryptocurrency…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. The Bitcoin price has dropped below the $100,000 psychological level and is now holding between the $96,000 and $98,000 range. Crypto analyst Ali Martinez provided insights into why Bitcoin could be holding well within this range. Why The Bitcoin Price Is Holding Steady Between $96,000 And $98,000 In an X post, Ali Martinez noted that one of the most important support levels for the Bitcoin price is between $98,830 and $95,830, where 1.09 wallets bought over 1.16 million BTC. This explains why Bitcoin is holding steady between $96,000 and $98,000 as investors…
[ad_1] If the above statement offends you, you might not have read the Bitcoin source code. Follow Rizzo on X.https://x.com/pete_rizzo_/ Of course, I’m sure you’ve heard that there are 21 million bitcoin – and this is true, the Bitcoin protocol allows for only “21 million bitcoin” to be created, yet these larger denominations can be subdivided into 100 million sub-units each. Call them whatever you want, there are only 2.1 quadrillion monetary units in the protocol.This dollars and cents differential has long been the subject of debate – in the time of Satoshi, Bitcoin’s creator, the dual conventions, Bitcoin having…
[ad_1] Key Takeaways:El Salvador just bought 11 Bitcoin, worth over $1 million, right after securing a $1.4 billion loan from the IMF.The country remains committed to its Bitcoin strategy, planning to buy more and hold its current reserves.El Salvador’s Bitcoin stash now stands at 5,980.77 BTC, worth around $580 million.El Salvador Makes a Bold MoveEl Salvador has done it again. On December 19, 2024, the country purchased 11 Bitcoin worth over $1 million. What’s surprising is the timing. Just one day earlier, El Salvador finalized a $1.4 billion loan deal with the International Monetary Fund (IMF).Here’s the twist. That IMF…
[ad_1] Ripple’s XRP dropped nearly 10% as the crypto market faced downward pressure. This downtrend, which has wiped 7% off the global market cap, followed a federal reserve rate cut and a significant outflow from Bitcoin-focused ETFs. The Federal Reserve’s announcement of a 0.25% rate cut, coupled with Jerome Powell’s cautious outlook for 2024, triggered a wave of selling in crypto markets.Federal Reserve Sparks Market SelloffWhile the rate reduction was widely anticipated, Powell’s suggestion of a pause in monetary easing caught investors off guard. Inflation concerns and uncertainty around fiscal policies added further pressure.Adding to the turmoil, Bitcoin spot ETFs…
[ad_1] With Bitcoin now making six-figure territory feel normal and higher prices a seeming inevitability, the analysis of key on-chain data provides valuable insights into the underlying health of the market. By understanding these metrics, investors can better anticipate price movements and prepare for potential market peaks or even any upcoming retracements.Terminal PriceThe Terminal Price metric, which incorporates the Coin Days Destroyed (CDD) while factoring in Bitcoin’s supply, has historically been a reliable indicator for predicting Bitcoin cycle peaks. Coin Days Destroyed measures the velocity of coins being transferred, considering both the holding duration and the quantity of Bitcoin moved.…
[ad_1] Este artículo también está disponible en español. Bitcoin’s price retracement from its new all-time high of $108,353 on Tuesday to around $96,000 (a -11.5% pullback) has ignited intense speculation about whether the current bull cycle is nearing its peak. To address growing uncertainty, Rafael Schultze-Kraft, co-founder of on-chain analytics provider Glassnode, released a thread on X detailing 18 on-chain metrics and models. “Where is the Bitcoin TOP?” Schultze-Kraft asked, before laying out his detailed analysis. Has Bitcoin Reached Its Cycle Top? 1/ MVRV Ratio: A longstanding measure of unrealized profitability, the MVRV ratio compares market value to realized value.…
[ad_1] If there’s a gold standard for the next big thing in crypto, it’s 100x growth. That’s the mark every crypto investor wants to hit. Sink $100 into the next 100x crypto, and you’ve made $10K. Invest a thousand, and you’ve made $1M. Of course, finding those projects is harder than it seems. For every project that succeeds, dozens fail, and even more barely get off the ground. Savvy crypto investors know that the key to 100x success is to research, research, research – and make sure you’ve got a good idea of which upcoming projects have real potential to…
[ad_1] Sui Network, the layer-1 blockchain, has gained interest in the cryptocurrency space due to its excellent performance and speed. Since its launch in May 2023, Sui quickly positioned itself as a huge player in the blockchain platform sphere, especially in real-time applications such as gaming and DeFi. SUI: Surge In Popularity The expanding user base and market performance of SUI reflect a rise in interest. Lately, the price of the altcoin attained an unprecedented peak of nearly $5. Analysts predict that the coin may see further appreciation, potentially attaining $5.10, or even $6, by year-end. Sui’s unique design lets…
[ad_1] Parcl ($PARCL) has taken a knock, with a price decline of -13.10% in the past seven days. As a real estate trading DEX, PARCL provides traders with the option of major city indices, among them New York, Los Angeles, and Dubai. Parcl is built on a smart contract platform on Solana. Parcl was recently included on crypto exchange Coinbase, prompting a price spike, albeit a short-lived one. Parcl’s native token reached $0.586 on December, 17 but has since dropped to around $0.35. The $PARCL price has seen a steady decline, despite a mid-week spike. Source: CoinGecko It’s not unusual…