[ad_1] Bitcoin’s recent significant upward move to a new all-time high has triggered massive gains in the market as investors, both retail and institutional are currently seeing notable profits from their investments, further solidifying BTC’s position as the leading digital asset in the entire crypto industry. Bullish Run Pushes Bitcoin Holders Into Profitable Territory Amidst rising interest toward Bitcoin, data from advanced investment data platform, Alphractal shows that about 99.9% of all BTC addresses are currently in profit, marking a major milestone for holders of the crypto asset. This accomplishment reflects its recent uptrend, with all wallets holding BTC now…
Author: dfrancis36
[ad_1] Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and…
[ad_1] Macro guru and Real Vision CEO Raoul Pal is saying that Solana (SOL) is likely to outperform Ethereum (ETH) this cycle but that one altcoin could potentially do even better. According to Pal, one top-20 altcoin by market cap and a relatively new entrant in the layer-1 sector is likely to outperform not just Solana and Ethereum but also Bitcoin (BTC). “My view is that ETH begins to outpace BTC for the rest of the cycle but underperforms SOL and SOL underperforms SUI as SUI is in the ultimate performance stage of adoption – early > proven.” Sui (SUI)…
[ad_1] On-chain data shows the Bitcoin investors are now carrying 121% profits on average. Here’s whether this has been enough for a top in the past. Bitcoin Profitability Index Is Currently Sitting Around 221% In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the Bitcoin Average Profitability Index. The “Average Profitability Index” is an indicator for BTC that compares the asset’s spot value with its realized price. The “realized price” here refers to a measure of the cost basis or acquisition value of the average investor in the Bitcoin market. This…
[ad_1] The cryptocurrency industry has emerged as a notable political force, with over $135 million spent in the 2024 election cycle to support more than 50 candidates across the political spectrum. As of Friday morning, all 48 candidates backed by major crypto political action committees (PACs) have been declared winners, according to Bloomberg, marking a significant victory for the industry and a potential shift in the regulation of digital assets for years to come. ‘Anti-Crypto Is A Career Ender’ The crypto industry’s spending was not limited to partisan lines; candidates from both the Democratic and Republican parties received support. The…
[ad_1] Este artículo también está disponible en español. Bitcoin has managed to maintain its footing above the $75,000 price mark following a new all-time high (ATH) of $76,872 recorded yesterday. At present, the cryptocurrency is trading at $76,587, reflecting a modest 0.9% dip from its peak while still marking a 1.7% daily increase. This stability signals resilience and has fuelled speculation regarding Bitcoin’s next price move. Related Reading Bitcoin Miners Hold Back On Selling, Why? As Bitcoin currently trades above $76,000, a CryptoQuant analyst identified as theKriptolik has pointed out a notable trend among Bitcoin miners. According to theKriptolik, miners…
[ad_1] The cryptocurrency landscape stands at a historic crossroads as the battle between Ripple Labs and the Securities and Exchange Commission (SEC) enters its most critical phase. Since December 2020, this legal confrontation has shaped the future of digital asset regulation, with implications reaching far beyond the immediate case. The potential impact of Donald Trump’s election adds another layer of complexity to an already intricate situation.Under SEC Chair Gary Gensler’s leadership, the commission has maintained an aggressive enforcement approach toward digital assets. The SEC’s strategy of classifying various cryptocurrencies as securities has led to numerous enforcement actions against industry players.…
[ad_1] Following the election of Donald Trump as the 47th President of the United States, the establishment of a “Strategic Bitcoin Reserve” has emerged as a pivotal topic. The proposal, prominently advocated during Trump’s campaign, aims to position the United States at the forefront of global BTC adoption and financial innovation. During the Bitcoin 2024 conference in Nashville held in July, President-elect Trump pledged to retain all BTC currently held or acquired by the US government. He articulated his vision in an interview with FOX Business, stating, “Who knows maybe we’ll pay off our $35 trillion, hand him a little…
[ad_1] A widely followed analyst and trader is leaning bullish on a large-cap altcoin amid a broader crypto market rally. The analyst pseudonymously known as Pentoshi tells his 809,700 followers on the social media platform X that Solana (SOL) is in the “all-time high waiting room.” On the weekly time frame, Pentoshi shares a chart suggesting that Solana has formed a double-bottom pattern, a technical analysis structure that’s typically considered bullish as buyers step in to keep an asset from printing new lows. Source: Pentoshi/X According to the widely followed analyst, Solana is on the cusp of taking out its…
[ad_1] On-chain data shows Bitcoin could currently be following a similar pattern as in a previous cycle in terms of this indicator. Bitcoin Could Now Be Entering Phase 2 Of The Bull Run In a CryptoQuant Quicktake post, an analyst has pointed out how the recent trend in the Bitcoin long-term holder supply has been reminiscent to what was observed in the 2017 cycle. The long-term holders (LTHs) make up for one of the two main divisions of the BTC userbase done on the basis of holding time, with the other side being known as the short-term holders (STHs). The…