Recent on-chain data has revealed a significant movement of Bitcoin out of crypto exchanges, with a whopping 40,000 BTC exiting these platforms in the last 48 hours. This movement coincides with a period of lackluster price activity for Bitcoin, prompting speculation that major market players see the current price levels as an attractive buying opportunity.
Crypto
Recent on-chain data has shown that a significant amount of Bitcoin has been deposited to Binance by a whale or institution, totaling 2,364 Bitcoin worth nearly $140 million. This move has sparked speculation within the cryptocurrency market as depositing to exchanges typically indicates an intention to sell. On the other hand, withdrawals usually suggest an
John Bollinger, the creator of the well-known Bollinger Bands, has gained recognition for his Bitcoin price prediction made over two months ago. Back in June, Bollinger analyzed the chart of Bitcoin using his technical indicator and mentioned that the price of BTC would likely see an uptrend. However, fast forward two months, and Bitcoin’s price
Bitcoin’s price has experienced a slight fall on Thursday, reflecting the overall caution in the market due to an upcoming U.S. inflation reading that could impact the outlook for interest rate cuts. This decline comes on the heels of a broader risk-off movement in financial markets, which has particularly affected the prices of cryptocurrencies. Throughout
The recent movements in the Bitcoin market have left traders on edge, as the price of the world’s largest cryptocurrency experienced sharp declines over the past two days. The movement of nearly $2 billion tokens between wallets of a major crypto exchange sent shockwaves through the market, raising concerns about another potential major sell-off event.
One of the main challenges faced by Polkadot in the past has been its struggle to build an active user base for decentralized applications (dApps). This has put it behind other platforms such as Ethereum, Solana, and Avalanche. The complex ecosystem of Polkadot has made it difficult for developers to get started. Understanding its Layer
Bitcoin’s price took a hit on Tuesday, dropping 1.4% to $3,106.6 as geopolitical tensions escalated around the globe. The decline in Bitcoin’s price mirrored losses in stock markets, highlighting the interconnectedness of various asset classes. The imposition of trade tariffs by Canada on China, along with similar actions by Europe and the U.S., raised fears
In a groundbreaking move set to take place on August 30, 2024, Slash Vision Labs is gearing up to list their token (SVL) on Gate.io at 12:00 PM (UTC). This strategic listing will not only mark a significant milestone for Slash Vision Labs but also pave the way for the expansion of their ecosystem in
The recent arrest of Pavel Durov, the creator of the instant messaging service Telegram, has sent shockwaves through the cryptocurrency market. Durov, a 39-year-old entrepreneur, was arrested at Le Bourget airport on charges ranging from terrorism to money laundering. If convicted, he faces up to 20 years in prison. This news has not only impacted
Recently, on-chain data has revealed a fascinating development in the world of cryptocurrency. A dormant Bitcoin wallet dating back to the early days of Bitcoin has suddenly sprung to life. This wallet, which is believed to have been created during the time when Satoshi Nakamoto, the enigmatic founder of Bitcoin, was still actively involved in