A decline in the share of Bitcoin’s realized cap held by coins unmoved for 18 months or longer points to the ‘early stages’ of a bull market, analysis says.
This story was originally published by Cointelegraph.
Strive bought 6,182 bitcoin between October 17 and October 23 at an all-in average price of about $82,732 per coin, according to an October 26 Form 8-K filing with the U.S. Securities and Exchange…
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Bitwise projects Bitcoin (BTC) will hit $1.6 million by 2036, about 19 times its $83,557 starting price. Most of that value depends on Bitcoin winning a quarter of the store-of-value market it shares…
Bitcoin fell below $80,000 as Samsung-driven tech weakness and a hawkish Fed hold triggered a broad risk-off move. Crypto futures saw $356 million in liquidations.
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.
For the second straight week, Bitcoin’s price closed below $83,000, a key support level to confirm a bullish trend. This confirms a fake-out, according to popular analyst Benjamin Cowen. The analyst…
