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Analysis
Data on Taproot Ordinals points to higher Bitcoin fees, chain bloat
A Taproot Wizard jpeg was mined into the Bitcoin blockchain on Feb. 1, sparking debate on the appropriate use of network resources, particularly inefficiencies due to increased block size.
This was possible thanks to the Ordinals protocol,…
Bitcoin trader fears a bear market comeback: Watch the US dollar
Bitcoin (BTC) stayed motionless at the Feb. 6 Wall Street open as analysis showed an “interesting dynamic” in play on BTC price charts.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin: Golden cross meets death crossData…
Over $76M invested in crypto funds in past 7 days
A total of $76 million was invested in digital asset products during the week of Jan. 30 to Feb., according to a CoinShares report.
Around 90% of the inflows were directed toward Bitcoin (BTC) related products, which equate to about $69…
Is BTC price about to retest $20K? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the second week of February in a newly bearish mood as multimonth highs fail to hold.In what may yet bring vindication to those predicting a major BTC price come down, BTC/USD is back under $23,000 and making lower lows…
Over 600,000 small addresses FOMO’ed into Bitcoin at $20k
Around 620,000 new Bitcoin (BTC) addresses holding 0.1 BTC or less joined the network when the flagship asset regained the $20,000 mark on Jan. 13, according to Santiment data.
Source: SantimentThe blockchain analytical firm noted that…
BTC long-term HODLers hit all-time high as Bitcoiners refuse to sell
Data from Glassnode analyzed by CryptoSlate indicates that long-term Bitcoin holders have hit an all-time high, with a focus on Bitcoin that was previously active 2+ and 5+ years ago.
The cohort of investors from Feb. 2021 is at an average…
Bitcoin, Ethereum and select altcoins set to resume rally despite February slump
After the impressive rally in January, Bitcoin (BTC) seems to be taking a breather in February. This is a positive sign because vertical rallies are rarely sustainable. A minor dip could shake out the nervous longs and provide an…
Metaverse tokens show big gains in January with sector expected to reach $5 trillion value by 2030
After spending a considerable portion of 2022 in the doldrums, a number of tokens in the metaverse sector have seen considerable gains over the last several weeks, with 18 of the top 20 tokens in the sector seeing gains of up +319%, over…
Bitcoin price may retest $20K on US CPI amid absence of soft landing — trader
Bitcoin (BTC) could face a retest of $20,000 and the United States will fail in its plans for a “soft landing” on inflation, a new analysis says.In a YouTube update on Feb. 5, Cointelegraph contributor Michaël van de Poppe, founder and CEO…
Bitcoin clings to $23.5K as trader says BTC ‘identical’ to 2020 breakout
Bitcoin (BTC) circled $23,500 on Feb. 4 as bulls refused to give up support in out-of-hours trading.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price conjures 2020 memoriesData from Cointelegraph Markets Pro and…