The leading cryptocurrency, Bitcoin ($BTC), has been on an upward trend in recent weeks. This upward momentum has pushed the $BTC price up to $82,000, and the market argues that this movement is a sign of a new bull run. However, CryptoQuant analyst Julio Moreno notes that the recent upward movement in $BTC indicates a
Bhutan is continuing to reduce its Bitcoin reserves. According to on-chain data tracked by Arkham Intelligence. The wallets linked to the Royal Government of Bhutan (Druk Holdings) recently transferred another 100 $BTC worth roughly $8.1 million. Bhutan is selling Bitcoin. Bhutan just moved 100 $BTC ($8.1M) out of its holding wallets. At their current rate
Bitcoin retail demand has shifted back into positive territory for the first time since early April, according to on-chain data tracked by analyst Axel Adler Jr, though absolute transfer volumes remain below levels seen earlier in the year. The Bitcoin Retail Demand 30-Day Change metric, which tracks transaction activity in the zero to ten thousand
Bitcoin is once again seeing sustained profit-taking on-chain, according to CryptoQuant data. The adjusted SOPR, or aSOPR, has stayed above the key 1.0 level for nine straight days, showing that spent $BTC is moving at an average profit. The signal comes as Bitcoin trades near $80,700 after its recent recovery from April lows. CryptoQuant analyst
BitMEX co-founder Arthur Hayes, known for making bold predictions about Bitcoin ($BTC) and altcoins, says the rise in $BTC began in February and will gain further momentum once it surpasses $90,000. In a recent blog post, Arthur Hayes argues that the Bitcoin bull market has already begun since the end of February. Hayes notes that
Alternative investment vehicles such as exchange-traded funds (ETFs), led by BlackRock’s IBIT, hold sway over bitcoin’s price. That is well known by now. But another ETF from the betting world has been moving in lockstep with bitcoin’s cycles since 2020, with an interesting pattern that, to the naked eye, appears to show leading signals for
Bitcoin’s transparency was once considered one of its greatest strengths. Now, Ray Dalio says, it may be the very reason central banks won’t adopt it as a reserve asset, even though corporations and institutional investors have embraced it. The billionaire hedge fund manager, who is also a bitcoin investor, said on X that, “Bitcoin lacks
ARK Invest CEO Cathie Wood made striking analyses about the future of digital asset markets in her recent appearance on a television program. Recalling how they were mocked for taking a Bitcoin position in 2015, Wood stated that today, institutions are no longer just spectators, but the game’s players. Wood stated that the sharp change
Silver outperformed Bitcoin on Monday as spot silver climbed above $85 per ounce for the first time since March 13. Data showed XAG/USD trading near $84.77 at press time, after a sharp move from the low-$80 area. Bitcoin moved differently, holding near $81,000 after cutting part of its weekend rebound. The asset had climbed above
A Bitcoin whale dormant since 2013 moved $40 million in $BTC on May 10, with analysts ruling out an exchange dump. A long-dormant Bitcoin whale wallet moved about $40 million in $BTC on Sunday after more than 12 years of silence. Whale Alert detected the transfer at 19:16 UTC, with funds moving to a new