Bitcoin has climbed to $86,098.82, up 6.5% over 24 hours and 9.7% over the past week, hitting its highest level in eight months. Over the past three months alone, Bitcoin is up 49%, adding $568 billion to its market cap in that stretch. Falling Oil Prices Are Fueling A Broader Risk-On Move Oil has dropped
Bitcoin holders showed signs of capitulation before the latest rally, with smaller wallets disappearing during the July-August shakeout. The data shows 62,335 wallets holding 0.1-1 $BTC and another 7,159 wallets holding 1-10 $BTC disappeared before $BTC reclaimed $80K. Bitcoin Holders Lost Conviction Before Breakout That selling matters because capitulation can leave supply in stronger hands.
With Bitcoin’s price rising to near $86,000 today, expectations of a new upward trend in the market have strengthened, prompting a noteworthy assessment from analyst James Lavish. Lavish stated that, in his opinion, it makes sense to compare Bitcoin’s current market cycle to the one between 2019-2021. According to the analyst, the last bear market
Smaller Bitcoin Wallet Groups Contract Before Breakout Smaller bitcoin holders appear to have reduced their exposure before the cryptocurrency recovered above $85,000. Onchain analytics platform Santiment reported on X on Sept. 21 that 62,335 wallets holding between 0.1 and 1 $BTC disappeared during the July-August shakeout, along with 7,159 wallets containing between 1 and 10
Bitcoin is often described through its strongest narratives: digital scarcity, decentralization, protection from inflation, and an alternative to the traditional financial system. These are all valid interpretive keys, but none of them alone is enough to explain price behavior. To understand Bitcoin’s performance, especially in the short and medium term, we also need to look
Bitcoin ($BTC) spiked above $86,000 after Monday’s Wall Street open as US stocks rose amid cooling oil prices. Key points: Bitcoin gained nearly 6% on Monday to briefly trade above $86,000 for the first time since late January. Crypto short liquidations totaled almost $800 million in 24 hours as analysis called the start of a
Bitcoin is following a similar trajectory seen in 2022-2023, according to the latest observation by Doctor Profit. The analyst said that the latest move above the 50-week moving average, in particular, set the stage for the breakout toward the $82,500-$83,000 area, which took place over the past several hours. 2022-2023 Structure Is Repeating The MA50
Bitcoin ($BTC), the world’s largest cryptocurrency, managed to surpass $86,000 after starting the week with a strong gain. According to CoinGlass data, Bitcoin is currently trading at $85,683. It has seen a 6% increase in the last 24 hours, and $BTC tested levels above $86,000 during the day. With this latest move, Bitcoin surpassed its
Leading cryptocurrency Bitcoin started the week with a strong move, with its price surpassing $85,000 for the first time in months. While the question now is whether the uptrend will continue, important assessments have come from Glassnode analysts and CryptoQuant CEO Ki Young Ju. Closing Short Positions Accelerated the Rise! Glassnode, an on-chain analytics company,
Strategy (MSTR$164.00·Market Closed made its first bitcoin purchase since late August, acquiring 950 $BTC for $75.7 million last week at an average price of $79,670 per coin. The purchase was funded through the sale of $80.1 million of common stock, according to a Monday morning regulatory filing. The remaining proceeds were used to repurchase $174