Bitcoin profit-taking remains ‘below historical peaks’ amid $90K high
Since Bitcoin broke past its March high of $73,679, Bitcoiners have pulled $20.4 billion in realized profits, but Glassnode believes “further gains” may be on the horizon.This post was originally published on this site
Glassnode Report Reveals Insights on Bitcoin’s Latest Rally – Why Investors Are Paying Attention
Bitcoin’s recent price rally to $69,000 marked a notable shift, according to research from Glassnode and onchain analysts Ukuria OC and Cryptovizart. Bitcoin’s Rally to $69K: Glassnode’s Analysis on What’s Next for the Market The recent surge in bitcoin’s (BTC) spot price to $69,000 has brought relief to investors after months of stagnant trading, per […]
Bitcoin ETF demand hits 6-month high while futures volumes remain ‘subdued’
Spot Bitcoin ETF demand soars to a six-month high, but BTC futures contract volumes “remain somewhat subdued” and could be a reason why the price is constrained.This post was originally published on this site
Crypto Market’s Unexpected Q4 Developments Revealed in New Institutional Report
According to a recent joint report by Glassnode and Coinbase Institutional, the fourth quarter of 2024 is marked by an evolving landscape in the crypto markets. Researchers from both entities underscore the significance of these developments, driven by key metrics and trends shaping the broader industry. Institutional Insights Signal a Maturing Crypto Market in Q4 […]
Bitcoin now has $1T ‘market cap lead’ over ETH amid $68K price
Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high “for the spread.”This post was originally published on this site
Bitcoin bears turn ‘giddy’ at prospect of sub-$60K BTC price
Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading.This post was originally published on this site
Bitcoin bears turn ‘giddy’ at prospect of sub-$60K BTC price
Analysts say Bitcoin price pullbacks “will happen” and suggest that traders avoid impulsive trading.This post was originally published on this site
Crypto market matured ‘dramatically’ in 2024: Coinbase
Range-bound price action shouldn’t obscure the fast progress being made in bringing institutions and users onchain, Coinbase and Glassnode said in a Q4 report. This post was originally published on this site
Bitcoin price must leave $60K range 'to re-awaken supply' — Market analyst
Bitcoin’s consolidation around $60,000 has investors sidelined, with a new price range needed to spark activity, according to an analyst.This post was originally published on this site
New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […]