Analysis

Bitcoin-based non-fungible token (NFT) protocol Runes has seen transaction volume increase in the past week, according to data from Dune analytics. With the rise in Runes transactions, the protocol is gradually regaining a significant percentage of the transaction volume on the Bitcoin network.

Bitcoin is experiencing significant volatility and uncertainty after falling below the $60,000 mark. This dip has sparked mixed reactions among investors.

Bitcoin steadies above $60,000 on Friday, gains over 1% on the day. 

Crypto analyst Bob Loukas has released a new video analysis titled “No Bull.” In the video, Loukas delves into the current state of the Bitcoin market, addressing growing concerns about the possibility of a canceled bull run.

Bitcoin price extended losses and traded below the $60,000 zone. BTC is now attempting a recovery wave and facing hurdles near $60,800.

Despite recent fluctuations in the general crypto market, Bitcoin, the flagship digital asset is showing signs of an impending major rally, possibly to a new peak, which indicates a potential positive shift in price movement to the upside.

According to a crypto analyst, Bitcoin (BTC) may be heading towards a capitulation due to tightening on-chain liquidity. However, this capitulation could be followed by a “full bull” market.

The stagnation of the Bitcoin price despite the first rate cut by the US Federal Reserve since 2020 has perplexed many investors and traders within the market.

Following its brief stint above $66,000, the Bitcoin price fall had put it below multiple important levels. This allowed the bears to thrive as they reclaimed control of the largest cryptocurrency by market cap once again.

Bernstein analysts have predicted that the November presidential election result could affect the price of Bitcoin. The firm’s report shows possible price shifts based on Trump and Harris assuming the presidency.

As the bulls and long-term holders continue to capitalize on the dip, analysis of on-chain data has revealed that the selling pressure has been eased massively as the majority of short-term holders have exited the market.

The CEO of the on-chain analytics firm CryptoQuant has explained how the Bitcoin whales have been showing a shift in their Realized Cap recently.

On-chain data shows the Bitcoin supply in loss has shot up close to the 20% mark after the recent bearish action in the coin’s price.

Peter Schiff is itching for a fight. After Michael Saylor posted an AI-generated image of himself, dressed like a warrior and draped in a Bitcoin chain, Schiff was quick to respond.

Last week, Bitcoin (BTC) experienced considerable volatility, climbing to a two-month high of $66,500 before falling back to a low of $59,500 at the end of the week.

Japanese investment firm Metaplanet has added another 108.78 Bitcoin (BTC) to its existing holdings, bringing its total reserves to over 639 BTC.

Bitcoin (BTC) is at a critical resistance point, and a close above this level could signal further gains.

Bitcoin price extended its increase above $66,000. BTC is now correcting gains below $65,500 and might continue to move down toward $64,000. Bitcoin is correcting gains from the $6

As of Sept. 27, 2024 Liberal Democratic Party member Shigeru Ishiba has been voted the next prime minister (PM) of Japan. But Ishiba’s former role as defense minster and his affinity for taxes and revving the money printer, could be problematic for crypto enthusiasts in the country. Christian. Milit

The market performance of the spot Bitcoin ETFs (exchange-traded funds) in the United States has been impressive over the last few weeks.