On-chain data shows the Bitcoin circulation rate has continued to be low recently, something that may be bad news for the current BTC rally. Bitcoin Circulation Has Remained Low Despite Recent Price Surge According to data from the on-chain analytics firm Santiment, 105,000 BTC is moving per day currently. The relevant indicator here is the …
On-chain data shows Bitcoin loss-taking transaction volume has spiked recently. Here’s why this could turn out to be bullish for the asset’s price. Bitcoin Loss-Taking Volume Has Been More Than The Profit-Taking One Recently According to data from the on-chain analytics firm Santiment, traders are currently taking losses at twice the rate of profits. The …
Ethereum has broken the $1,900 mark today as on-chain data shows sharks have been continuing to accumulate more of the asset. Ethereum Sharks Are Currently Holding Their Highest Amount In A Year According to data from the on-chain analytics firm Santiment, the sharks have been constantly adding to their holdings since last summer. The relevant …
The year 2023 has been quite eventful for the crypto industry, with several positives and negatives. In the latest development, Bitcoin and crypto ATM installations have dropped by more than 5,000 units in 2023 based on data from Coin ATM Radar. Global Crypto ATM Network Records Heavy Decline In Q1 2023 Although the crypto market …
Cardano (ADA) is experiencing a significant challenge despite its strong bullish momentum since March 21st. The cryptocurrency’s price is stalled at a local resistance level of $0.385, which has proven to be a significant barrier for ADA in its price movement. ADA is trading at $0.3704, recording a decline of over 3.5% in the past …
On-chain data provider Santiment shows Cardano (ADA) is presenting mild decoupling signs this week. According to the report, the decoupling highlights ADA’s increasing strength as an independent asset. ADA’s recent price moves and uptrend depicts resilience for over a month, even amid downturns in the broader crypto market. Santiment reported that major Cardano investors with …
Data shows the XRP social dominance has hit a 1-year high recently; here’s what this may mean for the cryptocurrency’s price. XRP Social Dominance Is Now At Its Highest Level In 50 Weeks According to data from the on-chain analytics firm Santiment, discussions around XRP have shot up recently. The social volume must first be …
In July 2022, Polygon Labs, zkSync and Scroll ZKP launched a race to build the best zero-knowledge Ethereum Virtual Machine (zkEVM). After $1 billion in funding, two external audits, and an internal audit of 26 researchers, today is the day – March 27, 2023 – when the Polygon zkEVM will be launched. Although the Polygon …
Data shows the crypto market sentiment has become less positive in recent days, something that could allow the latest rally to extend further still. Euphoria Doesn’t Seem To Have Hit Crypto Market Yet According to data from the on-chain analytics firm Santiment, positive sentiment has declined in the market despite the price surge. The relevant …
XRP whales are becoming more active once more as the crypto market picks back up. They seem to have taken advantage of the small decline in prices to load up their bags over the last month, leading to a significant uptick in the number of tokens they hold on their balances. XRP Whales Buy $155 …
