As the price of Bitcoin (BTC) breaks past $11,100 on Sep. 19, whale activities and Bakkt’s all-time high volume suggests strengthening momentum. The 4-hour price chart of Bitcoin. Source: TradingView.com According to CryptoQuant’s Ki Young Ju, fewer whales have been sending BTC to exchanges. Historically, the data indicates less selling pressure from high-net-worth Bitcoin holders. Simultaneously, the daily volume of Bakkt’s institution-focused Bitcoin futures market achieved a record… Source link

The recent week has been relatively dull on the price movements of Bitcoin (BTC), as a slow upward trend was established after Bitcoin’s price found a footing at above $10,000. This rally then continued toward $11,000 on Sep. 18 but was pushed back by some short-term resistance levels.  The previous week has been focused solely around Uniswap (UNI) and the airdrop of its token, combined with several listings on high-end exchanges. At the same time, let’s take a look at the price of… Source link

Litecoin’s price has had to endure a period of consolidation over the past week. On 12 September, the cryptocurrency’s price fell by close to 8 percent from $51 to close to $47 and since then, Litecoin has been struggling to recover its losses. However, while LTC might be gaining some positive momentum, it may note a minor dip over the coming few days before pushing north again. At press time, Litecoin was being traded for $48.2 with a market capitalization of $3.1 billion. At the time,… Source link

As the weekend begins, Bitcoin (BTC) price continues to fluctuate between the $10,800-$11,000 range.  Cryptocurrency daily market performance snapshot. Source: Coin360 Some analysts would say the digital asset has lost momentum but a quick glance at the 1-hour or 4-hour chart shows Bitcoin chugging along sideways in a defined range which is starting to see some compression.  BTC/USDT 1-hr chart. Source: TradingView Despite what appears to be ‘disinterest’ from crypto traders, Bitcoin price… Source link

Over the past year, many of the market’s altcoins have shown signs of decoupling from the price movement of Bitcoin, the world’s largest cryptocurrency. However, this wasn’t evident when the movement of the crypto-market in the month of September was assessed. In fact, while many of these alts did follow Bitcoin’s lead when BTC fell, most weren’t on the same wavelength when BTC recovered and at press time was being traded at $10,944. Source: CoinStats As a result of the same, many… Source link

There is now more than $1 billion worth of bitcoin on Ethereum, record-setting transaction volume is boosting Ethereum miners’ revenue and VeChain joins China’s food safety watchdog to build track and trace capabilities.  Top shelf Token reflectionsUniswap’s decision to airdrop its new governance token was less about competing with its genetic clone SushiSwap, and more about building a community, CoinDesk’s Brady Dale reports. “I think it’s genius in every way,” Robert… Source link

According to data from Whalemap, an on-chain analysis firm that tracks Bitcoin (BTC) whales, the $9,800 support has weakened. The researchers at Whalemap track whale activities by following addresses owned by whales — individual investors that own large sums of BTC. They explained: “Some HODLer activity yesterday. Bubbles show where these HODLer coins were coming from. The biggest bubbles come from the pre-corona area at 9800. To me this means our support at 9800 just got a little… Source link

Daily transactions on the Ethereum blockchain have just recorded a new all-time high amid the general surge of congestion on the network. On Sept. 17, the amount of daily transactions on the Ethereum network amounted to 1,406,000, according to data from major Ethereum browser Etherscan. This is the highest number of daily transactions ever recorded on the Ethereum network. According to Etherscan, the previous all-time high was on Jan. 4, 2018, reaching about 1,350,000 transactions on the day.

Ethereum miners seem to be smiling to the bank now. This feat is triggered by transaction costs on the Ethereum network recently reaching a new hourly record. Data retrieved from Glassnode, a crypto analytics firm, revealed that ETH miners on the network earned a staggering $1 million in just one hour. Following UniswapProtocol’s announcement of the UNI token recently, Ethereum saw a massive surge in miner fees. Almost $1M USD in fees was spent in a single hour, thereby setting a new… Source link

After failing to hold the $11K mark and exposing what some analysts have described as a general apathy to trade BTC at these levels, Bitcoin (BTC) price is once again flirting with $11,000.  As suggested by Cointelegraph contributors Marcel Pechman and Micheal van de Poppe, a move above $11K is not a deeply significant milestone as the confluence of multiple factors, including looming overhead resistance and low trading volume decrease the likelihood that the digital asset will breakout once… Source link