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On-chain metrics reveal that Bitcoin balance on cryptocurrency exchanges continued its macro decline. The figures have reached 2.4 million BTC, which is around 12.6% of the circulating supply. According to…
Bitcoin price action resembles a bottom formation phase, as it has rebounded from the $17K-$20K range. After creating multiple higher highs and lows over the last few weeks, the market…
The past seven days saw the total cryptocurrency market add a considerable $40 billion to its total capitalization as the majority of it is painted green. Bitcoin’s dominance is a…
U.S. GDP has contracted for the second consecutive quarter. On July 28, the Commerce Department reported that gross domestic product had fallen by 0.9% between April and June. The United…
Bitcoin and Ethereum are pumping after the U.S. Bureau of Economic Analysis released its official GDP data for Q2 2022. The data shows that real GDP decreased by 0.9% year…
U.S. Treasury yields edged up Monday as markets focus on inflation woes and recession risk. All eyes are on a two-day Federal Reserve policy meeting that concluded this Wednesday, and…
Somewhat surprisingly, the crypto market reacted quite well to the latest interest rate hike from the US Fed, with prices soaring to new weekly highs. As such, the number of…
Bitcoin’s volatility surged once again following the latest Federal Open Markets Committee (FOMC) meeting. The primary cryptocurrency rose by 2.5% in response to the US central bank’s announcement of another…
Market movements are frequently consisting of two phases – an expansion phase where the price changes sharply in either direction, followed by a correction phase in which the price forms…
Although bitcoin trades 25% higher than its multi-year bottom tapped in June at $17,500, CryptoQuant suggested that the asset could face upcoming price drops. This is because of the Bitcoin…