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Rumors Of MicroStrategy Selling Bitcoin Grow With Tesla’s Disclosure

Bitcoin and the cryptocurrency market lost momentum in the last 24 hours after suffering a rally. Yesterday, Elon Musk-led automaker Tesla announced that it has sold 75% of its BTC holdings to convert it into fiat currency. Related reading | Cardano (ADA), after up 35%, is holding on to the next target: $0.55 This has …

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Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

On-chain data shows that the Bitcoin NUPL metric has returned to a positive value, indicating that the market as a whole is back in profit. Bitcoin NUPL recent trend could indicate bottom is already in place As one analyst pointed out in a CryptoQuant post, a BTC NUPL breakout above the neutral market could be …

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Ethereum Soars 41% In A Seven Day Run. Is the Upcoming Merge A Catalyst?

The second largest cryptocurrency by market capitalization, Ethereum, is up 45 percent over the past week, outperforming the majority of other assets to bet on. There could be a simple explanation for this: With the Ethereum developer team nearing completion of a multi-year and very difficult upgrade, merchants are turning positive. ethereum high The second …

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Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

Bitcoin was unable to breach the key resistance levels around $23,000. As a result, the cryptocurrency has been moving sideways over the past couple of days while maintaining some of its gains over the past week. The slowdown in the bullish momentum coincides with an increase in liquidity requests (sell orders) for the price of …

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Why Hidden Bitcoin Bulls Could Be Ready To Charge

Bitcoin price It is attempting its first major recovery since dropping below $20,000 per BTC during the recent crypto market contagion. A subtle bullish divergence could indicate that although the selloff was intense, the bulls have been waiting and will start charging soon. Here is a closer look at a possible bullish continuation signal on …

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Ethereum Shows Signs Of Exhaustion, But Could It Still Touch $1,700?

The cryptocurrency market has extended its upward momentum despite the recent tailwinds, with Ethereum still leading the recovery. The second cryptocurrency by market capitalization traded at $1,600 with a gain of 35% in the past week. Related reading | Cryptocurrency Market on the Rise: ApeCoin Offer Gains and Curve DAO QCP Capital trading company subscriber …

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Bitcoin Price Could Rally Again If It Stays Above This Key Support

Bitcoin started a downside correction from the $24,000 resistance against the US Dollar. BTC finds quotes close to $22,500 and may start a new rally. Bitcoin started a bearish correction and traded below the $23,000 level. The price is now trading above $22,000 and testing the 100 hourly simple moving average. There was a break …

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Funding Rates Return To Neutral Following Bitcoin Relief Rally

Bitcoin funding rates had a very negative month between mid-June and mid-July. Funding rates, previously muted, quickly fell back below neutral and proceeded to spend the next month at that level. However, there is a big change as last week saw funding rates return to neutral. Funding rate recovers when exchanges Bitcoin funding rates were …

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