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Spenser Reed

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Bitcoin BTC tickers down $69,912 made a new all-time high, skyrocketing to $70,199 on Coinbase exchange, indicating that buyers remain in the driver’s seat. However, the bears have not allowed the price to maintain above $70,000, suggesting that every higher level is being sold into.

Price analysis 3/8: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, SHIB,...

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Bitcoin hit a new all-time high, but the failure to sustain the breakout suggests that bears remain active at higher levels. BTC made a new...
The demand for Bitcoin is fueling sentiment around the crypto industry, driving the capital locked on-chain to over $100 billion on March 9.

DeFi TVL reaches $100B as Bitcoin pumps sentiment

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The global total value locked in DeFi protocols reached $100.1 billion on March 9. These figures, however, still fall short of the $189 billion...
Bitwise chief investment officer Matt Hougan warned investors to approach crypto projects with high valuations skeptically as the “wealth effect” is occurring in the crypto market.

Many terrible cryptocurrencies are trading at ‘crazy valuations,’ warns Bitwise exec

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Bitwise chief investment officer Matt Hougan cautions that not every token having a price surge in the cryptocurrency market “deserves to be.” Bitwise chief investment...
Bitcoin BTC tickers down $68,440 whales are not in a rush to sell into the current rally that propelled Bitcoin to new heights above $70,000, the latest on-chain data suggests. Bitcoin whale population grows despite price record high The number of unique addresses holding at least 1,000 Bitcoin — known as whales — has risen to 2,104 addresses as of March 7. However, this is still lower than the record of 2,489 addresses reached in February 2021, when Bitcoin was trading above $46,000. Bitcoin addresses with at least 1,000 BTC. Source: LookIntoBitcoin The rising wallet count could also be attributed to the United States spot Bitcoin exchange-traded funds (ETFs), which surpassed $52.5 billion in cumulative trading volume on March 4. The fact that whales are not selling their Bitcoin at these levels suggests that they expect prices to rise further. Bitcoin whales are important because the size of their trades can significantly impact price. Julio Moreno, the head of research at on-chain intelligence firm CryptoQuant, also took note of the growth in a March 7 X post. Moreno wrote: “The growth of whales’ Bitcoin holdings is going parabolic.” Bitcoin whales holding 1,000–10,000 BTC, 1-year change. Source: Julio Moreno on X Whales withdraw from BTC exchanges at record pace Further evidence of Bitcoin whales not rushing to dump their holdings comes from several metrics measuring volumes between whales and exchanges. Advertisement BlockShow by Cointelegraph is back with a crypto festival in Hong Kong, May 8-9 - Secure Your Spot! Ad Glassnode data shows that transfers from exchanges to whales have also “gone parabolic” to new record highs this month. Bitcoin: Number of transfers from exchanges to whales. Source: Glassnode Meanwhile, the transfer volume from whales to exchanges has only seen a modest uptick compared to previous bull and bear market periods. Overall, these metrics suggest a big influx of new investors into Bitcoin and that there is little sign of profit-taking by wealthy investors despite record high-level BTC prices. Transfer volume from whales to exchanges. Source: Glassnode Bitcoin ETF buying spree continues On a fundamental level, spot Bitcoin ETFs in the United States continue driving demand for BTC. The BlackRock iShares Bitcoin Trust (IBIT), for example, recorded its highest daily inflows of $788 million on March 5. Related: Bitcoin retail interest returns, pushing BTC spot trading volume to 12-month high As Cointelegraph reported, Bitcoin’s next big target could be around $92,500, based on a mix of technical, on-chain and fundamental indicators. Notably, Bitcoin charts recently printed a triangular formation resembling a bull pennant, widely regarded as a bullish continuation pattern.

Bitcoin whales not selling despite $70K — BTC holdings growth ‘is...

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Bitcoin addresses holding at least 1,000 BTC are climbing again despite the BTC price reaching over $70,000 for the first time. Bitcoin whales are not in...
Bitcoin’s BTC tickers down $66,819 price recorded a new all-time high of $69,000 on March 5; however, the time above $69,000 was short-lived as the BTC price experienced a flash crash and briefly fell below $60,000.

Bitcoin price retraces from $69K ATH as BTC hodlers take profit

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A dormant whale from 2010 woke up to sell 1,000 BTC at $69,000 ATH, racking in $68 million in profits. Bitcoin’s price recorded a new all-time...
Bitcoin BTC tickers down $66,362 posted a new price record on March 5, breaking above $69,200 for the first time in history.

Bitcoin and gold broke new price records on the same day

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The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC. Bitcoin posted a new price record...
Regulatory scrutiny has brought an end to Binance’s presence in Nigeria, with the exchange announcing it is withdrawing entirely from the market.

Here’s what happened in crypto today

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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs,...
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