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No More 'Bitcoin Tourists' In Crypto Market, Says On-Chain Analysis Firm
Tuesday, July 5, 2022 - 5:29am | 517Bitcoin (CRYPTO: BTC) saw one of its worst-performing months on record in June, along with a mass exodus of retail traders. What Happened: In a recent report examining the state of the Bitcoin network, on-chain analytics firm Glassnode noted the “near-complete expulsion of market...
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2022 Is The Worst Bear Market In Crypto History, On-Chain Data Shows
Monday, June 27, 2022 - 2:32pm | 322A number of on-chain metrics show that 2022 has turned out to be the worst bear market Bitcoin (CRYPTO: BTC) has ever seen. What Happened: In the latest edition of its weekly on-chain data analysis, Glassnode described the year-to-date period as “the most significant bear market in...
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Bitcoin Hodlers Are Selling Amid Bear Market — But Adoption Keeps Growing
Wednesday, June 22, 2022 - 5:53am | 359Bitcoin's (CRYPTO: BTC) short-term market performance has seen better times. However, on-chain data analysis revealed that even though the seven-day average of Bitcoin addresses in profit recently reached a two-year low of nearly 55.7%, it still implies most are still profiting....
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Only 2.2% Of Short-Term Bitcoin (BTC) Holders Still In Profit
Wednesday, June 8, 2022 - 6:30am | 416On-chain data from Glassnode shows that only 2.2% of short-term Bitcoin (CRYPTO: BTC) holders are still in profit. What Happened: In the latest edition of its weekly newsletter, Glassnode analysts observed that a great majority of investors are holding unrealized losses. With #Bitcoin prices...
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Bitcoin On-Chain Activity Remains Firmly In Bear Market Territory: Glassnode
Tuesday, March 22, 2022 - 4:37am | 344Analysts at Glassnode said that Bitcoin (CRYPTO: BTC) “remains firmly within bear market territory” based on supply dynamics and on-chain activity. What Happened: In the latest edition of its weekly newsletter examining the crypto market, Glassnode warned that a period of higher...
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Elon Musk's Latest Dogecoin Tweet Causes Spike In Volume But Price Refuses To Budge: What's Going On?
Monday, March 14, 2022 - 7:20am | 686Dogecoin (CRYPTO: DOGE) traded 1.2% lower at $0.11 over 24-hours leading up to early Monday morning. Dogecoin Price Performance Time-frame % Change (+/-) 24-hour -1.2% 24-hour against Bitcoin 1.2% 24-hour against Ethereum 0.25% 7-day -4.5% 30-day -20.7% YTD performance -33.3%...
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Bitcoin Blows Past American Express, Discover With $3T Transaction Volume: Growing At 'Torrid Pace'
Tuesday, February 1, 2022 - 9:59am | 449In 2021, the Bitcoin (CRYPTO: BTC) blockchain had processed $3 trillion worth of transactions. What Happened: According to a report from NYDIG, Bitcoin’s annual transaction volume for 2021 surpassed credit card networks American Express (NYSE: AXP) and Discover (NYSE: DFS). American Express...
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Bitcoin's Brutal Week: Average Daily Losses At $470M
Monday, January 10, 2022 - 9:18am | 620Bitcoin lost more than 12% of its value in the last seven days as market sentiment turned significantly bearish. What Happened: According to data from whalemap, the high-value losses being transacted on-chain corresponds directly to a higher level of market-wide panic. Moving P&L is a great...
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Ethereum Balance On Exchanges Reaches 2-Year Low As Investors Hold For The Long-Term As It Breaks $4,000
Wednesday, October 27, 2021 - 10:28am | 387The balance of Ethereum (CRYPTO: ETH) held on cryptocurrency exchanges has reached a two-year low as bullish sentiment pushed people to move their coins off-exchange for long-term storage. What Happened: Cumulatively, crypto exchanges hold 14.7 million ETH (about $59 billion), which...
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Dogecoin Leads Major-Crypto Pack, Bitcoin Faces Profit-Taking Test And Ethereum Sits On The Sideline
Monday, October 18, 2021 - 9:39pm | 645Dogecoin (CRYPTO: DOGE) was the leading gainer among major coins on Monday night as the global cryptocurrency market capitalization fell 0.24% to $2.48 trillion. What Happened: The Shiba Inu-themed coin traded higher by 4.06% at $0.25 over 24 hours. Over a seven-day trailing period, DOGE has run up...
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Bitcoin Addresses In Profit Reach 5-Month High: Setback Incoming?
Thursday, October 14, 2021 - 4:44am | 386Bitcoin (CRYPTO: BTC) is seeing an overwhelmingly large number of investors profit off of their investments, triggering fears of a setback. What Happened: According to data provided by Glassnode, the percentage of Bitcoin addresses that are currently profiting off of their...
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Bitcoin, Ethereum, Dogecoin Flat And Analyst Sees Buying Opportunities Ahead
Tuesday, October 12, 2021 - 9:42pm | 583Major coins were trading flat on Tuesday night as the global cryptocurrency market capitalization rose 0.71% to $2.32 trillion over 24 hours. What Happened: Bitcoin (CRYPTO: BTC) traded 0.59% higher at $56,488.35 over 24 hours. Over the week, the apex coin has shot up 10.16%. The second-largest...
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Bitcoin Sees Increased Selling From 'Old Hands' As It Trades Near $50,000 Level
Tuesday, August 24, 2021 - 4:08am | 494Bitcoin (CRYPTO: BTC) is seeing increased selling by old coin holders as it hovers around the psychologically important $50,000 mark, as per Glassnode. What Happened: Glassnode used the Spent Output Age Bands metric to investigate the cohorts of the market spending BTC. “This week has...
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Elon Musk's Mood Swings Split Bitcoin Market Into Paper Hands And Diamond Hands, Shows On-Chain Data
Monday, May 17, 2021 - 11:41pm | 618Bitcoin (BTC) has fallen nearly 20% in a seven-day period leading up to press time after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s barrage of tweets related to the apex cryptocurrency. The dip in the market, the deepest in the current rally, has unnerved new entrants while seasoned hands seem...
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Bitcoin At $57,000 But Hodlers Keep Hodling: What You Need To Know
Monday, March 22, 2021 - 3:33am | 585Bitcoin (CRYPTO: BTC) is trading near record-highs at $57,726.97, yet investors are still holding on to the apex cryptocurrency undeterred by shrink supply, according to blockchain data and intelligence provider Glassnode. What Happened: BTC is still trading 6.65% lower than the all-time...