Category: Cryptocurrency News

On-chain data shows the Bitcoin whales who bought around one month ago have continued to hold strong despite the price surge providing them with a chance to take some profit. Bitcoin 1 Month To 3 Month Old Supply Has Been Rising In Recent Days As pointed out by an analyst in a CryptoQuant post, the whales who bought at $19k about a month ago seem to not have realized their profits yet. The relevant indicator here are the Bitcoin supply age bands, which tell us how much coins are held by each cohort right now. These groups or age bands are divided based on the amount of time the coins belonging to them have been held stationary in a single wallet address for. For example, the 1D-1W age band includes all coins that haven’t been moved or sold since between one day and one week ago. Now, here is a chart that shows the trend in the Bitcoin supplies for some of the age bands over the past week: The data for all the different age groups in the market up to the three months old mark | Source: CryptoQuant As you can see in the above graph, the 1D-1W Bitcoin supply has been going up in recent days, suggesting there has been some fresg accumulation in the market. The less than 1D age band, however, saw some rise earlier as the price surge started, but it has been going down in the last couple of days. One significance of this group is that it reflects the fresh buying going on in the market. As this has stopped trending up, it means there is no longer many new purchases happening. Related Reading: Bitcoin Bearish Signal: Exchanges Receiving Large Deposits The quant from the post notes that a lack of new buying pressure could imply the current price uptrend is unlikely to continue in the short term. Nonetheless, there is a positive sign in the Bitcoin market as well, and it is that the 1M-3M age band has been observing an increase recently. This maturation of coins into this group has only just taken place, suggesting whales bought up this supply about a month ago. Related Reading: Why This Bitcoin Indicator Points To Bullish Double Bottom At that time, the price was around $19k, meaning that these whales now have the opportunity to sell at a profit. But as the 1M-3M supply moving sideways since the rise shows, these investors continue to hold with conviction that there will be more profitable windows ahead. BTC Price At the time of writing, Bitcoin’s price floats around $20.7k, up 8% in the last week. Looks like BTC has rebounded from the dip a couple of days back | Source: BTCUSD on TradingView Featured image from Jaunathan Gagnon on Unsplash.com, charts from TradingView.com, CryptoQuant.com

The U.S. central bank’s key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct. 28. Meanwhile, markets expect with near-certainty that the Federal Reserve will codify its fourth consecutive rate hike by 75 basis points (bps) next month. While […]

The scammers out here are a menace, Most of them are easy to identify by having low karma and very few days of Reddit. But I've seen a fair number seem to be buying(I assume they are) old Reddit accounts with ages of a few to several years. After a bit of chat however you'd…
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submitted by /u/shmsc [link] [comments]

BTC maxis are unlikely to be on this subreddit unless they are looking for a fight. But I'm still here and have the most conviction for BTC. It's the only coin I've never sold. BTC seems distinctly different in its value proposition from all other coins. But with that said, I like that my conviction…
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While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all-time sales, have reached more than $40 billion. Moreover, the NFT marketplace platform Opensea captured over $32 billion worth of sales as the NFT market platform currently dominates the top five […]

It’s been a rough couple months for stocks, crypto, and other investments. After a few green days many investors are wondering if we could be seeing the bottom of the market right now. I would argue that we are just getting started. Currently the federal reserve continues to hike interest rates and offload their balance…
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submitted by /u/B_D_Rick [link] [comments]

The goal of this post is to help newer users: Every year, this sub chooses several favourite project that gets hailed as the greatest coin that will moon like no other. These projects then get a lot of positive attention. This was true for coins like VET, LRC, LUNA, ONE, and NANO, and will be…
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Hi friends, as you know I'm Venezuelan "living" here, crypto enthusiast. We see a drop this week, to 27 BTC, still around 120 USD monthly. Remember this is only measured using LocalBitcoins. There are other exchanges where the volume is higher for sure, like Binance (king here) where you can use P2P to use Bolivares…
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