BITCOIN Archives - Page 118 of 129

August 24, 2021

Bitcoin to Reclaim $1 Trillion Valuation After Breaking $53K

In its latest weekly on-chain report, analytics platform Glassnode shed some light on the spending habits of Bitcoin (BTC) and crypto holders and investors. It revealed that last week produced some profit realization on-chain by long-term holders, “although so far it does not appear to be of signif...

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August 22, 2021

Bitcoin (BTC/USD) Market Aims to Increase Valuation

Bitcoin Price Prediction – August 22The BTC/USD market aims to increase valuation as the crypto’s price trades around the line of $49,411. The trading rate of percentage is at 0.59 as of writing. That showcases that the market has somewhat got a slight reduction at the capacity it’s been pushing to...

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August 22, 2021

Bitcoin Records Significant Hash Rate Spike Amid Bullish Resurgence

The Bitcoin (BTC) network hash rate has recorded a massive spike since it bottomed at 69 EH/s. The hash rate peaked at 96 EH/s in July. According to a report from coinwarz.com, the Bitcoin hash rate has climbed by 51% since it dropped to 69 EH/s and has maintained an uptrend ever since. That said, ...

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August 19, 2021

Bitcoin Bulls Fight for Market Control as Selling Pressure Pile

Bitcoin (BTC) bulls have had a hard time holding their position in the market for the past few days. The benchmark cryptocurrency now struggled to remain afloat above the $44k level, as most of the crypto market erased some of last week’s gains. Last Saturday, the primary cryptocurrency peaked at t...

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August 18, 2021

Bitcoin (BTC/USD) Market Retraces Position

Bitcoin Price Prediction – August 18The BTC/USD market retraces position from a higher trading zone of around $47,500 resistance. The crypto’s trading line is at $45,871 at a percentage rate of about 1.22. BTC/USD Market Key Levels:Resistance levels: $47,500, $50,000, $52,500Support levels: $42,500...

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August 17, 2021

Bitcoin Record Drop in Network Usage (Fees) Chart

Bitcoin (BTC) is reportedly losing its ranking on the network fee charts. Analysts use network fees as a measure for the usage and demand of a network. According to a tweet from ‘Banteg’—the developer behind Yearn Finance—yesterday, BTC had dropped to the seventh spot in terms of fault fees generat...

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August 15, 2021

Bitcoin (BTC/USD) Trade Poises for Price Action

Bitcoin Price Prediction – August 15There has now been a trace in the BTC/USD operation that the crypto trade poises for price action to determine a definite direction of the trading activities. As of analyzing the market, price records a smaller percentage rate of -2.02, trading around the level a...

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August 15, 2021

Bitcoin Returns to Extreme Greed Levels as Bulls Reclaim Dominance

Due to the recent positive developments in the cryptocurrency industry, Bitcoin (BTC) has recorded double-digit gains over the past few weeks, flipping the general market sentiment. However, for the first time in about three months, the Bitcoin Fear and Greed Index has entered “extreme Greed” condi...

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August 12, 2021

Bitcoin (BTC/USD) Market Analysis — August 12

Bitcoin (BTC) recently peaked at a three-month high at $46,800 yesterday but has suffered a $4,000 decline since then. As expected, the rest of the cryptocurrency market followed in the steps of the benchmark cryptocurrency, causing the market valuation to drop by $830 million or 4.3% within a few ...

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