Glassnode has revealed in its weekly on-chain crypto market report that the bitcoin (BTC) price crash that happened in late February is actually a good thing for the markets, as it has “flushed out” weak hands, and excessive leverage trading.  BTC Price Slump Good for the Markets  In its week nine on-chain cryptocurrency markets report, Glassnode, a leading blockchain analytics […]

Bitcoin held onto its key technical support area despite a concerning sell-off on Tuesday, raising hopes that it might survive the bearish assault that brought its prices down by 21.32 percent last week. The benchmark cryptocurrency reported early gains on Wednesday, surging by up to 2.72 percent to $49,470 after bouncing off its 20-day exponential moving average support. Its move […]

Earlier last week, Bitcoin bottomed at $45K, marking a 25% drop from its record $58K high. This was a test and confirmation of this support not visited since February 11th. Furthermore, it was a healthy trace with past dramatic uptrends being followed by roughly 30% pullbacks. After this pullback, Bitcoin is set to continue upwards and break the set resistance. […]

Bitcoin’s recent 25% price dip was positive because it flushed out excessive leverage from the market and tested its holders’ conviction while keeping speculators at bay, according to a recent report. The report, published by on-chain analytics firm Glassnode, analysed the recent cryptocurrency market correction, which saw BTC’s price drop from a new all-time high above $58,000 to about $43,000 […]

Popular bitcoin bull and market analyst Max Keiser has argued that bitcoin’s market capitalization could surpass $300 trillion in the future, predicting the flagship cryptocurrency could surpass the U.S. dollar and become the world’s reserve currency. In a new episode of the Keiser Report on RT, first spotted by Daily Hodl, the bitcoin bull shared a Morgan Stanley report with […]

On Tuesday (March 2), American billionaire Mark Cuban explained to Bitcoin hater Peter Schiff why gold did not have a bright future as a store of value asset. Cuban is the majority owner of the professional basketball team Dallas Mavericks, as well as one of the “sharks” on the highly popular reality show “Shark Tank” (which is aired on the ABC television network). […]

The CEO of MicroStrategy–the business intelligence platform listed at NASDAQ, Michael Saylor, has confirmed that the firm bought an additional 328 BTC for roughly $15 million in cash. MicroStrategy’s Confidence in Bitcoin Their Form 8-k records on Mar 1 reveal, their doubling down came when Bitcoin and crypto prices crashed, falling approximately 30 percent from the $58k peaks. However, MicroStrategy […]