Tags : Nears

Bitcoin

Bitcoin nears $60,000 as SEC voices support for ETF

Bitcoin temporarily broke the $60,000 level this morning amid reports of a Bitcoin exchange-traded fund (ETF) nearing approval in the US. The asset since fell to $59,500 at press time as traders took profits from the $1,500 move. Over $69 million worth of Bitcoin trades were liquidated as a result, data from analytics app Bybt […]Read More

Bitcoin

On-chain data shows Bitcoin (BTC) whales are ‘hodling’ on as

Bitcoin’s (BTC) recent constructive price action reflects upward trends in accumulation and HODLing behavior, as well as elevated on-chain activity and increased network utilization, Glassnode’s report for the first week of October revealed. However, in sync with the positive price action, derivatives markets recorded an influx of open interest, futures premiums, and positive funding rates, […]Read More

Bitcoin

Daily Bitcoin Transaction Volume Thriving, Nears Milestone $10 Billion

Bitcoin price is booming but there’s still the same old argument that remains: “nobody uses the top cryptocurrency for actual transactions.” While the claim has long been solid due to the asset acting more so as a store of value, daily transaction volume has also been soaring, nearing a milestone $10 billion. Here’s a closer look […]Read More

Bitcoin

Bearish Divergence Flashes Warning for Bitcoin as Price Nears $60,000

A widely traced technical indicator in the Bitcoin market is signaling bullish exhaustion as the cryptocurrency flirts with $60,000. The 14-day Relative Strength Indicator (RSI), which alters traders about Bitcoin’s oversold and overbought conditions, has formed lower highs so far in 2021, decoupling from the cryptocurrency’s relentless uptrend, which is forming higher highs as the […]Read More