by Koinat | Jan 18, 2024 | Market News
On January 17, Bitcoin miners experienced a substantial sell-off, parting with over 10,000 BTC, marking the most significant daily decline in their reserves in more than a year. Data from on-chain analytics firm CryptoQuant reveals that miner reserves dropped by...
by Koinat | Jan 17, 2024 | Market News
In a notable development, Bitcoin (BTC) has recorded its first-ever weekly “Golden Cross,” as the 50-week simple moving average (SMA) surpassed the 200-week SMA on the weekly price chart. The Golden Cross, a term derived from technical analysis, is seen as...
by Koinat | Jan 15, 2024 | Technical Analysis
Bitcoin (BTC) has experienced a more than 5% decline to $42,600 since the introduction of spot ETFs in the U.S. last Thursday, signaling a possible “sell the fact” reaction in the market. Analysis by 10x Research suggests that this sell-off may continue in...
by Koinat | Jan 15, 2024 | Market News
In an effort to repay creditors, beleaguered crypto lender Celsius has executed substantial ETH transfers to centralized exchanges, totaling over $125 million in the past week. The transactions, aiming to cover incurred costs during the restructuring process, saw...
by Koinat | Jan 11, 2024 | Market News
With the long-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S., speculations about a potential 30% crash in Bitcoin’s price have circulated. However, there are compelling reasons to believe that such a scenario is unlikely, and Bitcoin...
