Stories tagged “Market Analysis.”
6 stories
CryptoQuant's analysis, using three key on-chain charts, indicates Bitcoin's 'Uptober' thesis remains valid. Data suggests a potential local price bottom is forming despite macroeconomic headwinds.
A recent report by Glassnode and Bybit reveals that over the past two years, Bitcoin gained 28%, while the median mid-cap altcoin lost 74%, and Ethereum remained largely flat.
Several long-dormant Bitcoin wallets, holding millions in BTC, have recently become active, with one transfer potentially signaling an intent to sell.
Hyperliquid's native token, HYPE, recently reached an all-time high of $83.27, but a significant token unlock valued at $1.2 billion is scheduled for August 29.
Markus Thielen says Bitcoin reaching $1M by 2030 is mathematically impossible due to required capital inflows. Bitcoin's market cap is around $1.28T, with its price at $63,868.
Ethereum (ETH) remains stable around the $1,900 mark amid macro disruptions and global equities selling pressure.