It’s no longer news that Bitcoin whales play a major role in the world’s flagship crypto market. Nairametrics has placed great importance in tracking these large entities, as their trail usually precedes valuable insights on the prevailing price trend of Bitcoin.
The number of Bitcoin addresses depositing BTC to crypto exchanges has doubled since the beginning of 2020. This is according to the team at Glassnode who also added that approximately 100,000 unique Bitcoin addresses send BTC to crypto exchanges on a daily basis. Furthermore, the last time such an influx of BTC to exchanges was witnessed, was during the peak of the 2017 bull market.
In recent years, Bitcoin has also been regarded as "new gold," because its value adjusts more strongly than fiat currencies to commodities. It also explains why more buyers are involved in Bitcoin, since market increases are generally do not get affected by inflation during economic and political crises, like traditional currencies do.
Bitcoin’s price is back in decline as $12 billion suddenly evaporated off the crypto market cap. This includes approximately $10 million worth of BitMEX BTC longs, which have already been liquidated due to the sudden breakdown.
According to the latest data from Skew, Bitcoin (BTC) has not seen three positive consecutive quarters since 2017. If BTC ends Q4 with a net gain, it would be three consecutive winning quarters for the first time in three years.
Bitcoin’s (BTC) price has been showing some slight strength in the previous week as BTC rallied from $10,000 to $11,200. However, the crypto market's overall consensus has been showing weakness with double-digit selloffs for many of the smaller-cap cryptocurrencies.
The price of Bitcoin (BTC) has a new variable in the form of hedge funds launched. According to the team at PwC, the price of Bitcoin is correlated with the launch of new crypto hedge funds. The report by PwC was first pointed out by the team at Unfolded via the following tweet.
Binance CEO, Changpeng Zhao, announced the creation of the so-called Innovation Zone, which the post said will allow users to trade newer token offerings from their Binance account, while also "protecting less suited users from being exposed to the "risk" that comes with trading them." Zhao added that the exchange can list a coin without being in contact with the project founders, and have done so before.
Some of the community members felt that Bitcoin Cash is primed for a massive pump. They also thanked Roger Ver for creating the FOMO. Some of them expressed that this was a cool marketing campaign from Roger Ver and stated that Roger Ver has always been a brilliant marketer.
Binance Launchpool, the new DeFi initiative by crypto exchange Binance, announced its third project named Flaming (FLM). The announcement states that staring September 27, Binance Launchpool will allow users to farm (earn) FLM tokens.
IOTA Community Technical Feedback results show 69% who have stated that the experience using Hornet is very good; 70% have heard about Chrysalis; 75% stated IOTA concept is logical and understandable; 79% plan to run their own IOTA node.
According to its current statement, Bitribe has actually included assistance for Bitcoin SV versus 2 other cryptocurrencies– Bitcoin (BTC) itself, and Tether (USDT). With the listing, BSV has actually gotten significant direct exposure, as Bitribe itself services over a million users in the Asian area.
Fueled by what its developer calls a “smart” gameplay that enables players to earn litecoin (LTC) tokens, Litecoin game LiteBringer has led to a spike in transactions carried out with the use of the major cryptocurrency over the past days.
Bitcoin SV is still one of the biggest cryptocurrencies globally, currently ranked 11th by market capitalization and ignoring the criticism from the community. Several major exchanges, including Binance, delisted BSV back in 2019; however, the digital currency has remained strong.
Litecoin (LTC) transaction count has risen 15X following the launch of the LiteBringer–a decentralized, “idle” RPG PC-based fantasy game, on Sep 15. By Sep 22, there were over 139,000 transactions posted, up from 31k registered on Sep 13.
The Tezos (XTZ) price has been decreasing rapidly since Aug. 13 and has broken down from several crucial support levels. Unless the price is successful in reclaiming them, the trend is considered bearish.
The Tezos Foundation, the non-profit organization working towards the adoption of the Tezos blockchain protocol, published its bi-annual report on Tuesday, providing insights into the project’s development in the past six months.
Binance Coin BNB, -3.31% has been on the downturn over the past week of trading as the cryptocurrency lost a total of 11.5% over the past 7-days of trading. The coin had bounced from around $18 in early September to climb and reach as high as $33.40 during the middle of the month. More specifically, Binance Coin was never above to break beyond the resistance set out at $31.28 as it rolled over and started to reverse.
One of Ripple’s executives Chris Larsen has been spotted moving a significant amount of Ripple cryptocurrency (XRP) to an unknown wallet. The transaction was reported by Whale Alert, which raised concerns amongst other XRP holders on whether Larsen was planning a heavy dump. However, Larsen later cleared the air, saying he moved the funds to NYDIG.
The Litecoin price line for an ascending slope on the 1-day chart for the 22nd of September. The price rose towards the $45 mark but was unable to sustain that position. Crypto analysts on Trading View expect the LTC price to fall towards $40. On the 21st of September, the cryptocurrency rested near the $43 level.
TRON price made an attempt to clear the $0.0300 resistance, but it failed against the US Dollar. TRX price traded as high as $0.0298 and started a fresh decline below the $0.0300 and $0.0280 support levels.