More Than 75% of Bitcoin Is Held by Long-Term Investors
Long-term investors currently hold more than 75% of all Bitcoin. Since October 2015, these percentages have not been observed: Cryptoquant analytics.
bear market
Bitcoin In a Less Severe Bear Market: JA Maartunn
Bitcoin has witnessed low single-digit rises and falls in the month. In 2013 and 2017, Bitcoin plummeted 84% from its prior all-time high. The DXY Index price behavior might support a Bitcoin rise back to $26,000. The ramifications of the September trend have been reasonably apparent in Bitcoin. According to data, the digital asset has only witnessed low single-digit rises for the month. At this time, the cryptocurrency has gained 3 percent, but with the price continuing to fall, it is probable that bitcoin may go below this level. However, according to our analysis, the Current bear market is way
65% of All Bitcoin Has Not Been Moved In Over a Year
The drop in the price of Bitcoin has not had an effect on its available supply. The amount of activity on a network may plainly show how stable it is. Investors have had an especially rough time during the 2022 bear market. It’s not necessarily true that a market that is busy is healthy. A network’s level of activity can clearly reveal its stability, but a decline in activity may also foretell the beginning of a positive trend. Consider the Bitcoin network as an illustration. The majority of Bitcoin’s circulating supply hasn’t been impacted by its price decline. Over 65%
Crypto Market Sinks Fast, Economists Debate Consequences
Both Cryptocurrencies and stocks take a massive plunge. The overall market sentiment seems to be shrouded in fear and doubt. Economists expect a harsh state of inflation and an inevitable recession. In just 24 hours, the financial market took a heavy hit and assets everywhere are dropping in value. The market sentiment is moving towards a downward spiral as investors scramble to secure their investments. What’s concerning is that the hit is affecting both traditional and decentralized economies. This is unfortunate news, especially for the crypto industry that needs a greedy sentiment to drive price surges. Presently, the Crypto Greed
3 Reasons Why the Crypto Market Is in Bear Territory
Cryptocurrencies may now be in bear market. The three reasons why the crypto market is in bear territory is because financial markets are down, the supercycle did not materialize, and countries are banning crypto. The continuous bloodbath happening in the crypto market today may be an suggestive of a fear-led movement in the next weeks at least. In fact, some may even believe that the crypto market is now in bear territory. Of course, many are hoping for the market to recover. However, the market has been in a tumble for a couple of months already. Bear market or not,
