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Bullish on Bitcoin – Glassnode Pointed To Positive Changes in BTC’s Fundamental Metrics

With the decline in activity in the bitcoin derivatives market, there is a formation of constructive medium- and long-term trends. These are the conclusions made by analysts of Glassnode. Over the past 12 months, trading volume, implied volatility, and spreads over the spot market have fallen to historic lows. This was facilitated by the price […]

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Which Proof-Of-Stake Coins Are the Most Environmentally Friendly?

As the popularity of cryptocurrencies grew, so did the amount of energy required to produce them. Especially in the case of the two biggest ones: Bitcoin and Ethereum. This has sparked criticism from environmentalists, who have begun to express concerns about digital assets’ impact on the environment. Nonetheless, Bitcoin and Ethereum are fairly old blockchains […]

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Bitcoin Has Already Moved From the Hands of Speculators to HODLers, Believes Glassnode

Bitcoin cannot get out of the range it has been trading in since February. Nevertheless, according to Glassnode analysts, the redistribution of coins from speculative investors to hodlers has already been completed. The experts again reminded traders about the accumulation of coins in the range of $35,000 – $42,000. Comparing UTXO at the time of […]

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Bitcoin Showing Strong Support at $48,000, Why Did the Price Drop?

After the recent cryptocurrency market correction, Bitcoin and Ethereum both rebounded sharply. Most cryptocurrencies only registered single-digit percent losses, with some seeing bullish momentum. At the time of writing, Bitcoin price continuously shows strong support at $48,000 as it attempts to breach the $50,000 level once again. The recent crypto market pullback erased over $600 […]