June gloom takes on a new meaning in another 2022 down month

The market cap of Bitcoin (BTC) dropped another 33% in June, which is now beginning to numb the Twitter community. On the upside, many crypto traders who wanted out did so fairly aggressively from March to May. But, the less optimistic news is that the stagnancy in address activity may need to change for prices […]

Why the Bitcoin ‘mid-halving’ price slump will play out differently this time

Some analysts believe the four-year market cycle is changing and that the halving schedule may no longer determine cyclical conditions as Bitcoin closes in on the mid point between halvings. The halving is when the amount of Bitcoin (BTC) rewards issued per new block mined is reduced by half. The next halving will happen around […]

‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days

Bitcoin whales are stocking up, with “millionaire” addresses accumulating around 90,000 Bitcoin worth $367 billion over the past 25 days. The accumulation was identified by crypto market data aggregator Santiment, which identified that wallets holding between 100 and 10,000 BTC — described by Santiment as “millionaire tier” addresses — are now the largest segment of […]

Crypto sentiment falls even as Bloomberg tips Bitcoin will hit $400K

Analytics company Santiment reports that cryptocurrency sentiment has fallen to near-record low levels for 2021 — even as some experts are doubling down on $400,000 Bitcoin’s price target. Sentiment nosedived following Bitcoin’s drop below $60,000 to its current price of $56,300 and Ethereum’s dip under $2,000 this week, according to Santiment. Ether is currently trading […]

Whale who sold Bitcoin before 2020 crash cashed out $156M before this week's 20% dip

Bitcoin (BTC) lost 20% in a day partly thanks to the actions of a single whale, new research suggests.  Data from on-chain analytics firm Santiment on Feb. 23 showed that BTC/USD dipped to $47,400 after Bitcoin’s second-largest transaction of 2021 took place. Ghost of Bitcoin sell-offs past returns The transaction, 2,700 BTC worth $156.6 million […]