Month: October 2024

Bitcoin Data Reveals Short-Term Holder Profitability Improves: BTC Rally Incoming?

Bitcoin is experiencing increased volatility after a recent dip to $60,000, a critical level it currently holds above. Following the Federal Reserve’s interest rate cut announcement, Bitcoin’s price surged aggressively but is now retesting key demand levels, likely determining its next target. According to data from Glassnode, there has...
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Pro-XRP Lawyer: Secondary Market Status Safe Despite SEC Appeal Vs. Ripple

On Wednesday, the US Securities and Exchange Commission (SEC) officially initiated an appeal process against the final ruling in the case against Ripple Labs. The specific grounds of the SEC’s appeal remain undisclosed so far, leaving the XRP community in the dark. However, pro-XRP lawyer Bill Morgan has clarified...
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Bitcoin Plunges To $60,000 As Short-Term Holders Harvest Massive Profits

On-chain data shows the Bitcoin short-term holders have recently moved over 14 times as much profit volume as the loss one. Bitcoin Has Plunged As Short-Term Holders Have Been Realizing Gains According to the latest weekly report from Glassnode, the short-term holders have started taking profits again recently. The...
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Bitcoin And Gold Share 85% Correlation – What Sets Them Apart?

Bitcoin is currently testing a crucial support level after a 9% decline from its recent local highs. The broader crypto market, alongside traditional markets, has been experiencing heightened volatility, driven by the ongoing conflict between Israel and Iran. This geopolitical tension sends shockwaves through global markets, and Bitcoin is...
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Ripple’s CLO Criticizes US SEC’s Latest Appeal, Questions Legal Strategy

Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has openly slammed the United States Securities and Exchange Commission (SEC) for its most recent legal move, marking a significant step in the ongoing dispute over XRP and the blockchain payment firm.  US SEC’s Appeal Move Receives Backlash From Stuart Alderoty The...
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