{"id":25609,"date":"2025-05-07T14:48:06","date_gmt":"2025-05-07T14:48:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25609"},"modified":"2025-05-07T14:48:06","modified_gmt":"2025-05-07T14:48:06","slug":"bitcoin-climbs-to-97k-as-on-chain-accumulation-surges","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25609","title":{"rendered":"Bitcoin Climbs To $97K As On-Chain Accumulation Surges"},"content":{"rendered":"<div>\n<p>Bitcoin (BTC) extended its rally Wednesday, rising 3.4% to $97,124 <a href=\"https:\/\/www.benzinga.com\/money\/how-to-buy-bitcoin-btc-best-bonuses-august-2024#:~:text=Users%20need%20to%20set%20up,bank%20transfers%2C%20and%20other%20cryptocurrencies.\">amid renewed investor confidence and mounting on-chain support<\/a>. The cryptocurrency is now up 3.5% over the past week and 28% in the past month, reinforcing bullish momentum heading into the May Federal Reserve meeting.<\/p>\n<p>According to blockchain analytics firm Glassnode, accumulation is strengthening across both long- and short-term holders, with BTC now approaching a historically significant resistance level near $99,900. The threshold, flagged as a potential zone for profit-taking, will test the market\u2019s ability to sustain upward pressure.<\/p>\n<p><strong>Don&#8217;t Miss:<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.benzinga.com\/go\/plus-500-crypto-in-content\">Trade crypto futures on Plus500 with up to $200 in bonuses<\/a> \u2014 no wallets, just price speculation and free paper trading to practice different strategies.<\/strong><\/li>\n<li><strong>New to trading crypto? <a href=\"http:\/\/coinbase-consumer.sjv.io\/m5ALXy\">Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade<\/a> on Coinbase.<\/strong><\/li>\n<\/ul>\n<p>Glassnode reports that long-term holders (LTHs), defined &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/25\/05\/45255426\/bitcoin-climbs-to-97k-as-on-chain-accumulation-surges\" alt=\"Bitcoin\" climbs to as on-chain accumulation surges>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) extended its rally Wednesday, rising 3.4% to $97,124 amid renewed investor confidence and mounting on-chain support. The cryptocurrency is now up 3.5% over the past week and 28% in the past month, reinforcing bullish momentum heading into the May Federal Reserve meeting. According to blockchain analytics firm Glassnode, accumulation is strengthening across both [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25609","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25609","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25609"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25609\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}