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First Mover Americas: Bitcoin Jumps to $26.5K as Trading Volume Increases
The latest price moves in crypto markets in context for August 24, 2023.
Coindesk·2023/08/24 04:30
SOL, ADA Lead Crypto Majors' Gains as Bitcoin Traders Move Past $1B Liquidation Event
Both tokens rose 3%, bitcoin and ether added as much as 1.2% and bnb (BNB) rallied 1% after staving off concerns about contagion risks in the BNB Chain ecosystem.
Coindesk·2023/08/24 00:44
Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains
Despite today’s market-wide advance, the outlook for risk assets is pointing to softer prices for the next few weeks, one observer noted.
Coindesk·2023/08/23 13:31
VIPNoteworthy Bitcoin-themed memecoinsBitget·2023/08/23 06:00
VIPLeading Projects in the LSDfi (Liquidity Staking Derivative Finance) EcosystemBitget·2023/08/16 06:00
VIPTelegram bot sector recommendationsBitget·2023/08/09 06:00
VIPLSD (Liquid Staking Derivative) Top ProjectsBitget·2023/08/02 06:00
VIPLeading projects in the RWA (Real-World Assets) ecosystemBitget·2023/07/26 06:00
Bitcoin gets $28K ‘plunge protection’ with BTC price due new volatility
Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
Cointelegraph·2023/07/26 05:04
Bitcoin Whale Moves $37M BTC After 11 Years of Dormancy
The movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity.
Coindesk·2023/07/26 01:41
Flash
- 01:38295 million MELANIA suspected to be sold by the Melania team 7 hours ago, obtaining 9,009 SOLPANews April 19 report: According to on-chain analyst Ember's monitoring, 7 hours ago, an additional 2.95 million MELANIA were sold by the project team in the form of adding unilateral liquidity, resulting in 9,009 SOL ($1.2 million). In the past 3 days, the MELANIA team transferred 7.643 million $MELANIA ($3.21 million) from liquidity and community addresses, and then added it to MELANIA/SOL unilateral liquidity on Meteora, selling MELANIA within a set range in exchange for SOL. Among them, 2.95 million MELANIA were sold 7 hours ago in exchange for 9,009 SOL. Currently, in the past month, the project team has accumulated 110,000 SOL ($14.75 million) by selling 23.45 million MELANIA.
- 01:37Analyst: The Group Holding Coins for 3-6 Months Has Recently Transferred About 170,000 BTC, Potentially Triggering Price VolatilityOdaily reports that analyst Mignolet published an article on CryptoQuant's blog platform, Quicktake, warning of impending volatility in the Bitcoin market. Mignolet disclosed data showing that approximately 170,000 BTC are being transferred from the group holding for 3 to 6 months. The actions of these short-term holders may lead to the current calm BTC price not lasting for long, indicating a significant market fluctuation is imminent. In contrast, long-term holders are moving only about 529 BTC daily, highlighting short-term fear or profit-taking while long-term confidence remains intact.
- 01:37Bitcoin Whales Still in a Strong Accumulation Zone, Falling Wedge Breakout Hints at Potential Bullish ReversalOdaily reports that crypto analyst Scott Melker stated on the X platform that Bitcoin has broken out of a falling wedge pattern that lasted for months, hinting at a potential bullish reversal. The $88,800 range could be a key resistance level for reversing the market structure. If it cannot be breached, the bulls may struggle to maintain strong momentum. Additionally, Bitcoin whales remain in a strong accumulation zone, with large holders (whales and sharks) currently holding between 100-1,000 or more Bitcoins rapidly absorbing Bitcoin. The absorption by this group has exceeded 300% of the annual issuance of Bitcoin. Meanwhile, Bitcoin holdings on exchanges continue to decrease, and the yearly absorption rate has fallen to -200%, indicating that investors are more inclined to hold long-term or self-custody. (Note: The yearly absorption rate compares the balance of Bitcoin on exchanges with the Bitcoin mining output for the same period.)