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news-imageNovember 29, 2024

Bitcoin Has Higher-Than-Usual Chances of Continuing Upward Move if This Happens, Says Analytics Firm Santiment

The crypto analytics firm Santiment says Bitcoin (BTC) is likely heading higher if one key trend continues. According to Santiment, if the Mean Dollar Invested Age (MDIA) metric keeps declining, the chances are high for Bitcoin to start surging again.
Publisher: The Daily Hodl
Sentiment: Positive
BTC

More News Articles

Positive
cover-imageThe Currency Analytics
November 29, 2024

Bitcoin Bull Run 2024: How to Time Your Investment Entry

The Bitcoin market has been on an impressive upward trajectory, surging over 35% in the last 30 days. On November 6, Bitcoin broke its previous all-time high of $73,000, and as of now, the price remains nearly 30.95% above its mid-March all-time high.

Positive
cover-imageBitcoin
November 29, 2024

Since September, 507,000 BTC Sold by Long-Term Holders, Glassnode Data Reveals

Bitcoin's price surge toward $100,000 has triggered record-breaking profit realization and intensified distribution activity among long-term holders, according to Glassnode and its researchers, Ukuria OC and Cryptovizart. Glassnode Insights: Bitcoin's Rally Reveals a Record $2 Billion in Daily Profits As bitcoin (BTC) prices edge closer to six figures, long-term holders are actively redistributing their holdings.

Positive
cover-imageCryptoGlobe
November 29, 2024

Bitcoin Whales Accumulated $1.5 Billion in BTC Amid Panic Selling

Bitcoin whales have been taking advantage of the flagship cryptocurrency's recent price dip to keep on accumulating BTC after short-term holders moved nearly $4 billion in the cryptocurrency to exchanges. According to CryptoQuant analyst Cauê Oliveira, Bitcoin whales took advantage of the “panic selling” to accumulate, with 16,000 BTC worth nearly $1.

Positive
cover-imageBitcoin
November 29, 2024

Bitcoin Technical Analysis: BTC Eyes 6-Digit Range Despite Resistance

In the last hour, bitcoin's price is coasting along between $97,865 to $98,580 on Nov. 29, 2024, after a bullish rally that pushed the market cap to $1.95 trillion. The cryptocurrency's technical indicators suggest a strong upward momentum across multiple timeframes, though significant resistance looms near the $100,000 mark.

Negative
cover-imageBenzinga
November 29, 2024

Peter Schiff: Bitcoin Reserve Is The 'Worst Monetary Mistake' US Could Make

In an interview at the New Orleans Investment Conference on Thursday, Peter Schiff, chief market strategist of Euro Pacific Asset Management, expressed skepticism about cryptocurrency while remaining bullish on gold. Speaking with Kitco News, Schiff maintained a positive outlook for gold prices, noting that the precious metal is in “uncharted territory” with “no resistance.

Neutral
cover-imageCryptopolitan
November 29, 2024

Swyftx lead analyst predicts altcoins will remain shaky until BTC hits $100,000

Pav Hundal, the lead analyst at Swyftx, believes altcoins remain in a cycle of massive gains and pullbacks until Bitcoin reaches the $100,000 level. The analyst also suggested that while several coins, including some memecoins, have been outperforming the top cryptocurrency, altcoins will remain shaky until BTC manages an ‘exuberant move' during the bull run.

Positive
cover-imageUToday
November 29, 2024

Bitcoin (BTC) Makes Final Push to $100,000

Bitcoin (BTC), the world's leading cryptocurrency, appears to have initiated a final push for the historic $100,000 level. Data shows that the BTC price has reclaimed $97,476.16, representing a 2.05% increase in the last 24 hours.

Negative
cover-imageBenzinga
November 29, 2024

Vladimir Putin Signs Bitcoin Mining, Crypto Taxation Law

Russian President Vladimir Putin has signed a law introducing taxation on income and expenses derived from digital currency mining, purchase and sale. What Happened: Published on the official legal information portal, the legislation recognizes digital currencies as property under the Tax Code and establishes a taxation framework to regulate crypto-related activities, according to Russian news agency Interfax.

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