Galaxy Digital CEO Michael Novogratz says he doesn’t believe the price of bitcoin will fall back down to the $ 50K-$ 55K level. “I think that’s the new floor unless something dramatic happens,” he described. “This has been a wild ride of an asset,” he added, noting that we’re in price discovery mode …
In the last week, markets for non-fungible tokens (NFTs) minted on top of Bitcoin have generated approximately $ 425.63 million in sales. The leading ten NFT collections over the seven-day period all originate from the Bitcoin blockchain. Several collections of Ordinal inscriptions based on Bitcoin are witnessing substantial trading volumes, establishing strong baseline values …
On November 21, 2023, the popular onchain analyst Willy Woo presented a detailed chart showcasing the cost basis density map of bitcoin. This analysis delves into BTC’s pricing history and transactional data, pinpointing critical areas of price stabilization and potential zones of support. In discussing the chart, Woo remarked that if the current pattern continues […]
Bitcoin marginally rebounded on Wednesday, after the cryptocurrency collided with a key support point in yesterday’s session. Markets have consolidated Tuesday’s losses, with the global crypto market cap up 0.7% as of writing this. Ethereum remained under the $ 1,700 level. Bitcoin Bitcoin (BTC) climbed marginally higher on Wednesday after the price bounced off …
Ethereum continued to trade around a key price floor of $ 1,630 on Thursday, as price uncertainty in the market remained high. Volatility has slowed in recent days, leading to crypto prices mostly trending sideways. Bitcoin fell below a support point of its own earlier in today’s session. Bitcoin Bitcoin was trading marginally lower …