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Memecoins on a Tear, Outperforming Bitcoin
New Crypto Watch data shows memecoins like on dogecoin (DOGE) and shiba inu (SHIB) are outperforming bitcoin (BTC). Plus, meme stocks like Bed Bath & Beyond are also surging. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.
Investors Bet on Ethereum Fork While BTC, Ether Slide
Bitcoin (BTC) and ether (ETH) were trading lower Tuesday as investors and analysts focused on the upcoming Ethereum merge and awaited the release of U.S. consumer price data on Wednesday. BTC may be decoupling from traditional markets amid optimism stemming from Ethereum's impending merge. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Briefly Passes $24K for First Time in August
Bitcoin briefly broke the $24,000 mark on Monday after a positive weekend of trading. The uptick in BTC's price was not accompanied by strong volume as has often been the case in previous rallies. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
What to Make of Bitcoin's Latest Rally
Bitcoin rallied coming off extremely oversold conditions, according to data analytics firm Glassnode. Is it a bear market relief rally or the start of a sustained bullish charge? Plus, insights into movement on bitcoin's active addresses and block size as "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Arcane Research: Decline in WBTC Likely Related to Celsius Loan Payment
Glassnode data shows the number of wrapped bitcoin (WBTC) declined to around 236,000, the lowest level since bitcoin (BTC) hit all-time highs in late 2021. According to Arcane Research, the drop could be related to Celsius repaying a WBTC loan as the troubled lender filed for bankruptcy. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Coin Metrics’ Blockchain Heat Map Shows When Bitcoin is Most Active
Bitcoin is the most active during European/U.S. business hours, according to Coin Metrics’ ATLAS blockchain heat map. The percentage of bitcoin activity in Asia/Pacific hours dropped around July 2021, which could be a result of China's mining ban. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Heads for Best Weekly Performance Since March
Bitcoin (BTC) is heading toward a 12% weekly gain, its best weekly performance since March. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin's Transaction Volume Slowing Down After June Dip Buys
New data from Santiment reveals bitcoin (BTC) transaction volume is beginning to normalize after a big month of buying and selling. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
New Metric Identifies Potential BTC Bottom
The Bitcoin Energy Gravity Model tracks the relationship between bitcoin's price and its cost of production, which could lead to some insights on when it's overbought or bottoming out. ""All About Bitcoin"" host Christine Lee breaks down the Chart of the Day.
Bitcoin Erases Weekly Loss, Eyes Resistance at $22.6K
Bitcoin (BTC) continues to gain ground, reaching a breakeven for the week with a focus now on the resistance level of $22,600. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.