1121 days ago
Bitcoin is back on top!
Volatility makes everything go nuts. Bitcoin rallied to $55,000, which is a 28% surge after a 26% price fall, all of this within 20 trading days.
1121 days ago
Litecoin long term holders sold 1.82 M LTC to gain from recent surge
Glassnode says, ''The Litecoin Hodled (lost coins) metric provides a view on the overall LTC supply that is deemed to be dormant, lost or in cold storage. Around October 2020, this metric peaked with just over 20M LTC fitting this classification (~30% of circulating supply). This was similar to the peaks achieved back in 2016 although at that time, 20M coins represented a larger share of circulating supply (40-45%). Since October 2020, coincident with CDD trending higher, we have seen 1.82M LTC spent by long term hodlers as market price has rallied from around $50 to the recent local high around $227. This suggests LTHs have taken profits into market strength.''
1122 days ago
Data shows Bitcoin Long Term Holders don't rush for exits.
According to Glassnode, '' The chart above shows that LTHs did indeed commence spending their coins in the period from October 2020 through to 8 January 2021 (CDD trending higher). However, since 8 January, LTHs have slowed this distribution behaviour. Both the 7-day and 30-day moving averages of CDD have returned to levels that are elevated, but not uncommon for early bull markets and even bear markets. This metric indicates that similar to miners, LTHs are taking profits, but are certainly not rushing for the exits.''
1122 days ago
Bitcoin at $54k - breaks out from 2-week consolidation - $60k coming soon?
BTC/USD has taken out resistance near $51,7000 - potentially setting up another run at record highs and $60k.
1123 days ago
EUR/USD back under 1.19
The major pair EUR/USD when back below 1.19 after having breached the critical 1.1211 level. Rise of US yields, boosting the dollar, was the main reason for this downslope motion. The dollar was further supported with the new coronavirus relief package and the growing effort for vaccines, with the US population expecting to administer it to 50% of their population by late May.
