Friday, May 9, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Drink-to-earn? A new sparkling water comes with an NFT and points

    Drink-to-earn? A new sparkling water comes with an NFT and points

    Cobie says UpOnly will return if someone buys this $20M NFT

    Cobie says UpOnly will return if someone buys this $20M NFT

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

  • Gaming
    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How to Build a Web3 dApp: Step-by-Step Guide

    How to Build a Web3 dApp: Step-by-Step Guide

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

    What Is a Layer-0 Blockchain Protocol?

    What They Are and What They Are For

    What They Are and What They Are For

    What It is & Why it Matters

    What It is & Why it Matters

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    What Is a Stablecoin? Meaning, Definition, Types & More

    What Is a Stablecoin? Meaning, Definition, Types & More

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    The Main Differences Between Crypto Exchanges

    The Main Differences Between Crypto Exchanges

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Drink-to-earn? A new sparkling water comes with an NFT and points

    Drink-to-earn? A new sparkling water comes with an NFT and points

    Cobie says UpOnly will return if someone buys this $20M NFT

    Cobie says UpOnly will return if someone buys this $20M NFT

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

  • Gaming
    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How to Build a Web3 dApp: Step-by-Step Guide

    How to Build a Web3 dApp: Step-by-Step Guide

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

    What Is a Layer-0 Blockchain Protocol?

    What They Are and What They Are For

    What They Are and What They Are For

    What It is & Why it Matters

    What It is & Why it Matters

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    What Is a Stablecoin? Meaning, Definition, Types & More

    What Is a Stablecoin? Meaning, Definition, Types & More

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    The Main Differences Between Crypto Exchanges

    The Main Differences Between Crypto Exchanges

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Bitcoin: LTH, miners show confidence in the king coin

October 24, 2023
in Bitcoin
0
Bitcoin: LTH, miners show confidence in the king coin
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

  • BTC was up by more than 10% in just the last 24 hours. 
  • Metrics showed that investors continued to accumulate more BTC. 

Bitcoin [BTC], being the top crypto, has been leading the latest bull rally by registering the highest gains among the top cryptos. It was interesting to note that even before the recent bull rally, long-term investors had immense confidence in BTC. 

Many first-generation blockchains, such as Bitcoin, use UTXOs to account for users’ funds. Based on the UTXOs, we can see how long holders hold on to their funds before spending them.
Learn More🔗 https://t.co/TqseTKshEu pic.twitter.com/FIextpBl4F

— IntoTheBlock (@intotheblock) October 23, 2023


Read Bitcoin’s [BTC] Price Prediction 2023-24

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice


This was evident from the latest data, which showed that the percentage of supply held for more than five years has been on the rise for multiple years.

Bitcoin long-term holders’ confidence is paying off

Long-term investors’ confidence in BTC was further proven by Satoshi Club’s tweet, which revealed an intriguing development. As per the data provided by IntoTheBlock, 80% of Bitcoin was owned by long-term investors, which reached new highs in October.

📈 80% of Bitcoin is owned by long-term investors, reaching new highs in October.

⛏️ The upcoming #Bitcoin halving will further reduce inflation, making $BTC even more scarce, according to @intotheblock. pic.twitter.com/Gvf2wE1wwB

— Satoshi Club (@esatoshiclub) October 23, 2023

A possible reason for this increased holding could be the upcoming halving in 2024. This seems to be the case as, post-halving, BTC will become scarcer as fewer coins will be produced.

See also  How Bitcoin grabbed $1.9B of $2B weekly crypto inflows

In addition, long-term holders’ confidence in the king coin was finally paying off, as BTC rallied substantially over the last few days.

Notably, over the last 24 hours, BTC’s price spiked by more than 10%. At the time of writing, it was trading at $33,737.90 with a market capitalization of over $659 billion. As per metrics, investors still continued to stockpile more BTC as its exchange reserve was declining.

As per CryptoQuant, investors in the derivatives market were also following a similar trend of accumulation, which was evident from its green Funding Rate and Taker Buy-Sell Ratio.

Source: CryptoQuant

Thanks to the price uptick, sentiment around BTC has also turned in the buyers’ favor. LunarCrush’s data clearly revealed that BTC’s social engagement spiked by over 144% in just the last 24 hours. Bullish sentiment around the coin also went up by 40%.

Another bullish metric was BTC’s Altrank, which improved over the last day.


Is your portfolio green? Check out the BTC Profit Calculator


Miners are also in a promising state

Like LTHs, miners were also enjoying profits in recent days, which was quite evident from Glassnode’s data. 

A look at the chart revealed that miners’ balance shot up last week. However, it must also be noted that during the last 24 hours, when BTC’s price pumped further, miners’ balances registered a drop. This meant that miners had started to sell their assets at a profit. 

Source: Glassnode

Tags: BitcoinCoinConfidenceKingLTHMinersShow

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
DYdX Trading ships open-source code for version 4 of its Cosmos-based DEX

DYdX Trading ships open-source code for version 4 of its Cosmos-based DEX

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

FLOKI worth $2.4 trillion staked in 3 months: What’s going on?

FLOKI worth $2.4 trillion staked in 3 months: What’s going on?

January 15, 2024
Ubisoft Halts Twitter Ads, Joining IBM, Apple, Disney, Warner Bros.

Ubisoft Halts Twitter Ads, Joining IBM, Apple, Disney, Warner Bros.

November 21, 2023
Why Bitcoin bears can’t hamper BTC’s movement

Are Bitcoin Ordinals’ BRC-20 tokens finally back on track?

November 17, 2023
Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally

Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally

May 17, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Ethereum surges 20%, hits most undervalued BTC ratio since 2019
  • Ethereum Jumps To $2K Amid Market Surge, This Level Is Next
  • Can Ethereum outperform Bitcoin like in 2019? – THIS ratio says yes, but…

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.