Bitcoin is once again trading at a critical juncture after a sharp Monday rally pushed the price above the $114,000 level. The surge comes as bulls attempt to counteract days of persistent selling pressure, with momentum beginning to tilt back in their favor. This move marks a potential turning point in the market, signaling that…
It has been an unpredictable few months for the price of Bitcoin and the cryptocurrency market since the start of the year, and even as far back as the election of Donald Trump for his second term as US president. According to data from CoinGecko, the premier cryptocurrency is down by a little over 2%…
On-chain data shows the Bitcoin short-term holders have only been taking minimal profits recently despite the asset’s latest rally. Bitcoin Short-Term Holder SOPR Is Currently At Relatively Low Levels As pointed out by an analyst in a CryptoQuant Quicktake post, the short-term holder SOPR is still under the range that has signaled overheated conditions for…
