The king coin beat other cryptocurrencies per digital asset investments in the past week. Despite hitting $23,000 on-chain data suggested that there could be a further BTC uptick. Following a week full of swings and a weekend of greens, Bitcoin [BTC] dominated other assets per the crypto fund inflow, CoinShares revealed on 23 January. According […]
. According to the largest digital investment group in Europe, inflows in the region were extremely bullish. On the other hand, the United States subsided in pumping liquidity into available investment products.Notably, the inflow from last week was worth $37 million, with most of it going into Bitcoin short-investment products. While long-term Bitcoin investment products accounted for $5.7 million, short-period ones were as high as $25.5 million, with Switzerland and Germany leading the charge.
CryptoQuant’s data, coupled with Cauconomy’s opinion, showed that the Puell Multiple was only approaching the initial stage of the . This negated the circulating enthusiasm about the market being fully bullish. The analyst also urged caution, noting that more price action would be required to confirm the situation.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin’s RPV ratio reveals if BTC bull run is in jeopardy?RPV ratio suggests a decrease in enthusiasm for the Bitcoin bull run. Trader sentiment remains positive and volume, velocity, and exchange reserves all show market strength. According to data provided by glassnode, Bitcoin‘s RPV, or Profits-to-Value Ratio, declined significantly over the last few days. This ratio compares profit-taking in the market against the network valuation […]
Read more »
![Analyzing retail investors’ growing faith in Bitcoin [BTC] as prices soar](https://i.headtopics.com/images/2023/1/24/cryptoamb/analyzing-retail-investors-growing-faith-in-bitcoi-analyzing-retail-investors-growing-faith-in-bitcoi-1617878640775004161.webp?w=640)
Analyzing retail investors’ growing faith in Bitcoin [BTC] as prices soarRetail investors’ interest in Bitcoin increased. Increase in profitability and potential for increased selling pressure for BTC. Since the Terra Luna [LUNC] collapse, the number of Bitcoin [BTC] retail investors continued to rise and stood at 17.1% of the total circulating supply at press time, according to Glassnode. Read Bitcoin’s [BTC] Price Prediction 2023-2024 This […]
Read more »
Bitcoin: As January comes to an end, here’s what you should expect next monthBTC’s MVRV rests above 1, indicating that the market might have entered a bullish mid-term stage. Open Interest has been on a steady increase since the year started. The recent rally in Bitcoin’s [BTC] price in the last few weeks led to a sharp increase in the coin’s market-value-to-realized-value ratio (MVRV), which according to CryptoQuant […]
Read more »
Bitcoin holders are avoiding leverage in the latest rally, here’s whyLow demand for leverage gives insights into the current Bitcoin investor psychology. BTC enjoys demand in the derivatives market courtesy of a strong recovery in open interest. Glassnode alerts just revealed that the amount of HODLed or lost Bitcoin is now at a 5-year high. This reflects the positive price action that the cryptocurrency has […]
Read more »
Argo Blockchain’s shares rise by this number as it regains Nasdaq listingThe shares of U.K.-based Bitcoin mining company Argo Blockchain rose as the company gained listing compliance with Nasdaq. Since its 0.38 low on December 16, the miner’s stock has rose by 400% to $2.03. The shares of Bitcoin [BTC] mining company Argo Blockchain rose as much as 18% on 23 January after the company regained […]
Read more »
Cumulus Data takes U.S. Bitcoin mining nuclearCumulus Data will begin offering nuclear-powered Bitcoin mining at the Cumulus Susquehanna data center in Pennsylvania by the end of the first quarter of 2023.
Read more »