Bitcoin Recovers Back To $57,000: Here’s What Could Be Behind This
Submitted by Anonymous (not verified) on Wed, 09/11/2024 - 03:50Bitcoin has surged in the last 24 hours with its price recovering back to $57,000.
Bitcoin has surged in the last 24 hours with its price recovering back to $57,000.
Data shows Chainlink has been seeing many social media discussions recently, which may be bullish for its price.
On-chain data shows that the Bitcoin Mining Hashrate has just set a new all-time high (ATH) despite the asset’s bearish trajectory.
Ethereum has witnessed a drop towards the $2,350 level as on-chain data reveals the whales have been making large exchange inflows recently.
An analytics firm has revealed that three altcoins have been seeing bearish bets on Binance, which may help fuel rebounds.
On-chain data shows the Bitcoin long-term and short-term holder ratio is forming a pattern that has often led to bear market transitions.
On-chain data shows Ethereum has notably outpaced Bitcoin in terms of adoption during the last three months, a sign that could be positive for ETH.
Data shows that Bitcoin sentiment is almost in the extreme fear zone. Here’s what this could mean for the asset’s price.
On-chain data shows the Bitcoin Hashrate has slumped back down recently as the cryptocurrency’s price has continued in a bearish trajectory.
Data shows Bitcoin users on the Coinbase exchange have been selling recently, a potential reason behind BTC’s drop under $58,000.
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