According to Ju, an expert from CryptoQuant, Bitcoin’s bull market has resumed. His Bitcoin bull-bear market cycle indicator, which tracks investor sentiment, recently shifted back to bullish after a short period of bearishness.
Ju reports that most on-chain cyclical indicators, which had been near the border between bull and bear market conditions, have now returned to bullish signals. Bitcoin experienced a brief discount lasting just three days.
Ju maintains that the bull market is intact based on the current data. However, he notes that a lack of recovery within the next two weeks could prompt a reassessment of his position. He suggests that if the market does not rebound as expected, it may indicate that new investors, or 'whales', have misjudged the market or the broader economic environment.
Recently, Ju highlighted that 404,448 Bitcoin had been moved to permanent holder addresses over the past month. This movement suggests significant accumulation by investors.
Ju anticipates that within the next year, various entities such as financial institutions, companies, or governments will publicly announce their Bitcoin acquisitions from Q3 2024. He believes that retail investors who delay buying may regret their decision, especially considering past events like the German government's actions, the Mt. Gox incident, or other macroeconomic factors.
Residents near Granbury, Texas, are protesting Constellation Energy's plan to build a new power plant due to ongoing noise pollution and health issues from Marathon Digital’s nearby Bitcoin mine. The proposed power plant expansion would significantly increase air pollution, exacerbating local concerns about environmental and health impacts.
AnaisCryptoQuant analysis shows that Bitcoin's trend is decoupled from gold, investors seem to favor gold, and cryptocurrencies continue to be in a bearish phase.
WeiliangBitcoin has been legal tender in El Salvador for three years, but many consumers are still reluctant to use it. What’s next?
SanyaOn-chain analyst Embers monitored and found that a whale address withdrew 1,000 bitcoins from Binance, equivalent to approximately US$55.02 million.
MiyukiEllipX will comply with the EU’s MiCA regulations, with plans to add fiat services and offer fee cuts for former Mt. Gox users.
Cheng YuanFor the first time ever, a Scottish court seized Bitcoin from the “technical brains” behind a robbery where a woman was beaten with a Toblerone.This case highlights the evolving nature of criminal activity involving digital currencies, marking a legal milestone in Scotland's approach to cryptocurrency crime.
Cheng YuanBitcoin might face pressure with $15 billion worth of Bitcoin from Mt. Gox and the US government potentially entering the market. Recent trends suggest minimal impact, but September's historically weak performance could continue.
Huang BoA US cryptocurrency ban could lead to market crashes, privacy coin delistings, and increased underground trading. It might also prompt CBDC adoption and regional market fragmentation. Historical parallels show potential volatility.
EdmundPavel Durov's legal issues raise concerns about potential disruptions in the crypto market, particularly for Toncoin. Despite these challenges, the broader cryptocurrency market shows resilience, with key assets like Bitcoin and Ethereum maintaining stability.
EdmundAccording to data from SMR Nuclear, nuclear energy plants produce 441,398,880 megawatt-hours of energy throughout their lifetimes.，This will greatly reduce the energy consumption of Bitcoin mining
SanyaDespite offering a $4.5 billion stake in Binance as collateral, the judge turned down Zhao's plea, marking another setback for the cryptocurrency exchange mogul.
AlexSu Zhu, co-founder of the collapsed Three Arrows Capital, labels his prison time as "enjoyable" and shifts focus to a cryptic exchange, OPNX, linked to Hong Kong. The unusual prison revelation and OPNX's connection to the regulatory landscape in Hong Kong add a unique twist to Zhu's crypto journey.
JoyChinese investors, facing economic uncertainty, are turning to cryptocurrencies and overseas markets, with a surge in crypto activity despite regulatory bans. The growing interest signals a notable shift in investment strategies and a potential boom in China's overseas investment landscape.
JoyScorpion Casino disrupts the crypto scene with a staggering $3.4M presale success, challenging Dogecoin and PulseChain's surges. This clickbait-worthy article explores the remarkable rise of Scorpion Casino, from its financial prowess to a potential industry revolution.ble, setting a new standard for future presales.
JoyTiger Trade, backed by UP Fintech, pioneers cryptocurrency trading in Hong Kong, offering a unified platform for traditional and crypto assets, enhancing the trading experience for investors. This strategic move reflects UP Fintech's commitment to staying at the forefront of the evolving financial landscape.
JoyK-pop stars in South Korea are tackling ticket scalping with innovative approaches. From selling concert tickets as non-fungible tokens on the blockchain to fan-driven solutions, artists are actively combating the issue to create a fair and secure concert experience for genuine fans.
JoyAlexALT token records a massive 5,380% surge on Binance, reflecting strong market confidence post a successful farming schedule and strategic airdrop.
AnaisSolana's DeFi aggregator Jupiter is set to launch the meme coin WEN, with a significant portion distributed to over a million eligible wallets.
Brian2023 sees a significant decline in cryptocurrency thefts, with DeFi platforms breathing a sigh of relief. Chainalysis's report sheds light on improved security measures and a quieter DeFi landscape. Yet, the future holds questions, as a potential revival in DeFi activities might reignite cybercriminal interests.
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