Bitcoin's network activity, measured by active addresses, has fallen to levels last seen during the 2018–2019 bear market, with 30-day and 100-day averages hitting lows similar to those periods. However, historical data shows that low active address counts alone do not reliably predict Bitcoin price bottoms or reversals. Recently, Bitcoin's price hit a local low in June 2026, followed by a rise in network activity, suggesting a potential recovery phase. While this joint recovery of price and activity is promising, it is not a definitive buy signal but rather an indicator to watch alongside other factors.
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
Grayscale Research reveals that while Bitcoin miners earn about $35 million daily in total compared to Zcash's $2 million, Zcash mining rigs generate roughly twice the daily revenue of Bitcoin rigs. Additionally, Zcash mining is about four times more...
Cryptocurrency prices exhibit mixed changes, with Bitcoin holding around $77,279 and Ethereum rising 2.7% to $2,527.92. Other altcoins like Solana and Litecoin also show gains, while some tokens experience declines. This varied performance reflects o...
Binance's bitcoin reserves have risen to over 693,000 BTC, the highest in two years and about 30% of all major exchange reserves. This increase of roughly 77,000 BTC since April raises potential sell-side pressure as Bitcoin faces a strong resistance...
Ether surged 8.3% to over $2,600 on September 11 after more than $255 million in short positions were liquidated within 24 hours, with $188 million wiped out in just one hour. This massive short squeeze was triggered by hotter-than-expected US inflat...
