Confirmed Bitcoin payments hit yearly low due to holiday illiquidity
Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.
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Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.
Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.
Bitcoin could see another week of correction before it manages to recover above $100,000, based on historical chart patterns.
An interest rate cut by the Federal Reserve could help Bitcoin finish the year at “record-breaking levels,” according to Bitfinex’s head of derivatives.
Bitcoin’s historic $100,000 milestone comes despite sluggish momentum in oil, gold and the S&P 500 index.
Based on its correlation with the liquidity index, Bitcoin may reach a local peak of above $110,000 by January.
Bitcoin could rise to the $110,000 mark if it manages to breach $98,000, resulting in more buyer demand for the world’s first cryptocurrency.
Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.
Bitcoin’s record monthly gains come eight days before the end of November — historically the most bullish month for Bitcoin returns.
The analyst’s predictions come shortly after Bitcoin staged the best weekly return since the 2023 US banking crisis.
