Bitcoin News

A recent analysis from cryptocurrency research firm Alphractal suggests that Bitcoin’s Long-Term Holders (LTHs) may soon begin a significant sell-off, based on shifts observed in key on-chain metrics.

Bitcoin’s value has dropped by 7% over the past week, reflecting a concerning lack of momentum in the market.

Bitcoin has been a trending topic among traditional investors these past few years as many big corporations are beginning to warm up to the idea of cryptocurrency.

MicroStrategy, the business intelligence giant led by Michael Saylor, continues to reinforce its position as a major institutional Bitcoin holder.

Last week Bitcoin experienced its most significant weekly price drop since August, with a 15% correction.

Speculation about Jeff Bezos’ rumored $600 million wedding budget has stirred discussions online, even prompting a suggestion from Bitcoin advocate Michael Saylor.

The analysts behind Glassnode have expressed concern that the recent downturn in the crypto market could derail any momentum for altcoins.