Author: Yeek.io

The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indecisiveness in its movement. Since the premier cryptocurrency lost its hold above $90,000, investors have wondered whether the ongoing correction is a “buy the dip” opportunity or the market top is in. While there is no surefire way to put these doubts away, on-chain data can provide relevant insights into what is to come. The latest on-chain data suggests the highlighted level below is the one to watch before investors return to the market. Level To Watch Before ‘Buying The Dip’ In…

Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction.Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows.Bitcoin number of active addresses. Source: GlassnodeThe surge in active addresses may signal a “capitulation moment” for the crypto market, according to crypto intelligence platform IntoTheBlock. The firm noted in a Feb. 28 post on X:“Historically, spikes in on-chain activity have often coincided with market peaks and…

XRP is exhibiting strong relative strength against Ethereum. Does its current price action reflect accumulation, signaling a potential breakout? Despite a bearish February, Ripple [XRP] has sustained a strong bullish structure on the 1D chart. It is trading over 300% above its Election Day opening price and holding key support above $2. While a reclaim of $3 remains distant, XRP’s 3.63% gain in the last 24 hours, alongside Bitcoin’s consolidation around $85K, suggests resilient demand.  In contrast, Ethereum [ETH] has erased all post-election gains, breaching the $2,400 support and now trading 8% lower. With analysts projecting a 25% upside in…

A Binance spokesperson has clarified that rumors suggesting that the company was dumping some of its crypto holdings, including Ethereum and Solana, are simply untrue. These rumors started doing the rounds on social media almost immediately after the Bybit hack. Speculations suggested that large crypto firms, including Binance, caused the recent market sell-off by aggressively selling and reducing the size of their holdings. They are misunderstanding what Binance does as an exchange, which is we simply help users match trades – Binance Binance’s clarification could be one of the reasons we’ve seen the market recover over the weekend. There are…

Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction.Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows.Bitcoin number of active addresses. Source: GlassnodeThe surge in active addresses may signal a “capitulation moment” for the crypto market, according to crypto intelligence platform IntoTheBlock. The firm noted in a Feb. 28 post on X:“Historically, spikes in on-chain activity have often coincided with market peaks and…

The crypto industry has had a memorable month in February, with major policy changes on the horizon and growing Bitcoin adoption globally.A new report this month shows that the Bitcoin network is decentralizing apace. Public companies now account for 35% of global hashrate, and China’s dominance in hashrate has decreased to 14%.In the US, the crypto industry is seeing significant progress on the legal front as the Securities and Exchange Commission (SEC) dropped or paused five major legal proceedings against crypto-related entities. Not everything is a bed of roses. This month saw the largest exchange hack of all time, with North…

Bitcoin (BTC) price dropped 21.3% between Feb. 21 and Feb. 28, retesting the $78,300 level for the first time since November 2024. The correction led to over $1.6 billion in leveraged long (buy) liquidations, adding to market volatility as exchanges forcefully sold contracts. The $21,210 decline marked the largest seven-day drop in Bitcoin’s history.Despite the pullback, several Bitcoin analysts see this as a strong buying opportunity. They cite factors such as regulatory developments, sovereign fund exposure, onchain and technical signals, and increasing integration with traditional finance, including bank adoption as collateral and structured product offerings.Source: Obviously_ObvUser Obviously_Obv, reportedly a Web3…

RUNE, the native token of the THORChain protocol, remains under significant bearish pressure following a 9.09% price decline in the last week. According to crypto analyst Ali Martinez, RUNE is likely far from a market recovery following a bearish flag pattern on its trading chart. RUNE Chart Hints At Major Sell-Off Ahead – Details In technical analysis, a bearish flag is a continuation pattern formed after a significant downtrend, followed by a period of consolidation, before another leg downward. This pattern is characterized by parallel or slightly supporting ascending levels thereby giving the shape of a flag. Based on an…

Choosing the best crypto exchange in New Zealand can shape your entire journey into digital assets, whether you are buying Bitcoin for the first time or trading a broad range of cryptocurrencies. Although many exchanges accept New Zealand dollars or support multiple payment methods, they differ in fees, security measures, and local regulations. Understanding which platform meets your needs is essential for protecting your funds and trading effectively.Here, we’ll dig into the best crypto exchanges available in NZ, so you can find the right one for your needs. We’re going to look at their pros and cons, along with a…

BONK short-term holders were at a massive loss due to the relentless downtrend A recovery was not in sight, and leading memes needed to lead the sector’s recovery The memecoin market has performed abysmally in the past month, and Bonk [BONK] was in a steady downtrend. Data from the crypto data platform Artemis showed that a sector performance in crypto over the past month placed memes as some of the worst performers. Source: Artemis The memes have seen a 41% drop in the fully diluted market capitalization. The average performance in the past month was -30.2%, and Bitcoin [BTC] was…