On-chain: BTC Shows Signals of Bull Market in 2024

BTC Mayer Multiple

Bull Market in 2024? Recent on-chain indicators suggest that Bitcoin is not yet overvalued and could continue to rise next year. Bitcoin’s strong gains this week were met with resistance and a brief pause. After hitting a yearly …

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Bitcoin OI Surges: Why You Need to Watch Closely

Bitcoin Open Interest - All Exchanges, All Symbol

According to the latest data from Cryptoquant, open interest reached 9.902 billion last Wednesday, seemingly in line with the recent surge in the price of bitcoin (BTC). This was the first time such a figure had been reached …

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UN Report: Bitcoin & Mining Energy Connection

Bitcoin Mining / Wikipedia

Bitcoin & Mining Energy United Nations released a study that examines the relationship between the price of bitcoin and the energy consumption associated with bitcoin mining.   A summary is provided below: – United Nations Study: The United …

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Bitcoin vs. Tesla: Market Cap Surge Amid ETF Anticipation

btc tesla

Bitcoin vs. Tesla Bitcoin’s surge today has seen its market capitalization rise as well, giving it a run for its money with Tesla. On Tuesday, Bitcoin’s market capitalization even overtook Tesla’s. According to 8Marketcap, currently Bitcoin’s market capitalization …

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