Altcoin News by Thebittimes.Com

With Bitcoin (BTC) soaring above the $60,000 mark, a majority of market interest is focused on the maiden crypto holding gains above this level in search of a new record. In this regard, crypto trading expert TradingShot , in a TradingView post on July 16, pointed out that Bitcoin needs to clear specific levels to validate its long-term bullish momentum. In identifying the next crucial target , the expert acknowledged that Bitcoin recently broke above its 50-day  moving average (1D MA50), marking the first time it has done so in over a month since June 18. Picks for you Gold set to hit highest closing price ever 4 mins ago Dennis Rodman’s net worth 2024: How rich is the former NBA star? 46 mins ago ...

A recent survey conducted by Binance Research and Binance VIP & Institutional provides insights into the thoughts and preferences of institutional investors in the cryptocurrency market. The Institutional Crypto Outlook Survey gathered responses from 208 Binance institutional clients and VIP users, offering information about their attitudes, preferences, adoption, and motivations regarding cryptocurrency investments. Find all the details of the survey here ️https://t.co/MepebgEUTI — Binance (@binance) June 30, 2023 The survey reveals that 63.5% of respondents are optimistic about the crypto market in the next 12 months. Additionally, 88.0% have a positive outlook for the next decade, indicating their long-term confidence in crypto. Regarding portfolio allocation, 47.1% of institutional investors maintained their crypto holdings over the past year, while 35.6% increased their allocation. Looking ahead, 50% of respondents plan to increase their allocation in the next 12 m...

The crypto -verse has existed for over a decade now. During this course, the market has faced multiple bear markets. The ongoing one, however, seemed to be more detrimental than the others. Precisely about a year ago, Bitcoin hit an all-time high of $69K. Now, the asset was seen recovering after plummeting to a two-year low. Amidst this, the holders of the king coin were the ones suffering severely. It was brought to light that for the very first time since March 2020, more than 50 percent of Bitcoin holders were at loss. At present, the percentage of holders under loss was at 52 percent. It should be noted that back in 2018, this number was 55 percent. If Bitcoin continues to experience a drawdown, the percentage of holders at loss could beat its 2015 numbers as well. Back in 2015, the number of holders losing value on their Bitcoin reached 62 percent. Source Bitcoin’s long-term holders , however, were reportedly experiencing increased financial stress. This was due to ...