Altcoin News by Thebittimes.Com

Bitcoin has delivered gains that "set the foundation for a resumption of the 2023 uptrend," says the latest BTC price analysis from Glassnode. Bitcoin (BTC) is due to finish 2023 as it started, on-chain analytics firm Glassnode says as October gains near 30%. In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, research ers argued that the past week “sets the foundation” for a BTC price uptrend . BTC price "convincingly" beats out resistance levels As it hit $35,200 this week, Bitcoin eclipsed various key trendlines, which had previously acted as support for months. These included various moving averages (MA), among them the 200-week simple MA at $28,400 — the classic “bear market” support line. “A cluster of long-term simple moving averages of price are located around $28k, and have provided market resistance through September and October,” Glassnode noted. “After a month of the market grinding higher, the bulls found sufficient...

Blockchain intelligence platform TRM Labs revealed that Tether (USDT) on the Tron network was being used for most of the transactions. Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of crypto currency by ISIS affiliates across Asia. It linked on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria. Published on July 21, the report indicated that there was “ mounting on-chain evidence” from the past twelve months that pro-ISIS networks in Tajikistan, Indonesia and Afghanistan have utilized crypto currency to help facilitate operations. According to TRM, the majority of transactions linked with the cases involved the use of Tether (USDT) on the Tron network (TRX). Extract from 'TRM Finds Mounting Evidence of Crypto Use by ISIS and its Supporters in Asia' report. Source: TRM Labs On July 21, Cointelegraph covered a presentation by Tara Annison, Elliptic’s former head of t...

The JPMorgan report is based on a study of cash transfers from banks to crypto accounts for over 5 million customers. Around 13% of the American population — or 43 million people — have held crypto currency at some point in their lives, new Research from JPMorgan Chase has revealed. According to a Dec. 13 report titled: "The Dynamics and Demographics of U.S. Household Crypto-Asset Use,” this number has risen dramatically since before 2020 when the figure was only around 3%. The latest data from JPMorgan comes from analyzing checking account transfers from a sample of over 5 million customers. It found that 600,000 customers in this sample group transferred cash to crypto accounts at some point during the 2020-2022 time period. The study also noted that cryptocurrency holders typically made their first crypto purchases during spikes in crypto prices. During this time, the amount of cash being sent into crypto exchange accounts typically far outweigh the cash being removed. In othe...

The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines. Bitcoin (BTC) and crypto are only used by 13.7% of Americans, but they generate more exchange volume than anyone else. The latest data compiled by exchange Huobi confirms that in 2022, the United States is the most “mature” crypto market. U.S., Vietnam lead the way on crypto Despite the heavy drawdowns in price for Bitcoin and altcoins this year, interest throughout the world remains “extremely active,” and the leaders may come as a surprise. In its latest annual report, Huobi Research, an affiliate of Huobi Global, revealed that the U.S. accounts for 9.2% of global centralized exchange (CEX) volume. When it comes to DeFi, the figure is even higher — 31.8% of global volumes. At the same time, the percentage of the population using crypto is not as high as in some other jurisdictions. 13.7% of Americans use crypto, the report said, compared to 20.3% Vietnam, the leader out of t...

Bitcoin addresses holding up to 10 BTC have been accumulating record amounts of BTC in the aftermath of the FTX collapse. Some non-whale Bitcoin (BTC) investors seem to have had zero issues with the cryptocurrency bear market as well as fear, uncertainty and doubt (FUD) around the fall of FTX, on-chain data suggests. Smaller retail investors have turned increasingly bullish on Bitcoin and started accumulating more BTC despite the ongoing market crisis, according to a report released by the blockchain intelligence platform Glassnode on Nov. 27. According to the data, there are at least two types of retail Bitcoin investors that have been accumulating the record amount of BTC following the collapse of FTX. The first type of investors — classified as shrimps — defines entities or investors that hold less than 1 Bitcoin ($16,500), while the second type — crabs — are a category of addresses holding up to 10 BTC ($165,000). “Shrimp” investors have reportedly added 96,200 BTC ($1,6 billion) ...