Altcoin News by Thebittimes.Com

While the price of bitcoin has remained range bound and coasting along just above the $19K zone, over 60% of the bitcoin in circulation has not moved in a year or more. Moreover, there’s been very few transfers from bitcoins stemming from 2010, and it’s been more than two months since the last 2010 block subsidy transfer. Meanwhile, 2011 block subsidy transactions have appeared every now and then, and on October 25, 2022, approximately 92.76 bitcoin worth roughly $1.79 million from 2011 were transferred to unknown wallets. 2010, 2011 ‘Sleeping Bitcoin’ Spending Slows — 92 Bitcoin From 2011 Transferred on Tuesday On October 24, bitcoin supporters celebrated the number of bitcoin (BTC) that haven’t moved in a year or more. The bitcoiners shared a chart from Glassnode that indicates more than 60% of the BTC in circulation has not moved in a year or more. Glassnode chart shared on r/bitcoin on October 24, 2022, showing that more than 60% of BTC ...

Bitcoin started the week trading above $19,000, as bulls made a sluggish return to the token, following recent sell-offs. Ethereum also rallied on Monday, after a brief stint trading below $1,300. Overall, the global crypto market is down 1.19% as of writing. Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as bull began to return to crypto markets following recent sell-offs. Following a low of $19,118.19 on Sunday, BTC/USD raced to an intraday high of $19,491.33 earlier in the day. Monday’s move saw the world’s largest cryptocurrency climb towards a key price ceiling of $19,500. BTC/USD – Daily Chart Looking at the chart, the rebound in price comes as the 14-day relative strength index (RSI) recently broke out of its resistance at 48.00. As of writing, the index is tracking at 49.42, with the next visible resistance point near the 56.00 level. Should price strength continue to move towards this point, we will likely see prices move towards t...