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See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n

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\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
According to\u00a0glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
According to\u00a0glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

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ADVERTISEMENT

\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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November 24, 2024

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Follow The Distributed

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\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

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December 19, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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ADVERTISEMENT

\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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December 19, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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August 15, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

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December 19, 2024

Artificial Intelligence

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November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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November 24, 2024

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August 15, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

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November 24, 2024

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August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 15, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

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\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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August 15, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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August 15, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 15, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

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August 7, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

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November 24, 2024

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\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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Follow The Distributed

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\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Banking

Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Banking

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August 7, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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August 7, 2024

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

August 7, 2024

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December 19, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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Follow The Distributed

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\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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Follow The Distributed

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\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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November 24, 2024

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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Follow The Distributed

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ADVERTISEMENT

\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Follow The Distributed

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\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n
Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n
\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n
Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n
Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n
\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n
Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after the Gibraltar-based bank successfully obtained a local banking license.<\/p>\n\n\n\n
Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n
Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n
\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n
Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The move underscores the UK\u2019s positioning as a crypto hub.<\/li>\n<\/ul>\n\n\n\n
Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after the Gibraltar-based bank successfully obtained a local banking license.<\/p>\n\n\n\n
Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n
Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n
\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n
Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Users will earn 1% yields on Bitcoin.<\/li>\n\n\n\n
The move underscores the UK\u2019s positioning as a crypto hub.<\/li>\n<\/ul>\n\n\n\n
Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after the Gibraltar-based bank successfully obtained a local banking license.<\/p>\n\n\n\n
Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n
Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n
\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n
Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\n
Users will earn 1% yields on Bitcoin.<\/li>\n\n\n\n
The move underscores the UK\u2019s positioning as a crypto hub.<\/li>\n<\/ul>\n\n\n\n
Xapo Bank has officially debuted a combined interest-bearing US dollar and Bitcoin (BTC) banking accounts in the UK. The launch happened after the Gibraltar-based bank successfully obtained a local banking license.<\/p>\n\n\n\n
Xapo customers can send up to \u00a31 million or approximately $1.28 million and make payments to UK-based bank accounts and wallets. The Bitcoin accounts give 1% yields without staking, lending, or locking up assets. The bank became the first and only bank in the UK to launch interest-bearing Bitcoin and fiat banking accounts.<\/p>\n\n\n\n
Xapo Bank CEO Seamus Rocca described the UK license as \u201cno easy feat,\u201d emphasizing that the institution is eager to expand local membership. He remarked.<\/p>\n\n\n\n
\u201cWe have successfully passported our banking license into the UK. This means we are allowed to offer our banking services directly to the UK market. Achieving this is no easy feat and shows we meet the UK\u2019s high regulatory standards.\u201d<\/em><\/p>\n\n\n\n
Users with Bitcoin accounts can spend the crypto \u201clike fiat,\u201d with a \u201cuniversally accepted\u201d debit card. They can also invest in other financial services such as S&P 500 stocks<\/a> and select cryptocurrencies. Xapo Bank also integrated stablecoin payments with its US dollar bank accounts.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Google Announces DeepMind; Accelerating Its Attempt At Leading The AI Race<\/a><\/p>\n\n\n\n
Global Hub For Crypto Innovation<\/h2>\n\n\n\n
Xapo Bank\u2019s expansion comes even as the UK positions<\/a> itself in the crypto and blockchain sector. Echoing the sentiments, the bank said:\u00a0<\/p>\n\n\n\n
\"The UK is swiftly emerging as a global hub for cryptocurrency innovation, boasting a promising regulatory framework, a dynamic financial ecosystem, and a talent-rich environment.\"<\/em><\/p>\n\n\n\n
Joey Garcia, the bank\u2019s director and head of regulatory and public affairs, called the UK market unique. This comes even as the Financial Conduct Authority estimates that about 10% of UK adults held cryptocurrencies in 2023. <\/p>\n\n\n\n
<\/p>\n","post_title":"Xapo Bank Launches The First Interest-Bearing BTC And Fiat Accounts In The UK","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"xapo-bank-launches-the-first-interest-bearing-btc-and-fiat-accounts-in-the-uk","to_ping":"","pinged":"","post_modified":"2024-08-07 19:09:13","post_modified_gmt":"2024-08-07 09:09:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18134","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14293,"post_author":"15","post_date":"2023-11-15 17:32:05","post_date_gmt":"2023-11-15 06:32:05","post_content":"\n
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13357,"post_author":"8","post_date":"2023-09-13 13:07:42","post_date_gmt":"2023-09-13 03:07:42","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n\n
Bitcoin is struggling to maintain a valuation of more than $25,000.<\/li>\n\n\n\n
The price closely consolidating around the current support at $25,837.<\/li>\n\n\n\n
A bearish breakout of the $25K level may initiate a long-term downtrend of BTC and target the $23,500 as a primary destination.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis         <\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> is still bearish and likely to retest the $25K zone this week. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Bitcoin consolidated for another week, with the price entering Saturday near the same level it was at on Monday. Despite a small surge on Thursday, when the price surpassed $26,000, the cryptocurrency has remained essentially constant.<\/p>\n\n\n\n
In the medium term, Bitcoin is developing slowly in a falling trend channel. Falling trends suggest that the currency is experiencing negative development and declining buy interests among investors.<\/p>\n\n\n\n
The currency is getting close to support near $25,000, which could result in a favorable reaction. A breakdown through this support will be a bearish indicator.<\/p>\n\n\n\n
According to the bearish crossover between the 50 and 100 EMA, BTC is still under the seller's control and may retest the $23,450 zone if the $25K level is broken.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum failed to return above $1.7K since the bearish crossover between 50 and 100 EMA.<\/li>\n\n\n\n
RSI is at 38.49, indicating the current consolidation may turn into a long-term downtrend.<\/li>\n\n\n\n
ETH price can retest the $1.5K zone once the current support at $1,620 is broken.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> may return to the $1.5K zone if the support at $1,624 is broken. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
As market volatility abated on Saturday, Ethereum (ETH) was hovering near a critical support level of $1,630 to begin the weekend.<\/p>\n\n\n\n
Following the daily low of $1,624 on Friday, ETH gained little in today's session, reaching a high of $1,637.<\/p>\n\n\n\n
Bulls have been rejecting bearish advances throughout the majority of the week despite repeated attempts by bears to break through the previously noted price floor. Technically, Ethereum still needs to break the current support at $1,620 to make more room for a further downside movement targeting the $1.5K zone.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Is Still Mired In Consolidation Around $25K, And The ETH Yet To Break The $1.6K Support Despite The Overall Bearish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-is-still-mired-in-consolidation-around-25k-and-the-eth-yet-to-break-the-1-6k-support-despite-the-overall-bearish-trend","to_ping":"","pinged":"","post_modified":"2023-09-13 13:07:55","post_modified_gmt":"2023-09-13 03:07:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13357","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11549,"post_author":"8","post_date":"2023-05-08 23:16:01","post_date_gmt":"2023-05-08 13:16:01","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin failed to strike above $30K on May 6, pushing the price to the support near $28,500.<\/li>\n\n\n\n
The price still needs to break the 50 EMA support to revive the bearish trend.<\/li>\n\n\n\n
The overall trend of BTC will remain bullish until the price breaks the key support at $27,000.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTCUSD<\/a> remains bearish and likely to retest support at $28,500. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged. BTC bears have failed to control the price action despite numerous rejections on the 4-hour and daily timeframes.<\/p>\n\n\n\n
Bitcoin attempted a move above $30,000 on May 6 but failed to reach the psychological barrier as the price rebounded for a bearish move from $29,851. Technically, the price may retest the nearest support at $28,500 and the 50 EMA support near $27,967 following the current bearish momentum.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum got rejected above $2,000 on May 6 and plotted a bearish out at $1,938.<\/li>\n\n\n\n
The immediate support at $1,838 will play a crucial role in deciding the upcoming market bias.<\/li>\n\n\n\n
ETh may retest $1,700 if the price fails to sustain above the current support.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETHUSD<\/a> returns to consolidation mode as the price gets rejected above $2,000. Source: The Distributed<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum surged to a crucial resistance level of $2,000 yesterday. The Ethereum blockchain developers recently discussed Ethereum Improvement Proposals (EIPs) to add to upcoming updates and increase the ETH blockchain's scalability.<\/p>\n\n\n\n
However, the price failed to sustain above $2K and plotted a false break of the resistance at $1928. At present, Ethereum is trading at $1,904 and heading towards immediate support near $1,838 following the bearish momentum. A potential bearish breakout at this level may push the ETH price to a further downside target near $1,712.<\/p>\n","post_title":"BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"btc-retests-immediate-support-at-28500-eth-plots-false-break-around-1928-bitcoin-and-ethereum-technical-analysis","to_ping":"","pinged":"","post_modified":"2023-05-08 23:39:06","post_modified_gmt":"2023-05-08 13:39:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11549","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11427,"post_author":"15","post_date":"2023-05-03 16:22:43","post_date_gmt":"2023-05-03 06:22:43","post_content":"\n
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced <\/a>its first-quarter 2023 financial results. <\/p>\n\n\n\n
The company added 7,500 bitcoins in Q1 with an average price of $23,903, strengthening its balance sheet strategically. With this acquisition, the company's holdings now total 140,000 BTC with an average price of $29,803.<\/p>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
As of March 31, 2023, MicroStrategy's digital asset value falls to $2.00 billion with an impairment loss of $2.172 billion. <\/p>\n\n\n\n
\"Our goals for the enterprise analytics software business remain to grow our revenues and transition that business to the cloud while rigorously managing costs and strengthening margin as we focus on product innovation and winning market share,\u201d <\/em>said Andrew Kang, the company's Chief Financial Officer.<\/p>\n\n\n\n
\"Furthermore, we are extremely excited to return to an in-person MicroStrategy World, showcasing the competitive advantages of our MicroStrategy One platform and highlighting the key areas of product innovation that will carry MicroStrategy into the future,\u201d <\/em>said Phong Le, President and Chief Executive Officer.<\/p>\n\n\n\n
MicroStrategy And Bitcoin<\/h2>\n\n\n\n
MicroStrategy is a publicly traded company that provides business intelligence, mobile software, and cloud-based services. In recent years, MicroStrategy has become well-known for its involvement in digital asset investments. The company made Bitcoin its primary treasury reserve asset with an initial $250 million investment in August 2020. The company has continued to purchase BTC as part of its capital allocation strategy, now holding 140,000 BTC as of Q1 2023.<\/p>\n","post_title":"MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-added-7500-btc-to-its-holdings-in-q1-totaling-140000-btc","to_ping":"","pinged":"","post_modified":"2023-05-04 13:04:24","post_modified_gmt":"2023-05-04 03:04:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11427","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11379,"post_author":"8","post_date":"2023-04-30 21:27:11","post_date_gmt":"2023-04-30 11:27:11","post_content":"\n
Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
Bitcoin rises to nearly $29,500 following the US Core PCE Price Index drop by 4.6%.<\/li>\n\n\n\n
$27,000 turns out to be crucial support for BTC.<\/li>\n\n\n\n
Future price actions at the $30K zone will decide Bitcoin\u2019s upcoming market bias.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"\"$
BTC\/USD<\/a> rebounds above $28,500 and revives the bullish momentum. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell by 4.6% Year-over-Year and increased by 0.3% Month-over-Month. The bitcoin price increased to get closer to $29,500 right after the data release.<\/p>\n\n\n\n
Bitcoin found solid support at $27,000 and the daily 50 EMA level. While writing this update, BTC was trading at $29,300 and didn\u2019t break either the high or low of yesterday\u2019s daily doji candle.<\/p>\n\n\n\n
The market is under a bullish sentiment, and the price may retest the psychological resistance at $30,000. Besides, the RSI rises above 50, indicating a bullish trend. Bitcoin will be bullish until it holds above the $27K support zone.<\/p>\n\n\n\n
<\/a>Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum strongly rejects support near $1,800.<\/li>\n\n\n\n
The bullish crossover between 50 and 100 EMA on the daily chart still remains valid.<\/li>\n\n\n\n
ETH may retest $2,000 if it can exceed $1,938.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"\"$
ETH\/USD<\/a> can exceed $2,000 if it can break above $1,938. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n
The price of Ethereum increased in response to the US PCE release, rising to $1,915 within a few moments of the announcement.<\/p>\n\n\n\n
Currently, ETH is trading at $1,911, which is enticingly close to the immediate resistance at $1,938. However, there's still more! Ethereum may not be overbought or oversold, given that the RSI is at a modest level of 52, signalling bullish momentum.<\/p>\n\n\n\n
Technically, a bullish break above $1,938 will indicate Ethereum rejoining the recent bullish rally targeting the $2,000 mark.<\/p>\n","post_title":"Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-is-close-to-testing-30000-again-ethereum-revives-bullish-momentum-above-1800","to_ping":"","pinged":"","post_modified":"2023-04-30 21:28:33","post_modified_gmt":"2023-04-30 11:28:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11379","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10988,"post_author":"8","post_date":"2023-04-17 15:54:14","post_date_gmt":"2023-04-17 05:54:14","post_content":"\n
Early on April 15, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies grew by 0.10% to $1.27 trillion from the previous day. <\/p>\n\n\n\n
Over the past 24 hours, the overall volume of the crypto market decreased 42.17 percent, reaching $34.25 billion. DeFi's 24-hour volume was $3.69 billion, or 10.78% of the total volume of the cryptocurrency market.<\/p>\n\n\n\n
\nhttps:\/\/twitter.com\/AurelienOhayon\/status\/1647662741497298947?s=20\n<\/div><\/figure>\n\n\n\n
The price of bitcoin BTC tickers down $30,330 and increased by over 10% from April 9th to 14th, which was the most significant daily close in more than ten months.<\/p>\n\n\n\n
<\/a>Key Findings: BTC Technical Analysis<\/h2>\n\n\n\n
\n
BTC holds above $30,000 following the recent bullish move.<\/li>\n\n\n\n
The 50 EMA exceeding the 100 EMA indicates a strong uptrend.<\/li>\n\n\n\n
RSI at 69.41 signals a slightly overbought market.<\/li>\n\n\n\n
The price may pull back near the current support zone at $2850 before rejoining the bullish rally.<\/li>\n<\/ul>\n\n\n\n
<\/a>Bitcoin Technical Analysis<\/h2>\n\n\n\n
$\"Bitcoin$ <\/figure>\n\n\n\n
BTC\/USD<\/a> is firmly bullish and eyeing $33,100 as the next upside target. Source: The Distributed.<\/p>\n\n\n\n
On Saturday, Bitcoin (BTC) fell back below the $31,000 mark as cryptocurrency markets stabilized ahead of the weekend.<\/p>\n\n\n\n
BTC\/USD hit a high of $31,005 on Friday before rebounding near the $30,000 level.<\/p>\n\n\n\n
Bitcoin reached its highest point since June 7 at yesterday's top, which appears to have encouraged bulls to lock in gains.<\/p>\n\n\n\n
Furthermore, the bullish crossover between the 50 and 100 EMA still remains valid, indicating an overall uptrend. If BTC continues with the current upside rally, the price may retest the upcoming resistance at $33,100.<\/p>\n\n\n\n
However, the Relative Strength Index (RSI) hitting near the 70 levels indicates an overbought market. In case the price decides to a correction, we\u2019ll wait to see how the price reacts near the $30,000 to $28.500 zones to anticipate the next possible destination of Bitcoin price.<\/p>\n\n\n\n
Key Findings: ETH Technical Analysis<\/h2>\n\n\n\n
\n
Ethereum remains firmly bullish above $2,000.<\/li>\n\n\n\n
The price may hit the next resistance at $2300 following the current uptrend.<\/li>\n\n\n\n
MACD value remains positive and exceeds 20, indicating strong bullish momentum.<\/li>\n\n\n\n
For a bearish outlook, $1760 remains a strong support zone for ETH.<\/li>\n<\/ul>\n\n\n\n
<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
$\"Ethereum$ <\/figure>\n\n\n\n
ETH\/USD<\/a> can retest the upcoming resistance at $2,300 as the bullish rally accelerates. Source: The Distributed.<\/p>\n\n\n\n
Despite being lower than Friday's high, Ethereum (ETH) has remained above $2,100 in Saturday's session.<\/p>\n\n\n\n
ETH\/USD plummeted to an intraday low of $2,049 earlier in the day but has since rebounded to trade at $2,103. This is slightly lower than yesterday's top of $2,120 when ETH traded at its highest level since late May.<\/p>\n\n\n\n
The 21 EMA is moving above the 50 EMA, suggesting a bullish crossover. Besides, the MACD holds above 20 and keeps surging, indicating strong bullish momentum.<\/p>\n\n\n\n
The next resistance for Ethereum remains at $2,300. If ETH breaks below $2,000, the price may encounter strong support near $1,760.<\/p>\n","post_title":"Bitcoin Targets $3,300; Ethereum Is Eyeing $2,300 Following The Overall Bullish Trend","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-targets-3300-ethereum-is-eyeing-2300-following-the-overall-bullish-trend","to_ping":"","pinged":"","post_modified":"2023-04-18 23:58:17","post_modified_gmt":"2023-04-18 13:58:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10988","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9130,"post_author":"13","post_date":"2022-12-30 21:28:41","post_date_gmt":"2022-12-30 10:28:41","post_content":"\n
According to a Wednesday SEC filing<\/a>, MicroStrategy bought 2,395 bitcoins for $42.8 million between November 1 and December 21, at an average price of $17,871. The business intelligence company sold 704 bitcoins worth $11.8 million at approximately $16,776 for tax loss harvesting. It is the first time MicroStrategy sold part of its BTC holding since it started investing in the digital asset. <\/p>\n\n\n\n
The report also shows that the publicly-listed firm bought 810 bitcoins for $13.6 million in cash at an average price of $16,845 on Dec.24, bringing the number of its BTC stash to 132,500 as of Dec. 27. MicroStrategy's BTC account is currently at $4.03 billion, acquired at an average price of $30,397 per token.<\/p>\n\n\n\n
The NASDAQ entity started acquiring bitcoins in 2020, and has spent more than $4 billion, which is currently down by $1.8 billion following the ongoing crypto winter.<\/p>\n\n\n\n
MicroStrategy Mulls Plans To Rollout Bitcoin Lightning Network Services<\/h2>\n\n\n\n
Besides its bitcoin buying spree, MicroStrategy is also planning to contribute to the expansion of bitcoin. Its chairman Michael Saylor has announced<\/a> that the firm will launch bitcoin lightning network services \u2013 including an enterprise Lightning wallet and Lightning servers. The Lightning Network is a layer-2<\/a> payment platform built on bitcoin to facilitate faster and cheaper transactions.<\/p>\n\n\n\n
Saylor hosted Bitcoin RoundTable Wednesday on Twitter where he floated the idea, saying: ''What if we created an enterprise deployable Lightning wallet on one side, and then on the other side\u2026what if we created an enterprise server that you could use to monetize any website?''<\/em><\/p>\n\n\n\n
He added that, ''(he wants) to make it possible for any enterprise to spin up a Lighting wallet and a Lightning wallet architecture in an afternoon and deploy it to (many people).''<\/em> MicroStrategy recently posted a\u00a0job listing<\/a>\u00a0for a Bitcoin Lightning Software Engineer.<\/p>\n","post_title":"MicroStrategy Buys 2,500 Bitcoin, Sells 704 Amidst Bear Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"microstrategy-buys-2500-bitcoin-sells-704-amidst-bear-market","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/application-layer-protocols\/","post_modified":"2023-04-10 17:47:12","post_modified_gmt":"2023-04-10 07:47:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9130","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9025,"post_author":"12","post_date":"2022-12-24 18:29:49","post_date_gmt":"2022-12-24 07:29:49","post_content":"\n
Twitter adds price indicators for various major stocks and ETFs such as the S&P500 and AAPL, alongside BTC and ETH.<\/p>\n\n\n\n
\n
Twitter officially announced<\/a> the launch of $Cashtags with data which show the price of various assets, an expansion on the already existing feature. The initial launch has limited assets but in the coming weeks Twitter will \"refine the user experience and expand our coverage of symbols.<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Whenever you make a tweet about a particular asset, Bitcoin for example, you add an indicator before the ticker. So you'd type in $BTC<\/a>, and then when you click on the text it'll bring you to an archive showing the price indicator and popular tweets about BTC.<\/li>\n<\/ul>\n\n\n\n
\n
The current CEO of Twitter, Elon Musk, congratulated<\/a> the Twitter team on this development calling it \"One of many product improvements coming to financial Twitter!<\/em>\"<\/li>\n<\/ul>\n\n\n\n\n
Although, these price indicators aren't interactive, yet. They are images sourced from TradingView in real time and are accompanied by a link to \"View on Robinhood.\"<\/li>\n<\/ul>\n\n\n\n
\n
The addition of price indicators to cashtags may prove to drive adoption, especially when accompanied by a link to purchase the asset. Although a formal deal hasn't been reached between Twitter and an exchange yet, this may allow users to eventually purchase cryptocurrencies seamlessly from Twitter.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>Twitter Brings Tweet Tiles Pilot to NFT Marketplaces<\/a><\/p>\n","post_title":"Twitter Adds Price Indicators To Cashtags Including $BTC, $ETH","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"twitter-adds-price-indicators-to-cashtags-including-btc-eth","to_ping":"","pinged":"","post_modified":"2023-04-10 17:55:17","post_modified_gmt":"2023-04-10 07:55:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9025","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8878,"post_author":"15","post_date":"2022-12-18 16:47:23","post_date_gmt":"2022-12-18 05:47:23","post_content":"\n
Wallet addresses with a balance of 10 or more BTC reached a new high since 2020. <\/p>\n\n\n\n
\n
Bitcoin wallet addresses started to fatten as holders withdraw their coins and token from exchanges. This movement of assets is a result of\u00a0 the FTX fiasco\u00a0<\/a>and Binance FUD.<\/li>\n<\/ul>\n\n\n\n
\n
Earlier today, bitcoin wallet addresses recorded a new high from 2 years ago. A total of 154,807 wallets now hold at least 10 BTC amounting to $25.9 billion at $16,733 a piece.<\/li>\n<\/ul>\n\n\n\n
\n
According to\u00a0 glassnode's data<\/a>, there is no increase in newly created wallets. In turn, these holders are more likely long-time bitcoin owners. Furthermore, BTC wallet addresses that hold more than 100 BTC have increased dramatically and reached a 51-week high. Data strongly suggests that investors are now shifting to \"self-custody\" practices.<\/li>\n<\/ul>\n\n\n\n
\n
Another narrative to look at is the market bottom. Historical data shows that when investors start to withdraw their assets from exchanges, they tend to prepare for the accumulation phase which shortly begins after a market bottom has been determined.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Exchange Reserves Hit New Lows<\/a><\/p>\n\n\n\n
$\"Bitcoin:$
Bitcoin: Number of Addresses with Balance >10 (courtesy of Glassnode<\/a>)<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoin Wallet Addresses Holding More Than 10 BTC Soar","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-wallet-addresses-holding-more-than-10-btc-soar","to_ping":"","pinged":"","post_modified":"2023-04-10 18:01:29","post_modified_gmt":"2023-04-10 08:01:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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