On-Chain Data Signals Massive Rally In Bitcoin And Ethereum Price
Bitcoin Ethereum On-Chain Data Signals Massive Rally In Bitcoin And Ethereum Price 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin The crypto market continued the bullish momentum after the US Federal Reserve slowed the rate hike to 25 bps on Wednesday. Moreover, the Bank of England and the European Central Bank both announce a 50 bps rate hike today. Bitcoin price currently trades at $23,864, up over 3% in the last 24 hours. Meanwhile, Ethereum price soars over 6% in the last 24 hours, with the current price trading at $1,679. The positive sentiment among traders continues as they await the crucial week to end. The US Dollar Index (DXY) ay kasalukuyang bumabawi mula sa ibaba ng 101 na antas, bago ang mga desisyon sa pagtaas ng rate. Bitcoin Whale Activity Jumps After US FOMC According to Bitcoin Exchange Whale Ratio for All Exchanges (EMA 7) on-chain data, balyena activity has increased in the last two weeks. The move came after bitcoin whale activity on crypto exchanges nearly reached a year low despite a recent BTC price rally in the last two weeks. Bitcoin Exchange Whale Ratio – All Exchanges (EMA 7). Source: CryptoQuant Furthermore, Bitcoins Coin Days Destroyed (CDD) was higher before the U.S. FOMC meeting on