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ZkSNACKs, developer of privacy-preserving Bitcoin wallet Wasabi Wallet, has announced that users from the United States will be blocked from accessing its products and platforms until further notice. This move has sparked interesting discussions and speculations in the crypto community, with many debating its connection to the recent arrest of Samourai Wallet’s founders. Why Did

Wasabi Wallet Halts US Services Following $100-Million Samourai Money Laundering Case

SOL, TON, MATIC, ICP, and NEAR have also posted impressive gains over the past 24 hours.

Ethereum (ETH) Soars Above $3.3K, Bitcoin (BTC) Aims for $64K (Weekend Watch)

According to the latest on-chain revelation, the Bitcoin network has been experiencing a steady decline in high-value transactions over the last few weeks. This sluggish activity has been mirrored by the price of the premier cryptocurrency, which has struggled to break out of consolidation throughout the month of April. In the past week, the Bitcoin price struggled to hold above $67,000 despite touching the level multiple times. The price of BTC has since been in a tumble and is down by more than 2% in the last seven days, according to data from CoinGecko. Interestingly, the recent on-chain data suggests that this underwhelming price performance might persist for the market leader unless there is a turnaround, especially in terms of network activity. Can Whale Activity Push BTC Price Beyond $73,000? Prominent crypto analyst Ali Martinez took to the X platform to reveal that the Bitcoin whale activity has been declining steadily in the past six weeks. This revelation is based on Santiment’s Whale Transaction Count metric, which tracks the number of BTC transactions worth more than $100,000 and $1 million. Related Reading: Forbes Unveils 20 Crypto ‘Zombies,’ Declares Ripple And XRP Among The Undead Whales refer to entities or individuals that own substantial amounts of a particular cryptocurrency (Bitcoin, in this case). As such, they hold significant influence over market dynamics due to their capacity to execute large transactions, which can trigger speculation and potential price shifts. Martinez highlighted in his post that there has been a noticeable decline in Bitcoin whale activity since March 14, the same day the premier cryptocurrency hit a new all-time high price of $73,737. This dip in activity has coincided with the recent underperformance of Bitcoin’s price. However, the crypto analyst mentioned that an increase in high-value transactions could breathe life into the price of BTC. This is based on the reasoning that a surge in network activity could imply high demand for Bitcoin, leading to elevated prices. As shown in the chart below, the peak of the whale transaction count correlates with the new record-high price of BTC. Source: Ali_charts/X Active Bitcoin Wallets On The Rise: Santiment An interesting piece of on-chain data that may suggest increasing demand for Bitcoin and a bullish future for its price has come to light. According to Santiment, the number of active Bitcoin wallets is increasing rapidly despite the choppy state of the market. Related Reading: NEAR Protocol Soars 7.3%, Is It Poised To Go Higher? Active Bitcoin wallets refer to the total number of unique addresses holding BTC. Santiment data shows that the number of these “non-empty BTC wallets” has climbed by more than 2.5% in the last three months. As of this writing, Bitcoin trades just above $64,000, reflecting a 1.6% price increase in the past day. BTC price breaks above $64,000 on the daily timeframe | Source: BTCUSDT chart on TradingView Featured image from Unsplash, chart from TradingView

Bitcoin Whale Activity Declining – Why A Turnaround Is Important

The largest altcoin has spiked more than 6% over the past 24 hours

Ethereum (ETH) Crushing Bitcoin (BTC) with 6% Price Spike

Bitcoin Runes have taken the market by storm since the halving. There’s been unseen demand for this new token standard, causing Bitcoin’s network fees to climb into millions of dollars at the initial post-halving block. Centralized exchanges such as OKX and Gate.io have already listed Bitcoin Runes. We expect other Tier 1 exchanges to join The post Best Bitcoin Runes Wallets appeared first on CoinGape .

Best Bitcoin Runes Wallets

Bitcoin reached a new all-time high of $73,777. May could bring surprises despite a rocky April. Continue Reading: Impressive Performance of Bitcoin and Altcoins in Early 2024

Impressive Performance of Bitcoin and Altcoins in Early 2024

With a slight tilt in Bitcoin ETF trading, Nate Geraci, the president of The ETF Store, said that the performance of the exchange traded funds is directly related to the performance of the asset. This implies that since BTC prices have been directing the performance of Bitcoin ETFs any price change will directly reflect on The post Bitcoin ETF Performance Tracks Underlying Asset; Says Nate Geraci appeared first on CoinGape .

Bitcoin ETF Performance Tracks Underlying Asset; Says Nate Geraci

Bitcoin Price Analysis: Bitcoin, the largest cryptocurrency market cap, witnessed notable downturn pressure this week, tumbling its value from $67000 to $62845 to register 6.3%. This selling pressure could be linked to the renewed geopolitical tension in the Middle East and the recent negative outflow in BTC ETFs. However, the falling price is heading to The post Bitcoin Price Analysis: Will $BTC Correction Dip Below $60K Support? appeared first on CoinGape .

Bitcoin Price Analysis: Will $BTC Correction Dip Below $60K Support?

Throughout the week ending on April 26, 2024, Bitcoin Spot ETFs in the U.S. experienced notable fluctuations in net flows. Moreover, these ETFs registered a massive weekly net outflow of $328 million as they lost steam. Furthermore, this surge in outflows preceded a crash in the Bitcoin price, potentially catalyzing the dip. Overview Of Bitcoin The post Bitcoin ETF Record Biggest Weekly Outflows Of $328M, What’s Next? appeared first on CoinGape .

Bitcoin ETF Record Biggest Weekly Outflows Of $328M, What’s Next?

A widely followed analyst believes that Bitcoin (BTC) is gearing up for a parabolic surge despite its recent price doldrums. Pseudonymous crypto strategist TechDev tells his 447,600 followers on the social media platform X that conditions on Bitcoin’s two-month chart suggest that BTC is almost ready to witness a price explosion. The analyst predicts that The post Bitcoin Could Witness Repeat of November 2020 Parabolic Rally Amid Max Price Compression, Says Analyst appeared first on The Daily Hodl .

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