WebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Facebook X (Twitter) LinkedIn Telegram
WebsCryptoWebsCrypto
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Opinions
  • Press Releases
Bitcoin (BTC) $26,247.03 0.17%Ethereum (ETH) $1,591.49 0.03%BNB (BNB) $212.43 0.46%XRP (XRP) $0.500586 0.67%Cardano (ADA) $0.245356 0.45%Solana (SOL) $19.07 1.46%Dogecoin (DOGE) $0.060697 0.58%Polkadot (DOT) $4.01 2.02%Shiba Inu (SHIB) $0.000007 0.58%Dai (DAI) $0.999824 0.06%TRON (TRX) $0.085096 0.57%Polygon (MATIC) $0.510652 2.09%Avalanche (AVAX) $9.06 0.72%Uniswap (UNI) $4.30 0.01%Litecoin (LTC) $63.81 1.19%
Crypto Prices
WebsCrypto
News

Bitcoin Rises in a Range-Bound Range, Data Shows That More Investors Choose to Hold Firmly

By WebsCryptoMarch 22, 20221 Min Read
Bitcoin Rises in a Range-Bound Range, Data Shows That More Investors Choose to Hold Firmly
Share
Facebook Twitter Telegram LinkedIn Reddit Email

According to Glassnode statistics, Bitcoin BTC -0.17% balances on major exchanges have fallen to a three-year low. This could mean that people prefer to hold their bitcoins for the long term rather than choosing to sell them in the near term.

“If there are a lot of bitcoins on exchanges, that means people are ready to sell them. If more of those bitcoins are in private wallets, it means people are less willing to sell.”

The CEO of FRNT Financial explained.

Currently, with a 24-hour gain of about 5%, Bitcoin has reached the $43,000 mark, and the cryptocurrency has been range-bound for the past three months.

Advertisements

Some market players believe that Bitcoin’s speculative properties have dried up as the Federal Reserve begins to raise interest rates. On the other hand, with Bitcoin falling below the important breakeven point of $47,000, there is a good chance that Bitcoin will be range-bound for an extended period of time – as short-term traders see a rebound and choose to sell.

Aoifinn Devitt, chief investment officer at Moneta, said the cryptocurrency has only been around for more than a decade, so there is little historical data available to measure its performance in an environment of persistent inflation.

Related News:
  • Binance Announces New Stablecoin Amidst Plans to Discontinue BUSD Support
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
Bitcoin Exchange
WebsCrypto
  • Website
  • Facebook
  • X (Twitter)
  • Instagram

WebsCrypto is your best bet for the latest crypto news from around the world.

Recommended Reading

Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Federal Reserve Holds Steady on Interest Rates; Bitcoin Maintains Support at $27,000

Markets September 22, 2023

Bitcoin and Ethereum Navigate Volatile Waters Ahead of FOMC Decision

The Latest
Markets September 25, 2023

Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn

Markets September 25, 2023

NFT Market Faces Significant Decline Amidst Broader Crypto Challenges

Business September 24, 2023

Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures

News September 22, 2023

Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline

Markets September 22, 2023

Federal Reserve Holds Steady on Interest Rates; Bitcoin Maintains Support at $27,000

EDITOR’S CHOICE
Ether (ETH) Prices are Trading at 27% Discount to Fair Value, New Research Shows
Robert Kiyosaki: Cryptocurrency is the Future, Fiat Money is on the Decline
Crypto Companies Shift Focus Outside the U.S. Amid Regulatory Pressures
Bonds Surge in Appeal as Bitcoin and S&P 500 Navigate Third Quarter Downturn
News
  • News
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFTs
  • Markets
  • Business
  • Markets
Information
  • Opinions
  • Guides
  • Press Release
  • Sponsored
Price Indexes
  • Market Cap
  • Bitcoin Price
  • Ethereum Price
  • Cardano Price
  • Solana Price
  • Polkadot Price
  • Polygon Price
Services
  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Service
WebsCrypto
X (Twitter) Facebook Telegram LinkedIn RSS
© 2023 WebsCrypto

Type above and press Enter to search. Press Esc to cancel.