October 5, 2024

Tag: CryptoQuant

Bitcoin Enters Positive Seasonality Period, But There’s a Catch: CryptoQuant

Bitcoin Enters Positive Seasonality Period, But There’s a Catch: CryptoQuant

Claudio Ctin4 mins

Bitcoin (BTC) usually performs well in the fourth quarter of bull cycle years, especially after halving events. CryptoQuant analysts say this year will be no different; however, things are not adding up. According to a CryptoQuant report, Bitcoin’s apparent demand growth is still slow, and it will need to grow at faster rates to propel…

Bitcoin’s Correlation With Gold Turns Negative as Market Slips Into Bear Phase: CryptoQuant

Bitcoin’s Correlation With Gold Turns Negative as Market Slips Into Bear Phase: CryptoQuant

Claudio Ctin4 mins

The price of bitcoin (BTC) has entered a bearish phase, stemming from the asset’s constant decline and range-bound movement. As a result, the largest cryptocurrency has decoupled from gold. According to CryptoQuant analysts, bitcoin’s price has been declining while the yellow metal has rallied to new record highs, causing their correlation to turn negative. Bitcoin…