Bitcoin's Latest Uptrend Demonstrates Resilience, as Per Glassnode - Insights on the Firm's Interpretation
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Glassnode Insights
- Bitcoin is flashing bullish signals. According to Glassnode, first buyers and momentum buyers have maintained high engagement levels, while profit takers have been relatively quiet. This pattern suggests a durable rally, as growing demand from newer and trend-following investors outpaces distribution pressure.
- Last week, US spot Bitcoin ETFs saw a net inflow of $2.9 billion, marking the fifth-largest weekly BTC inflow on record. This inflow demonstrates renewed institutional interest in Bitcoin, even at elevated price levels.
Bitcoin Price: $95,370 (+1.5% in the last 24 hours)
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Industry Announcements
- aZen Secures $1.2 Million Seed Round and Web3 Grants to develop DePIN, an AI solution that is expected to onboard 600k users Read More
- Bitcoin Seoul 2025 is gearing up to be Asia's largest conference focusing on Bitcoin and the broader crypto industry Learn More
- FLOKI and Rice Robotics have joined forces to create an AI companion robot that rewards users with FLOKI tokens More Details
- StepN and Argentina Football Association are teaming up for their latest NFT drop Find Out More
- BYDFi partners with Ledger to launch exclusive hardware wallets for crypto enthusiasts Announcement
- Grindery, a popular Telegram wallet, reveals plans to create a robust wallet infrastructure for AI agents Latest News
- Common introduces the first privacy web application with subsecond proof times for Arbitrum and Aleph Zero EVM Product Launch
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- The latest updates on Ethereum, Bitcoin, and various altcoins can be found on the CryptoHub section, providing investors a platform to stay informed about the market's movements and trends.
- The Blockchain category offers insights into the technology behind cryptocurrencies, while the Smart Contracts section delves deeper into the potential of decentralized applications, such as Ethereum and token2049.
- For investing opportunities, one should closely watch Bitcoin and Ethereum, two of the most influential cryptocurrencies, but also keep an eye on promising altcoins. However, it is crucial to do your own research before making any investments (Disclaimer).
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