Bitcoin To Plunge Further? Long-Term Holders Ramp Up Selling

On-chain data shows Bitcoin long-term holders have ramped up their selling recently, something that could lead to further plunge in the crypto's price. Bitcoin Exchange Inflow CDD Has Spiked Up Over The Last Day As pointed out by an analyst in a CryptoQuant post, the current rise in the CDD is the largest since 6th October.

Timeline of Bitcoin

BTC/USD Tests 16450 Technicals:  Sally Ho's Technical Analysis – 26 November 2022 Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair moderated after recently trading as high as the 16797.28 level.  Traders tested the 200-hour simple moving average when BTC/USD came off to the 16450.62 area, and similar technical support is currently projected around the 16254 area.

Data shows the Bitcoin mining hashrate has been on a decline recently as the difficulty is currently at all-time high levels. Bitcoin Mining Hashrate Is Down Almost 7% From The Recent High The “mining hashrate” is an indicator that measures the total amount of computing power currently connected to the Bitcoin network.

The Belgian Financial Services and Markets Authority has ruled that Bitcoin and Ethereum are not securities. The post Bitcoin, Ethereum, and Other Cryptos Are Not Securities, Says Belgian Financial Regulator appeared first on BeInCrypto.

A total of 100,000 Bitcoin (BTC) were withdrawn from Coinbase in the past two days, marking the third-largest BTC withdrawal in Coinbase's history. The post Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours appeared first on CryptoSlate.

Wright, the self-proclaimed inventor of Bitcoin, was granted permission to serve legal papers on Cøbra as he sought a declaration of his ownership of copyright to the Bitcoin white paper.

Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. The post Binance publishes BTC proof of reserves to provide more transparency on customer funds appeared first on CryptoSlate.

BTC, ETH, or any other cryptocurrency that is generated by computer code is not classified as securities by a Belgian regulatory body.  Belgian Regulator Addresses Concerns Belgium's Financial Services and Markets Authority (FSMA) released a report on November 22, which addressed the question - are cryptos securities?

Bitcoin was marginally lower on Nov. 25, as markets returned to action following the U.S. Thanksgiving holiday. Overall, cryptocurrency markets were mostly in consolidation in today's session, with the global market cap up 0.12% as of writing. Ethereum was also largely unchanged, with the token hovering below $1,200.

Top cryptocurrency exchange Binance, in a recent announcement, unveiled the Merkle tree Proof of Reserves (PoR) system. According to Binance, this feature will increase transparency for user's funds.

After struggling to surpass $20,000 since September, Bitcoin price holds support at $16.5K following the collapse of FTX crypto exchange. The crypto market seems to slowly decouple from the U.S. stock market as crypto price remains under pressure.