On-Chain Activity

Bitcoin has been trading tightly within a range between $9.3k and $9.5k over the previous few days, making it part of the cryptocurrency asset’s consolidation in the past two months which restricted the price action below the critical $10k barrier. Bitcoin market has been dull, such that it is about to attain a level of volatility not recorded since the beginning of 2020. Nonetheless, there is emerging proof that a breakout towards the downside is on the way. Bitcoin’s on-chain…

Blockchain technology is the underlying tech that introduced cryptocurrencies. The technology, yet so young, has immensely transformed the fintech industry, making it possible for persons to transfer value across the globe without any geographical or third-party limitations. The technology enhances the transparency of transactions not only for the grantee but also for the beneficiary. However, while most people are familiar with Blockchain technology, few understand the two types of transactions necessitated on the blockchain, On-chain, and Off-chain transactions. These two…

Last week, Bitcoin recorded outstanding growth trading with more balance and less price volatility. This remarkable surge has seen BTC trading at the $7k zone.  Bitcoin whales have significantly contributed to the coin's sudden growth because they have accumulated many coins since the market crash in March. Bitcoin seems to have an outstanding strength that could see it through to stability in the market. A recent weekly report by Glassnode shows that BTC recorded a significant growth as observed in…