2024

Bitcoin

Spot

Coin

<ul class="news-points"> 
 <li><strong>Bitcoin’s network growth has been declining since the price dropped from $49,000.</strong></li> 
 <li><strong>A successful close above the $43,284 resistance could send BTC to $44,000</strong></li> 
 <li><strong>Buyers could not sustain the momentum, suggesting possible consolidation.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/can-bitcoin-weather-the-storm-chinas-economic-woes-put-crypto-to-test/">Bitcoin (BTC)</a> is seeing a decline in the number of new addresses joining the network, a revelation by on-chain analytic provider ‘Santiment’ disclosed. According to Santiment, Bitcoin wallets with more than zero coins had not climbed for weeks, indicating a drop in network growth.</p> 
<p>It is noteworthy to mention that this has been the case since the U.S. Securities and Exchange Commission (SEC) approved all 11 <a href="https://coinedition.com/1-4-trillion-asset-manager-lpl-considers-adding-bitcoin-etfs-for-client-portfolios/">Bitcoin ETFs</a>. But since the price of BTC jumped to $49,000 and later tumbled, market players have remained less interested in the coin.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>'s wallets (with greater than 0 coins) are still declining as <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> nears 4 weeks since the <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SEC</a>'s 11 Spot <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETF</a> approvals. This can be attributed to crowd <a href="https://twitter.com/hashtag/FUD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FUD</a>, and less interest in direct <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> ownership due to other investment alternatives. <a href="https://t.co/tjnjELxGw1" target="_blank" rel="nofollow">https://t.co/tjnjELxGw1</a> <a href="https://t.co/xRymU7C0ro" target="_blank" rel="nofollow">pic.twitter.com/xRymU7C0ro</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1755022936996741374?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>This stance also meant that liquidity …</p>
<p>The post <a href="https://coinedition.com/bitcoin-btc-continues-to-lose-out-amid-existing-fud/">Bitcoin (BTC) Continues To Lose Out Amid Existing FUD</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin (BTC) Continues To Lose Out Amid Existing FUD

Coin Edition

Other articles published on Feb 7, 2024

Chainlink Experiences Surge as Tokenization Wave Attracts Big Investors

Polygon Maintains Its Long-Term Support Level

Rebel Satoshi Gains Momentum as Traders Shift Focus from Litecoin AAVE and Bitcoin Cash

Terra Luna Classic Price Prediction as LUNC Bounces 12% From Recent Low – $1 LUNC Possible in 2024?

Chainlink’s Bullish Retest Signals $21 Target Ahead!

Apple Co-Founder Talked About Bitcoin, Announced Price Target!

Join our free newsletter for daily crypto updates!