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 $49,000 and later tumbled, market players have remained less interested in the coin.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>'s wallets (with greater than 0 coins) are still declining as <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> nears 4 weeks since the <a href="https://twitter.com/hashtag/SEC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SEC</a>'s 11 Spot <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETF</a> approvals. This can be attributed to crowd <a href="https://twitter.com/hashtag/FUD?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FUD</a>, and less interest in direct <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$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>
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<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

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