By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoXTimesCryptoXTimes
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Notification Show More
Font ResizerAa
CryptoXTimesCryptoXTimes
Font ResizerAa
  • Home
  • News
  • Cryptocurrency
  • Advertise
  • Contact Us
Search
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Have an existing account? Sign In
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
CryptoXTimes > Article > Bitcoin News > Bitcoin’s Bull Cycle In Question As Market Stagnates
Bitcoin NewsNews

Bitcoin’s Bull Cycle In Question As Market Stagnates

Bitcoin's Bull Cycle Uncertain as Market Stalls and Santiment Analysis.

Aima Raza
Last updated: April 13, 2024 2:33 pm
Aima Raza 1 year ago
Share
Bitcoin's Bull Cycle In Question As Market Stagnates


In recent weeks, Bitcoin’s price rise has begun to slow down, which has made people question how far the cryptocurrency’s bull cycle will go. 

The value of the most popular coin declined from $70,000 to less than $67,000 on Friday, April 12. The crypto market went down swiftly.

This latest decrease proves how challenging it is for BTC to get back to its recent high point of $73,737, which it hit in the middle of March. Santiment, an on-chain analysis tool, has found a certain Bitcoin metric that could mean the bull market is back.

A blockchain intelligence company called Santiment recently released an update on X that gave information about the current cycle and the way Bitcoin’s price is performing. 

📊 With many traders waiting for the #crypto #bullrun to resume following a month of price chopping, one of the primary signals to watch is Mean Dollar Invested Age. This metric tracks the average age of investments in an asset that have sat in the same wallet.

⏫ Rising line =… pic.twitter.com/Cc1MbCTvNk

— Santiment (@santimentfeed) April 12, 2024

The company stated that the Mean Dollar Invested Age measure was an important one to keep an eye on since the market leader remains fairly secure.

Bitcoin’s Investment Age Analysis

Santiment states that the Mean Dollar Invested Age number finds the average age of investments in the same asset that are kept in the same wallet. A sign that is going up shows that investments are staying the same and old coins are staying in wallets.

On the other hand, a falling Mean Dollar Invested Age measure demonstrates that investments are moving around more quickly, which means that more people are participating in the network.

According to Santiment, Bitcoin has shown a declining Mean Dollar Invested Age line during earlier bull runs. This is also happening during the current bull run, which started in late October 2023.

The on-chain analytics platform did notice, though, that Bitcoin’s Mean Dollar Invested Age line has been fairly flat over the last few weeks. This is unusual, since the halving event is due to happen in about a week.

The Bitcoin halving event will cut miners’ earnings in half, from 6.25 BTC to 3.125 BTC. Most investors see this as an encouraging sign for the most popular cryptocurrency in 2024.

Based on Santiment’s most recent report, investors should keep a close eye on the Bitcoin Mean Dollar Invested Age measure. If BTC’s Mean Dollar Invested Age line starts to fall again, it could mean that significant players like whales are actively moving coins again, which could mean that the bull run will continue.

Bitcoin is worth about $66,548, which is an enormous decrease of 6% in the last 24 hours.

You Might Also Like

PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy

Telegram Integrates Elon Musk’s Grok AI in $300M Deal

Berachain Transactions Tumble, Fee Revenues Cut In Half

Trump Media Launches $2.5B Crypto Investment Strategy

$BONK Surges 4% as Breakout Above $0.000021 Nears

TAGGED: Bitcoin, bullcycle, Cryptocurrencies
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
Previous Article Coinbase Forges Ahead After Legal Setback Against SEC Coinbase Forges Ahead After Legal Setback Against SEC
Next Article Bitcoin Plunges Below $67,000 Amid Global Inflation Worries Bitcoin Plunges Below $67,000 Amid Global Inflation Worries
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
TwitterFollow
TelegramFollow
LinkedInFollow

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy
PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy
Iceland PM Shifts Energy from Bitcoin to Agriculture
Iceland PM Shifts Energy from Bitcoin to Agriculture
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch

You Might Also Like

XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz
Altcoin NewsNews

XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz

By Muhammad Ali 4 weeks ago
MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension
CryptoNews

MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension

By Haider Ali 1 month ago
XRP Eyes Potential 15% Gains Amid Regulatory And Market Developments
NewsCrypto

XRP Eyes Potential 15% Gains Amid Regulatory And Market Developments

By Nayab Fatima 4 months ago
Shibarium Hits 912M Transactions as SHIB Burn Rate Skyrockets
NewsCrypto

Shibarium Hits 912M Transactions as SHIB Burn Rate Skyrockets

By Rubab Fatima 4 months ago
CryptoXTimesCryptoXTimes
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
  • About Us
  • Careers
  • Privacy Policy
  • Risk Disclaimer
Welcome Back!

Sign in to your account

Lost your password?