Crypto Market Forecast: Week of May 1st 2023

A curated weekly summary of forward-focused crypto news that matters. This week, a new report offers arguments that bitcoin is undervalued, Bitcoin's block reward halving is getting closer, and more BTC holders are in a position where they are holding unrealized profits.

242 +

Excited Cardano holders could have much to rejoice about than just ADA's price

The Cardano Foundation recently revealed its first-ever yearly report with the highlights of 2022 Although ADA's metrics stayed neutral, ADA's price witnessed a 10% surge in the last seven daysThe post Excited Cardano holders could have much to rejoice about than just ADA's price appeared first on AMBCrypto.

212 +

Can ‘In the Red’ SHIB Holders Expect a Price Reversal Following Shibarium L2 Progress Report?

The team behind Shiba Inu’s new Shibarium layer-2 scaling solution says the protocol aims to provide quick and cost-effective transactions. The post Can ‘In the Red’ SHIB Holders Expect a Price Reversal Following Shibarium L2 Progress Report? appeared first on BeInCrypto.

177 +

A third of US crypto holders have experienced theft: Report

10% of crypto holders surveyed made no attempt at protecting their assets; victimization varied strongly by age.

61 +

US regulator warns investors on proof-of-reserves unreliability

The US Public Company Accounting Oversight Board (PCAOB) has released an investor advisory document for crypto users. The report claims that the proof-of-reserve (PoR) reports are “inherently limited,” and holders should “exercise caution” when using them as reassurance. According to…

183 +

Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC

Celsius Network established a crypto wallet with $25 million of crypto assets for the lender’s custody account holders to withdraw, Arkham Intelligence said in a report. Eligible customers have withdrawn some $17.

248 +

Over 66 million Americans own crypto: survey

20% of US adults own cryptocurrencies, according to a new Coinbase survey. 76% of crypto holders say blockchain and crypto are the future. Crypto ownership in the US has risen from 16% in 2021. A new survey report has shown that 20% of Americans, which translates to more than 66 million of US adults, own […] The post Over 66 million Americans own crypto: survey appeared first on CoinJournal.

238 +

Trading on major exchanges spiked following collapse of Terra, FTX: BIS report

The report suggests that whales with Binance, FTX and Coinbase “probably cashed out at the expense of smaller holders” by reducing their BTC stockpiles as retail investors bought.

192 +

“We Will Keep The Hope Alive,” DOGE Holders Show Enthusiasm After Elon Musk’s Twitter Coin Revelation

Twitter chief executive Elon Musk has reportedly told developers to make Twitter Coin fiat-based but to build it in a way that can incorporate crypto functionality in the future. The aftermath of the report saw Dogecoin (DOGE) recording gains in the market, rising 6.

231 +

Apecoin [APE] staking might have been its undoing in Q4 2022, new report shows

APE suffered a drop in new holders after the launch of APE staking in Q4 2022. Krill accounts held 70.5% of APE's total supply by the end of Q4 2022. A persistent decline in Apecoin’s [APEThe post Apecoin [APE] staking might have been its undoing in Q4 2022, new report shows appeared first on AMBCrypto.

402 +

Decoding 'State of Avalanche Q4' report for long-term AVAX holders

Avalanche's daily activity was impacted by native projects. The NFT market underperformed. According to a report provided by Messari, projects on Avalanche observed significant improvements The post Decoding 'State of Avalanche Q4' report for long-term AVAX holders appeared first on AMBCrypto.

214 +

Bitcoin [BTC]: Recent price jump has put holders in profit, new report shows

At press time, BTC was trading at a price level last seen in August 2022. The rally in price since the beginning of the year has put many holders in profit. Strong gains between 20 - 22 JanuThe post Bitcoin [BTC]: Recent price jump has put holders in profit, new report shows appeared first on AMBCrypto.

195 +

Is XRP an investor favorite this financial quarter? These updates state that...

Coinshares report showed that investors were accumulating XRP as they dumped BTC and ETH Despite the increased accumulation, holders of XRP were still holding at a loss A recent Coinshares rThe post Is XRP an investor favorite this financial quarter? These updates state that... appeared first on AMBCrypto.

184 +

Why BTC holders shouldn't worry despite LTHs exiting their positions

A new report suggested that long-term Bitcoin holders have been selling off their positions. Despite this, retail and large investors showed interest in the king coin. According to data gathThe post Why BTC holders shouldn't worry despite LTHs exiting their positions appeared first on AMBCrypto.

227 +

Here is what Bitcoin [BTC] holders can expect after the FOMC reports

Bitcoin's price reacted negatively as the FOMC report indicated a rise in interest rates. Bitcoin tested the $18,000 region before falling back, but there are indications of a potential increasThe post Here is what Bitcoin [BTC] holders can expect after the FOMC reports appeared first on AMBCrypto.

233 +

Litecoin [LTC] holders might be ecstatic after reading these updates

Bitpay’s report revealed that LTC payments increased considerably in one year.  On-chain metrics and other LTC achievements suggested that a promising year could be awaited. Litecoin [LTCThe post Litecoin [LTC] holders might be ecstatic after reading these updates appeared first on AMBCrypto.

269 +

Assessing if FTM supporters have a chance at revival amid ‘positive cash flow’

Fantom registered a double-digit uptick as its financial report showed that the project was healthy FTM remained bullish and some long-term holders kept their holdings despite its massive pThe post Assessing if FTM supporters have a chance at revival amid ‘positive cash flow’ appeared first on AMBCrypto.

219 +

Bitcoin [BTC] holders planning to go long should read this first

Bitcoin’s average dormancy witnessed a spike, which indicates higher selling pressure Bitcoin’s volume and MVRV ratio continued to decline. According to a new CryptoQuant report by WenrThe post Bitcoin [BTC] holders planning to go long should read this first appeared first on AMBCrypto.

201 +

New Report Shows That Crypto Whales And Long-Term Holders Had Their Confidence Shaken By FTX Fall

209 +

Tron: Decoding what lies ahead for TRX holders amid the FTX turmoil

Tron’s weekly stats revealed growth in many aspects  Metrics supported a price hike  Tron [TRX] recently posted its weekly report, in which it mentioned all the notable updates regardingThe post Tron: Decoding what lies ahead for TRX holders amid the FTX turmoil appeared first on AMBCrypto.

288 +

Bitcoin’s Lightning Capacity Soars, Why The U.S. Plays A Big Role

One of the largest Bitcoin Lightning Network (LN) node operators, River Financial, recently posted a report on this second-layer payment solution. Previously conceived as an experiment used by savvy BTC holders, the LN is quickly becoming a key component in this blockchain’s ecosystem and its potential ticket into the mainstream. Related Reading: NFTsNexo NFTs Dying? […]

189 +

MATIC long-term holders exiting their position in 2022 need to know this

The Polygon [MATIC] zero-knowledge Ethereum Virtual Machine (zkEVM) is set to launch on its mainnet in 2023. The zkEVM project was contained in the third quarter report prepared by The Tie IO (data anThe post MATIC long-term holders exiting their position in 2022 need to know this appeared first on AMBCrypto.

221 +

Bitcoin: Despite crossing $20k, short-term holders bleed dry this bear season

Bitcoin’s [BTC] rejection of the $20K level last week led to the suffering of short-term holders. As per a latest Glassnode report short-term holders of the asset suffered significant unrealized loThe post Bitcoin: Despite crossing $20k, short-term holders bleed dry this bear season appeared first on AMBCrypto.

222 +

Glassnode: Bitcoin Short-Term Holder Profits Have Been Shrinking For 431 Days Now

Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now. Bitcoin Short-Term Holder Supply In Profit Has Been In Compression Phase Recently According to the latest weekly report from Glassnode, the STH supply in profit usually goes through three phases each cycle. The “supply […]

214 +

Staking providers could expand institutional presence in the crypto space: Report

The recent Ethereum upgrade highlights staking opportunities for institutional holders. In the short term, however, liquidity is still an issue, .

203 +

30% of Shiba Inu Holders Are Now Holding for Long-Term Reasons: Report

More traders are holding onto their positions despite bearish market conditions

141 +

Are Bitcoin short-term holders responsible for current market downturn

Bitcoin's [BTC] decline to the $18,500 price region marked the second-lowest low of the bear cycle. As per Glassnode's latest report, 11.8% of the coin’s supply has been turned into an unrealized loThe post Are Bitcoin short-term holders responsible for current market downturn appeared first on AMBCrypto.

269 +

Bitcoin Long-Term Holders Have Been Selling At A Loss For 4 Months Now

Data shows the Bitcoin long-term holders have been selling their coins at a loss for a period of four months now. Bitcoin Long-Term Holder SOPR Has Remained Below 1 Recently As per the latest weekly report from Glassnode, the BTC long-term holders have continued to sell at a loss in recent weeks. The relevant indicator […]

166 +

64% of staked ETH controlled by five entities — Nansen

New report by Nansen delves into the distribution of staked ETH, respective holders and possible ramifications as The Merge looms.

109 +

Are Bitcoin short-term holders responsible for recent weakness

Analytic firm Glassnode, in a new report, found that the Bitcoin [BTC] market remains highly volatile. Heavily impacted by the downturn of the broader financial markets, the king coin looks uncertain The post Are Bitcoin short-term holders responsible for recent weakness appeared first on AMBCrypto.

204 +

BAYC, CryptoPunks holders might not be elated to read this NFT report

Ethereum [ETH]-based NFT collection, Azuki was the subject of a 311% increase in sales volume over the last 24 hours. According to CryptoSlam, about $703,760 exchanged hands between buyers and selThe post BAYC, CryptoPunks holders might not be elated to read this NFT report appeared first on AMBCrypto.

290 +

Investors Take Bitcoin Off Crypto Exchanges ‘Like Never Before’. A Reason To Cheer?

Arcane Research, a cryptocurrency analysis firm, notes that bitcoin holders have been pulling their BTC off exchanges hysterically in a newly released report.

248 +

BAYC & Moonbird IP Rights Claim for Holders Is False, Says Galaxy Digital Report

Popular non-fungible token collections such as Bored Apes Yacht Club and Moonbirds do not give holders the exclusive intellectual property rights they claim, Galaxy Digital alleged in a new report.

162 +

Not-So-Diamond-Hands: Bitcoin Long-Term Holders Have Shed 150k BTC Since LUNA Crash

Data shows the total supply held by the Bitcoin long-term holders has decreased by 150k BTC since the LUNA crash. Bitcoin Long-Term Holders Have Dumped A Noticeable Amount In The Last Few Months According to the latest weekly report from Glassnode, the BTC LTHs have observed a sustained decrease of 150k BTC since the crash in May.

182 +

Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently

Data released by Glassnode suggests Bitcoin long-term holder behavior has shifted from accumulation to distribution recently. Bitcoin Long-Term Holders Have Shed 222k Coins Off Their Stack Since May As per a new report from Glassnode, the BTC long-term holders have been spending up to 47k BTC per month in recent days.

173 +

Market Wrap: Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

Long-term holders are experiencing high selling pressure from actual and unrealized losses, Glassnode report shows.

138 +

Glassnode: Bitcoin LTHs Who Bought During 2017-2020 Aren’t Selling Yet

Data from Glassnode shows the recent selling from Bitcoin long-term holders has come from those who bought at more recent prices, and not the hodlers who got in during the 2017-2020 cycle. Bitcoin Long-Term Holders Have Been Selling At An Average Loss Of 33% As per the latest weekly report from Glassnode, the BTC long-term holder SOPR has had a value of less than one during recent weeks.

258 +

52,000 BTC Bought by Bitcoin Sharks Over Past Month: Report

Large Bitcoin holders have increased their balances to a total of 4.29 million BTC

164 +

Crypto winter too harsh for ‘tourists’

Bitcoin’s (BTC) price crash has pushed out “market tourists,” and only long-term holders are currently trading the asset, a Glassnode report revealed on July 5. The post Crypto winter too harsh for ‘tourists’ appeared first on CryptoSlate.

186 +

Less than 1% of all holders have 90% of the voting power in DAOs: Report

A user must hold between 0.1% and 1% of the outstanding token supply to create a proposal and hold between 1% and 4% to pass it.

126 +

How Spain Could Force Crypto Holders To Disclose Their Funds

Per a report from local news media Ara, Spain will tighten its approach to crypto and digital assets. The European country repeatedly has one of the largest populations of crypto investors in the region and will seek to implement new regulations to, as per usual, “protect them”.

169 +

Crypto Adoption On the Rise in Canada, New Bank Report Finds

According to a report released by the Bank of Canada, the number of bitcoin holders doubled from 5% in 2020 to 13% in 2021. The post Crypto Adoption On the Rise in Canada, New Bank Report Finds appeared first on BeInCrypto.

174 +

Report Reveals Terra Holders Liquidated Their Holding When Crash Started

The Terra LUNA crash last month sent many investors back in their returns. The crypto market generally crashed the previous month, but the 80% deep dive in Terra wasn’t funny. The panic by the investors to pull out of the crypto crash intensified the fall of many coins.

190 +

Shiba Inu Burn Rate Spikes 190% in 24 Hours: Report

Recently published report shows that burn rate of Shiba Inu has increased drastically, along with number of SHIB holders

73 +

Bitcoin LTHs Realized Significant Losses Recently, Final Capitulation Here?

Data shows Bitcoin long-term holders have realized a significant amount of losses recently, a sign that the final capitulation before the bottom may be here. Bitcoin Long-Term Holder SOPR Shows Average of 27% Losses Being Realized This Week According to the latest weekly report from Glassnode, BTC long-term holders seem to have harvested some losses this week.

247 +

Glassnode: Bitcoin Market Behavior Has Now Returned To Strong Accumulation

Latest data from Glassnode shows investors in the Bitcoin market have shown strong accumulation behavior recently. Bitcoin Holders Show Strong Accumulation For First Time In Months As per the latest weekly report from Glassnode, the BTC accumulation trend score has shown a value of more than 0.

149 +

40% of American Crypto Holders Earn Over $100K Says Federal Reserve Board

A report by the United States Federal Reserve Board has revealed that most U.S. crypto investors hold it for investment purposes and those who do tend to be high-income earners. The post 40% of American Crypto Holders Earn Over $100K Says Federal Reserve Board appeared first on BeInCrypto.

145 +

Shiba Inu Gains Thousands of New Holders in Days as Total Number of Landowners Rises Above 5,000

According to the report, 18,700 plots have been bought so far

148 +

Data: Much Of The Bitcoin Market Has Held Strong Since January 2022

Data shows much of the Bitcoin market distribution is the same since January of 2022, when the crypto hit the $33k bottom. Bitcoin Holders Have Been Unwilling To Spend Amidst Consolidation Since Jan 2022 According to the latest weekly report from Glassnode, the coin price distribution in the BTC market seems to have not changed […]

261 +