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Bitcoin LTHs cash out at 326% gains: Can new demand keep BTC stable?
As Bitcoin’s [BTC] price continues its impressive rally, long-term holders are seizing the opportunity to cash out, realizing gains of approximately 326% on their investments with an average entry price of $23.4K. This surge in profit-taking has added selling pressure to the market, yet BTC has demonstrated remarkable resilience, absorbing the increased supply. But what’s driving these LTHs to sell now? And how are new investors stepping in to sustain the market’s upward momentum? Strategic profit-taking or market pessimism? Long-term BTC holders are capitalizing on the current rally, realizing an average 326% profit with an entry cost of $23.4K. This...
TRON PRICE ANALYSIS & PREDICTION (August 12) – TRX Resumes Bullish After Reaccumulating, Where Is It Heading Next?
Today, most altcoins across the crypto market appear calmer after charting a significant gain in the past few days. Mid-cap token like Tron is waxing stronger with no signs of slowing down at the moment. The remaining half of July saw TRX through a notable reduction after crossing over into the month on a positive note. Closing that month bearishly, it posted more losses until the price reached $0.117. Considering the selling period as a major retracement phase, the price bounced off this price level after a strong re-accumulation and resumed bullish impulsive at full speed. As seen on the...
Cambodia Blocks Binance, Coinbase, and 14 Other Crypto Exchanges Amid Rising Concerns
Cambodia has blocked access to 16 crypto exchange websites, including major platforms like Binance, Coinbase, and OKX, as part of its effort to regulate the digital asset market. The action, enforced by the Telecommunication Regulator of Cambodia (TRC), targets platforms operating without proper licenses from the Securities and Exchange Regulator of Cambodia (SERC). Cambodia vs. Crypto: New Rules Aim to Curb Illicit Activities It was reported that authorities restricted access to 102 domains in a directive signed by TRC acting chairman Srun Kimsann, focusing primarily on cryptocurrency exchanges and online gambling sites. Authorities have blocked website access, but mobile apps...