- CryptoQuant has shared new information about BTC’s UTXO age bands.
- These UTXO age bands are exhibiting probably resistance ranges.
- BTC is at present buying and selling arms at $16,798.04 after a 0.15% drop in worth.
The on-chain information and analytics agency Crypto Quant took to Twitter earlier in the present day to share some new information on Bitcoin’s (BTC) UTXO ( unspent transaction output) age bands. A UTXO is the quantity of digital forex remaining after a cryptocurrency transaction is executed. The Tweet centered on the 1-3 month, 3-6 month, and 6-12 month age bands.
The chart supplied by CryptoQuant signifies that these UTXO age bands are exhibiting probably resistance ranges. The 1-3 month age bands’ resistance lies at $17,8K, whereas the resistance for the 3-6 month band lies at $21.4K. The resistance for the 6-12 month age band lies at $34.4K.
The quantity of unspent BTC UTXO means that little or no new individuals are shopping for BTC, which may have a destructive affect on the value of the crypto.
In keeping with CoinMarketCap, BTC is at present buying and selling arms at $16,798.04 after a 0.15% drop in worth during the last 24 hours. The crypto king was in a position to attain a excessive of $16,878.76 and a low of $16,790.28 over the identical time interval.
BTC is, nevertheless, nonetheless within the inexperienced by 1.42% during the last seven days. The crypto was additionally in a position to strengthen towards its greatest competitor, Ethereum (ETH) by about 0.12% during the last day. Wanting on the crypto king’s month-to-month efficiency, we see that BTC is down by 0.99% during the last thirty days.
Additionally within the purple zone is BTC’s 24-hour buying and selling quantity which at present stands at $14,049,485,103 after a greater than 13% lower since yesterday. The market chief’s market cap at present stands at $323,335,742,859.
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