Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Texas a step away from creating official Bitcoin Reserve

2025-05-08

SEC takes into account crypto exemption to streamline tokenized securities trade

2025-05-08

Solana’s software supports these Layer-1’s

2025-05-08
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Solana’s software supports these Layer-1’s

    2025-05-08

    Element goes live on abstract blockchain to power the next generation of modular daps

    2025-05-08

    Camino works together with Lufthansa Systems and Swiss to stimulate innovation in the travel industry

    2025-05-08

    How Plume is planning to scale tokenized real estate to $ 4 trillion by 2035

    2025-05-08

    Hadron integrates chain analysis by Tether, represents a new standard informing tokenization

    2025-05-08
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase adds Gold-Pegged Stablecoin Paxg to the list of route map

    2025-05-08

    XRP is forming bullish reverse dragon head pattern, how high can the price go?

    2025-05-08

    Bitcoin is recovering, but the market is still sharp with short -term holders near Breakeven

    2025-05-08

    Analysts say that $ 2,500,000,000,000,000 ‘avalanche’ of selling could reach the US dollar, warning trade wars threaten Greenback’s profession: report: report

    2025-05-08

    Dogecoin (doge) blinks bullish signals – is a large meeting on the horizon?

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»All eyes are on Bitcoin as the third quarter comes to a close
Bitcoin

All eyes are on Bitcoin as the third quarter comes to a close

2023-09-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Bitcoin’s average number of daily transactions rose to 522,000 in September.
  • The reserve risk indicator suggested that the price of BTC was at a market bottom.

Investors continued to monitor the situation closely Bitcoins [BTC] price, which one remained above the $26,000 mark at the time of writing. Additionally, on September 28, Messari posted an analysis highlighting the king coin’s performance on multiple fronts in recent weeks.

Check out our latest Bitcoin Brief on all things BTC, including the latest news on Runes, Grayscale and MicroStrategy. https://t.co/GucLHkmpPg

— Messari (@MessariCrypto) September 28, 2023


Read Bitcoins [BTC] Price prediction 2023-24


SEC and Bitcoin

Messari’s report started with highlights from the ETF and SEC episodes. For the uninitiated, a federal judge ordered the SEC to review Grayscale’s request for a spot Bitcoin ETF on August 29. This incident caused BTCThe price of Bitcoin will rise as the prospects for a Bitcoin spot ETF increase.

However, the price increase was transitory as the price fell back to previous levels in just two days.

While this was happening, MicroStrategy, one of the largest BTC holders, increased its accumulation. According to an SEC filing filed on September 25, MicroStrategy had nearly 5,445 Bitcoin stored for $147 million, increasing the company’s total BTC holdings to 158,245 BTC.

Bitcoin’s network activity is commendable

In addition to the aforementioned updates, Messari’s report also highlighted Bitcoin’s network activity. For example, BTC Ordinals, which gained a lot of popularity immediately after its creation, continued to show strong upward momentum.

Over the past month, there have been 7.7 million entries on Bitcoin, which is an increase of 20% from the previous month. In fact, Inscriptions also accounted for more than 20% of total bitcoin transaction fees in September, which looked encouraging.

Source: Messari

Messari’s analysis found that the number of Bitcoin transactions remained relatively stagnant between 2021 and 2022. However, this changed with the emergence of inscriptions in early 2023.

See also  Bitcoin: Whales remain active despite bearish trend

In September, the average number of daily transactions rose to 522,000, which was an increase of 12% compared to the previous month.

Furthermore, Bitcoin’s active addresses had a breakthrough in September, crossing the 1 million threshold. According to the report, the daily average number of active addresses reached 1.04 million, which was an increase of 9% compared to August.

Source: Messari

Should investors have high expectations for BTC?

While several metrics recorded increases over the past month, the king of cryptos’ price action remained relatively less volatile. From CoinMarketCapthe price of BTC has only increased by 1% over the past seven days.

At the time of writing, it was trading at $26,963.98 with a market cap of over $525 billion.

Messari’s analysis also included a look at BTCthe reserve risk. The reserve risk indicator measures the confidence of long-term holders towards the price of BTC.

At the time of writing, reserve risk remained near critical historical levels, previously in line with market bottoms.

Source: Glassnode


Is your portfolio green? look at the BTC profit calculator


Additionally, LunarCrush’s facts revealed that bullish sentiment around BTC has also increased by more than 6% over the past seven days.

Considering the numbers mentioned above and the price of BTC almost touching the $27,000 mark, investors could witness a bull rally in the coming days.



Source link

Bitcoin close Eyes Quarter
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Texas a step away from creating official Bitcoin Reserve

2025-05-08

Arizona follows New Hampshire: Bitcoin Reserve Bill ‘Signed in Law’

2025-05-08

Since Bitcoin is approaching $ 100k, profitable concern causes: what kind of BTC is said?

2025-05-08

Bitcoin Fed Outlook – Will the lower rates BTC take to $ 200K by December 2025?

2025-05-08
Add A Comment

Comments are closed.

Top Posts

Bitcoin Price Signals Bearish Continuation But Bears Losing Strength

2023-08-22

Major NFT Collections Post Double-Digit Monthly Losses as Floor Prices Drop

2023-08-24

Stablecoin Bill could reach Trump’s agency within two months, says Bo Hines

2025-03-18
Editors Picks

How Ethereum HODLers pegged Bitcoin to second place

2023-08-30

‘APE Water’ drink launches at Metaverse Boutique ARTCADE

2023-07-09

The elusive Bitcoin $30,000 price range could be down to this metric

2023-07-31

XRP Price Heading Toward Crucial Resistance At $0.8 – Here’s What The Next Move Could Be

2023-07-18
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Texas a step away from creating official Bitcoin Reserve

SEC takes into account crypto exemption to streamline tokenized securities trade

Solana’s software supports these Layer-1’s

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$101,404.925.33%
  • ethereumEthereum(ETH)$2,122.9118.19%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.267.17%
  • binancecoinBNB(BNB)$620.213.60%
  • solanaSolana(SOL)$160.389.88%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.19068712.31%
  • cardanoCardano(ADA)$0.7412.47%
  • tronTRON(TRX)$0.2546972.76%
  • suiSui(SUI)$3.9019.70%
  • chainlinkChainlink(LINK)$15.5214.08%
  • avalanche-2Avalanche(AVAX)$21.4511.03%
  • stellarStellar(XLM)$0.2836799.80%
  • shiba-inuShiba Inu(SHIB)$0.00001411.75%
  • bitcoin-cashBitcoin Cash(BCH)$417.8116.89%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.22%
  • piPi(PI)$0.649.92%
  • hedera-hashgraphHedera(HBAR)$0.1911539.81%
  • the-open-networkToncoin(TON)$3.206.85%
  • hyperliquidHyperliquid(HYPE)$22.9310.27%
  • litecoinLitecoin(LTC)$92.805.18%
  • polkadotPolkadot(DOT)$4.3310.98%
  • moneroMonero(XMR)$296.395.90%
  • daiDai(DAI)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$4.445.84%
  • ethena-usdeEthena USDe(USDE)$1.00-0.07%
  • pepePepe(PEPE)$0.00001129.92%
  • bittensorBittensor(TAO)$413.0215.37%
  • uniswapUniswap(UNI)$5.6117.22%
  • aptosAptos(APT)$5.3212.32%
  • nearNEAR Protocol(NEAR)$2.6216.93%
  • okbOKB(OKB)$52.644.12%
  • ondo-financeOndo(ONDO)$0.9511.38%
  • aaveAave(AAVE)$197.6716.95%
  • ethereum-classicEthereum Classic(ETC)$18.0113.03%
  • internet-computerInternet Computer(ICP)$5.0812.42%
  • gatechain-tokenGateToken(GT)$21.793.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25015515.68%
  • crypto-com-chainCronos(CRO)$0.0973066.96%
  • kaspaKaspa(KAS)$0.0978527.66%
  • mantleMantle(MNT)$0.755.58%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.4215.18%
  • render-tokenRender(RENDER)$4.6412.82%
  • vechainVeChain(VET)$0.02748312.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.8612.31%
  • algorandAlgorand(ALGO)$0.21898912.14%
  • ethenaEthena(ENA)$0.32147621.48%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7615.24%
  • bitcoinBitcoin(BTC)$101,404.925.33%
  • ethereumEthereum(ETH)$2,122.9118.19%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.267.17%
  • binancecoinBNB(BNB)$620.213.60%
  • solanaSolana(SOL)$160.389.88%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.19068712.31%
  • cardanoCardano(ADA)$0.7412.47%
  • tronTRON(TRX)$0.2546972.76%
  • suiSui(SUI)$3.9019.70%
  • chainlinkChainlink(LINK)$15.5214.08%
  • avalanche-2Avalanche(AVAX)$21.4511.03%
  • stellarStellar(XLM)$0.2836799.80%
  • shiba-inuShiba Inu(SHIB)$0.00001411.75%
  • bitcoin-cashBitcoin Cash(BCH)$417.8116.89%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.22%
  • piPi(PI)$0.649.92%
  • hedera-hashgraphHedera(HBAR)$0.1911539.81%
  • the-open-networkToncoin(TON)$3.206.85%
  • hyperliquidHyperliquid(HYPE)$22.9310.27%
  • litecoinLitecoin(LTC)$92.805.18%
  • polkadotPolkadot(DOT)$4.3310.98%
  • moneroMonero(XMR)$296.395.90%
  • daiDai(DAI)$1.00-0.02%
  • bitget-tokenBitget Token(BGB)$4.445.84%
  • ethena-usdeEthena USDe(USDE)$1.00-0.07%
  • pepePepe(PEPE)$0.00001129.92%
  • bittensorBittensor(TAO)$413.0215.37%
  • uniswapUniswap(UNI)$5.6117.22%
  • aptosAptos(APT)$5.3212.32%
  • nearNEAR Protocol(NEAR)$2.6216.93%
  • okbOKB(OKB)$52.644.12%
  • ondo-financeOndo(ONDO)$0.9511.38%
  • aaveAave(AAVE)$197.6716.95%
  • ethereum-classicEthereum Classic(ETC)$18.0113.03%
  • internet-computerInternet Computer(ICP)$5.0812.42%
  • gatechain-tokenGateToken(GT)$21.793.32%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25015515.68%
  • crypto-com-chainCronos(CRO)$0.0973066.96%
  • kaspaKaspa(KAS)$0.0978527.66%
  • mantleMantle(MNT)$0.755.58%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.4215.18%
  • render-tokenRender(RENDER)$4.6412.82%
  • vechainVeChain(VET)$0.02748312.70%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.8612.31%
  • algorandAlgorand(ALGO)$0.21898912.14%
  • ethenaEthena(ENA)$0.32147621.48%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7615.24%