Litecoin has seen a rapid surge in active addresses. It is the most widely used cryptocurrency in the world right now. Bitcoin and Ethereum are shamed and stand quietly by. According to data from the on-chain analytics firm Santiment, the Daily Active Addresses have recently seen a big jump for LTC. This metrics refers to an indicator that keeps track of the total number of addresses taking part in some transaction activity on the network daily. It takes into account both senders and receivers and only counts the unique number of such addresses. In general, this indicator may be used as a proxy for the amount of traffic the Litecoin blockchain receives. So, the more addresses are making moves on the network, the higher is the interest in the asset. In May alone, the Litecoin Daily Active Addresses have observed extraordinarily high values. The average quantity of active Litecoin addresses in April was around 345,000. And in May it spiked to a whopping 700,000. “More people using Litecoin than any other crypto right now!” notes the official LTC X account. Litecoin has historically been one of the most popular cryptocurrencies. Unlike Bitcoin, Litecoin offers really cheap and blazingly fast transactions. Meanwhile, LTC’s price has been stagnant for a while. It seem that users don't like to store value in Litecoin. They see it as the payment means and nothing more.

Donald Trump, a Presidential candidate and a felon, met some crypto miners and made some unbelievable statements. Bitcoin to be Made in USA, he said. As Yellow.com already highlighted, Trump wants to be America's first Bitcoin President. He started with accepting crypto donations for his campaign. Now he is going even further than that. According to Cointelegraph, Trump showed his support for the crypto mining industry after executives pitched him on how they could strengthen the electrical grid and create new jobs. Trump claims that “all the remaining Bitcoin to be MADE IN THE USA!!!” as it would help the country be “energy dominant.” The ex-president also mentioned the dangers of CBDC (central bank digital currency). Trump thinks Bitcoin is the country’s “last line of defense” against CBDC. This bold statement comes despite the fact that Federal Reserve Chair Jerome Powell said in March the U.S. was “nowhere near recommending or let alone adopting a central bank digital currency in any form.” Trump might be referring to some of his supporters. They often claim that Joe Biden's hatred towards cryptocurrencies helps China, Russia and radical communists. For instance, Biden has proposed a 30% electricity tax on Bitcoin miners in the country. Miners aren't happy, to say the least.

Famous investor Bill Miller says he’s “still betting on Bitcoin.” The leading crypto has enormous potential to rise despite currently trading close to all-time highs, the billionaire thinks. In his recent blog post, Miller claims that Bitcoin’s “intrinsic value” is “many multiples” of its market cap today. “I believe that continuing to ignore Bitcoin will serve those who do it over the next decade as well as it has over the past one - not well,” he concluded. Moreover, Miller claims that BTC is at the center of a “secular shift around how humans think about capital and its governance.” According to Miller, Bitcoin has a very simple promise. This is the promise of freedom. Because someone’s purchasing power should not be controlled by an authority tied to the circumstances of one’s birth, Miller claims. With all that said, Miller comes to a conclusion that Bitcoin’s $1.5 trillion market cap is just a small fraction of a percent of its total addressable market. Blockchain-based accounting is “far superior” to all fiat alternatives, the investor added. These revelations come as no surprise. Miller has been one of Bitcoin’s most vocal high-net-worth proponents for many years. Back in 2015 - when Bitcoin was far from the popularity it has now - Miller Value Partners published “A Value Investor’s Case For Bitcoin.” In this publication Miller stated that Bitcoin “could have enormous upside if it catches on” as a store of value similar to gold. Also Miller was one of the first influencers who claimed Bitcoin could go as far as to $314,000 per coin. It seems bold even now, when we are stuck with BTC price below $70,000 for weeks. What can we say about the times when one Bitcoin could change hands for $500? “Humans are notoriously bad at contextualizing the relevance and potential of new technologies,” Miller said back then. Anyone who is even vaguely familiar with Miller's bio could agree the man has a talent. When he was a beginning investor, his portfolio outperformed the stock market for fifteen straight years - from 1991 to 2005. He literally became a legend after buying Amazon stocks in 1997. Those bad boys skyrocketed over 205,000% since.

Bitcoin has the longest consolidation period ever. The leading cryptocurrency is stuck around $70,000 and some analysts say it is for good. The bull cycle is far from over, they claim. For instance, popular crypto analyst and trader Mags highlighted that current consolidation phase of BTC is the longest in its history. But that only means we are in the midst of an ongoing bull cycle, Mags says. According to him, this extended period of consolidation often precedes substantial volatility, which raises the possibility that Bitcoin could be preparing for a big comeback. According to Mags, before entering price recovery, BTC often consolidates around its all-time highs, as seen in past bull cycles. However, the current consolidation is the longest of all of them. As of now, for a record-breaking amount of time (87 days), Bitcoin has been trading in an extremely narrow range. That has never ever happened before. Consolidaton periods usually last from 20 to 40 days, tops. During the 2021 bull cycle, BTC consolidated for about 48 days before breaking out on the upside. Also, in 2020, BTC witnessed a 21-day consolidation period before regaining its upward momentum. Current consolidation has already taken twice longer than was expected. And Mags claims there will be a huge upside rise whenever the price breaks out of this stabilizing phase. And he is not alone in this belief. Another famous crypto expert Milky Bull sounds very positive about BTC surging in the near future. “The longer the consolidation the higher it moves when it breaks out,” the expert says. Milky Bull is ready to go as far as to predict that Bitcoin will break out to the $85,000 price level. And then go even higher, up to the $110,000 mark.

Bitcoin's in the spotlight again. This time, it's all about its disappearing act from exchanges. In just one week, a whopping 22,647 BTC were pulled out. That's huge. Let's try to figure out what's going on and why is it important. To begin with, these withdrawals weren't just from small players. Major exchanges like Binance, Coinbase, and Kraken saw significant Bitcoin exits. What does this mean? In basic terms, investors are choosing to hold their Bitcoin rather than keep it on exchanges. This usually signals a bullish trend. We've all learnt that from previous crypto cycles. Analysts are buzzing about this. When so much Bitcoin leaves exchanges, the available supply tightens. Now what does that tell you? Basic economics: less supply, steady or higher demand, prices go up. Everyone's now watching to see if this trend continues. It's not just individual holders making moves. Big institutional players are in the game too. These large-scale withdrawals hint at strategic market plays and long-term confidence in Bitcoin's value. Crypto analyst Ali Martinez was among the first to report these massive withdrawals. He thinks that such movements often predict price rallies. And there is enough historical data that backs this up. When Bitcoin exits exchanges, prices usually climb. Golden rule, you know. This aligns with recent bullish sentiments. With Bitcoin halving coming up and growing adoption, many believe a price surge is imminent. Less Bitcoin on exchanges means less immediate selling pressure. That's good news for hodlers. But, let's keep it real. The crypto market is volatile, as we all know. Sudden regulatory changes or macroeconomic shifts could impact Bitcoin's price trajectory. And next event of this kind mind be just around the corner. Anyway, the large-scale Bitcoin withdrawal from exchanges is a big deal. It shows strong investor confidence and hints at a bullish market ahead.