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In the past week, Bitcoin faced notable shifts in market dynamics, marked by $2.2 billion in outflows from the Grayscale Bitcoin Trust (GBTC). During this period, the average holding time of transacted Bitcoin hit a record high. Bitcoin’s average holding time of transacted coins reached a record high this week amid $2.2B GBTC outflows.đź”—https://t.co/1N4oOlUnxu pic.twitter.com/fmUFwtI38I … Read more
The cryptocurrency market is abuzz with discussions surrounding SatoshiVM (SAVM), a newcomer that has quickly made waves since entering the scene on January 19, 2024. Within a short span, SAVM has witnessed an impressive 20% increase in its value, capturing the interest of traders and enthusiasts. However, recent developments have introduced a degree of uncertainty … Read more
In a recent bout of market turmoil, the trading pair involving Circle’s USDC dollar and Tether’s USDT on Binance witnessed a sudden drop to $0.76 and $0.8 at UTC+8 20:00 and 20:15, respectively. Shortly thereafter, the values swiftly normalized. A similar dip was observed on OKX, with the trading pair reaching $0.955 around 20:00. In … Read more
As of the writing of this article, Bitcoin is undergoing a slight 1% decline in its price, currently resting at $42,753. Despite this, the primary cryptocurrency has showcased a remarkable 157% increase since the commencement of the year. However, it still lags 37% behind its all-time high (ATH) achieved in November 2021, peaking above $68,788. … Read more
In an unprecedented revelation, it has surfaced that more than 80% of the entire Bitcoin supply has remained inactive for the past six months, indicating a significant shift toward a long-term investment approach among Bitcoin holders. JUST IN: Over 80% of all #Bitcoin has not moved in the last 6 months, marking a new ALL-TIME … Read more
Bitcoin miners are the main beneficiaries of current sky-high transaction fees, data shows, but many longtime market participants have little time for complaints. Go to Source
The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy. Go to Source
Bitcoin price opened the week with a sharp sell-off, but on-chain and technical data points to a much-needed cooling-off period. Go to Source
M&G invests $20 million in Global Futures & Options Holding to open up cryptocurrency derivatives trading to traditional financial institutions. Go to Source
The price of Bitcoin suddenly dropped 6.5% to fall below $41,000 on Dec. 11, wiping out around five days of gains. Go to Source