South Korea’s crypto user base surged to 15.6 million in November, surpassing 30% of the population.
]]>
According to the latest figures, 32 dormant bitcoin transactions have surfaced during the first two weeks of September 2024, with a hefty 2,253.54 BTC spent so far. When it comes to the biggest spenders, btcparser.com shows wallets dating back to 2016 took the lead, moving a total of 1,549.51 BTC through nine separate transactions. 32 […]
]]>In recent months, Long-Term Holders (LTH) have been consistently locking in around $138 million in daily profits despite turbulent market conditions. This steady flow of profits underscores the ongoing supply and demand dynamics, where each transaction involves a buyer and a seller, with price adjustments balancing these forces. This $138 million daily sell-side pressure from LTHs suggests a significant amount of capital is required each day to absorb this supply and keep prices stable. Amidst tumultuous market conditions as of late, Long-Term Holders have been locking in a reasonably consistent $138M in profit per day. With each transaction, a buyer
The post Long-Term Holders Secure $138M Daily As Bitcoin Market Shows Mixed Signals appeared first on The Merkle News.
]]>
In a modest yet positive development, U.S. spot bitcoin exchange-traded funds (ETFs) saw a net inflow of $39.5 million, even as the ETF ARKB experienced a substantial outflow of $87.5 million. Despite ARKB’s significant outflow surpassing that of GBTC, Grayscale’s Bitcoin Trust also faced a reduction, with approximately $81.9 million being pulled from its funds. […]
]]>Avalanche AVAX, the layer one Blockchain serving as a versatile platform for decentralized applications and custom Blockchain networks, witnessed a remarkable surge last month, soaring over 102% and achieving its peak for the year at $24.54 during November. Delving into the Avalanche Ecosystem, insights from Intotheblock reveal noteworthy dynamics. Over the past year, the ecosystem experienced significant volatility in volume. After a period of declining volumes, November marked a robust resurgence, with total weekly transaction volumes hitting levels not seen since May 2022. Explore the Avalanche ecosystem with our latest Perspective. This curated set of dashboards is key for understanding
The post Avalanche’s AVAX Ecosystem Growth Unveiled As It Hits 102% Spike Lately appeared first on The Merkle News.
]]>
Traders believe that Bitcoin’s low volatility is a bull market signal, but their bias could be preventing them from acknowledging potentially negative macro outcomes.
]]>
Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022. Tether Supply Is […]
Powered by WPeMatico
]]>
Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the […]
Powered by WPeMatico
]]>
After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, we’ve got a new entrant to the meme coin scene that launched on the Solana network. The crypto asset bonk inu (BONK) has a circulating token supply of around 41.5 trillion and […]
Powered by WPeMatico
]]>
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia Talks Regulation in New Report Devoted to Digital Assets […]
Powered by WPeMatico
]]>