Market Activity – DIGIT INFO

Ethereum Foundation Cashes Out: 300 ETH Sold in Latest Move

DIGIT — Fri, 20 Sep 2024 16:05:57 +0000

The AI-powered sleuth Spot On Chain dropped a bombshell on X today: the Ethereum Foundation just offloaded 300 ETH, pocketing a cool 763,092 DAI. “Overall, since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.27M) at an average price of $2,392, with sales occurring every 4-7 days,” Spot On Chain dished out […]

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Glassnode Reports Rising Bitcoin Hashrate, ETF Outflows, and Lower Investor Engagement

DIGIT — Tue, 10 Sep 2024 18:45:30 +0000

Glassnode’s latest report reveals a persistent rise in Bitcoin’s hashrate despite falling revenues for miners. Concurrently, investor engagement with exchanges and trade volumes are showing a notable decline, reflecting reduced appetite for speculation. Miners Persist Amid Bitcoin Market Challenges as Investors Reduce Activity Bitcoin miners continue to demonstrate resilience, as highlighted in Glassnode’s onchain report. […]

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Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move

DIGIT — Sun, 04 Aug 2024 13:20:22 +0000

In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the Reawakening of 2017 Bitcoin Wallets? Last month, sleeping bitcoin wallets from 2017 moved about 1,636.94 BTC through 23 distinct transactions. […]

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Google Trends Shows Ethereum Interest Rising Rapidly as ETF Launch Approaches

DIGIT — Tue, 16 Jul 2024 18:10:54 +0000

According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving from a score of 71 to […]

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Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024

DIGIT — Tue, 02 Jul 2024 19:35:47 +0000

Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in […]

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Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

DIGIT — Mon, 13 Mar 2023 19:30:47 +0000

On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and […]

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NFT Market Sales Climb 16% Higher; 43.48% Increase in Buyers in Third Week of 2023

DIGIT — Sun, 22 Jan 2023 18:30:37 +0000

Closing out the third week of January 2023, non-fungible token (NFT) assets saw a 16.39% increase in overall sales. 320,580 buyers participated in the NFT market action this past week, an increase of 43.48% compared to the week prior. $256.69 million in NFT sales were recorded over the last seven days, with $206.06 million being […]

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Biggest Movers: Tron Moves to 1-Week High, as Thorchain’s RUNE Nears Lowest Level Since January 2021

DIGIT — Thu, 19 May 2022 16:30:47 +0000

Tron rallied during today’s session, as it headed towards a one-week high, following recent declines. This came as Thorchain’s RUNE continued to trade lower, with today’s drop pushing prices closer to their lowest point since January 2021. Tron (TRX) Tron (TRX) surged towards a seven-day week high during Thursday’s session, as prices rebounded following a […]

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