market fluctuations – DIGIT INFO

Fed Report Explores How Crypto Price Changes Affect Ownership

DIGIT — Sat, 07 Sep 2024 22:30:52 +0000

A report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that cryptocurrency ownership declined during market downturns, despite price increases in bitcoin. Data from multiple surveys showed that crypto interest and ownership did not rise, even as prices surged. The report suggests further research into consumer behavior in response to market fluctuations […]

Go to Source

NFT Sales Dip 3.86% in the Past Week, Ethereum Dominates With $32M Revenue

DIGIT — Sat, 13 Jul 2024 13:32:12 +0000

Over the past week, non-fungible token (NFT) sales declined by 3.86% compared to the previous week. Leading the market, Ethereum-based NFT sales reached $32.81 million, which was approximately 10.06% lower than the previous week’s revenue. Weekly Digital Collectibles Sales Slide Following an 8% increase last week, sales of digital collectibles have declined. This week, NFT […]

Go to Source

Dormant Bitcoin Wallets From 2010-2017 Transfer $294M in June

DIGIT — Tue, 02 Jul 2024 13:35:57 +0000

Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was from addresses created in 2016, with 2,442.302 BTC exchanged across 14 transactions. 4,681 BTC Moved From Long-Inactive Wallets While BTC faced considerable fluctuations in June, bitcoins from long-inactive wallets transacted […]

Go to Source

Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023

DIGIT — Thu, 20 Apr 2023 19:49:55 +0000

Bitcoin miners are contending with the fifth network difficulty increase since February 24, 2023, following a 1.72% rise on April 20 at block height 786,240. The network’s difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since block height 778,176. Bitcoin’s Difficulty Has Risen More Than 22% Since Block […]

Go to Source

US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year

DIGIT — Wed, 12 Apr 2023 16:15:06 +0000

On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools […]

Go to Source

Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower

DIGIT — Tue, 21 Feb 2023 21:30:26 +0000

Eight days ago, Paxos announced that the company would no longer mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding lower as redemptions have become more prominent. Meanwhile, a data researcher from Nansen has discovered that Binance, the largest cryptocurrency exchange by trade volume, has increased its usd coin holdings by […]

Go to Source

Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis

DIGIT — Tue, 21 Feb 2023 19:30:57 +0000

According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto […]

Go to Source

Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions

DIGIT — Sun, 01 Jan 2023 19:00:55 +0000

2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on in 2023. Examining the Top […]

Go to Source