Bitcoin exchange reserve metric hits 3-year low
Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin. Go to Source
Supply
Auto Added by WPeMatico
Crypto exchanges see $3B Ethereum exit since ETF approvals
Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years. Go to Source
Bitcoin exchange-traded products now hold over 1 million BTC
The collective total held by all Bitcoin ETFs globally is now more than 1 million coins, currently worth almost $68 billion. Go to Source
Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin
ETH price continues to trail far behind Bitcoin’s year-to-date gains even after the crypto market responded positively to today’s CPI print. Go to Source
Record-Breaking Revelation: Over 80% Of Bitcoin Unmoved In The Last 6 Months
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
Rising M2 money supply will see crypto become ‘supermassive black hole’: Raoul Pal
Historically, the cryptocurrency market has benefited from the rise in global money supply as the majority of the bull runs in the past coincided with the rise in fiat supply. Go to Source
Why the 2024 Bitcoin halving may play out differently than in the past
While the halving event is considered one of the main catalysts for Bitcoin bull markets, it may play out differently next year. Go to Source
Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set on May 8, 2022. Stablecoin … Read more
New ‘Pepe the Frog’ Crypto Token Becomes Sixth Largest Meme Coin by Market Cap
A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called Pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset in terms of market capitalization, valued at just over $130 million. … Read more
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. … Read more
