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Independent media about the blockchain industry. Crypto Investor - @cryptoinvestorBitcoin NFT - @Cripto_NFT0 Manager - @Informator_one
💰 Bitcoin Addresses With Over $1K of #BTC Hits Record 8M, Data Shows
The number could grow exponentially, representing a tremendous amount of purchasing power yet to buy.
Crypto News
During Bitcoin's rise above $34,000 tonight, almost half of the volume in BTC spot trading was generated on the OKX crypto exchange. This indicator is calculated among the five top trading platforms represented by Binance, Bybit, Kraken, Coinbase and OKX itself.
Here's a chart from Kaiko.
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Total cost recorded in popular L2 chains
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MicroStrategy has entered into an agreement to sell additional shares of up to $750,000,000 to buy bitcoin.
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The Floki meme coin team has achieved a listing on one of Turkey's leading cryptocurrency exchanges, Bitci, with over 5 million users.
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⚒Bitcoin miner Bitfarms mined 459 BTC in May
Mining difficulty has increased by 44.9% since the beginning of the year (5.2% in May), while the price of bitcoin has gained approximately 63.5%, the firm noted. This gap led to an increase in the yield of cryptocurrency mining by 26.7% in terms of USD / TH.
Bitfarms Mining Director Ben Gagnon stressed that the company’s hash rate remained unchanged month-on-month at 5 EH/s. According to him, one of the factors behind the growth in BTC production was a “temporary jump” in transaction fees.
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One sign of a bearish trend is a significant drop in the volume of cryptocurrency transfers. As Glassnode analysts note, Bitcoin users are now sending the equivalent of $2.73 billion a day through the network.
That's down as much as 79 percent from the peak numbers recorded during the bull run in 2021. Here's the corresponding graph.
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IntoTheBlock analysts note a tangible increase in the volume of large ETH transactions this week. If on April 9 the total amount was 708 thousand ethers, then yesterday it exceeded 2.6 million coins.
Perhaps, it's the activation of large investors, who decided to take up staking, given the current support for withdrawal of cryptocurrency from it.
💰 Coinbase released a video promoting the use of cryptocurrencies for cross-border payments.
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Shiba Inu lead developer Shitoshi Kusama said that Shibarium will provide low, near-zero transfer fees when processed within a couple of seconds.
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Meanwhile, Bitcoin addresses with less than 100 BTC had 40 percent of all coins in circulation. This was the first time since 2011, indicating the popularity of cryptocurrencies among relatively small investors.
Experts speculate that with the closure of Silvergate Bank this week, owners of large capital may now find it harder to get involved with digital assets.
CryptoQuant: there was a distribution from weak to strong hands and now the lion's share of BTC supply is again controlled by "long term" holders = historically bullish
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Since the beginning of February 2023, the number of cryptocurrencies worldwide has decreased by 1,070 units to 37,381 devices. Obviously, the demand for digital assets, given the bearish trend, is not the best right now, so operators of such devices are trying to reduce their own costs.
Such is the trend.
The price of the FLOKI token rose by 35.5% after a series of tweets by Elon Musk calling Floki the new CEO of Twitter.
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PeckShield specialists traced how a hacker who stole $120 million worth of cryptocurrency from the BonqDAO protocol has already laundered $2 million worth of ETH through mixers.
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💰 Trillions of dollars will flow into #Bitcoin if the SEC approves the spot ETF.
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This week, Bitcoin miners sold more than 20 thousand BTC, which was a record amount since April 2023. As analysts note, the activity of ASIC owners also affects the current drawdown of the coin market.
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Popular decentralized crypto exchange SushiSwap now also supports Consensys' Linea network. In general, the platform has more than enough supported blockchains - there are 29 of them in total.
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Bitcoin is holding above $30,000. We had an unexpected rally that week as the court made a favorable decision in the Ripple-SEC case. This week, significant events that can move the market are unlikely to happen, so far investors can rethink their positions. But next week we are waiting for the Fed's decision on the rate.
Meanwhile, there is an increasing influx of funds into the Canadian bitcoin ETF: while applications are only being submitted for it in the USA, the neighbors have already done everything. True, American investors are limited in access to the Canadian market, but when such ETFs are approved in the United States, it can pour billions of dollars into the crypt.
• fear and greed index 54— "Neutral"
• market capitalization — $1.21 trillion
• Bitcoin dominance — 48.4%
• altseason index — 18
Crypto News
Since the beginning of 2023, Bitcoin has delivered excellent growth of more than 60 percent, allowing it to outperform many traditional tools for investing.
However, other cryptocurrency-related phenomena have performed even better. We are talking about the shares of publicly traded BTC miners called Riot Blockchain and Marathon Patent Group.
As you can see from the chart, they increased in price several times more. Such is the case.
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Bitcoin users are slowly beginning to interact with the blockchain. Still, the number of active addresses on the network was unusually small. The reason for that was high transaction fees on the background of the mass popularization of NFT on Ordinals and BRC20-tokens.
Now the figure has reached 960 thousand units for the first time since the third day, analysts say Santiment. Next, we expect the norm near the level of one million addresses.
Crypto News
The number of ETH in the stacking of the Etherium network (purple) exceeded the level of 18.9 million coins. This is a record figure, which means that the launch of cryptocurrency withdrawals from stacking in mid-April has not made the work of validators less popular.
To illustrate: over the past 24 hours, 104 thousand ethers were sent to Staking Eth, but only 10 thousand coins were withdrawn.
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✅ Ethereum Price Prediction – $3,000 By End of 2023 Will Lag Returns on This New Shiba Inu Coin
✳️ Ethereum (ETH), the second most valued cryptocurrency, maintained its upward stance and climbed above the ,800 mark early Saturday. Ethereum had recently reached an eight-month high at the ,900 mark, but it was a short-lived spike as it dropped below that level afterward.
Despite this, the overall market sentiment remains positive as Ethereum’s price is…
According to blockchain analysts, after the CFTC filed a lawsuit against Binance, the cryptocurrency exchange withdrew the equivalent of more than $2.2 billion in coins and tokens. At the same time, crypto-assets worth 1.3 billion were added to the exchange during this period.
So platform users are clearly not panicking. In addition, at the end of 2022, amid rumors about the alleged insolvency of Binance, much larger volumes of coins were withdrawn from it.
March is getting better for Bitcoin - and the cryptocurrency market in general. Although January is still much more profitable 🤩🚀
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Stablecoins USDC ($0.902), DAI ($0.93) and USDD ($0.94) have lost their peg to the dollar.
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The price of the XMON token fell by 80.7% to $4662 after the lock on sudoswap ended.
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NYDIG analysts note a gradual increase in the dominance of Bitcoin in the total capitalization of all cryptocurrencies. This trend has been especially noticeable since the second half of 2022.
Apparently, some investors perceive BTC as a safer bet in the current environment. This has also become relevant given the rhetoric from SEC officials that many cryptocurrencies may be recognized as securities.
This is tentatively not the case with Bitcoin.
Now the Phantom crypto wallet supports the Sign In With standard, which will improve user security and protection against phishing attacks.
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Representatives of DeveloperReport platform shared the results of a study on the number of developers in different blockchains. The leader in terms of growth rate over the past year among projects that have at least a thousand developers was Solana.
Its number of devs grew 83 percent over the year. Second and third places go to Polygon and Cosmos. Their figures are 40 and 25 percent respectively.
Etherium's growth rate is predictably lower. At the same time, the number of developers in this blockchain is heading toward 6,000 units.