Author: NBTC
The realized Bitcoin price represents the average on-chain acquisition cost. It’s a handy metric as it perfectly gauges the market’s valuation baseline at any given point. When dissected through the lens of short-term and long-term holders, it provides insights into the cohorts’ investment horizons and their acute effect on Bitcoin’s price. These cohorts’ 7-day change in realized price provides a much better metric visualization. The 7-day change in realized price for short-term holders reached its three-year high on Mar. 13, at 10.62%. The 7-day change in realized price for long-term holders the same day stood at -0.183%, representing a slight…
From Magic Eden’s degen yacht party to Forbes’ multichain mixer, NFT.NYC offered a spectacle of excess and elitism, and then some more in another episode of #hearsay, a weekly gossip column looking into the sultry underbelly of crypto. Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Every week, crypto.news brings you #hashtag hearsay, a gossip column of scoops and stories shaping the crypto world. If you have a tip, email Dorian Batycka at [email protected] In the wild west of cryptocurrencies, trends come and go…
TL;DR Thorchain, a decentralized liquidity protocol, is experiencing a notable resurgence after facing a series of setbacks. RUNE price has increased by 70% in the last week, with the TVL crossing $500 million. Thorchain’s Streaming Swaps feature continues to gain popularity among traders, with weekly trading volume exceeding $2 billion. Thorchain, a decentralized liquidity protocol that facilitates native asset exchanges between blockchains, is experiencing an impressive resurgence after facing a series of challenges. In the last week, the price of its native token, RUNE, has increased by 70%, reaching an all-time high, according to official data from CoinMarketCap. This significant…
Bitcoin, the first and most popular cryptocurrency, has been making headlines with its recent surge to a new all-time high of over $72,000. This remarkable price increase has sparked renewed interest in Bitcoin as an investment opportunity, leaving many wondering what this means for their financial future. Investors may see this surge as a validation of Bitcoin’s potential as a long-term store of value and may allocate more of their portfolio to cryptocurrencies. However, the rapid rise in price may also raise concerns about potential volatility and the sustainability of such gains, prompting investors to carefully evaluate the risks before…
Extraordinary values were detected in the transaction volumes of some altcoins on Upbit, South Korea’s largest and the world’s second largest cryptocurrency exchange. The 4-hour chart for Pyth Network (PYTH) showed a significant increase in trading volume. On Upbit, 4-hour average 50 volume of $19 million rose to $47 million, an increase of 143.89%. Meanwhile, volume on Binance rose from an average of $13 million to $16 million, representing a 28.67% increase. The 1-hour chart for 0x Protocol (ZRX) also reported unusual trading volumes. On Upbit, the $13 million 1-hour average 50 volume jumped to around $40 million, a whopping…
In a recent statement, Adam Back, CEO and cofounder of blockchain technology firm Blockstream, expressed optimism about the Bitcoin Exchange-Traded Fund (ETF) launched earlier in January. Back’s bullish statement on Bitcoin ETF Taking to the X platform, Back offered a bullish stance on Bitcoin ETF, stating, “The Bitcoin ETFs are still not priced in.” Back outlined many major points that contribute to his bullish stance on Bitcoin ETFs. First, he mentioned that bankruptcies are running out of Grayscale’s GBTC in just a few days of the ETF launch. Furthermore, Back highlighted an influx of capital into Bitcoin ETFs, with buy…
The gas tokens are used to pay for the transactions on the Neo blockchain. Last year, an event caused a surge in the GAS price by up to 300%. The cryptocurrency market is in a bullish trend and it is pulling underlooked tokens like the GAS. The GAS price is up 11% in the past 48 hours and bulls are looking to break past a significant level. Gas Tokens Cryptocurrency users pay fees to process transactions on the blockchain. One type of cryptocurrency that is used to pay for fees on the Neo blockchain is gas tokens. Gas tokens are…
In anticipation of the fourth Bitcoin halving scheduled for mid-April, Coinbase Institutional has released a primer for investors. The Bitcoin halving, occurring every four years or upon mining every 210,000 blocks, will see miner rewards halve from 6.25 to 3.125 bitcoin per block upon reaching the 840,000 block. The document aims to guide institutional investors by examining the impact of previous halvings and incorporating the recent developments in the cryptocurrency market, such as the introduction of Bitcoin ETFs and Bitcoin’s ascent to unprecedented heights before the halving. Historically, Bitcoin has experienced significant valuation increases in the months following past halvings.…
A rush of user activity on the Solana blockchain network is bringing with it some considerable challenges. Among them is chain congestion so great that it has prompted stakeholders within the blockchain ecosystem to consider major changes to the network’s operations. At the same time, a significant increase in DeFi activity has given way to malicious actors who seek to exploit the network’s low fees at the expense of other users. In an effort to address the latter concern, Jito Labs, the Solana infrastructure developer, announced Friday evening that it was shutting down its mempool—one of the company’s key offerings—after…
Analyst Capo of Crypto, who was previously known for his extremely bearish statements, but whose views have softened with the recent rise of Bitcoin, evaluated BTC in his statement. The analyst claimed that if the BTC price cannot exceed the $ 69,000 limit, there may be a drop below $ 60,000, the liquidity in that region can be taken, and then the rise may continue. il Capo described the recent recovery in BTC price as a “dead cat bounce” and claimed that it was driven by futures rather than the spot market. According to the analyst, a clear breakout above…