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Another reason for the increase in trading volume is due to NFT marketplace Blur's "airdrop seasons and farming," according to Sara Gherghelas, blockchain analyst at DappRadar. "The NFT whales decided to farm [virtual] land, especially the MG Land project, which is an NFT collection." Source
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Some crypto industry insiders believe that BTC price can surge to its previous all-time high of $69,000 and even beyond to $100,000. The world’s largest cryptocurrency Bitcoin (BTC) has already delivered a solid performance this year so far outperforming all other asset classes by a considerable margin. Currently, Bitcoin is
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The Crypto Fear and Greed Index has hit its highest index score this year, reaching levels not seen since Bitcoin (BTC) posted its all-time high in November 2021.A March 20 update of the Index showed a score of 66, placing it firmly within the "Greed" territory.The Index's score of 66
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Toni Wahrstätter, an Ethereum researcher who created a Flashbots MEV-monitoring dashboard, told CoinDesk, “In times of extremely high MEV, it's good to know that the MEV rewards mostly end up with the validators, who don't have to run complex algorithms, engage in private deals or anything but just be lucky
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Kim Grauer, the blockchain sleuthing firm's head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction volumes last year. Original Source
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Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year, as Bitcoin recorded a combined 24.89%
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press release PRESS RELEASE. With Bitcoin surging to reach a new 2023 high, MX has been the top performer in exchange tokens, with a 7-day growth of 32%. Bitcoin’s price rising over $25,000 has sparked a frenzy of activity in the cryptocurrency market. With investors flocking to take advantage of the
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The Bitcoin network is getting more active with increasing block sizes, transactions, and overall UTXO counts. Source
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Bitcoin’s average block size has hit all-time highs above 2.5 megabytes (MB) for the first time since its inception in 2009, driven by the launch of nonfungible tokens (NFTs) protocol Ordinals in January 2023.Block size data from Blockchain.com reflects a jump in Bitcoin block size from the beginning of February
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Bitcoin (BTC) lingered near $23,000 on Feb. 7 as a key chart phenomenon hit for the first time in 18 months.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBattle of the Bitcoin crosses beginsData from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking sideways overnight, having shunned volatility at the week’s first
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