Cryptocurrency Analysis and News Portal
Quick take:Bitcoin stored in exchange wallets has continued to drop since early 2020The amount of BTC in exchange wallets is at its lowest in almost 2.5 yearsInstitutional buying and storage offline is one reason for the diminishing supplyMicrostrategy just bought another $10 million worth of BitcoinCompanies will continue scooping up
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The dollar index dropped to it's lowest level since May 2018. Source
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The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level was around the 61%
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Bitcoin (BTC) was fighting to keep $7,000 support on April 17 as China saw a historical GDP contraction and oil sank to prices last seen in 1987.Cryptocurrency market daily overview. Source: Coin360BTC price uncertain at $7,000Data from Coin360 and Cointelegraph Markets showed BTC/USD repeatedly testing the $7,000 mark as
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On April 12, the number of Bitcoin (BTC) exchange deposits hit the lowest point since August 2016.Recently, there has been a trend towards Bitcoin holders moving their assets away from the exchanges, with some exchanges hit particularly hard. For instance, the amount of Bitcoin held by BitMex and Bitfinex
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The number of bitcoin on-chain deposits has dropped sharply over the last six months, indicating a strong optimistic or “HODLing,” sentiment in the market. The seven-day average of the number of transfers to exchange addresses, or unique daily exchange deposits, fell to 23,986 on Jan. 1. That’s the lowest level since
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The new dynamic in the litecoin market offers a lesson in the emerging economics of the fast-growing cryptocurrency and blockchain industry, which relies on networks of computers to confirm and record transactions, using a combination of incentives. Key inputs include the speed and efficiency of the data-mining computers, local electricity
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