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Bitcoin investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoin’s supply that has remained inactive for the past three months spiking to a record high of 85%. On-chain analytics provider Glassnode identified the milestone in its Nov. 8 “The Week Onchain”
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Tokens associated with layer 1 blockchains that are similar to the Ethereum blockchain will continue to be worth monitoring on Tuesday, as several of them – terra, solana, and avalanche – hit record highs in the past two days. Many layer 1 blockchains are holding major events in the coming
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Bitcoin, the oldest cryptocurrency, on Monday blew past $67,000 for the first time, hitting $67,523.28 in recent trading.The markets have been in a bull mode since the beginning of the October, as the crypto market in total has added nearly $1 trillion to its total value in just a month.
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The stocks of crypto mining companies, which are heavily exposed to the prices of the crypto currencies they mine, surged on Monday after the price of bitcoin approached record highs and ether, the native token for Ethereum, hit an all-time-high.Among the crypto miners, Marathon Digital led the surge on Monday,
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The number of addresses that acquired the cryptocurrency within 20% of the all-time high price climbed six-fold to a record 116,560 in the eight days to Nov. 2, amounting to 12% of the total count of non-zero addresses, according to data provided by blockchain analytics firm IntoTheBlock. Original Source
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The U.S. continued to lead the world in VC funding into the industry, investing a record high of $2.97 billion in the third quarter, up slightly from the second-quarter figure of $2.87 billion and the fifth consecutive quarter of increases overall. For Q3, the U.S. was followed by Asia with
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Ether (ETH), the native cryptocurrency of Ethereum’s blockchain, refreshed record highs on Tuesday amid continued bullish flows in the options market. Meanwhile, tokens associated with virtual reality games extended their rally on Facebook’s recent championing of the metaverse as the next evolution of social technology. Original Source
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Cryptocurrency mining firm Argo Blockchain has just released its Q3 financial report detailing record setting revenues for the period.The London headquartered company reported that it had mined 597 BTC and “BTC equivalents” during the third quarter of 2021. At current prices, Argo’s Bitcoin haul would be worth roughly $36.5 million.As
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Canadian miner Bitfarms plans to grow its mining capacity to more than 2 exahashes (EHs) per second in November after hitting a record hashrate last month, according to a SEC filing on Monday.The miner’s October bitcoin product rose 12.5% from September, due to production from its newly built, larger production
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