Long-term Bitcoin holders at all-time high, but price not cooperating
Key Takeaways Two-thirds of the Bitcoin supply has not moved in over a year Metrics for percent of supply unmoved in 2+, 3+ and 5+ years also at all-time highs The average hold period for Bitcoin on-chain is 3.8 years Despite thesis that dwindling supply will boost price, this has not proved the case thus […]
Optimism token OP hits all-time high Bedrock upgrade news
OP has rallied over 30% in the past 24 hours, reaching a new all-time high of $2.97 on Coinbase Optimism is outperforming major coins even as cryptocurrencies rally on Thursday. Gains for Optimism comes amid buying pressure after news of an upgrade proposal planned for activation on 15 March. Optimism is rallying again as excitement […]
Nearly 13 million bitcoins have not moved in over a year, an all-time high
Key Takeaways An all-time high of 12.7 million bitcoins have not moved in over a year That translates to two-thirds of the circulating supply Only 7% of bitcoins have moved in the last month History shows that long-term holders tend to rise as price falls, which may seem counter-intuitive The real story is a little […]
Bitcoin wallets with 100+ coins hit new one-year high
Bitcoin addresses with 100 or more coins hit 16,120 on 19 December 2022. Each address is worth $1.67 million at current prices, increasing the number of Bitcoin millionaires to the highest level since December 2021. Data also shows hodling is on the rise despite crypto winter, with 46% of BTC last active in 2+ years […]
Why has the Grayscale Bitcoin Trust discount hit an all-time high?
Key Takeaways Grayscale is the largest Bitcoin fund in the world Discount to underlying asset (Bitcoin) has reached record levels, breaching 50% Concern about reserves, higher fees and other hurdles explain the discount, which likely won’t close anytime soon The discount to net asset value of the Grayscale Bitcoin trust is at all-time highs. […]
Bitcoin retreats below $18k as Fed raises interest rate to a 15-year high
Bitcoin has dropped below the $18k once again following its rally earlier this week. The Federal Reserve raised interest rates by half a point a few hours ago. The total crypto market cap continues to stay above $800 billion. Federal Reserve raises interest rate once again The Federal Reserve announced on Wednesday that it had […]
Brandt says Bitcoin to hit $13k before setting a new all-time high
Bitcoin is trading above $19k, but Peter Brandt believes it will reach $13k in the near term before setting a new all-time high three years from now. Peter Brandt, founder and CEO of proprietary trading firm Factor LLC, told CoinDesk TV in a recent interview that he believes Bitcoin will set a new all-time high […]
Shiba Inu Token BONE Seeing High Utility From Whales, What’s Happening?
Shiba Inu governance token, BONE, is seeing profound utility from whales as it ranks as one of the most used smart contracts among the top 500 ETH whales in the last 24 hours. Notably, BONE’s smart contract usage for this category of whales is up 100% in the last 24 hours. JUST IN: $BONE @shibtoken […]