Bitcoin’s Correlation With Gold-Backed PAXG Token Weakens to Record Low

“This reflects BTC’s increasing correlation with macro stock indices as well as its recent behavior as a risk asset rather than a store-of-value, and points to price turbulence ahead as markets digest the impact of further inflation and liquidity withdrawals,” Noelle Acheson, head of market insights at CoinDesk’s sister concern Genesis Global said. Source link

Solana’s STEPN hits record high as GMT price skyrockets 34,000% in over a month

STEPN (GMT), a so-called “move-to-earn” token using the Solana (SOL) blockchain, has soared incredibly since its market debut in March. GMT’s price jumped from $0.01 on March 9 to a record high of $3.45 on April 19 — a 34,000% upside move in just 41 days (data from Binance). Its massive uptrend appeared primarily due […]

Bitcoin retains $41K as BTC exchange withdrawals match record levels

Bitcoin (BTC) held on to fresh gains on April 14 after a rebound in line with Wednesday’s Wall Street open flipped the mood. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,500 now the level to hold Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still trading above $41,000 Thursday, having reclaimed the $40,000 mark […]

La inflación de EE. UU. marca un récord en cuatro décadas y alcanza 8,5 % en marzo

El Índice de Precios al Consumidor (CPI, por sus siglas en inglés) del Departamento de Trabajo de los Estados Unidos (EE. UU.), una métrica ampliamente utilizada para medir el aumento de los costos de vida, creció más rápido de lo esperado en marzo y alcanzó el 8,5%, el número más alto en cuatro décadas, después […]

Bitcoin Difficulty Sees Two-Year Record Surge as Hash Rate Mimics 2017

Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure. According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw difficulty increase by 14.95% — the most since January 2018. Bitcoin difficulty shoots up 15% The increase tops […]

Ethereum Logged Its Busiest Week on Record

It’s costing more to use Ethereum and that may be because more users are flocking to the platform than ever before, according to one key on-chain metric. Analysts say the growth of both transactions and the cost to process them is being driven by an increase in stablecoin usage and DeFi applications.  The seven-day moving […]

Bitcoin Miner Maker Canaan’s Stock Hits Record Low 1 Month After Halving

Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, plummeted below $2, their lowest after going public in November.  The Nasdaq-listed stock has been steadily falling since the bitcoin halving on May 11, according to data from Yahoo Finance. It closed at $1.98 at the end of the trading session Monday, […]

A Record Number of Investors Are Holding at Least 0.1 BTC

The number of investors with Bitcoin (BTC) holdings of 0.1 coins or more has broken into new all-time highs. Data published by crypto data aggregator Glassnode on June 13 shows the number of wallets holding 0.1 BTC or more reaching a new record of 3,054,282 — beating out May 21’s previous record by 212 addresses. […]

Bitcoin Realized Cap Hits $106B Record as ‘Fear’ Returns to BTC Index

Bitcoin (BTC) set a new all-time high this week as bearish market sentiment failed to dent one metric’s march to $106 billion. Data from on-chain monitoring resource Coin Metrics shows that as of June 11, Bitcoin’s realized cap stands at a record $106.26 billion.  Realized cap is “good for Bitcoin” Realized cap is a different […]

United States Sets New Record for P2P Bitcoin Trading

Peer-to-peer Bitcoin (BTC) trading activity in the United States surged to a new all-time high during the week of June 7, according to data published by UsefulTulips. Over the past seven days, nearly $29 million worth of Bitcoin has changed hands for U.S. dollars on leading P2P marketplaces Localbitcoins and Paxful. The past week saw only […]