As bitcoin’s price consolidates and traders speculate about the asset’s next trajectory, the market intelligence platform Santiment has highlighted how supply distribution trends can offer insights into the cryptocurrency’s price movement. Supply distribution data shows how different groups of investors hold cryptocurrencies. This metric takes into account the wallet sizes of small and large investors, […]
Ethereum topped all blockchains in fee revenue for 2024, generating $2.48 billion over the year. This strong performance in fees, however, contrasted with ETH’s price, which underperformed expectations during the same period. All in all, Layer 1 and 2 blockchains collectively earned almost $6.9 billion from transaction fees last year. Ethereum Maintains Fee Dominance Despite […]
Sen. Cynthia Lummis (R-WY) chairs the US Senate panel on crypto assets. She has promised some big changes in government policy for the sector. A Bitcoin sovereign wealth fund Republicans are calling a “strategic national reserve” is only one of Lummis’ promises for blockchain. But markets are thrilling with bullish activity on that prospect alone. […]
Some brief context: Bitcoin burst up from glances of support at the $92,500 and $93,000 levels earlier this month. On Wednesday, Jan. 15th, the world’s first cryptocurrency flew over $100,000 in daily spot prices for the fourth time since December. This time, BTC may stay above medium-term support for the $100,000 mark. Strong whale moves […]
El Salvador added 12 BTC to its reserves in the past day, ramping up its Bitcoin purchase as the leading crypto asset hovers near its all-time high. This development comes despite a recent agreement with the International Monetary Fund (IMF) to scale back some of its crypto policies. Bitcoin Push Continues The National Bitcoin Office […]
An unnamed Canadian crypto forum moderator was reportedly forced to go into hiding with his family following an alleged kidnap attempt where the criminals intended to steal his Bitcoin. According to the local press, the man has been forced to move his family from one Airbnb to the next because the police are apparently unable […]
Nevada-based Bitcoin mining firm – CleanSpark – has reached a significant milestone by surpassing 10,000 BTC in its treasury. All the Bitcoins were mined exclusively from its US-based operations. The latest figure reflects a 236% year-over-year (YoY) increase in its Bitcoin holdings. CleanSpark Hits Milestone Zach Bradford, CEO and President of the firm attributed the […]
With Bitcoin’s increasing presence in traditional financial systems and speculation around a US BTC strategic reserve, some experts foresee a major supply shock during this cycle, potentially disrupting the 4-year cycle theory with extraordinary price growth. However, a new report indicates that such a supply shock is unlikely to happen in 2025. Analyzing Bitcoin Long-Term […]
With Bitcoin’s increasing presence in traditional financial systems and speculation around a US BTC strategic reserve, some experts foresee a major supply shock during this cycle, potentially disrupting the 4-year cycle theory with extraordinary price growth. However, a new report indicates that such a supply shock is unlikely to happen in 2025. Analyzing Bitcoin Long-Term […]
Bhutan’s newly established Special Administration Region – Gelephu Mindfulness City (GMC) – announced plans to recognize digital assets such as Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) as part of its strategic reserves. The latest move has made the region one of the first jurisdictions to officially hold digital assets within its reserve portfolio. […]