Ethereum has emerged as the blockchain with the largest number of holders, far ahead of Bitcoin. Data on non-empty wallets shows that Ethereum has around 189.49 million holders, which is more than three times Bitcoin’s 59.08 million. Network Growth vs Market Performance The figures, shared by the head of research at Lisk, analyst Leon Waidmann, […]
The past week or so has been nothing short of a bloodbath in the cryptocurrency markets, with bitcoin plummeting to $59,000 on Friday for the first time in 19 months. Aside from losing more than $20,000 in approximately three weeks, BTC’s calamity dragged almost all altcoins. This has intensified the pressure on the largest corporate […]
Friday was a brutal day for essentially all financial markets, even though the only notable news that went live was positive, as the US saw the strongest jobs report in a year and a half. The analysts at the Kobeissi Letter tried to simplify what transpired and explain why markets reacted in such a painful […]
Bitcoin’s recent crash began with a violent rejection at $82,000 that drove it south to $59,000 on Friday, which became its lowest price tag since before the US presidential elections in November 2024. Following such a painful decline, the asset has dropped into a critical zone where long-term indicators and historical patterns begin to converge. […]
Around 26,000 Bitcoin options contracts will expire on Friday, June 5, with a notional value of roughly $1.6 billion. This is smaller than last week’s end-of-month event, so it is unlikely to impact spot markets. Crypto markets have been in sharp decline all week, with more than $300 billion leaving the space as Bitcoin continues […]
Bitcoin (BTC) dropped below $62,000 on June 4, with the move coinciding with the first meaningful pullback in the flagship cryptocurrency’s dominance in nearly eight months, according to analyst CrediBULL Crypto. This has prompted several observers to revisit the possibility of an altcoin-led market phase, as the assets have shown unusual resilience during BTC’s decline, […]
Bitcoin’s price decline from earlier this week was not a one-time thing, as the asset’s troubles intensified in the past 12 hours or so with another fresh nosedive to a multi-month low. BTC dragged most alts with it, liquidating more than 270,000 over-leveraged traders in the process. The Drop It now feels like an eternity, […]
Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are increasingly becoming a contrarian investment. In his latest memo, Hougan flagged three factors influencing the market, beginning with crypto’s struggle to attract investor enthusiasm as prices remain under pressure and momentum fades. […]
Crypto markets have dumped 4.9% or a whopping $140 billion over the past 24 hours, sending total capitalization to $2.37 trillion, its lowest level since early April. Over the past 24 hours, 265,000 traders were wrecked, and the total liquidations were a whopping $1.63 billion, according to Coinglass. Around 89% of those were long positions, […]
Similar to previous bear markets, bitcoin (BTC) is now on track to experience a slow bleed regime. As analysts explained in the latest Bitfinex Alpha report, this seasonal pattern is further aggravated by weakening demand from spot and institutional avenues. Even options traders have stopped paying for protection as implied volatility continues to decline and […]