ARK, Glassnode propose Bitcoin economic analytics framework using new metric
In Cointime Economics, the time Bitcoin has been held is considered when it is transacted, giving hodlers’ transactions greater weight.This post was originally published on this site
Bitcoin and Ether now less volatile than oil: Report
Technical analysts suggest that months of low volatility is often followed by a big price move. This post was originally published on this site
Deribit’s Bitcoin volatility index hits lifetime lows, hinting sideways action
The Bitcoin Implied Volatility Index has fallen to its lowest levels since the crypto options exchange launched the tracker in early 2021. This post was originally published on this site
Bitcoin and Ethereum volumes dry up amid price struggles
Amid price struggles, on-chain metrics show Bitcoin and Ethereum volumes have dried up. BTC volume has fallen from over $40 billion worth of trade to just above $11.4 billion while ETH volume declined from near $20 billion to about $4.6 billion. Bitcoin price is hovering near $26,800 while Ethereum price is currently just above $1,820. […]
Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market Cap
Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE’s market capitalization has surged from $141 million on April 22 to a current valuation of $303 million. PEPE Jumps 99% […]
Value Locked in Defi Descends Below $50B Range 9 Days After 2023 High
The total value locked in decentralized finance (defi) has descended below the $50 billion range after reaching a 2023 high of $53.63 billion on April 14. This shift has been felt across the board with the top 18 defi protocols recording losses during the past seven days, and the largest defi protocol by TVL size, […]
Non-Fungible Token Sales Spiked This Week Despite Crypto Market Volatility
In the midst of a turbulent week for the crypto market, non-fungible token (NFT) sales have shown resilience, experiencing a surge of 7.74% in weekly sales, totaling $181.82 million. Data also reveals that there has been an increase of 41% in NFT buyers over the course of the week, surpassing the number of buyers recorded […]
Bitcoin volatility rising as $4.2 billion options set to expire Friday
Key Takeaways Bitcoin volatility is the highest point since July 2022 Liquidity is extremely thin which is pushing volatility higher and accentuating price moves $4.2 billion of options expire Friday, with bull set to profit following the recent surge up to $28,000 Yesterday, I wrote a piece looking at how the correlation between Bitcoin and […]
US lawmaker suggests Signature’s collapse was tied to instability of crypto
Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service digital asset firms but not dispensaries. This post was originally published on this site
How and why do stablecoins depeg?
Discover the causes and mechanisms behind stablecoin depegging. This post was originally published on this site