This year has seen a three-fold surge in the total number of crypto wallet addresses holding more than $1 million in Bitcoin. BitInfoCharts reports that the number of addresses holding in excess of $1 million dollars in BTC has increased by 237% from January 1 (when there were 23,795) to
Recent substantial spikes in the crypto market may be attributed to a confluence of optimistic events in the industry. BlackRock was the primary catalyst as the company filed for a spot ether ETF with the State of Delaware, which drove the prices of most cryptocurrencies. Market confidence has been strengthened
Ethereum has been a focal point of discussions in the cryptocurrency world this week, making significant strides in its price. It surged above $2,000, reaching a six-month high of $2,136 yesterday, marking a 13% increase in the past seven days. Several factors appear to have contributed to this surge, mainly
The price of Ethereum has recently surged, surpassing $2,000, after BlackRock’s filing for a Spot Ethereum ETF with the Delaware Department of State. Moreover, Dune Analytics found that as demand for network block space has risen, the transaction costs on Ethereum have climbed dramatically. During the last day, the cost
Bitcoin’s recent meteoric rise to $37,967, a level not witnessed in nearly two years, has caught the attention of cryptocurrency enthusiasts and investors. This surge can be attributed to the growing anticipation surrounding a Bitcoin Exchange-Traded Fund (ETF) and increased interest from major institutional players. Analysts at Bloomberg have weighed
Despite the fact that some market watchers predicted that Bitcoin’s price wouldn’t be able to break above $36,000 by the close of the week’s trading session, it did just that. Many traders were taken off guard when the price of Bitcoin surged beyond $36,500 and hit nearly $37,000. After being
Ethereum, the second-largest cryptocurrency, just hours ago reached a four-month high of $1,929, breaking the key resistance level of $1,900. At present, it is trading at $1,919, reflecting a 3% gain over the past 24 hours. Data from IntoBlockchain indicates that Ethereum remains in a “mostly bullish” position, with strong
Bluntz, a well-known crypto analyst and trader who accurately predicted Bitcoin’s price bottom in 2018, has predicted that Ethereum would have a significant climb in the coming months. The expert has made an optimistic prediction and observation on ETH. The analyst published a graphic on Twitter predicting a surge in
2023 has proven to be a year of fluctuation in the cryptocurrency market, characterized by both significant gains and notable declines, largely influenced by bearish trends. But in Q4, the bulls displayed exponential strength, with Bitcoin, the largest cryptocurrency, leading the way. Just a week ago, BTC reached an 18-month
When comparing the blockchains with the highest total value locked (TVL) in DeFi, Ethereum, the leading altcoin and smart contract platform, had its TVL drop by 0.25%, to $24.05 billion, but it still leads the pack. Moreover, according to CoinShares’ most recent weekly report, $767 million has flowed into digital
