Bitcoin formerly had the highest number of long-term investors. However, a new infographic by IntoTheBlock claims that Ethereum has flipped BTC by a difference of nearly 40 million. Both of them had improvements in this statistic when comparing results from the previous year to the present, but Ethereum leads with
In the midst of a bear market, a glimmer of hope emerges with recent news regarding Grayscale Investments, a crypto asset manager. It has achieved a significant victory against the United States Securities and Exchange Commission (SEC) in its pursuit to transform the Grayscale Bitcoin Trust (GBTC) into a publicly
Grayscale Bitcoin Trust’s win against the SEC has sparked a flurry of activity in the crypto market. In the last 24 hours, the cryptocurrency market has seen $171 million in liquidations, with $119 million coming from shorts. According to statistics from Coinglass, the discount between Grayscale’s Bitcoin Trust (GBTC) price
The overall crypto market seems to be stabilizing following a period of intense turbulence. At the time of writing Ethereum is trading at $1,645, up 0.82% in the last 24 hours as per CMC. However, Ethereum’s continuing decline over the previous month becomes more apparent at a wider scale as
In a recent report published by Arkham Intelligence revealed that the popular investing and trading platform Robinhood (HOOD) has amassed a significant bitcoin (BTC) holding amounting to over $3 billion. This substantial sum of Bitcoin, stored in a single wallet, has been accumulated over the course of several months. Robinhood’s
Ethereum (ETH), the second-largest cryptocurrency, experienced a massive downtrend over the past few weeks, failing to break through its key resistances. Meanwhile, Ether whales have been executing huge transactions on leading crypto exchanges such as Coinbase and OKX in the last 24 hours. Whale Alert, a blockchain tracker and analytics
Bitcoin has shown significant negative momentum over the previous several weeks. Amid the severe assault, there has been a noticeable increase in institutional interest, which is widely anticipated to play a significant role in the next BTC rally. Based on analysis by CryptoQuant of wallet deposit and withdrawal records, it
As the bulls and bears continue their fight, the ETH price has been under intense selling pressure. On the other side, there are hints of new developments in network activity data. Santiment, a data analytics platform, highlighted a critical aspect of growing centralization: the abandonment of retail traders in the
Bitcoin (BTC), the world’s largest cryptocurrency, has shown strong bearish momentum over the past few weeks. Moreover, BTC is struggling to maintain its position around the $26,000 mark. While investors are expecting BTC to surge, it dropped below $26K. On the other hand, Bitcoin has experienced the highest address activity
Ethereum (ETH), the world’s second-largest cryptocurrency, has witnessed significant developments within its network. Despite trading around the $1,650 mark, the network’s activity has been capturing attention. Notably, as the market witnessed a crash, a fascinating trend emerged. While small traders sought to offload their holdings, prominent players in the field
