🪙 Cumulative stablecoin trade volume in 2023 is greater than $3 trillion, with Tether dominating.
@Blockchain_Crypto_Bitcoin
🥇 The #Bitcoin 14-day Price Range remains extremely narrow, residing at a value of 4.6%, with only 1.9% (2167/113790) of trading hours recording a lower value.
With Bitcoin rarely quiet for such sustained periods, the probability of a volatile move in either direction is enhanced.
@Blockchain_Crypto_Bitcoin
💰 HODLing remains the primary dynamic amongst experienced investors as the #Bitcoin Supply Last Active 1Yr + ascends to an ATH of 13.4M BTC.
@Blockchain_Crypto_Bitcoin
💰 The Bitcoin spot price recently found strong support at the Adjusted Realized Price, residing at $25.5K.
This pricing level remains a key area of interest with the decisive break below (Jun-2022) inaugurating a deep bear market, whilst the recent break above has stimulated a return to favorable price action.
@Blockchain_Crypto_Bitcoin
🪙 Despite the recent rise in #Ethereum prices, network activity has not experienced a significant boost with gas prices remaining relatively low.
For comparison, during the Shanghai upgrade in April, which preceded a similar rally in ETH markets, gas prices rose by 78%, compared to the 28% this week.
@Blockchain_Crypto_Bitcoin
The Great Shrimp Awakening
Those with less than 1 #Bitcoin (aka shrimps 🦐) have been accumulating 33.8k #BTC per month, which is 8.8k more than are issued.
This cohort hasn’t stacked this hard since 2017.
@CryptoCommunity ™️
zkSync Era's L1 to L2 bridge made up over 63% of all ETH bridged to L2s via native bridges — link
@Blockchain_Crypto_Bitcoin
🥇 The #Bitcoin Illiquid Supply Change remains extremely elevated near cycle highs as HODLing remains prominent.
Currently, coins are flowing into illiquid wallets with little to no history of spending at a rate of +194.5K BTC per month.
@Blockchain_Crypto_Bitcoin
🏦 @Blockchain_Crypto_Bitcoin
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🌐 Partner: @CryptoWorldNews
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💰 Bitcoin is center stage and the market is reflecting it: BTC’s dominance is up to 58%, the highest since April 2021 — link
@Blockchain_Crypto_Bitcoin
Coinbase saw more buying compared to selling over the past few days, while the opposite trend occurred on Binance — link
@Blockchain_Crypto_Bitcoin
52% of Fortune 100 companies have pursued crypto and blockchain projects since the start of 2020 — link | report
@Blockchain_Crypto_Bitcoin
DAI’s reliance on USDC continues to fall as MakerDAO governance approves important protocol changes — link
@Blockchain_Crypto_Bitcoin
The U.S. regulatory crackdown and banking crisis has also made USD-denominated crypto transactions a lot harder.
Since March, there is a drop in dollar market share relative to the euro. Euro market share is now 18%, up from just 9% at the start of the year relative to the USD — link
@Blockchain_Crypto_Bitcoin
📉 In June, TVL on the BNB chain declined by nearly $1B, settling at just $3.4B. This latest June TVL figure contrasts starkly with last year's figure of $5.3B and represents a 36% YoY drop.
Compared to other ecosystems, in percentage terms, the decline in BNB chain’s TVL was twice as much as Optimism's and 14x as much as Ethereum's — link
@Blockchain_Crypto_Bitcoin
🥇 Bitcoin mining stocks have surged between 280% and 420% YTD, outperforming spot BTC prices.
Miner revenue has increased in Q2 driven by rising BTC prices, excitement around BRC-20 tokens and the emergence of Ordinals, which have created additional revenue streams.
@Blockchain_Crypto_Bitcoin
💰 Bitcoin Ordinals volume increased from $7.18 million in Q1 to a staggering $210.7 million in Q2, representing a 2834% quarterly increase — link
@Blockchain_Crypto_Bitcoin
💰 Bitcoin Short-Term Holder are recording elevated levels of Exchange interaction in both magnitudinal and durational terms, sending +617K BTC to exchanges across the last 20 days.
@Blockchain_Crypto_Bitcoin
Naming this cycle the “Supply Shock Cycle”.
Feel free to use it.
Good luck stacking multiple coins at a time after 2025.
@CryptoCommunity ™️
📊 Spot trading volumes fell sharply in Q2, falling to their lowest level since 2020, according to Kaiko.
Spot volumes on Coinbase, Kraken, OKX and Huobi also fell by more than 50%. However, trading volumes on South Korean exchanges rose sharply in the last week of June, peaking at more than $4 billion a day.
@Blockchain_Crypto_Bitcoin
💰 This year, $4.56 billion in payments were transferred through the bitcoin network
@Blockchain_Crypto_Bitcoin
Bitcoin is becoming increasingly dominant in derivatives markets. Since the start of 2023, the ratio of volume of BTC relative to ETH has increased from 47% to 70% — link
@Blockchain_Crypto_Bitcoin
🇺🇸 Americans own nearly twice as much bitcoin than any other crypto.
@Blockchain_Crypto_Bitcoin
Arbitrum’s TVL has been consistently higher post airdrop, reaching its peak in mid-April at $4.32 billion so far — link
@Blockchain_Crypto_Bitcoin
Bitcoin illiquid supply reached a new ATH of 15.2M BTC this week, whilst exchange balances have fallen to the lowest levels since Jan 2018 at 2.3M BTC — link
@Blockchain_Crypto_Bitcoin
💰 Bitcoin dominance has reached 50%. It’s a new record since May 2021.
@Blockchain_Crypto_Bitcoin
💰 Bitcoin mining difficulty has once again renewed the ATH, a clear indicator of the huge demand for cryptocurrency mining around the world today.
@Blockchain_Crypto_Bitcoin