According to pricing data from February 19, 2024, there has been a period of consolidation in the price of bitcoin following its recent peak of approximately $52,884. Technical data indicates that the top cryptocurrency asset is still rising and could be ready for another increase in value following this period of sideways trade. Charts with … Read more
Since January 28, 2024, the number of daily transactions on the Bitcoin network has significantly decreased, peaking at over 600,000 and now hovering around 300,000 per day. This decline coincides with a reduction in the number of Ordinal inscriptions created each day, which eases congestion and lowers onchain costs overall. Bitcoin Network Activity Slows as … Read more
The world of cryptocurrency investment products saw a significant shift last week, with spot bitcoin exchange-traded funds (ETFs) emerging as the market leaders. These funds drew $1.1 billion in inflows, which is the largest amount of assets under management (AUM) since early 2022, according to a recent Coinshares report. Spot Bitcoin ETFs are king with … Read more