Bitcoin’s most active supply hits 8-year low
Bitcoin’s most active supply hits 8-year lowBitcoin’s supply dynamics are helpful when analyzing the market, as they provide a window into the trading behavior of its vast user base.Happy Friday!The global crypto market cap is $1.05 trillion, with a 24-hour volume of $29.02 billion. The price of Bitcoin is $25,945.33, and BTC market dominance is 48.3%. The price of Ethereum is $1,647.82, and ETH market dominance is 18.9%. The best-performing sector is Insurance, which gained 27%. The Crypto Fear & Greed Index is currently Extreme Fear (39). Top NewsBitcoin’s most active supply hits 8-year lowBitcoin’s supply dynamics are helpful when analyzing the market, as they provide a window into the trading behavior of its vast user base. Prime Trust lost $8M after Terra collapsed; bought $76M ETH in unrelated wallet lossThe company revealed the numbers in a new bankruptcy filing. Binance accused of hiding names of sanctioned Russian banks behind color codesBinance has repeatedly claimed that it complies with global sanctions imposed on Russia. Latest Insights
More NewsCybersecurity breach at Kroll leaks FTX, BlockFi bankruptcy claimants’ dataFTX warned its community to be wary of bad actors who might try to capitalize on the incident. US DEA loses over $50k USDT to scammer in botched transaction: ForbesThe scammer has converted the stolen assets into Bitcoin and Ethereum. PancakeSwap v3 launches on Ethereum layer 2 LineaThe arrival will offer higher returns for liquidity providers and lower fees for traders. Meta releases AI developer assistant ‘Code Llama’The company's new artificial intelligence product is aimed at developers. Stablecoin volume outpaces Mastercard, PayPal as digital payments wars loomStablecoins surpass Mastercard, PayPal in transaction volumes with a potential to reshape the financial landscape. |
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What is a top-heavy market, and are we in one?
Thursday, August 24, 2023
Bitcoin price is still vulnerable under the weight of the growing supply held at an unrealized loss.
Bitcoin dips but options market holds steady
Wednesday, August 23, 2023
Stable open interest shows the options market remained relatively unfazed by Bitcoin's price drop.
Sam Bankman-Fried allowed to meet with lawyers for supervised, one-time Internet access
Tuesday, August 22, 2023
The six-and-a-half hour meeting represents the only court-approved Internet access that Mr. Bankman-Fried currently will be allowed.
Vitalik Buterin stirs market uncertainty with $1M Ethereum transfer to Coinbase
Monday, August 21, 2023
Ethereum price has struggled considerably since last week's flash crash.
52 Years of Fiat: The economic legacy of abandoning the gold standard
Sunday, August 20, 2023
CryptoSlate's latest report dives deep into the US government's decision to abandon the gold standard in 1971 and its far-reaching consequences, many of which are still unfolding today.
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