The “total amount of coins transferred on chain,” metric is equivalent to 70% of the United States Gross Domestic Product.
A reflection on the first large correction of and outlook for the remainder of 2021.
The bitcoin mining industry undergoes various capitulations upon the halving of block rewards, affecting bitcoin’s price.
What’s been behind the recent dips in the price of bitcoin, and what might the future potentially hold?
Bitcoin is rebounding from last week’s lows and is nearing $60,000 once again.
Bitcoin has fallen through its recent support at $53,000 as volatility picks up before a record options expiry event.
Bitcoin bounced off $53,000 support but another leg down should not be ruled out in the near term.
Bitcoin is very close to new all-time highs once again but the final hurdle may take some time to overcome.
The price of Ether saw gains in its BTC pair on Monday as Bitcoin price dropped below $60,000.
The ETH/BTC pair is showing signs of bottoming, but further consolidation should not be ruled out.