Category: Latest news
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Global ETP investors shift $126 million away from major cryptocurrencies, favor altcoins like Polkadot
[ad_1] Digital asset investment products experienced a notable setback, with outflows reaching $126 million last week, according to CoinShares’ latest weekly report. Bitcoin’s outflow accounted for a significant portion, representing 87% of the total net flow for the week. CoinShares Head of Research James Butterfill attributed this trend to investors’ cautious stance following the end…
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Bitcoin’s long-term holders shift to accumulation
[ad_1] Quick Take Long-term holders (LTHs) are defined by Glassnode as investors holding Bitcoin (BTC) for 155 days or more. Renowned for their astute investment strategies, LTHs typically accumulate BTC during bear markets and sell during bull runs to generate profits. Long/Short-Term Holder Threshold: (Source: Glassnode) Glassnode data shows that since December, LTHs have offloaded around…
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Vitalik Buterin’s RailGun advocacy triggers sharp rise in privacy tokens
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you…
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Bitcoin sees record fees in 2024 as halving approaches
[ad_1] Quick Take As the Bitcoin halving draws near, Bitcoin activity is witnessing a significant uptick in fees and hash rate. Fees On April 12, Bitcoin recorded its highest one-day fees in 2024, reaching an impressive $11 million. CryptoSlate reported on April 10 that this fee surge had gradually increased since early April. Fees: Ethereum…
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Bitcoin NFTs outperform ETH and SOL combined in trading volume ahead of halving
[ad_1] Bitcoin-based non-fungible tokens (NFTs) in the form of Inscriptions are in the spotlight as the network halving event looms closer. Data from CryptoSlam indicates that Bitcoin NFTs have dominated the market, representing 55% of total NFT trades observed over the past week. The trading volume of Bitcoin NFTs in the past week has outstripped…
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Dial H for Halving: Unpacking the technicalities of Bitcoin’s halving
[ad_1] The post Dial H for Halving: Unpacking the technicalities of Bitcoin’s halving appeared first on CryptoSlate. [ad_2] Source link
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Short-term holder realized price holds steady despite weekend Bitcoin drop, uptrend persists
[ad_1] Quick Take The short-term holder realized price (STH RP) is a crucial metric for short-term Bitcoin investors, reflecting the average price at which each coin last transacted on-chain within the past 155 days. This metric acts as the ‘on-chain cost basis’ for recent investors. In tandem, the short-term holder MVRV ratio (STH MVRV Ratio)…
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Bitcoin back above $66k after weekend of panic selling
[ad_1] Quick Take The digital asset ecosystem experienced a shaky weekend, with Bitcoin plummeting to around $65,000 from its $70,000 trading price on Friday, April 12. The downward trend continued into the weekend, with Bitcoin further declining to $60,800 amidst geopolitical tensions in the Middle East on Saturday evening. However, following a reduction in tension…
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Hong Kong approves Bitcoin and Ethereum ETFs as US lingers on ETH approval
[ad_1] Hong Kong further solidified its status as a crypto hub, with several issuers reporting approval of their spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) applications on April 15. However, Hong Kong’s foremost financial regulator, the Securities and Futures Commission (SFC), has yet to release an official statement on this development. SFC has not responded…
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Bitcoin is the only way out of feudalism
[ad_1] The following is a guest post by Kadan Stadelmann, the CTO of Komodo Blockchain. The US has undergone an immense consolidation of wealth and power in recent years. Americans everywhere are suffering while modern-day robber barons get fat off a 21st-century Gilded Age or roaring Twenties. Unlike the Gilded Age and 1920s, however, the…