Category: Uncategorized

[ad_1] FTX’s FTT token lost roughly 30% of its value in the last 24 hours after 1.9 million FTT tokens — worth roughly $44 million at the time — were moved from the Genesis over-the-counter (OTC) Desk to FTX on Nov. 8, according to Wu Blockchain. FTT suddenly plunged 14% in 1 hour, and SOL…

[ad_1] Retail investors owning less than 1 BTC are accumulating Bitcoin while whales holding over 10,000 BTC are selling, according to data analyzed by CryptoSlate. Since August, Bitcoin has been in a distribution phase, as shown by the lighter colors on the graph below. The darker colors denote accumulation periods, as seen throughout May, June,…

[ad_1] Data compiled by CryptoSlate shows Polygon (MATIC) has outperformed other large caps, in Bitcoin terms, since Nov. 4. Moreover, this trend continues to hold amid an essentially flat market, leading to a return of bullish sentiment for the Ethereum layer 2 chain. Source: CryptoSlate.com Drilling down into the weekly MATICBTC price chart, the current…

[ad_1] An investment in Bitcoin (BTC), the largest cryptocurrency by market cap, can offer better security than the odds of winning in a Lotto Powerball. As per reports, one has to win Lotto Powerball nine times in a row to match the odds. Thus, by investing in BTC, investors enjoy a higher tendency to secure…

[ad_1] Bitcoin’s (BTC) mining difficulty has plateaued since the beginning of November and saw a 0.19 percent drop on Nov. 7 following its latest adjustment, according to CryptoSlate’s analysis of Glassnode data. Bitcoin mining difficulty (Source: Glassnode) The chart above shows that mining difficulty has jumped significantly starting August all the way through November. The…

[ad_1] Over the reporting period, the cryptocurrency market cap saw net outflows of $2.4 billion to $1,028.2 billion from $1,030.6 billion as of press time — down 0.2%. Since Nov. 4, Bitcoin’s market cap has grown 0.6% to $398.3 billion from $395.8 billion. Meanwhile, Ethereum’s market cap decreased by 0.5% to $193.3 billion from $194.3…

[ad_1] The amount of Ethereum’s supply concentrated in smart contracts has hit an all-time high post-merge. Smart contracts now create 0.45% of all Ethereum behind staked Ethereum at 0.57% and Exchange balances at 0.17%. The chart below presents an area view of some of the largest concentrations of the Ethereum supply. Supply regions are shown…

[ad_1] Options are financial derivatives in which two parties contractually agree to transact an asset at a stated price before a future date. Glassnode data analyzed by CryptoSlate suggests options traders are expecting Bitcoin and Ethereum to move higher in Q4. Bitcoin Implied Volatility Implied Volatility (IV) is a metric that gauges market sentiment toward the…

[ad_1] Bitcoin mining and its energy consumption have recently been the subject of many heated debates. As governments and institutions around the world keep introducing new measures to combat pollution and climate change, Bitcoin’s energy-guzzling network sticks out like a sore thumb. Various data aggregators and trackers work around the clock to provide the market…

[ad_1] Despite the prevailing differences between the 2000 dot-com bubble and the post-COVID-19 bubble, they still share numerous similarities. The 2000 tech bubble began in the late 1990s and continued until 2002, while the post-COVID-19 bubble started in 2019 and lasted until 2022. Let’s have a look at both eras: Dot-com Bubble:  The dot-com bubble,…