Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows. According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows. Strong hands knuckle down throughout 2021 In the latest sign of the conviction of those who invest in and hold Bitcoin over multiple years, CDD remains extremely calm. The indicator refers to how long each BTC has been… Source link

20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s). Ethereum Hashrate Taps 1 Petahash Ethereum (ETH) miners are making profits at the end… Source link

Bitcoin (BTC), the leading cryptocurrency by market cap, broke its previous all-time-high market value in 2021, reaching just over $69 000 on the 10th of November, appreciating 71.8 percent year-on-year. Counting from the local low at just under $30 000 on the 21st of July, bitcoin gained 56.6 percent. If bitcoin stays at this level until the end of the year, 2021 will turn out to be the fourth worst year for bitcoin since 2011. Ethereum (ETH) up 456 percent Though a somewhat mediocre year for… Source link

Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s not possible for the price of bitcoin to reach a very high number, such as $1 million. He explained: “Logically … there’s a limitation on its price in relationship to other things like it.” Ray Dalio on Where the Price of Bitcoin Is Heading Bridgewater Associates founder Ray Dalio shared his view on how high he thinks the price of bitcoin could reach in an interview with… Source link

Litecoin (LTC) price is currently on the backfoot as thin volume sparks a slight correction, pushing price action below the monthly S1 support level at $160. With that move, however, LTC has entered a pre-defined zone providing an excellent buying opportunity between $155 and $138. Expect demand to stay persistent in 2022, which should spark a short rally back up to $170. Stellar price heading for $0.32 with bulls in a festive mood Stellar (XLM) price has opened… Source link

The top dogs of the cryptocurrency market are undeniably Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH). There are certainly strong arguments to be made about many smaller digital currencies, especially those that excel in areas where Bitcoin and Ethereum do not at the moment. However, with a combined market cap of more than $1.4 trillion, the two largest denominations command more than half of the total crypto-market’s $2.4 billion valuation. Put… Source link

The cryptocurrency market is trying to get a rally going as we head into 2022, after being bearish since early November. The decline stalled earlier this month, but cryptos couldn’t find the strength to turn bullish. Although, in the last several days we have seen some increased bullish pressure, especially for certain cryptos such as Cardano, while other cryptos such as Litecoin, Bitcoin (BTC) and Ethereum (ETH) have been finding it hard to resume the uptrend. So, let’s see if how… Source link

$10,000 is a sizable amount of money, but to actually get rich from an investment of that size in just one year is nearly impossible. That is unless you invested $10,000 into equal parts of Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL) at the beginning of 2021. The returns those tokens have delivered over the past 12 months are jaw-dropping. But zoom out, and the past few years of crypto returns have been arguably more impressive. Here’s a look at… Source link

Bitcoin isn’t a new phenomenon (it was actually released in its most primitive form way back in 2009), but it might be new to you! Thankfully, while the Bitcoin waters may be confusing and difficult to wade through, there are lots of great Bitcoin apps for your iPhone to help you get started. If you’re new to Bitcoin, you might want to look into some resources we linked below to help you learn more about the three whys of Bitcoin: Why now? Why anything? Why Bitcoin? Bitcoin was… Source link