The number of Ethereum addresses holding a non-zero balance hit a new record high on Monday of 92.5 million. 2022’s bear market, which culminated in the collapse of one of the world’s former largest cryptocurrency exchanges in November, does not appear to have impacted growth in the number of non-zero balance addresses. Some analysts view the number of Ethereum addresses holding a non-zero balance as a proxy for the

After 66 agonizing days, Bitcoin (BTC) price finally broke above the $20,000 psychological resistance on Jan. 14. At the same time, the current $400 billion market capitalization gives BTC a position in the top-20 global tradable assets, surpassing giants like Walmart (WMT), Mastercard (MA) and Meta Platforms (META). From one side, Bitcoin bulls have reasons to celebrate after its price recovered 34% from the $15,500 low on Nov. 21, but bears still have the upper hand on a larger time frame… Source link

A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Bitcoin has held steady above $21,000 for the last two days, bringing it back above the price it was when Sam Bankman-Fried’s crypto exchange, FTX, began its slide toward bankruptcy. Since Monday, bitcoin has largely held steady above $21,000, well above its Nov. 2 price of $20,283. The price of bitcoin has jumped more than 22% in the last seven days,… Source link

Bitcoin (BTC) spiked higher around the Jan. 17 Wall Street open as nervous analysts waited for further cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Opinions diverge over Bitcoin’s fate Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly touching $21,594 on Bitstamp, marking its highest since Sep. 13. As bullish impulses continued to hit the chart, reactions stayed conservative amid an atmosphere of suspicion over the true source of Bitcoin’s return… Source link

Bitcoin and other cryptocurrencies continued to rally Tuesday, pushing past levels not seen since the collapse of crypto exchange FTX and hitting the highest prices in months. But analysts cautioned that the rally has little fundamental support, making the prospect of chasing it a risky one for traders. Source link

Despite the fierce headwinds the crypto industry faced over the last year, Web3 development activity has grown at an impressive rate, according to a new report. One such key indicator is the number of smart contracts deployed on the Ethereum mainnet, which grew 293% as compared to 2021, reaching rates that resembled the peaks of the previous year, per the “Q4’22 State of Web3 report” released today by blockchain software and development company Alchemy. Remarkably, this peak of activity… Source link

Cryptocurrency trading slowed significantly in 2022 and may not recover fully this year, according to the world’s largest independent crypto data aggregator. CoinGecko’s 2022 annual crypto industry report shows daily average crypto trading volume decreased steadily quarter-on-quarter, from around $100 billion in the first half of 2022, to $90 billion in the third quarter and $60 billion in the fourth quarter. “Dwindling volumes are a sign that investors are withdrawing further from the… Source link

Cryptocurrency trading slowed significantly in 2022 and may not recover fully this year, according to the world’s largest independent crypto data aggregator. CoinGecko’s 2022 annual crypto industry report shows daily average crypto trading volume decreased steadily quarter-on-quarter, from around $100 billion in the first half of 2022, to $90 billion in the third quarter and $60 billion in the fourth quarter. “Dwindling volumes are a sign that investors are withdrawing further from the… Source link

Northmantrader.com founder Sven Henrich provides insight on investing in cryptocurrency on ‘Making Money.’ Cryptocurrency trading slowed significantly in 2022 and may not recover fully this year, according to the world’s largest independent crypto data aggregator. CoinGecko’s 2022 annual crypto industry report shows daily average crypto trading volume decreased steadily quarter-on-quarter, from around $100 billion in the first half of 2022, to $90 billion in the third quarter and… Source link

Bitcoin climbed back above $21,000 on Jan. 17, as markets reacted to better-than-expected Chinese gross domestic product (GDP) figures. The economic release comes as U.S. traders also returned to action, following the observation of the Martin Luther King Jr. Day celebration. Ethereum rose briefly above $1,600 earlier in the session. Bitcoin Bitcoin (BTC) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China. Figures from the world’s… Source link