As the crypto winter bites deeper, on-chain metrics suggest that confidence among Bitcoin whales has far from waned. The leading cryptocurrency is currently trading under $20,000, down 35% year-to-date, and down as much as 71% from its all-time high of about $69,000 in November last year. During massive sell-offs like this, many investors liquidate their positions. This, however, does not appear to be the case when it comes to those who hold more than 1,000 BTC. Fresh data from IntoTheBlock… Source link

Following a move below $19,000 on Thursday, BTC was able to rise above $20,000 during today’s trading session. ETH also was able to remain above $1,000, following an attempt by bears to push price under this level during yesterday’s session. Bitcoin Bitcoin was trading marginally higher on Friday, as markets rebounded following a bearish session on Thursday. Despite a heightened level of volatility, the world’s largest crypto token climbed to an intraday peak of $20,632.67… Source link

Given Ethereum’s dominance coupled with the current crypto bear market, it remains questionable if L1s will flourish. This was recently highlighted in a Chainalsys blog post entitled “New layer 1 blockchains are expanding the DeFi ecosystem, but no ETH killers yet.” Ethan McMahon, an economist at Chainalysis, told Cointelegraph that Chainalysis published this report to raise awareness for the current L1 ecosystem: While Ethereum allowed decentralized finance (DeFi) to flourish in 2020,… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has added 3.47% to $113.81. InvestorsObserver is giving Monero a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the… Source link

Arman Shirinyan Coinbase market makers are no longer selling Bitcoin, but it might not be enough for bounce The Coinbase Premium Index is a tool for determining the difference between Bitcoin’s price on Coinbase Pro and exchanges like Binance. The premium or discount on the index tells us if institutional investors are actively selling or buying the spot asset, which is a direct indicator of market sentiment. Previously, the CryptoQuant analyst noted that for the last 45 days,… Source link

The difficulty bomb-delaying Gray Glacier hard fork went live on Ethereum on Thursday without a hitch according to the network’s core devs including Ethereum Foundation’s Tim Beiko. The Sepolia testnet is also set to run through its Merge trial over the next few days and is the second last testnet to go through the trial before the official Merge. According to Etherscan, the Gray Glacier hard fork was initiated on block number 15050000 at roughly 6:54 am ET, June 30. The hard fork will… Source link

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Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has declined 2.3% to $51.55. InvestorsObserver is giving Litecoin a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 28, placing it in the bottom 28% of… Source link

The hard fork pushed back the so-called “difficulty bomb,” which had been gradually slowing Ethereum block production, improving performance in the short term The Merge has not been scheduled, but the new timing of the difficulty bomb points to when Ethereum core developers think it will take effect Ethereum’s scheduled Grey Glacier hard fork went into effect on Thursday at 6:54 am ET — Block 15050000 to… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Post a rising wedge-like (white) setup, Monero [XMR] expectedly saw a breakdown in the four-hour timeframe. While the last few days saw steady growth from the lows of $99, the sellers found renewed pressure at the $132 resistance. With the recent hike in selling volumes, the sellers have negated the buying efforts while pulling the price below… Source link