Bitcoin

Text size Bitcoin prices have already rallied this week. Jack Guez/AFP via Getty Images The price of Bitcoin Source link

New Daily Addresses refer to first-time wallet users on any blockchain network, which can signal growth and adoption. On Solana, new users peaked at over 400,000 in May before gradually declining to 240,000 users this week. These figures are a jump from December 2021’s levels of 150,000 to 170,000 new users each day. Source link

Text size Cryptos prices are well off their recent lows but remain down this year. Ozan Kose/AFP via Getty Images … Source link

“With the rules of the future games of mining, staking and trading still pretty murky, and the value of crypto assets hugely sensitive to volatile conditions in financial markets, it’s clear investing in the crypto Wild West is still a very risky business,” explained Susannah Streeter, senior markets analyst at Hargreaves Lansdown, in an email. Source link

Similar to Stockholm syndrome where captives develop a psychological bond with their captors, crypto winters have a way of flipping even the most bullish cryptocurrency supporters bearish in a short period of time. Evidence of this reality was on full display on July 19 after the recovery of Bitcoin (BTC) back above $23,000 was met with widespread warnings that the move was merely a fakeout before the market heads for new lows $BTC Not bad. But keep in mind that this still can turn into a… Source link

Bitcoin has lost more than half its value in 2022. Now hovering around $23,000, the price of a single bitcoin has plunged more than 65% below last year’s all-time high of nearly $70,000. The value of all cryptos has tumbled from about $2.2 trillion at the end of 2021 to a little more than $1 trillion currently. Bitcoin, the world’s biggest crypto, makes up about 42% of the total market, but 2022 has been just as terrible for the owners of other crypto-related assets such as Coinbase. The… Source link

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It is no secret that a vast majority of investors, both from the realm of traditional as well as crypto finance, view Bitcoin (BTC) as a long-term store of value akin to “digital gold.” And, while that may be the dominant narrative surrounding the asset, it is worth noting that in recent years the flagship crypto’s use as a medium of exchange has been on the rise. To this point, recently, the central bank of El Salvador revealed that its citizens living abroad have sent over $50 million… Source link

Text size Cryptos have rallied this week, with Ether among the strongest performers. Dusan Zidar/Dreamstime … Source link

Text size Crypto prices have collapsed in recent months, but prices recently have rallied. Dreamstime … Source link