CryptoSlate’s analysis of Bitcoin’s (BTC) realized price and cost basis cohorts revealed that the transition from the current bear market could potentially transition to a bull market by the end of the first quarter of 2023. Realized Price The realized price is calculated by dividing Realized Cap by the current supply. The realized cap metric…
The 2022 high for Ethereum denominated in Bitcoin was 0.084BTC just before The Merge, and a recent rally has investors considering if Ethereum could regain its pre-merge high. Ethereum made strong gains against Bitcoin ahead of The Merge on Sept. 15. However, the second-largest cryptocurrency by market cap failed to reach the all-time high set…
Crypto companies Galaxy Digital, BitMex, and Digital Currency Group (DCG) announced staff cuts to deal with the adverse state of the market, according to crypto reporter Wu Blockchain. Layoffs Galaxy Digital plans to lay off roughly 20% of its staff, equating to 75 employees out of its 375 staff, according to a Bloomberg News report. Meanwhile,…
Bitcoin’s hashrate has hit a new all-time high of 331EH/s, according to data from Glassnode. Historically there has been a loose correlation between hashrate and Bitcoin’s price spurring debate as to whether hashrate follows price or vice versa. The spike in hashrate comes at a difficult time for miners as some struggle to meet debt…
The infamous Matt Damon, Fortune Favors the Brave advert for Crypto.com reached its first birthday this week. A Reddit user, u/gnarley_quinn, compiled a list of the significant Crypto.com advertising campaigns since the Matt Damon commercial launched in October 2021 and aligned it with the price of the native CRO token. When the Matt Damon commercial…
With the 14th anniversary of the Great Financial Crisis of 2008 approaching, we are about to enter a new debt cycle that could reset the market. Navigating upcoming crises requires a deep understanding of how all previous debt crises worked and why they happened. Ray Dalio, the founder and chairman of Bridgewater Associates, was the…
Data on the four-year Compound Annual Growth Rate for Ethereum and Bitcoin from the on-chain analytics platform Glassnode shows that ETH has outperformed Bitcoin since October 2019. The data is available via the two charts below, which depict the CAGR for both Ethereum and Bitcoin over the past four years. The period was selected to…
Investment management firm Wisdom Tree reported a 36% decline in its crypto holdings, which slid to $178 million at the end of the third quarter. In an earnings report filed with the SEC on Oct. 28, Wisdom Tree said its total asset under management fell 4.6% to $70.9 billion, while it recorded a $1.7 billion…
Reddit may have cracked the formula for onboarding new users into web3, according to a new report released by DappRadar on the behavior of the blockchain industry. Further, 94% of adults with “discretion to household money” are now aware of cryptocurrencies. The report stated: “The ease of onboarding new users to the world of NFTs…
Former White House Deputy Chief of Staff and Messina Group CEO Jim Messina said he is ready to bet on his Porsche car as he expects Bitcoin to rally up to $60,000. During an interview with Fox Business on Oct. 27, Messina remarked that crypto is one of the most exciting developments of this generation….