Bitcoin’s (BTC) dominance is set to reach 80% in the long term as regulators crack down on other assets, MictraStrategy co-founder Michael Saylor told Bloomberg TV on June 13. MicroStrategy is the largest public holder of BTC. Currently, Bitcoin’s crypto market dominance is around 48%, meaning BTC accounts for nearly half of the over $1…
Bitcoin (BTC) has shown the highest return since October 2022 and has the best January in 10 years in monthly returns. BTC Yearly Returns Since the start of the year, BTC has enjoyed remarkable growth from $16,583.18 to $23,060.14 as of press time – amounting to about 39% return in 23 days. Over this month,…
Crypto markets have historically been cyclical based on Bitcoin halving events. Bitcoin halvings happen every time 210,000 blocks are mined — roughly every four years. The last halvings occurred in 2012, 2016, and 2020. Between each halving, a bull market has been followed by a bear. Given the transparent nature of most blockchain networks, it…
Marathon Digital CEO Fred Thiel said on a Nov. 8 earnings call that the company is going through a “transition period” as it looks to grow from 7EH/s to 23EH/s by mid-2023. Marathon increases hashrate Further, the company has increased its number of Bitcoin miners to 6,000, resulting in a rise from 72 BTC mined…
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…
The infamous Bitcoin Rainbow Chart has been updated to include a new lower band called “1BTC = 1BTC.” The chart echoes PlanB’s stock-to-flow model in terms of sentiment, with bands indicating when to buy and sell Bitcoin. Source: blockchaincenter.net “The original Rainbow Chart is dead. Long live the Rainbow Chart with the new indigo color…
HODL Waves are an indicator that bundles all active supply addresses by age bands. Each colored band shows the percentage of Bitcoin in existence that was last moved within the time period denoted in the legend. A review of the current state of the HODL Waves chart by CryptoSlate indicates that short-term holders are at…
Let’s talk about eggs. Eggs are a staple food for many around the world and one that has changed little since 1980. Free-range, grass-fed, organic; these are all changes and improvements to the egg industry, but the underlying product is fundamentally the same. However, the price of eggs has been far but consistent, as the…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin (BTC) dominance continues to break through local highs, reaching 46.5%, while Bitcoin closed its ninth weekly red candle in a row. Dominance is a measure of Bitcoin’s share of the global crypto market cap. Source: Bitcoin Dominance on TradingView Until…
Online debate around the upcoming Bitcoin (BTC) halving event is heating up. Those discussing it are delighted that the cryptocurrency community only has approximately two years before this event, leaving many outsiders asking what it is and why it is so crucial. According to CoinMetrics‘ ‘State of the Network’ email newsletter dated April 19, Bitcoin…