#Bitcoin mining revenue reached $916.6 million in May, a 13.7% month-over-month increase.

According to The #Block's Data Dashboard, that figure includes more than $120 million in transaction fees.

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The realized price for the 1–3 month age band is $27,200.

This level might be regarded as BTC's short-term support. Historically, whenever Bitcoin has gained momentum below this indicator, the price has dropped significantly.

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#Ripple #XRP Investors Become #Bullish Again

As XRP price rallied by nearly 24% in the last few weeks, it brought back the dissipating interest from users whose activity spiked on-chain recently.

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#DeFi’s total market value saw a #bullish increase this past week.

Data from Cointelegraph and TradingView show that DeFi’s top 100 tokens by market capitalization had a bullish week, with most tokens trading in the green.

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The current #NUPL value of 0.29 is at the lower bound of the equilibrium phase, which is a zone where 37.5% of all #Bitcoin trading days have been.

This zone was reached in early March 2023, and persisted for around 16 months in the last two cycles.

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#Bitcoin’s price finished May down 7%, data from monitoring resource CoinGlass shows — something of an average performance for a highly varied month.

The largest cryptocurrency is 5.5% lower in Q2, contrasting Q1 gains of over 70%.

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The expiration of #Bitcoin #options in May has been a significant event for traders in the cryptocurrency market.

It represented the maturity of 26% of the open interest in #Deribit, which is equivalent to 2.3 billion dollars.

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Total public debt will undoubtedly rise, as will the amount of interest payments being made by the U.S.

The spread between 2- and 10-year Treasury yields remains negative, as short-term debt rates remain higher than longer-term debt.

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The June 1 #debt-ceiling deadline emerged recently as the obvious candidate for a binary volatility event. And for good reason: A default would send shockwaves through markets worldwide. #bitcoin

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#Spot volumes across the major digital asset sectors also paint a similar picture. #crypto

Along with subdued #volatility and #liquidity, spot volumes have also compressed to under $20B, from falling from $40B billion at the start of the year.

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#Ethereum Dominates #NFT Market with 60% Share, #Bitcoin NFT Sales Capture 17% of Weekly Sales Volume, according to Cryptoslam.

The NFT sales for this week saw a 39.35% growth from last week, amounting to $202.22 million in global sales.

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#Bitcoin miner fees stay elevated, boosting daily revenue to $1.8M, accordingt to #cryptoslate.

Uncovering the impact of Ordinals and BRC-20 tokens on Bitcoin miner fees and revenue growth.

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Over the last month there has been a significant increase in the number of #Bitcoin ATMs around the world.

There are currently more than 35,000 in operation, according to the most recent Coin ATM Radar records.

In total, the number of ATMs is 35,069 , an amount that reflects a new peak after being below 34,000 since last March.

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🤑 #Ethereum is getting a large amount of profit taking transactions after a mild +5% price jump the past week.

Typically, we want to see a lot of traders #hodling, and if this ratio comes down to earth, it would be a signal $ETH is on its way to $2,000.

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From: rubikkav.nft

ANALYSIS: Top 10 #NFT marketplaces by volume in May 📊.

1. #Blur - $446M
2. #OpenSea - $186M
3. #ImmutableX - $ 28 million.

OpenSea is losing its market dominance.

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From: rubikkav.nft

The percentage of gas consumed by #DeFi protocols has dropped from 34% in 2020 to between 8% and 16% presently, with nonfungible tokens (#NFTs) commanding the maximum share of 25–30%, according to a recent report from #Glassnode.

Glassnode’s supply-weighted price index for D...

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Monthly parameters suggest that #Bitcoin #BTCUSD could touch $22,942.81.

Price is being forced into a weekly correction that has led to volume loss, #volatility and low sentiment.

However, for the upward trend to continue it is necessary to break the resistance of $27724.91, which was rejected a few days ago.

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Despite a decline in #NFT trading activity on #Blur and other #Ethereum NFT markets over the past month, Blur's lending platform experienced significant growth.

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From April into mid-May, the 7-day moving average of transactions on the #bitcoin #network literally soared to new heights as Ordinals and BRC-20 tokens drummed up network activity, and consequently the average transaction fee.

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#Bitcoin 180D volatility hits a multi-year low.

According to Kaiko, #BTC and #ETH's long-term #volatility, which has been steadily declining since Nov 2022, just hit its lowest level in more than two years.

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Digital asset investment products saw outflows totaling $62m, marking the 7th consecutive week of outflows that now totals $329m. Source: https://buff.ly/45Kg5Qv