Record Number of Bitcoin Addresses - The number of addresses holding BTC surpassed 50,000,000 for the first time ever this week.

Though one address does not necessarily mean one user, the growth in addresses with a balance of Bitcoin suggests growing adoption.

Bitcoin's dom...

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Recent rise has been fuelled by the growth of Tether (#USDT) on the #Ethereum ($41 billion) and #Tron ($48 billion) networks respectively, resulting in an all time high market cap of $88 billion for #Tether, as Circle’s #USDC stabilizes at $22.5 billion.

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The latest price increase for #BTC has placed the asset higher than the entire spectrum of the realised price bands (refer Figure below).

This spectrum provides some of the most important price levels for any pullbacks as all of these bands have proven to be support levels in retests in the past.

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Year-to-date BTC is up almost 134%, whereas BITO is only up around 84%, mostly because of how managers of futures ETFs need to rotate the contracts they are holding as opposed to just handling the assets in perpetuity.

2023 has been a big year for Ethereum scaling solutions...

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Altcoin market share of trade volume surged to 67% last week, its highest level since March 2022, as traders continued rotating into riskier assets amid an ongoing rally.

Daily altcoin trade volume spiked above $20bn in early November for the first time since April 2023. Wh...

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#Cardano sought its largest liquidation pool at 0.598 USD. Additionally, in the short term, it adversely affected short sellers with a rapid price appreciation. Now, the majority of liquidity is below.

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Bitcoin continued its upward trajectory this week, zooming up 14.6% on the week.

Bitcoin seemed to make short work of “even level” price resistance, punching through $40K without much effort.

At its highest point this week, bitcoin touched $45K. The asset is now up 161.2%...

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Altcoins Cardano, Solana and Algorand noted a spike in their social dominance in the past 24 hours.

#ADA, #SOL and #OP social dominance marked one of the highest levels seen in 2023.

Analysts at crypto intelligence tracker Santiment recommend proceeding with caution when ...

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Corrections of up to 50% are coming in bull markets. The current cycle is in black. We have not seen a correction above 20% so far in this cycle, the profitability ratio is high. Be ready for dips to load your bags. #Bitcoin

Most $MATIC tokens were purchased or acquired betw...

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📈 #MakerDAO crosses $200M of annualized revenues.

MakerDAO underwent a significant transformation of its balance sheet over the past year by decreasing its #stablecoin exposure (PSMs) and allocating it in Real-World Assets (RWA), up to $2.89 billion, mainly off-chain T-Bill...

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Join to chat https://news.1rj.ru/str/+dRfMO4_XwS8xOGEx 📈📉🤝😎

Follow more news from the cryptocurrency market and traditional markets on the new #Wubits social network. Join here: https://social.wubits.io/share/invite?rid=63dffbc796acc11510f0903b&utm_source=link

Why $ETH is rising from an #onchain perspective

1. $ETH Staked Realized Price Breakout
The average unit price of $ETH staked on the Ethereum network is $2k. This is a key support and resistance price because it is the average unit price for investors who want to hold $ETH f...

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#Cryptocurrency market grew by USD 870 billion so far this year. The total #crypto market capitalization increased by approximately 110% between January and December 2023.

#Bitcoin led the market with the capitalization increase by 162%. #ETFs and #Ordinals in Bitcoin boosted the digital currency.

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Cardano price increases 50% after an update. Cardano Ballot, a decentralized network application, was updated to improve decision making on the network.

Cardano (ADA) increased its price by 50% in the last seven days, following a recent update of Cardano Ballot, a decentrali...

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📈Market Overview

#Bitcoin price trades above $44K. The top-10 cryptos are traded in red zone:

#Solana -4.23%.
#XRP -2.66%.
#Dogecoin -2.29%.

Market capitalization: $1.80T (-0.6%).
The BTC dominance: 48.02% (+0.1%).
Fear & Greed Index: 74 (Greed).

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The number of BTC transfers on the network in 2023 was maintained in the range of 437 thousand to 1.5 million BTC per day. The last peak occurred on October 24, totaling 1.4 million BTC at a price level of $34,000.

The current range of movements structurally resembles the ra...

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If the current #Bitcoin price rally marks the start of a new and prolonged bull market, the recovery will be significantly quicker than in previous cycles.

The supply of wallets with balances greater than 1K BTC, which are mainly exchange wallets, has started to decrease, as...

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#Bitcoin primed to outpace #Ethereum during bull market for first time next cycle

As Ethereum underperforms, Bitcoin's ascendancy poses new questions for crypto investors.

Nearly $1.5B in Bitcoin profits pocketed by short-term holders; long-time holders stay patient

Bitcoi...

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Record 31% of #Bitcoin supply dormant for over five years

Steadfast Bitcoin investors signal indifference to price swings, demonstrating their confidence in long positions.

#Dogecoin has successfully surpassed all major resistance levels!

With support at $0.095 proving str...

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VanEck goes for 'HODL' with spot Bitcoin ETF filing. 📈

HTX sees massive outflows post-hack. Can they rebuild trust? 💸

Tether freezes sanctioned wallets, riles decentralization purists. 🥶

Innoscriptions deemed a cyber risk. 🤔

Authorities aim to cut off crypto funding for...

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