Cryptocurrency Insight
On-chain data shows that Bitcoin shrimp supply has reached all-time highs as these small investors continued to accumulate aggressively. Bitcoin shrimp supply hit a new all-time high According to data from on-chain analytics firm glassnode, the supply held by shrimp increased by 24,600 BTC in Read More
On-chain data shows that Bitcoin’s diamond hands remain strong as its supply hit a new all-time high. Supply of long-term Bitcoin holders increased to a new ATH According to Glassnode’s latest weekly report, long-term holders are now holding 14.46 million BTC. The “long-term holders” (LTHs) Read More
Bitcoin’s Taproot upgrade is a pivotal moment for the cryptocurrency, as it brings with it a host of improvements designed to increase the network’s efficiency and privacy. In fact, this update is considered to be one of the most significant updates in Bitcoin history and Read More
On-chain data shows that Bitcoin’s active addresses have surpassed levels seen in November 2021, suggesting demand for BTC is picking up. Bitcoin active addresses have seen steady growth recently As one analyst pointed out in a CryptoQuant post, there were concerns in February that the Read More
While the gold price surged 2.1% yesterday and is now close to an all-time high, Bitcoin price is making another attempt today to break the $28,8000-$29,000 resistance area that has been in place since mid- March. The latest macroeconomic data and a gold price that Read More
Bitcoin mining difficulty is currently at all-time highs, but miners seem unfazed as the hashrate has only continued to rise recently. Bitcoin Mining Hashrate Continues Uptrend Despite Increased Difficulty The “mining hashrate” is an indicator that measures the total amount of computing power currently connected Read More
The data shows that Bitcoin’s 1+ year supply has reached an all-time high, showing that the asset’s diamond hands are holding strong during the rally. Bitcoin Long Holders Not Moving Despite Rally According to Glassnode’s latest weekly report, the 6+ month supply is also close Read More