Bitcoin

According to the report, according to CoinGecko data, the current total market value of cryptocurrency is $1.113 trillion, with a 24 hour increase of 0.7%. The 24 hour trading volume is $46.883 billion. The current market value of Bitcoin accounts for 40.2%, and the market value of Ethereum accounts for 17.3%. Interpretation of this information: Cryptocurrency market continues to show resilience amidst the COVID-19 pandemic and economic uncertainties. According to the report, the current total market value of cryptocurrency is $1.113 trillion, which is a clear indicator of the growing…

According to the report, BTC.com data shows that the current number of unconfirmed transactions in the whole network of Bitcoin is 461, the total network computing power is 289.81 EH/s, the 24-hour transaction rate is 3.11 transactions/s, and the current difficulty of the whole network is 43.05 T. It is predicted that the next difficulty will be reduced by 0.99% to 42.63 T, and there are still 13 days and 9 hours to go before the adjustment. Interpretation of this information: The message provides some key statistical information on the…

On February 27th, according to the data of coinglass, 11918.3 BTC has flowed into the Bitcoin wallet of the Coin Exchange in the past 30 days. Up to now, the balance of the wallet has reached 527624.23 BTC, which is still the largest encryption exchange holding Bitcoin, followed by Coinbase Pro and Bitlinex. The current balance of Bitcoin wallets of these two exchanges is 489573.10 BTC and 346207.96 BTC respectively. Interpretation of this information: The message reports an influx of 11,918.3 BTC into the Bitcoin wallet of a coin exchange…

According to the report, data from CoinShares showed that there was a small outflow of US $2 million in digital asset investment products last week. Among them, Bitcoin outflow totaled $12 million for the third consecutive week, while short Bitcoin inflow totaled $10 million. Ethereum was relatively unaffected by the recent negative sentiment, with only $200000 outflow last week. Polygon, Solana and Cardano had a small amount of capital inflows, totaling US $600000, US $500000 and US $400000 respectively. Interpretation of this information: The recent report from CoinShares suggests that…

According to reports, Gary Gensler, chairman of the Securities and Exchange Commission (SEC), said in an interview with the New York Times that almost all types of cryptocurrency transactions except Bitcoin belong to securities transactions under the jurisdiction of the SEC. These tokens are securities, because there is an intermediary group, and the public expectation is based on the group’s profits. Behind these cryptocurrencies, some people use various complex and legally opaque mechanisms, But at the most basic level, they are trying to promote their Token and attract investors. Because…

It is reported that Arthur Hayes, the former CEO of BitMEX, said in the latest interview with Crypto Banter that Bitcoin has not really got rid of its connection with global risk assets. Although it has rebounded from below $16000 to above $24000 recently, the market is still waiting for a “correlation” moment, which means that it may experience another decline, including Bitcoin. Then once this correlation is over, the encryption field will be favored. （dailyhodl） Interpretation of this information: Former BitMEX CEO Arthur Hayes recently commented on Bitcoin’s connection…

It is reported that the number of addresses holding more than 1000 Bitcoins is currently 2020, a three-year low. Interpretation of this information: The recently reported data suggests that the number of Bitcoin addresses holding a considerable amount of the currency has decreased significantly over the past three years. In particular, the number of addresses holding over 1000 Bitcoins has dropped to a three-year low of 2020. While the report does not explain why this trend has occurred, one possible explanation could be that some of the long-term holders of…

According to reports, Glassnode data shows that the number of addresses holding at least 10 Bitcoins is 155555, reaching a three-year high. Interpretation of this information: The cryptocurrency market has witnessed a lot of ups and downs over the years, but recent reports suggest that Bitcoin is experiencing a surge of interest from investors. Glassnode data indicates that the number of addresses holding at least 10 Bitcoins has reached a three-year high of 155,555. This is good news for Bitcoin aficionados, who have been hoping for a sustained recovery in…

According to reports, 1ML data shows that the current number of Bitcoin Lightning network nodes is 16241, an increase of 1.15% in the past 30 days; The number of channels was 76480, an increase of 0.6% over the previous month; The network capacity was 5403.20 BTCs, up 3% on a monthly basis. Interpretation of this information: The message here is that the Bitcoin Lightning network is growing steadily, evident from the increase in the number of nodes, channels, and network capacity. The Lightning network is a layer built on top…

According to the report, according to the data of Coinsecko, the current market share of Bitcoin is temporarily at 40.18%, with a weekly decline of 0.43%; The share of Ethereum was 17.41%, with a weekly increase of 0.02%; The market value of USDT, USDC and BUSD are 6.36%, 3.83% and 1% respectively. The total market value of cryptocurrency across the network is $1105456639477. Interpretation of this information: The message provides an update on the current market share of Bitcoin and other cryptocurrencies. According to Coinsecko data, Bitcoin’s market share has…

According to the report, the data shows that the mining difficulty of Bitcoin increased by 9.95% to 43.15T, and the current network computing power is 302.56EH/s. Interpretation of this information: The message pertains to the mining difficulty of Bitcoin and the current network computing power. Mining difficulty refers to the degree of difficulty in solving the mathematical problem involved in mining a Bitcoin block. As per the report, the mining difficulty of Bitcoin has increased by 9.95% to 43.15T. This implies that the process of mining Bitcoins has become more…

According to reports, the financial report data released by the payment company Block showed that the Bitcoin sales revenue of Cash App in the fourth quarter was $1.83 billion, down 7% year on year, but higher than the $1.76 billion reported in the third quarter. Bitcoin’s gross profit was $35 million, down 25% year on year. In a letter to shareholders, Block said that the year-on-year decline in Bitcoin revenue and gross profit was caused by the decline in Bitcoin price. At the same time, the Bitcoin revenue of Cash…

It is reported that according to the data of Glssnode, the percentage of supply of BTC that has been active for more than five years has just reached a record high of 28.215%. Interpretation of this information: The reported data from Glassnode shows that the percentage of Bitcoin (BTC) supply that has been active for over five years has reached an all-time high of 28.215%. This statistic is significant because it indicates that many long-term BTC holders are holding on to their investments and not selling, possibly because they have…

According to the report, according to Dune data, the total number of NFTs minted by Ordinals based on Bitcoin reached 170001, a record high. Interpretation of this information: The hype surrounding Non-Fungible Tokens (NFTs) continues to rise as the latest report from Dune Analytics reveals a new milestone in the NFT market. The data indicates that Ordinals, a platform for NFTs that are based on the Bitcoin blockchain, has minted a total of 170001 NFTs. This figure sets a new record and reflects the growing popularity of this type of…

It is reported that Charles Edwards, founder of the digital asset quantification fund Capriole Investments, said in an interview that Bitcoin is at the beginning of a “new revolution” after the price rise in early 2023, and next year will be a key year. With the recovery of investment behavior and price trend around Bitcoin, Edwards, like many other institutional professionals, may be preparing for the explosive growth period. He believed that there was no final conclusion as to whether the BTC price hit the bottom, but for long-term investors,…

It is reported that the capital rate represents the payment of fees between the holders of perpetual futures contracts. When the interest rate is positive, the holders of long positions pay fees to the holders of short positions to maintain the counterparty of the transaction. When the capital rate is negative, the opposite is true. Short pays long. The data shows that for Bitcoin, since January 14, the daily capital rate has been positive, except for the neutral value on February 12. Investors with long positions expect asset values to…

It is reported that according to the data of Glassnode, a blockchain analysis company, the number of bitcoin UTXO (unspent transaction output) increased at the rate of 117000/month last week, reaching the highest value since December 2022, and the total number of UTXO also reached a record high of 137 million. Interpretation of this information: The recent report by Glassnode, a blockchain analysis company, states that the number of bitcoin unspent transaction output (UTXO) has increased at an accelerating rate of 117,000 per month. This figure has reached a level…

According to the report, according to CoinGecko data, the current total market value of cryptocurrency is $1.13 trillion, with a 24 hour drop of 2.4%. The 24 hour trading volume is $85.307 billion. The current market value of Bitcoin accounts for 40.5%, and the market value of Ethereum accounts for 17.2%. Interpretation of this information: The report reveals that the current total market valuation of cryptocurrency as per CoinGecko data amounts to $1.13 trillion. However, there has been a 2.4% dip in the market within 24 hours. The 24 hour…

According to the report, BTC.com data shows that the current number of unconfirmed transactions across the Bitcoin network is 8653, the overall network computing power is 317.26 EH/s, the 24-hour transaction rate is 3.25 transactions/s, and the current difficulty of the whole network is 39.16 T. It is predicted that the next difficulty will increase by 10.25% to 43.17 T, and there are still two days and four hours to go before the adjustment. Interpretation of this information: Bitcoin is facing an increasing number of unconfirmed transactions, with the current…

On February 23, Marco Falke, the core developer of Bitcoin, announced in a tweet released on February 21 that he would resign as a maintainer this summer. It is reported that Falke is the most prolific contributor of Bitcoin core. During his seven-year tenure, Falke has collected more than 2000 submitted software change proposals. In the three years of these seven years, Falke’s efforts have been funded by the cryptocurrency exchange Okcoin and Web3 investment company Paradigm. Falke reiterated his enthusiasm for Bitcoin and said that he “has a positive…