Billion

On-Chain Data Finds OKEx Holds $2.3 Billion Worth of Bitcoin

According to the researchers at Glassnode, OKEx holds $2.3 billion worth of Bitcoin. The report comes after the exchange temporarily suspended withdrawals on October 16. In a public statement, OKEx said that one of the persons holding a private key to the exchange’s wallet is cooperating with investigators. The statement reads: “One of our private […]

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Bitcoin Up $2k on Day as Market Nears $400 Billion

The price of bitcoin continued to show gains on Wednesday, defying critics to set a new all-time high on a stellar night-time trading session.

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Tether (USDT) Market Capitalization Tops $10 Billion

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Bitcoin Falls Behind Ethereum As The Altcoin Records More Than 100 Billion Unique Addresses

  The Ethereum network witness an eventful week as the number of addresses holding the ethereum beat Bitcoin to the top. Fees, unique addresses, long term ETH holders follow suit and witness a significant surge.  Ethereum Community Preps For Eth2 The Ethereum community has been looking forward to the launch of Ethereum 2.0 (Eth2) in […]

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Cryptocurrency Derivatives Trading Volumes Hit $602 Billion Record in May

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Ethereum DeFi Nears $1 Billion Milestone Again, and That’s Big for the ETH Bull Case

Ethereum’s budding decentralized finance (DeFi) ecosystem took a heavy beating after the March capitulation crash. As I detailed in an analysis for LongHash, what happened was that MakerDAO became unstable due to what some say is an erosion in trust in the protocol. Ethereum investor Parafi Capital wrote in a blog post: “We believe this […]

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Bitcoin Exchange Balances are Down $3 Billion from Mid-March; What This Could Mean

Bitcoin has entered a firm bout of sideways trading as it struggles to garner any notable near-term momentum This comes shortly after its latest rejection at $9,900, which confirmed that the heavy resistance around $10,000 may prove to be insurmountable This short-term volatility doesn’t seem to be phasing investors, as data shows that exchanges have […]

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Since Bitcoin Hit $3,700, $1.7 Billion Left Exchanges: Here’s Why This is Highly Optimistic

Bitcoin has been on a near-unstoppable rally since March’s lows of $3,700. The cryptocurrency at last week’s highs was up more than 170% from the lows, tapping $10,100 after a spectacular jump higher. This trend has been marked by crypto investors withdrawing their BTC off exchanges en-masse in a strong boost to Bitcoin’s medium-term bull […]

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Bitcoin Options Becoming “Cheaper” As Open Interest Sets Record Highs Of $1 Billion

Bitcoin’s three-month realized volatility (RV) and implied volatility (IV) spread is rising to all-time highs after a sharp rise towards $10,000 in the early Asian market hours on May, 8. The wide RV-IV spread signals a possibility of options trading cheaper than expected as the Bitcoin options open interest hit an all-time high of $1.07 […]

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Stablecoins Hitting $9 Billion Shows Investors in Crypto Market Are Rattled

Over the past few weeks, stablecoins, crypto-assets tied backed by a “stable” reserve asset, have become increasingly important to the cryptocurrency market. First, just assets used by the fringe, this subset of altcoins now accounts for a growing percentage of the crypto market’s value. In fact, according to April 20th data from blockchain analytics firm […]

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Brutal 25% Bitcoin Crash Liquidates $0.5 Billion In BitMEX Longs

When I woke up just minutes ago and saw the price of Bitcoin, I thought someone had pulled a joke on me; never in a hundred years did I think BTC was going to move that fast. For those who have been living under a rock or sleeping as I have, the price of the […]

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What a Bitcoin Transaction Worth $1.4 Billion Means for BTC?

Internal exchange wallet moves, or some other reason, created a mammoth Bitcoin transaction worth $1.4 billion. Whale Transactions Used as Indicators of Potential Price Action A new “whale” transaction has been spotted on the Bitcoin (BTC) network, carrying $1.4 billion in value. This amount is equivalent to half the daily transaction value for the entire […]

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10 Years of Bitcoin and Crypto: 3.1 Billion Transactions

The overall transactions on Bitcoin and cryptocurrency networks reached 3.1 billion from the launch of BTC in 2009 to boom times of the past couple of years. In 2019, Bitcoin and Leading Crypto Networks Boosted their Transaction Count All cryptocurrencies marked exponential growth in adoption, reaching a total of 3.1 billion transactions. The total value […]

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The Fed Has Pumped $500 Billion Into the Repo Market. Where Does It End?

In September 2019, the interest rate for the overnight money market — a short-term lending market where banks borrow cash from each other to meet reserve requirements at the end of a business day — surged to 10 percent. Banks weren’t willing to lend out capital for the Federal Reserve’s target interest rate of 2 […]

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Bitcoin Futures Open Interest Hits $3.5 Billion; Upward Trend to Continue?

The Bitcoin and wider cryptocurrency markets surprised observers yesterday as the market capitalisation of leading cryptos suddenly increased. January 14 started with the market at $217.5 billion, today that figure stands at over $238.8 billion. The heightened market volatility appears to have attracted other traders to the market. Open interest in Bitcoin futures, for example, […]

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Bitcoin and Crypto Markets Crank $14 Billion, What’s Next?

Bitcoin and crypto assets are making a remarkable recovery today and markets are up almost $14 billion in under 24 hours. Bitcoin Leading Crypto Markets A few hours ago BTC started to move again, lifting off from its intraday low at support around $7,700. The move culminated in a top out at $8,250 according to […]

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$100 Billion in Bitcoin Hasn’t Moved in Over 1 Year, And Its Bullish

The cumulative sum in dormant bitcoin addresses surpassed 12.58 million BTC, worth just about $100 billion at current price. It indicates most investors are holding strong despite volatility in the market. It also demonstrates that amidst one of the steepest falls in recent history from $13,900 to $6,410, the majority of investors were holding onto […]

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Federal Reserve’s Record $235 Billion Repo Intervention Validates Bitcoin

While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown. Related Reading: Bitcoin Fixes This: Top Bank Chief Says Monetary Policy is Failing One such pro-Bitcoin […]

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Ethereum Based DeFi Forecast to Hit $5 Billion in 2020

The future of finance is evolving and Ethereum based DeFi is at the forefront of it. This year has seen explosive growth in decentralized finance despite bearish crypto asset performance. 2020 is set to be even bigger with bold predictions of where DeFi will go next. 2020 Could Be Huge for DeFi Decentralized finance has […]

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Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume

Coinspeaker Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume Yesterday the Bitcoin network saw about $9 billion being moved in over 20 transactions, all within an hour. It’s a new record. Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume Continue reading at Coinspeaker

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Bitcoin-Based IRA Investments to Break $1 Billion Soon

The pension crisis is deepening across the world. As a result, Bitcoin-based retirement products are now taking center stage. Most notably, the Bitcoin IRA, which is already processing over $350 million and is projected to reach investments for over $1 billion shortly. Investor Sentiment Is Bullish on Bitcoin The pension crisis is spreading all over […]

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DappRadar Discovers $3.8 Billion Worth of Hidden Activity on Ethereum

Coinspeaker DappRadar Discovers $3.8 Billion Worth of Hidden Activity on Ethereum DappRadar discovered high transaction volumes on the ETH network after considering the tokens transferred within the smart contracts. DappRadar Discovers $3.8 Billion Worth of Hidden Activity on Ethereum Continue reading at Coinspeaker

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Bitcoin’s ‘Loss-Adjusted Market Cap’ is 87 Percent of $104 Billion

The US Federal Reserve has continued its streak of quantitative easing, by pouring in funds to uphold the confidence that liquidity won’t dry out. The latest sum, $104 billion, is almost close to Bitcoin’s loss-adjusted market valuation. Tuur Demeester, founding partner at Adamant Capital, and Bitcoin proponent commented on the Fed’s latest liquidity injection. $104B […]

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