Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode
So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, according to blockchain analytics firm Glassnode. In its July 4 Week Onchain report, Glassnode analysts said June saw Bitcoin have one of its worst-performing months in 11 years, with a loss of 37.9%. It added activity […]
Three-quarters of BTC addresses still in profit despite market decline: Glassnode
The price of Bitcoin (BTC) has been on the decline again recently, but new insights from blockchain analytics firm Glassnode show that up to 75% of Bitcoin addresses are in profit. In its Week-On Chain report published on Monday, April 11, Glassnode analyzed the number of Bitcoin wallets that are in profit and found that […]
Bitcoin hash rate returns to all-time high levels
The global hash rate of the Bitcoin network has returned to all-time high (ATH) levels just six months after it saw a major crash during the aftermath of the Chinese government’s mining ban. The global hash rate of the Bitcoin network tanked as low as 84 EH/s at the start of June following the Chinese […]
Former Bitcoin lead dev predicts demise of BTC network … with a major silver lining
A former lead developer for the Bitcoin network has postulated a possible future for the world’s most popular cryptocurrency which includes an epic price prediction. Software developer Gavin Andresen published a recent blog post called “A Possible BTC Future” in which he predicts the demise of the Bitcoin network. Before BTC meets its end, it […]