Bitcoin on-chain activity insights- Look here The recent trend of decreasing activity on the Bitcoin on-chain activity network has caught the attention of data analytics firms Sentiment and Dune Analytics, clearing up consequent shifts within the cryptocurrency landscape. According to Sentiment data, there has been a noticeable decline in on-chain activity over the past few months, marked by reductions in transaction volume, daily active addresses, and whale transaction count. Here’s a breakdown of the key points: Coming to Bitcoin crypto news Sentiment data reveals over the past few months, an important decline in Bitcoin on-chain activity. This was observed with…

Bitcoin Exchange Inflows Hit Decade-Low, Signaling Investor Hesitancy This news article discusses a drastic decrease in the regular inflows of Bitcoin exchange, which has not been seen in nearly a decade. In April and May 2024, the daily Bitcoin exchange inflow accounts are seen at their lowest levels in the past decade. Even though Bitcoin cryptocurrency has reached an all-time high of US$73,800, the inflows to exchanges dropped. This fall in Bitcoin inflow shows that few people are depositing their Bitcoin onto exchanges. Coming to the April 20 crypto market shows Bitcoin was trading at around US$63,009, and only 8,400…

Let us navigate to crypto market update today The crypto market update: Today, 9th of May, Bitcoin lowered below US$62,000, and THORChain ranked as the top gainer. Meanwhile, the global market cap fell to US$2.28 trillion. The cryptocurrencies price today: Bitcoin (BTC) Price: 09-05-2024 As per CoinMarketCap, Bitcoin price stands at US$61,587.55, in a 24-hour dip of 2.18%. While coming to the Indian exchange WazirX, BTC’s price is seen at Rs 54.48 lakh. Ethereum (ETH) Price: 09-05-2024 Coming to Ethereum, the price stood at US$2,996.16, stamping in the 24-hour dip of 0.88% at the time of writing. As per the…

Let us look at the top 10 cryptocurrency gainers of May 09, 2024, in today’s crypto market. Cryptocurrencies have become a focal point of the financial markets, offering investors opportunities for significant gains and volatility. On May 09, 2024, several cryptocurrencies experienced notable price surges, positioning them as the top gainers in the market. In this article, we’ll delve into the top 10 cryptocurrency gainers of the day, examining their performance, underlying technologies, and factors driving their growth. Akash Network (AKT): Price: $4.95 24h Change: 11.05% 24h Volume: $42,999,053 Akash Network, represented by the AKT token, witnessed a significant…

Why Australia demands client data from crypto exchanges? The Australian Taxation Office (ATO) has stepped ahead to appeal for personal data and transaction-related information from cryptocurrency exchanges. i.e. Australia demands client’s data from crypto exchanges. This move potentially has involved up to 1.2 million accounts. The primary goal is to improve enforcement against individuals who have been neglecting crypto tax obligations in the time of the increasing popularity of digital tokens. The ATOs identify that the data is focused on specified traders who did not report on their crypto exchanges or the use of cryptocurrency for purchases of goods and…

Grayscale Bitcoin ETF latest insights and trends Recently, Grayscale Bitcoin Trust (GBTC) has reported facing tough competition because there are other more accessible options to trade Bitcoin, like ETFs (exchange-traded funds).  People are taking their money out of Grayscale Bitcoin ETF and with some new money coming in. Grayscale Bitcoin ETF is a channel where people invest money indirectly and own Bitcoin without dealing with buying and keeping Bitcoin. When you invest in Grayscale Bitcoin Trust, you will get a share that represents a part of the Bitcoin owned by the trust. These shares’ value ranges based on the current…