Bitcoin users are slowly beginning to interact with the blockchain. Still, the number of active addresses on the network was unusually small. The reason for that was high transaction fees on the background of the mass popularization of NFT on Ordinals and BRC20-tokens.
Now the figure has reached 960 thousand units for the first time since the third day, analysts say Santiment. Next, we expect the norm near the level of one million addresses.
Now the figure has reached 960 thousand units for the first time since the third day, analysts say Santiment. Next, we expect the norm near the level of one million addresses.
Since the beginning of 2023, Bitcoin has delivered excellent growth of more than 60 percent, allowing it to outperform many traditional tools for investing.
However, other cryptocurrency-related phenomena have performed even better. We are talking about the shares of publicly traded BTC miners called Riot Blockchain and Marathon Patent Group.
As you can see from the chart, they increased in price several times more. Such is the case.
However, other cryptocurrency-related phenomena have performed even better. We are talking about the shares of publicly traded BTC miners called Riot Blockchain and Marathon Patent Group.
As you can see from the chart, they increased in price several times more. Such is the case.
2.85 million bitcoins haven't moved in at least a decade - that's 14.6 percent of the current number of BTC in circulation. The mark is a record-breaking figure.
And something tells me that most of those coins will remain at the addresses without movement. It's not that hard to lose access to wallets for such a long period of time.
And something tells me that most of those coins will remain at the addresses without movement. It's not that hard to lose access to wallets for such a long period of time.
According to PeckShield analysts, hackers stole the equivalent of $2.27 million worth of NFT in June 2023. This is the lowest figure this year - it lags behind February's record by as much as 85 percent.
That said, experts note that stolen tokens are traded on trading platforms like Blur or OpenSea for as little as 160 minutes.
That said, experts note that stolen tokens are traded on trading platforms like Blur or OpenSea for as little as 160 minutes.
The year 2023 turned out to be very profitable for holders of shares of publicly traded companies that are engaged in Bitcoin mining. The value of the latter has increased from 280 to 420 percent since the beginning of the year. And this is much more than the profitability of BTC itself, Kaiko analysts specify.
The reason for the growth of profitability of such giants in the second quarter was the increase in the value of Bitcoin, the development of NFT based on the Ordinals protocol and the launch of BRC20 tokens. All this attracted users, who actively conducted transactions and even set a record for the number of transactions per day in May.
The reason for the growth of profitability of such giants in the second quarter was the increase in the value of Bitcoin, the development of NFT based on the Ordinals protocol and the launch of BRC20 tokens. All this attracted users, who actively conducted transactions and even set a record for the number of transactions per day in May.
Yesterday, Bitcoin's hash rate reached the 600 exahashes per second mark. The total computing power of the network of the first cryptocurrency has never been so large.
So miners continue to actively connect to BTC mining. Obviously, until halving in the spring of 2024, this indicator will continue to grow.
So miners continue to actively connect to BTC mining. Obviously, until halving in the spring of 2024, this indicator will continue to grow.
Against the background of the activation of Ethereum users and the growth of commissions on the network, the rate of burning cryptocurrency as payment for transactions is also increasing.
Over the past month, more than 22 thousand ETH have fallen out of cryptocurrency circulation. We are talking about the equivalent of more than 46 million dollars.
Over the past month, more than 22 thousand ETH have fallen out of cryptocurrency circulation. We are talking about the equivalent of more than 46 million dollars.