On-Chain Bitcoin Volume At Five-Year Low
But the change-adjusted volume transfer of the network in dollar terms shows just how effectively bitcoin is scaling.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin on-chain volume (change adjusted) has touched a five-year low in bitcoin terms, currently at 329,226 BTC per day over the last seven days. Low on-chain volume has been a short term bearish indicator, as it demonstrates low demand to use the....
Related News
On-chain data shows the Bitcoin transaction volume has plunged to a 3-year low, a sign that may not be positive for the cryptocurrency. Bitcoin Transaction Volume Has Continued To Be Low Recently According to data from the on-chain analytics firm Santiment, the BTC transaction volume has seen a decline of 90% since the peak in […]
Data from the on-chain analytics firm Glassnode has revealed how the Bitcoin transaction volume compares with traditional payment processors. Bitcoin Is Currently Witnessing On-Chain Volume Of $46.4 Billion Per Day As explained by Glassnode in a new post on X, BTC’s on-chain transaction volume currently stands at $46.4 billion per day. The on-chain transaction volume […]
On-chain data shows the Litecoin transaction volume has more than doubled in the last year, a sign that could be positive for the network. Litecoin Transaction Volume Has Shown Steady Growth Recently In a new post on X, Jay Milla, director at Litecoin Foundation, has discussed about the growth in on-chain activity that LTC has […]
On-chain data shows the Bitcoin Spot Volume has witnessed a rebound alongside the latest price rally, indicating a return of trading interest. Bitcoin Spot Volume Has Gone Up Recently In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Spot Volume. The “Spot Volume” here refers […]
Charles Hoskinson’s blockchain has again become one of the most active networks by transaction volume as it approaches that of Bitcoin but none of that has helped the price of ADA. The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process according to Messari.Cardano (ADA) currently has $17.04 billion in 24-hour transaction volume, according to data from on-chain analytics firm Messari. With Bitcoin (BTC) at $18.85 billion and Ethereum (ETH) at $5.25 billion according to....