Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction
The 2022 crypto winter seems to be one of the most severe bearish trends in cryptocurrency history. This saw the entire crypto market cut down by over 50% in value since the beginning of the year. Also, the situation in the crypto market got worse with the collapse of the Terra-LUNA ecosystem. However, the crypto market is recovering slightly from its trauma in the year’s first half. Bitcoin price is suddenly picking up despite its week’s instability and swings. Related Reading: Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next? According to the data from....
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The data on Bitcoin price movement shows that it has been struggling. Bitcoin has infrequently gone down to the $18K price in the past three weeks. It mostly maintained the $19K price level in the past week. It reclaimed the $20K mark on Tuesday last week but returned to its key level. As of Friday, it was trading at a price just above $19K. Related Reading: Glassnode Report Shows Bitcoin And Ethereum Derivatives Gain Massive Traction Although the price of Bitcoin has been low, its price movements have been quite steady. The same cannot be said about the majority of other digital assets.....
Latest data from Glassnode shows that the number of Ethereum validators observed a significant increase this month, adding 11.4k to the total. Ethereum Active Validators Marked Increase Leading Up To And Following The Merge As per the latest weekly report from Glassnode, the rate of new validators joining the network has risen in recent weeks. […]
The crypto markets have accepted the depegging of UST and the subsequent downward spiral of LUNA, both of which impacted the price of Bitcoin and the entire digital asset spectrum. According to a recent report by the Glassnode team, the Bitcoin market has been trading lower for eight weeks, making it the ‘longest continuous series of red weekly candles in history.’ Even Ethereum, the most popular altcoin, painted a similar picture. Bearish fluctuations damage returns and profit margins directly or indirectly. To make matters worse, derivative markets forecast shows more....
In the past few days, some leading cryptocurrencies, such as Bitcoin and Ethereum, have shown a bullish price trend. Some link the reversal in value to the US President and the Fed’s recent outplay of events. However, Glassnode has a contrary opinion. The blockchain analytics firm believes that the fundamental change in price value is […]
Glassnode has talked about the four phases of Bitcoin accumulation and distribution during the past year in their latest report. Bitcoin Accumulation Trend Score Shows Market Has Been Selling Recently As per this week’s edition of the weekly Glassnode report, the market has observed four distinct phases in the last twelve months. The relevant indicator […]