Capital Is Flowing Into Bitcoin Almost At a Record Pace: On-Chain Data
Bitcoin has exploded higher over the past few weeks. The coin is up around 50% in the past five weeks alone. Capital is flooding into the Bitcoin market almost at a record pace, according to Willy Woo. Woo specifically pointed to the Realized Price metric, which tracks the estimated cost basis of the average Bitcoin investor. Bitcoin Is Seeing Record Inflows… Almost: Willy Woo Bitcoin has exploded higher over the past few weeks. In the […]
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On-chain data shows the Bitcoin Realized Cap has surged to a new all-time high (ATH) recently, but monthly inflows have slowed down considerably. Bitcoin Realized Cap Is Growing At A Notably Slower Rate Now According to data from the on-chain analytics firm Glassnode, the Realized Cap of Bitcoin has just set a new record. The “Realized Cap” here refers to a capitalization model for Bitcoin that calculates the asset’s total value by assuming the ‘real’ value of any token in circulation is equal to the spot price at which it was last transacted on the network.....
Six U.S. senators have questioned the Securities and Exchange Commission (SEC) why its staff is quitting at a record pace. “Efforts to ram through hurried rulemaking without proper analysis, deliberation or consideration of downstream negative impacts is nothing short of regulatory malpractice,” the lawmakers told SEC Chair Gary Gensler. SEC Staff Leaving at Record Pace Six U.S. senators have reportedly sent a letter to the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, inquiring why the securities watchdog’s employees are quitting at a....
Ethereum’s realized cap has surged into new all-time highs this month, indicating that new money is rushing to accumulate ETH. Ethereum’s realized capitalization has increased by nearly 50% in January so far to tag new all-time highs above $70 billion, according to CoinMetrics.The data shows that Ethereum’s realized cap has more than tripled since dropping below $25 billion in during March 2020’s “Black Thursday” crash..Ethereum’s realized cap: CoinMetricsThe realized capitalization metric calculates the value of a crypto asset’s supply according to when each unit last moved on-chain. The....
China is on track to beat its 2016 FinTech capital venture $10 billion funding record as Chinese companies continue to set the pace and raise funds to expand their digital services. In a report from Bloomberg, Accenture Plc said that the investment areas focused on will most likely include artificial intelligence, big data, blockchain, and cybersecurity. According to Albert Chan, managing director of China financial services at Accenture, more money is expected to go into investment services, online lending, and robo advisors. Over the last two years there has been significant growth in....
As capital outflow from China continues to increase, the possibility of Bitcoin reaching $800 seems to be more than ever. Bitcoin has been going strong since the past few weeks. The cryptocurrency which was priced at around $640 in mid-October has surged past the $700 mark and now stands at $725, after falling to $690 briefly over the weekend. At the current pace, the price of Bitcoin reaching $800 is imminent. As to the reason behind the recent increase in price, the largest since June 2016 is the constant demand for Bitcoin in the Chinese market. Lately, China has been witnessing an....