Bitcoin STH YoY Realized Price Well Below 2021 Highs – Room For Growth?
Bitcoin has been consolidating in a tight range between $92,000 and $96,000 since last week, frustrating both bulls and bears as volatility compresses. This narrow trading band is unlikely to last much longer—once Bitcoin breaks out of this range, analysts expect a sharp and aggressive move in either direction. For bulls, a confirmed surge above […]
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Crypto investors from the United States realized nearly $47 billion in gains during 2021, outpacing the UK by a factor of six. Crypto investors from the United States realized crypto gains nearly six times higher in total than the UK, the second highest country in terms of realized gains. According to a report by Chainalysis, crypto investors in the US accrued a record $46.9 billion in realized gains throughout 2021, leading the rest of the world by a wide margin. The US is followed at quite some distance by the UK at $8.1 billion and Germany on $5.8 billion. Total realized cryptocurrency....
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....
The MVRV indicator shows that Bitcoin currently hasn’t reached the top yet, and the crypto may still have room to grow. Bitcoin MVRV Ratio May Show The Top Hasn’t Been Reached Yet As pointed out by a CryptoQuant post, on-chain data suggests MVRV ratio values are still low right now, implying that the coin hasn’t yet made the top. The Market Value to Realized Value (or MVRV in short) ratio is a Bitcoin indicator that’s defined as the market cap divided by the realized cap. MVRV Ratio = Market Cap ÷ Realized Cap The metric’s value tells us whether BTC’s....
The Bitcoin price is lingering just under $19,000 at the time of writing, not far from the local low of $18,300. When the Consumer Price Index (CPI) and Producer Price Index (PPI) data was released last week, the BTC price plunged to just that price level. Unexpectedly for many, a very quick rebound happened, catching shorters off guard. With November 02 – when the FED meets again – in mind, the Bitcoin price doesn’t have much room to fall below that level at the moment. Moreover, a look at the on-chain suggests another crash is possible in the short term, although there....
Getting to 10% of gold's market cap would mean that each bitcoin costs $154,000, says CryptoQuant. Bitcoin (BTC) has much further to go to suck away even 10% of gold’s market cap than old data claims, a popular indicator reveals.Highlighting numbers from Bitcoin’s realized cap on Jan. 12, Ki Young Ju, CEO of on-chain analytics resource CryptoQuant, said that the cryptocurrency had taken far less of gold’s market cap than previously claimed.Realized cap cools Bitcoin numbers gameAs Bitcoin grew in price towards the end of 2020 and hit all-time highs of $42,000 last week, a narrative....