Today, representatives of Avalanche are celebrating the 2nd anniversary of the mainnet, that is, the main network of the project. Time in the world of cryptocurrencies flies quickly, you can’t say anything.
Meta representatives allowed Facebook and Instagram users from the United States to connect cryptocurrency wallets and show collections of their NFT tokens. So digital assets are slowly taking over the world.
Today, the record was set by the number of Bitcoin addresses that have at least 1 BTC. According to Glassnode, there are 904,878 of them, so some investors are actively taking advantage of the situation with sagging coin rates and buying more crypto.
Meanwhile, the share of transaction fees in the total income of Bitcoin miners has dropped to a monthly low. According to Glassnode, the figure is 1.1 percent.
Recall that this week the average transfer fee in the BTC network dropped to 69 cents, which was not there for more than a year.
Meanwhile, the volume of daily trading on cryptocurrency exchanges fell to the minimum zone for the year. So a significant part of those who like to speculate went offline.
How do you like this comparison of the graph of the total capitalization of the cryptocurrency market with the legendary analysis of the psychology of the market cycle (top left)? All coincidences are random, but then it is clearly worth being prepared for a period of "depression" 😅
Over the past 24 hours, the Binance cryptocurrency exchange accounted for more than 50 percent of the trading volumes of the entire industry - both in terms of spot trading and derivatives trading. So it goes.
Over the past week, 62 percent of all Ethereum transactions took place on a second layer network called Arbitrum. This is the equivalent of a 550% increase in her popularity compared to August. Not bad.
Meanwhile, the number of bitcoins in the hodle reached its highest level in five years. We are talking about large batches of BTC, which are without movement. According to Glassnode analysts, today there are 7.56 million such coins.
The graph of changes in the market capitalization of cryptocurrencies reminds that everything is possible in this niche. And the long-awaited growth too 😅
Last week, the condition of Bitcoin investors was assessed as "extreme fear", but now it has returned to the usual fear. It seems that BTC at 16-17 thousand dollars does not scare cryptocurrency lovers so much anymore, and they are gradually starting to get involved with coins.
Trade volumes on cryptocurrency exchanges have updated at least two years. Accordingly, the traders are not very active now, which is quite logical taking into account the relative stability of the coins on the eve.
Crypto exchange Binance celebrates 10 million Twitter followers. In honor of such an event, its representatives, among other things, launched a special emoji for the corresponding hashtag. It looks like this.
Trading volumes on cryptocurrency exchanges have been updated for at least two years. Yesterday's result was $11.39 billion, which indicates a noticeable decrease in the activity of traders and investors.
Looks like they're getting ready for the holidays.
Bitcoin is 14 years old today! It was on January 3, 2009 that Satoshi Nakamoto launched the BTC network and mined the debut block. This is how the global cryptocurrency journey began 🚀
