Bitcoin $BTC crucial on-chain metric drops to 2010 levels, TXMCtrades says
This is one of the so-called"lifespan indicators" that demonstrates how many coin days are destroyed per transaction on a specific day. Simply put, it is a derivative from on-chain activity level that occurs between accounts.
As such, this metric has been falling since Q1, 2021. In mid-June 2022, it dropped below the levels registered prior to the legendary 2011 BTC price rally, a first breakthrough in the history of digital gold.That said, the Bitcoin network has not been so quiet since the days when orange coin was trading below $0.2; it has rallied over 345,000 times since.This dropdown should be attributed to two groups of catalysts.
However, the ecosystem of crypto-based financial products grows day by day. The activity on derivatives markets and CEXes is invisible for on-chain analysis instruments. So, this could also be interpreted as evidence of the maturation of the web3 segment as an economic and infrastructure category.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin Sees Lowest Ever Monthly RSI As BTC Dips Below $24KBitcoin's monthly RSI is at its lowest level ever as BTC's price drops below $24K.
Consulte Mais informação »
Bitcoin analysts are watching these BTC price levels as key trendline loomsBTC price could drop all the way down to $11,000 according to historically patterns, as Bitcoin analysts share their predictions.
Consulte Mais informação »
BTC/USD Forex Signal: Bitcoin Heads to $20,000 Ahead of FOMCThe BTC/USD price crashed to the year-to-date low as investors remained concerned about the rising inflation, interest rates, and recession chances.
Consulte Mais informação »
Bitcoin (BTC) Price Analysis for June 14Can bulls hold the price of BTC above $20,000 in the short-term point of view? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Consulte Mais informação »
Bitcoin, Ethereum Technical Analysis: BTC Falls to $20,000 Range, as Sell-Off Extends – Market Updates Bitcoin NewsBitcoin declined for an eighth consecutive session on Tuesday, as the crash in crypto markets continued. ETH dropped to $1,000.
Consulte Mais informação »
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $24,000 to Lowest Level Since December 2020 – Market Updates Bitcoin NewsBitcoin fell to its lowest level since December 2020 to start the trading week, as crypto markets continue to plunge.
Consulte Mais informação »