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Bitcoin Hit Lows of $42K, following the Liquidation of $2.2B in 12 Hours
Over the weekend, Bitcoin (BTC) plunged to lows of $42,000 based on massive liquidations. Variant Omicron strain and overleveraged market were attributed to this round of chain liquidations.
Bitcoin Miners Generated Revenue Worth $1.68 Billion in November
Over the last month, it seems to be a good month for Bitcoin miners because they cashed in a whopping $1.68 billion.
DeFi Users on Ethereum Hit 4M for the First Time
Ethereum DeFi users reached a historic high of 4 million based on continued adoption.
El Salvador Buys the Dip by Adding 100 Bitcoin to its Portfolio
After slipping to lows of $54,000, a scenario not seen in the last six weeks, El Salvador saw this as a perfect opportunity to buy the dip for additional 100 BTCs.
Long-Term Holders Liquidate their Supply as Bitcoin Slips to a 6-Week Low
Long-term holder supply dropped by approximately 76,633 BTC day over day.
Burnt Ether Tops 1 Million ETH as Non-Zero Ethereum Addresses Break the Record
Ethereum has been making notable strides in terms of burnt Ether after crossing the 1 million ETH mark.
Bitcoin Supply in Profit Drops to 83%, Short-Term Holders Blamed to be the Primary Culprits
The current retracement has triggered a 17% loss in Bitcoin supply, with short-term holders who bought the top to be blamed as primary culprits.
Bitcoin Remains Bullish Based on the Formation of an Ascending Channel
The formation of a parallel channel on the daily chart suggests BTC can still drop to $57,000-$54,000 to then rebound towards $75,000, according to analyst Ali Martinez.
$100,000 Forecasted as the Largest Strike Price for Bitcoin Options this Year, Analysis Predict
The biggest strike price for BTC options is $100,000 with an open interest (OI) of $500 million.
Ethereum Closed in Green for 7 Weeks amid Burnt Ether Topping $4b
Ethereum has made seven positive weekly closes, given that it has enjoyed a significant upward momentum this quarter.
Bitcoin Funding Rates Have Calmed Down - Has Greed in the BTC Market been Neutralized?
Bitcoin funding rates have slowed down since the leading cryptocurrency scaled to new heights of $69,000.
Bitcoin Surges to New ATH of $68,500 with Big Money Emerging as the Largest Catalyst
Bitcoin has scaled to heights not seen in its twelve-year journey by hitting a new all-time high (ATH) of 68,500.
$5,000 Emerge as the Largest Open Interest Strike Price for Ethereum Options
Open interest is rising, with $5,000 being the largest strike price for Ethereum options.
Bitcoin’s Average Coin Dormancy Hits a 3-Month High
Bitcoin's average coin dormancy has been going through the roof based on the current consolidating market.
Bitcoin Funding Hits a Monthly Low as Consolidation Continues
The consolidating Bitcoin market has been partly prompted by funding rates hitting a monthly low.