Nov 17, · Bitcoin Bulls Move Past $17,, Market Cap Nears ATH Prashant Jha Bitcoin News November 17, Bitcoin has set another high as it moved past the $17, barrier at the time of writing and was trading at $17, The king coin has seen its . Dec 20, · Then finally, on November 30, , the largest blockchain in terms of market cap, bitcoin (BTC) surpassed its all-time highs (ATH) after crossing the highly anticipated $19, zone on Monday morning (EST). rows · Get all time high prices, market capitalisation and ROI statistics of all cryptocurrencies .
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Author: Prashant Jha. An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies. Post your comment Subscribe to newsletter.
Find out latest Bitcoin News. The market had anticipated Bitcoin smashing through its former record once it got here and not ever stopping, but instead, there have now been a couple of weeks of consolidation under resistance. As stated, anyone who knows a thing or two about Bitcoin is likely also aware of a few other key factors. For instance, crypto investors know that post-halving, demand begins to outweigh the scarce BTC supply.
Shakeouts are coming regardless of how bullish Bitcoin is, it is up to you if you allow yourself to be shaken enough to sell. I'm Tony Spilotro. I pride myself on the fact my content is research-driven, educational, and entertaining, offering the crypto audience an unmatched value.
Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Home Technical analysis BTC. This trend accelerated after the ending of UNI liquidity mining rewards in Uniswap. While a large portion of the Ether withdrawn from this indicator ended up in the deposit contract, it is likely that some also ended up in smaller, newer DeFi protocols not accounted for in the metric.
This seems to be the most likely scenario as centralized exchange inflows for ether remained stable throughout the month. Along with the positivity from reaching this milestone, Ethereum is also showcasing strong growth in on-chain metrics. For instance, the total number of daily active addresses DAAs on a given day reached a new three-year high on Nov. This points to ether currently being priced at a discount relative to daily activity on its blockchain.
While this is certainly not the only factor to consider when attempting to value Ethereum, the growth in DAAs does point to its increasing utility.
Similarly, the number of ether holders has grown consistently, approaching the 50 million landmark. Overall, the launch of the Beacon Chain marks the beginning of a new era for Ethereum.
As its active developer community works on implementing scalability solutions, on-chain indicators point to growing activity and optimism for the second largest crypto-asset. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
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