Dec 18, · The overall market conditions looked to sustained the bullish sentiments as BTC attempted to develop sustainability above the $23K mark and Ethereum. ETH/BTC: Buy or sell ETH for bitcoin LAST PRICE: Buying Price: Selling Price: Highest Price: Lowest Price: 24H . 24crypto.deD is down % in the last 24 hours. The current CoinMarketCap ranking is #, with a market cap of not available. The circulating supply is not available and a max. supply of ,, ELD coins. The top exchange for trading in 24crypto.deD is currently P2PB2B. You can find others listed on our crypto exchanges page.
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Submit ICO Review. Editor's Pick. Bitcoin continues to receive appreciation from Wall Street investors and big institutions. Crypto firms and other banking institutions have started warming up to Bitcoin BTC.
These companies have started building services that bridge the gap between traditional markets and Bitcoin. Crypto exchange Bittrex announced a tokenized-stock-trading facility while Fidelity Digital Assets announced Bitcoin-backed cash loans for institutions in partnership with BlockFi.
Hedge funds and big institutions continued to pour more into Bitcoin BTC the last week. Share on Facebook. Share on Twitter. Share on Linkedin. Share on Telegram. Author: Bhushan Akolkar. Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. On Dec. The Bitcoin rally in has been fueled by institutional players stepping in, along with the narrative of digital gold.
This has been evidenced by support from large traditional finance players such as Blackrock, JPMorgan and Fidelity, fintech companies such as Square and PayPal, and renown macro investors such as Paul Tudor Jones and Stanley Druckenmiller.
Through on-chain indicators, we can confirm that institutional interest has indeed been growing throughout Given the size of these transactions, the large transaction indicators provide a proxy to the activity of institutional players and whales. Furthermore, the total volume transferred in these has experienced even larger growth. Along with the high level of activity from institutional participation, Bitcoin has appreciated remarkably. Ultimately, the next few months are likely to play a key role defining the mid- to long-term path of Bitcoin amidst the macroeconomic environment.
Phase 0 consists of the launch of the Beacon chain, a proof of stake chain processing transactions and reaching consensus in parallel to the legacy proof of work blockchain. Through the proof-of-stake consensus, users locking their ETH supply on the staking contract are able to receive passive earnings on top of their deposits. All of these trends have helped push Bitcoin forward in its latest move.
The minimum threshold for ETH 2. The total amount of Ether deposited more than doubled within the last two days for the target. At the time of writing, the Beacon chain has reached a total of 2, unique depositors, supplying over , ether. This is now nearly twice the minimum threshold that had been set for the launch of phase 0 of ETH 2.
Given the magnitude of the inflows of ether into the deposit address, liquidity had to decrease elsewhere. In this case, DeFi protocols have seen a significant reduction in the total amount of ETH locked in their smart contracts.
Throughout the last month, the total amount of Ether supply locked in DeFi protocols has decreased by approximately 2 million. 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.