Tag: on-chain data

  • Bitcoin supply is becoming more scarce, as indicated by on-chain data

    Bitcoin Breaks Through $52,000 Barrier: Indication of Rising Market Confidence Bitcoin, the pioneering cryptocurrency in the digital asset market, has experienced a breakthrough, surpassing the critical $52,000 barrier on February 14th. This significant achievement not only acts as a psychological milestone but also signifies a growing level of market confidence in Bitcoin. Furthermore, this development…

  • Record High Reached as Ethereum Staking Exit Queue Surges with Celsius Unlocks

    The Ethereum network is currently experiencing a significant increase in validator exits, marking a record high with over 16,000 validators in the exit queue as of January 5th, according to on-chain data. This surge in exits has subsequently led to a notable spike in the average wait time for unstaking, which now stands at 5.6…

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