CryptoQuant: BTC Spot Trading is Declining and Traders Are Liquidating Long Positions

Reading Time: < 1 minute Analysts have noted a decline in spot trading volumes and the potential for significant liquidations in the derivatives market.

Anthony Scaramucci: Bitcoin Will Enjoy a Bullish Trend

Reading Time: < 1 minute The founder of the SkyBridge Capital fund, Anthony Scaramucci, is confident that the cryptocurrency market is moving into a new phase.

Bitcoin’s Block Space is 100% Filled by NFT Ordinals: Report

Reading Time: < 1 minute According to Dune Analytics dashboard, the first cryptocurrency’s blockchain has been experiencing the longest period of maximum block loading since February.

Bitcoin’s Dominance Index is About to Grow: Matrixport’s Analyst

Reading Time: < 1 minute Matrixport’s Markus Thielen has suggested the BTC dominance index could continue to rise amid increased price decline risks for popular altcoins.

Base’s Activity Exceed’s Ethereum’s

Reading Time: < 1 minute For the first time ever, two Layer 2 networks have surpassed Ethereum in terms of transactions per second (TPS).

Open Interest in Bitcoin Futures Jumps by 16%

Reading Time: < 1 minute Open interest in Bitcoin futures rose by 16% on Monday as the value of digital currencies continued to increase.

Number of Active Users on Bitcoin Network Exceeds Ethereum’s: Report

Reading Time: < 1 minute The Artemis platform has found that, despite leading the blockchain rankings in terms of the number of DeFi protocols and NFT projects, Ethereum is second to Bitcoin in active wallet address numbers.

Arthur Hayes: Bitcoin Will Grow to $70K Next Year

Reading Time: < 1 minute Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, has predicted that the value of Bitcoin could reach as high as $70,000 by March 2024.

Bitcoin Volatility Hits Three-year Low

Reading Time: < 1 minute Bitcoin experienced a surge of economic activity on Wednesday, pushing prices up from $25,000 to over $26,000.