Bitcoin Mayer Multiple hits lows that last accompanied $30K BTC price

A dormant Bitcoin (BTC) wallet holding over 1,037 Bitcoin — worth $31 million at current prices — has suddenly awoken after an 11-year slumber, transferring out its entire stash. The 1037 BTC was transferred amid a Bitcoin price of $29,956 and took effect at block height 799701 — approximately 10:51 am UTC on July 22, according to BitInfoCharts.The…

Ether (ETH) price rallied 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. Meanwhile, Bitcoin (BTC) could not sustain the $50,000 mark, at least in the short-term. According to Cointelegraph, pro traders are not yet inclined to add bullish positions according to derivatives metrics.Surprisingly, the…

The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash. Ether turns deflationary for realAs of Nov. 9, more Ether tokens are being burned than created as a part of…

A video emerged claiming that the leader of the Russian Orthodox Church was blessing financial investments. 1038 Total views 30 Total shares Patriarch Kirill of Moscow and all Rus', the leader of the Russian Orthodox Church, has not urged his flock to invest in Bitcoin, despite videos claiming otherwise. A clip recently emerged claiming that Kirill had…

The price of Bitcoin (BTC) hit $19,469 on Coinbase, reaching its highest point since the December 2017 peak. Although the dominant cryptocurrency is close to surpassing its record high, there are some warning signs to take note of.Three potential reasons Bitcoin faces the possibility of a pullback at $20,000 are a bull trap, overhead resistance,…

Exodus reported nearly $96 million in revenues for the fiscal year of 2021, which is a 350% increase year-over-year. 313 Total views 8 Total shares Major software cryptocurrency wallet Exodus has gone public on the digital asset securities firm Securitize Markets following a $75 million crowdfund capital raise.Exodus’ shares started trading on Securitize on Wednesday,…

The DeFi Education Fund (DEF), an organization funded by Uniswap to spearhead lobbying and educational initiatives in support of the decentralized finance sector, has defended its sudden move to liquidate half of its UNI treasury earlier this week.The organization said it needed to convert the funds into stable assets to weather crypto market volatility.In May,…

There are over 2,000 different coins in existence right now, each with their own unique characteristics, uses and communities, while there are masses of different blockchains, platforms and exchanges — all of which answer to competing needs and values. On the one hand, this profusion is one of the key driving forces behind innovation in…