Ethereum’s NFT gas usage heads towards a two-year low as inscription demand takes over

Definition The relative amount (share) of gas consumed by the Ethereum network by category. The post Ethereum’s NFT gas usage heads towards a two-year low as inscription demand takes over appeared first on CryptoSlate.

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Fed minutes do little to shake crypto markets with BTC down 2.7%

Fed minutes in-brief: 2% targeted inflation Low unemployment, 3.5% Fed funds target rate, 4.5% to 4.75%. The post Fed minutes do little to shake crypto markets with BTC down 2.7% appeared first on CryptoSlate.

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Bitcoin up 287,000% since 2011; GBPUSD 11% away from all-time low

Quick Take The pound has been in a long-term decline since the 70s.

The post Bitcoin up 287,000% since 2011; GBPUSD 11% away from all-time low appeared first on CryptoSlate.

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Bitcoin up 50% from bear market low outperforming SPY, Gold

The bear market rally that perplexed much of the crypto industry continued into the weekend as Bitcoin hit $23,230 for the first time since August 2022. The post Bitcoin up 50% from bear market low outperforming SPY, Gold appeared first on CryptoSlate.

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Bitcoin: All-time low, 29% in crypto-margin futures open interest, suggests risk-off environment

Futures open interest is the total amount of funds (USD Value) allocated in open futures contracts. The post Bitcoin: All-time low, 29% in crypto-margin futures open interest, suggests risk-off environment appeared first on CryptoSlate.

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Research: The Antminer profitability crisis

Bitcoin’s fall from its all-time high to a low of $15,700 has been one of the most dominating narratives this year. The post Research: The Antminer profitability crisis appeared first on CryptoSlate.

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Bitcoin volatility index hits historic all-time low

According to TradingView data analyzed by CryptoSlate, Bitcoin (BTC) volatility index fell to its all-time lowest on December 27. The post Bitcoin volatility index hits historic all-time low appeared first on CryptoSlate.

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Argentina fan token dumps 50% despite World Cup win

Argentina’s fan token ARG dumped over 50% of its value, trading for as low as $2. 68 from over $6 in the last 24 hours despite the country winning the 2022 FIFA World Cup in Qatar, according to CryptoSlate data.

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Op-ed: What happens to Bitcoin if Binance goes down?

After the spectacular collapse of the United States cryptocurrency exchange FTX, investor confidence in the cryptocurrency ecosystem is very low. The post Op-ed: What happens to Bitcoin if Binance goes down? appeared first on CryptoSlate.

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Research: Institutional appetite for Bitcoin has evaporated as OTC trades approach YTD low

Institutional appetite for Bitcoin (BTC) has slowly evaporated due to the current bear market situation and is reflected in the significant drop in over-the-counter (OTC) trades, according to an analysis of Glassnode data by CryptoSlate.

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BTC on exchanges falls to new lows since 2018

Less than 12% of the current Bitcoin (BTC) supply is held on exchanges, marking a new low since January 2018, according to Glassnode data analyzed by CryptoSlate. The post BTC on exchanges falls to new lows since 2018 appeared first on CryptoSlate.

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CBDCs: India’s digital rupee falls flat as low volumes blight trial run

Several Indian news outlets have reported on the lack of interest in the digital rupee. The post CBDCs: India’s digital rupee falls flat as low volumes blight trial run appeared first on CryptoSlate.

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CryptoSlate Wrapped Daily: Bitcoin hash ribbon points at miner capitulation as holders increase

The biggest news in the cryptoverse for November 23 includes Bitcoin hash ribbon metric’s indication of an upcoming miner capitulation, on-chain data revealing investors taking advantage of the low prices, and Bitcoin and Ethereum consisting 91% of Bitfinex’s total reserves.

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Research: Long-term Bitcoin holders stubbornly hold on despite 33% holding losses

Bitcoin fell as low as $15,500 on November 21, marking a 106-week low for the leading cryptocurrency. The post Research: Long-term Bitcoin holders stubbornly hold on despite 33% holding losses appeared first on CryptoSlate.

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DEX trading volumes spike as users leave CEXs en masse

Confidence in centralized exchanges seems to have reached a new low following the FTX fallout. The post DEX trading volumes spike as users leave CEXs en masse appeared first on CryptoSlate.

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Research: FTX implosion leads to aggressive Bitcoin accumulation for investors

The recent crash of FTX has led to massive capitulation for major cryptocurrencies, with Bitcoin (BTC) trading as low as $15,682 during the last seven days. The post Research: FTX implosion leads to aggressive Bitcoin accumulation for investors appeared first on CryptoSlate.

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FTX-backed Aptos blockchain under fire for low scalability on launch day

FTX-backed layer-1 blockchain Aptos is facing backlash for failing to deliver on its promise of scalability from launch day. The post FTX-backed Aptos blockchain under fire for low scalability on launch day appeared first on CryptoSlate.

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Cardano community remains defiant after ADA sinks to 21 month low

On October 13, Cardano (ADA) sunk as low as $0.3571 — a level not seen since February 2021. The post Cardano community remains defiant after ADA sinks to 21 month low appeared first on CryptoSlate.

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Research: Persistent low volume could cause Bitcoin price to plummet to $12k if it falls below $17.5k

Recent on-chain metrics suggest that a Bitcoin (BTC) bottom might be forming, but the chances of the flagship asset dropping below its lowest value are increasing due to weak volume. The post Research: Persistent low volume could cause Bitcoin price to plummet to $12k if it falls below $17.5k appeared first on CryptoSlate.

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British pound drops to all time lows against the dollar

On September 16, 1992, the British pound dropped to its all-time low.

The post British pound drops to all time lows against the dollar appeared first on CryptoSlate.

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Research: How low can Bitcoin price go?

Flagship digital asset Bitcoin (BTC) has had a rough year, falling 72% from its all-time high and losing more than 50% of its value this year alone. The post Research: How low can Bitcoin price go? appeared first on CryptoSlate.

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Bitcoin sell off leads to $20M in longs liquidated

Bitcoin bears have dipped the price as low as $19,600 within the last hour, giving back most of yesterday’s gains. The post Bitcoin sell off leads to $20M in longs liquidated appeared first on CryptoSlate.

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LUNA Classic pumps 70% on ambitions to wipe the past, revive the chain

LUNA Classic (LUNC) is up 70% from its August 20 low following the implementation of plans to revive the ailing network. The post LUNA Classic pumps 70% on ambitions to wipe the past, revive the chain appeared first on CryptoSlate.

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Research: The market is ripe with signs of capitulation, but Bitcoin is holding its ground

Bitcoin’s price has been glued to the low $20,000 levels for a while now, showing little or no sign of any major upward movement in the near future. The post Research: The market is ripe with signs of capitulation, but Bitcoin is holding its ground appeared first on CryptoSlate.

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Crypto trading volume plunges to 18-month low, Coinbase feels the pinch

Cryptocurrency trading volumes fell to their lowest point since 2020 at the end of June due to current market conditions, Bloomberg News reported. The post Crypto trading volume plunges to 18-month low, Coinbase feels the pinch appeared first on CryptoSlate.

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Bitcoin hashrate plummets as Texas-based miners suspend operations

Bitcoin (BTC) hashrate dropped to as low as 159.41 exahashes per second (EH/s) on July 13, its lowest in five months, as Texas-based miners were forced to go offline. The post Bitcoin hashrate plummets as Texas-based miners suspend operations appeared first on CryptoSlate.

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Bitcoin mining equipment older than 2019 reaches shutdown price

As Bitcoin fell as low as $22,600, some mining equipment manufactured in 2019 is no longer profitable, while the rest is barely producing positive returns. The post Bitcoin mining equipment older than 2019 reaches shutdown price appeared first on CryptoSlate.

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Ethereum breaks support, drops to yearly low versus Bitcoin

Ethereum has broken a support level it has held since November 2021 on the ETH/BTC chart. The post Ethereum breaks support, drops to yearly low versus Bitcoin appeared first on CryptoSlate.

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Another algorithmic stablecoin, DEI, loses peg

Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The post Another algorithmic stablecoin, DEI, loses peg appeared first on CryptoSlate.

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How the crypto wealthy are gentrifying Puerto Rico

Thanks to low taxes and island living, Puerto Rico is gaining favor as a relocation hotspot for the crypto wealthy. The post How the crypto wealthy are gentrifying Puerto Rico appeared first on CryptoSlate.

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Analysts: Bitcoin short-term sell pressure is absorbed by long-term holders

The Bitcoin market fell below $39,000 after the Easter holidays as “weak hands” continued to sell, forcing prices down to a local low at $38,729 before bouncing back. The post Analysts: Bitcoin short-term sell pressure is absorbed by long-term holders appeared first on CryptoSlate.

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Why is David Beckham shilling a low cap layer one blockchain?

Digitalbits, a layer one blockchain solution with a market cap of just over $400 million, announced that David Beckham will be their new global ambassador. The post Why is David Beckham shilling a low cap layer one blockchain? appeared first on CryptoSlate.

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Why Olympus DAO can’t sustain its growth

Olympus DAO was hit hard by the recent market sell-off, with OHM trading as low as $32 on March 9, down 97.7% from its all-time high of $1,415 set last April. The post Why Olympus DAO can’t sustain its growth appeared first on CryptoSlate.

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Google searches for Bitcoin sink to 6 month low, Short Term Holders are to blame

Search data shows global interest in Bitcoin has sunk due to its volatile performance over the last five months. The post Google searches for Bitcoin sink to 6 month low, Short Term Holders are to blame appeared first on CryptoSlate.

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Gas fees: Ethereum is now cheaper than Polygon

Who would have guessed Ethereum gas fees would ever be cheap again? Sometimes the past week, gas fees have been as low as just 10 gwei per gas unit even for high-priority transactions. The post Gas fees: Ethereum is now cheaper than Polygon appeared first on CryptoSlate.

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Report: Ethereum transaction fees now as cheap as $15

Gas fees on Ethereum are falling, and it’s currently at a six-month low, says Arcane Research. The post Report: Ethereum transaction fees now as cheap as $15 appeared first on CryptoSlate.

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Is Polygon safu? Critics: Multisig isn’t secure enough, $5B in jeopardy

Polygon is perhaps the most popular alternative to transacting directly on the Ethereum baselayer (L1), giving users the opportunity to do fast transactions with low fees. The post Is Polygon safu? Critics: Multisig isn’t secure enough, $5B in jeopardy appeared first on CryptoSlate.

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Bitcoin was the third-worst performer last year as low cap altcoins showed the biggest returns

Looking at the top 20 cryptocurrencies by market cap (excluding stablecoins), altcoins showed the biggest returns leaving Bitcoin in the dust. The post Bitcoin was the third-worst performer last year as low cap altcoins showed the biggest returns appeared first on CryptoSlate.

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Bitcoin sinks to 14 week low, but some analysts say $100,000 in 2022 is still on

Following Wednesday’s downturn in Bitcoin, a continuation of selling dipped the price as low as $41,000 today. The post Bitcoin sinks to 14 week low, but some analysts say $100,000 in 2022 is still on appeared first on CryptoSlate.

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Chainlink price surges, regains important threshold despite uncertain sentiment

Blockchain data oracle Chainlink’s token, LINK, has gained some positive traction since the local low at $17.33 on the 15th of December. The post Chainlink price surges, regains important threshold despite uncertain sentiment appeared first on CryptoSlate.

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This key metric correlates with Bitcoin’s largest price drops

At the beginning of the month, Bitcoin dropped to a three-month low of $46,500 in a market-wide flash crash that wiped over 18% of its value in a matter of hours. The post This key metric correlates with Bitcoin’s largest price drops appeared first on CryptoSlate.

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Cardano sinks following eToro delisting, are the cracks starting to show?

Cardano (ADA) sunk to $1.58 on Wednesday, marking a 15 week low.

The post Cardano sinks following eToro delisting, are the cracks starting to show? appeared first on CryptoSlate.

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Ethereum (ETH) outflows spike to ATHs after dip to $4,000

On-chain data shows that Ethereum exchange outflows reached their all-time highs yesterday as ETH lost almost 15% of its value, dipping as low as $4,000. The post Ethereum (ETH) outflows spike to ATHs after dip to $4,000 appeared first on CryptoSlate.

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OpenSea causes 10% of all Ethereum burn as sales jump 100% in 24 hours

After all of the highs surrounding NFTs for most part of the year, the nascent crypto niche is witnessing a downturn in its trading volume which is currently at a three-month low. The post OpenSea causes 10% of all Ethereum burn as sales jump 100% in 24 hours appeared first on CryptoSlate.

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Bitcoin rallies to $58,000 while PancakeSwap (CAKE) crosses $6 billion TVL

Bitcoin surged on Monday following a choppy weekend that saw the asset plunge to as low as $50,290. The post Bitcoin rallies to $58,000 while PancakeSwap (CAKE) crosses $6 billion TVL appeared first on CryptoSlate.

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DEX aggregator 1inch expands to Binance Smart Chain

High speeds and low fees are alluring many projects to move to Binance Smart Chain, the crypto exchange’s smart contract-enabled blockchain network. The post DEX aggregator 1inch expands to Binance Smart Chain appeared first on CryptoSlate.

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Bitcoin is “eating” Gold: GOLD/BTC ratio falls to an all-time low

The yellow metal has now fallen to its lowest-ever value against Bitcoin, the digital gold, in terms of the ratio. The post Bitcoin is “eating” Gold: GOLD/BTC ratio falls to an all-time low appeared first on CryptoSlate.

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Comparing the technicals of Polkadot (DOT), Cosmos (ATOM), and Avalanche (AVAX)

Polkadot, Cosmos, and Avalanche have all been created to solve the same set of problems—the low latency and scalability issues plaguing Ethereum. The post Comparing the technicals of Polkadot (DOT), Cosmos (ATOM), and Avalanche (AVAX) appeared first on CryptoSlate.

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Market flips bullish as Bitcoin pushes past $19,000, key technical supports hold

After plunging as low as $17,600 in the middle of last week, Bitcoin has entered an uptrend. The post Market flips bullish as Bitcoin pushes past $19,000, key technical supports hold appeared first on CryptoSlate.

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