Bitcoin witnessed a notable intraday swing from $ 65,569 to $ 73,794, reflecting a volatile market environment. Despite this turbulence, its market capitalization still holds strong at just over $ 1.3 trillion, supported by a substantial 24-hour trading volume of $ 89 billion. Bitcoin The analysis of bitcoin’s (BTC) oscillators and …
BEAM and KAS Rise This Week Snagging Double-Digit Gains; XMR, FXS, and RON Face Sharp Declines
In the past week, bitcoin has risen over 10% and ethereum has seen a growth of more than 7%. Meanwhile, several cryptocurrency assets have posted significant double-digit increases. Notably, beam (BEAM) experienced a surge of over 49%, and kaspa (KAS) enjoyed a 37% uptick in its value within the same timeframe. 7-Day Crypto Gainers and […]
Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $ 2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $ 11.17 per transfer. Although there has been a decline in onchain fees, they currently remain at their highest …
Bitcoin’s Daily Transactions See Sharp 46% Decline Since Mid-September
Over the past 37 days, since September 15, 2023, the number of daily bitcoin transactions has dropped considerably, with the trend of Ordinal inscriptions experiencing a significant slowdown. In the first two weeks of September, the average number of daily transactions confirmed on the Bitcoin blockchain decreased by more than 46%. 2023’s Bitcoin Transaction Paradox: […]
Lightning Network Sees Sharp 14% Decline in Capacity After Hitting Peak
Data reveals that the Lightning Network’s capacity, or the total value of open channels, has dwindled by over 14% since July 9, 2023. Following a peak of 5,468 BTC, an estimated 786 BTC valued at $ 20.32 million has been withdrawn from the secondary network. From Peak to Plunge: Lightning Network’s Capacity Drops by …