Bitcoin Transaction Fees Topple Those of Ethereum As Ordinals Hype Returns

Average daily transaction fees on Bitcoin (BTC) switched with Ethereum following a frenzy of ordinal-related activity on the Bitcoin network. As of November 20, the average daily transaction fee for Bitcoin stood at $10.34, while the transaction fee for Ethereum averaged $8.43, according to BitInfoChart. data. Bitcoin’s average daily trading fees hit a new six-month … Read more

Coinbase Rocks as Key Earnings Metric Spoils Futures Launch Rally; Start of SBF deliberations

Coinbase stock fell Thursday evening after its earnings report showed a significant decline in cryptocurrency trading volume. Actions Coinbase (PIECE OF MONEY) rallied in trading after the cryptocurrency exchange began offering cryptocurrency futures late Wednesday to eligible U.S. retail customers. Bitcoin and cryptocurrency prices fell from overnight highs on Thursday morning. Elsewhere, the verdict in … Read more

Gary Gensler Wishes Bitcoin a Happy Halloween, Asks Crypto Companies to Stop “Cheating” Investors

U.S. Securities and Exchange Commission Chairman Gary Gensler today wished Bitcoin a happy birthday by using Halloween to mock the cryptocurrency’s creator. In a post on Twitter on Tuesday, the top regulator also asked crypto companies to comply with securities laws. Fifteen years ago, the pseudonym Satoshi Nakamoto published the Bitcoin white paper, Bitcoin: a … Read more

Jasmy Coin Price Just Broke Key Record as Bitcoin in Japan Surges

The price of Jasmy Coin (JASMY) has made a dramatic comeback in recent days as investors cheer the cryptocurrency’s ongoing rally. The coin reached $0.0040, the highest level since August 15. It has increased for the last 11 consecutive days, this is the first time such a thing has happened. Japanese Bitcoin is booming Jasmy, … Read more

New spot-bitcoin ETFs risk disappointing

The much-anticipated spot Bitcoin ETFs are likely to be disappointing for a considerable period after their launch. This is according to recently published research on the post-launch performance of ETFs focused on specialized market niches. The study found that these narrowly focused ETFs lag the broader stock market on average, on a risk-adjusted basis, for … Read more

Bitmex to move customers’ Bitcoin deposit addresses to native Segwit format

BitMEX, the Seychelles-based cryptocurrency exchange, has announced a significant change to its deposit (BTC) address format. Starting November 1, 2023, BitMEX will implement the Payment-to-Witness Public Key Hash (P2WPKH) format, also known as Native Segregated Witness (SegWit) with a bc1 prefix, for all Bitcoin deposit addresses client. This change aims to optimize the use of … Read more

What’s Behind Bitcoin’s Latest Rally? Little consensus and a lot of noise

The world’s largest cryptocurrency began climbing late last week after spending much of the summer stuck around $26,000. It surpassed $30,000 over the weekend, briefly topped $35,000 in recent days to reach its highest level since May 2022, and is now hovering around $33,800. As is the case with most debates in the crypto world, … Read more

ARK Invest sells its GBTC shares

ARK Invest, the company of investor Cathie Wood, sold 66,342 units of Grayscale Bitcoin Trust (GBTC) for $1.66 million, at the closing price of $25.07 on October 28, 2023. The price of Bitcoin (BTC) currently stands at $34,434. ARK Invest benefits from the market recovery Recent reports indicate that Wood, who founded ARK Invest in … Read more

Bitcoin, Ether Options Activity Hits All-Time Highs of $20 Billion Amid ETF Hype

The crypto options market is booming. Theoretical open interest in dollar value locked in active bitcoin and ether options contracts on major exchange Deribit amounted to $20.64 billion, according to data tracked by the Swiss company Laevitas. This figure is almost comparable to the peak recorded on November 9, 2021, when bitcoin traded above $66,000, … Read more

Daily Analysis: BTC, ETH, FTM, CHZ, PEPE

Markets are in bullish activity today, with the global market capitalization sitting 1.9% above its previous 24-hour mark, with the total capitalization still standing at $1.16 billion at the time of trading. publication. The Fear and Greed Index is at 55 while markets remain neutral. Global trading volume is down 15% in 24 hours, to … Read more