Blockchain Crypto Bitcoin

2021-07-05 20:26:08 The majority of Binance trade volume occurs during the overlap between North American and European trading hours

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2021-07-05 12:28:40 $ETH all exchanges reserve reaches a 2.5 year low

Supply shock is inevitable

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2021-07-05 12:08:36 It has been widely spread that miners have played a big role in the price decline over the last few weeks, as supposedly miners have needed to sell BTC in order to cover the costs of migrating out of China. However, according to this data, miners have reduced their holdings by 5,269 BTC since May. Most of this selling came at the beginning of June and is nothing that the Bitcoin market cannot easily absorb.

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2021-07-04 22:50:04 According to analysts at Glassnode, on June 27, the Bitcoin network recorded the lowest inflation rate. In other words, the new cryptocurrency was created more slowly than ever, and this is a consequence of the disconnection of many miners from the network and a drop in the hash rate. As a result, the blocks were created longer than the norm.

Although after today's change in complexity, the situation will clearly improve.

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2021-07-04 18:03:24 The Purpose #Bitcoin ETF now holds a total of 22,300 BTC worth $789 million

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2021-07-04 11:47:51 Despite the current small growth in cryptocurrency rates, trading volumes on exchanges are in no hurry to grow. This means that investors need a little more time to believe in the continuation of the bull run.

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2021-07-04 09:28:20 Largest downward Bitcoin difficulty adjustment occurred(-28%). Large downward adjustments have been followed by a bull market.

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2021-07-04 09:01:01 Due to China crackdown, Bitcoin hashrate dropped by 60% from all-time high value in April. Although this is for short term as most of the miners already started migration to new countries where cheap electricity and infrastructre is available.

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2021-07-03 20:17:01 It's been widely believed that retail is to blame for Bitcoin's price drop.

However, the data shows this is not the case. Retail (entities with 0.001BTC to 1BTC) has been aggressively adding to their holdings.

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2021-07-03 19:02:01 The #Bitcoin inflation rate briefly fell to 0.71% on 27-June, the lowest level in history.

Blocks will be mined slower when large volumes of hash-power come off the network, and prior to the difficulty adjusting down (estimated to be -27.6% on 3-July).

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