The chart above shows the ratio of Bitcoin price per total number of addresses. I believe this chart gives us a good perspective. Look at the chart. We have a supply zone at the top. There is a bull run after each halving event. After the first two halving events (2012 and 2016), the price has risen until it entered the supply zone, after which it has dropped...
In a major price recovery, Ethereum saw a jump in retail demand as the crypto asset has climbed by more than 5% in the last 24 hours. Large ETH outflows from digital exchanges to unknown wallets are also playing an important role in the recent price action. On Monday 21 March 2022, a prominent Ethereum wallet moved 80,000 coins worth over $236 million from...
According to a recently published tweet, over the past 24 hours, more than one billion Shiba Inu meme coins have been moved to "inferno" wallets and out of circulation. Aside from that, this SHIB-related business has made the commitment not only to burning meme coins but also to help with global SHIB adoption and utilization. 7.021 billion Shiba Inu sent to dead...
Following the price bubble peak in 2017 Bitcoin entered a 3-year bear market that saw prices fall from a high near $20k to a low near $3k. As price peaked in 2017, so did the number of unique addresses to appear on the Bitcoin blockchain. As price peaked in 2021, so did the number of unique addresses to appear on the Bitcoin blockchain. If you view the number...
This indicator uses QUANDL data to show the number of unique bitcoin addresses (wallets) used daily. It is an useful way to gauge long-term adoption trends.