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Bitcoin Network Fees Reach $40 in Surge; Polkadot & Borroe Finance Eye Massive Growth
23.12.2023
Bitcoin network activity increase has triggered a significant spike in transaction fees, soaring to as high as $40.00. In the face of market fluctuations, Polkadot is dominated by new proposals. Meanwhile, Borroe Finance ($ROE), one of the new DeFi projects, introduces an AI and NFT-powered funding...
Ordinal NFTs Push Bitcoin Network Activity to Near 2-year High – What This Means for the BTC Price?
9.2.2023
The 14-Day Exponential Moving Average (EMA) of the number of transactions taking place on the Bitcoin network hit its highest level since April 2021 earlier this month, according to data from crypto analytics firm Glassnode. The 14-Day EMA of transactions recently surpassed 300,000, with analysts...
CryptoQuant: Bitcoin Network Activity Spikes to Two-Year High Thanks to NFTs
9.2.2023
Transactions are coming from the popularity of the recently-deployed protocol Ordinals, which allows for NFT-like tokens to be stored on-chain
Bitcoin network activity decline suggests longer bear market: Glassnode
2.8.2022
Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases
Bitcoin network activity down 30% from highs as 'tepid' demand mimics mid-2019
21.2.2022
2022's bear is 2019's bull as Bitcoin active entities number around 275,000 per day in February
3 On-Chain Metrics Crypto Investors Use to Track Bitcoin Network Activity
12.6.2020
On-chain data provides valuable insight into the Bitcoin network and BTC price action, but which metrics are useful for the average investor?
Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode
27.5.2020
Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or...