Nov 17, · Bitcoin has risen by more than 8% over the week and looks highly bullish, however many analysts have warned of a possible correction in the coming weeks. The current surge in bitcoin’s price has also pushed its market cap over $ billion only $20 billion short of its all-time high of $ billion. Dec 04, · Bitcoin ATH Fueled by Institutional Activity Bitcoin continues to outperform traditional markets. On Dec. 1, it reached a new all-time high of over $19, based on data from most exchanges. Bitcoin is up % in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $,,, USD. It has a circulating supply of 18,, BTC coins and a max. supply of 21,, BTC coins. The top exchanges for trading in Bitcoin are currently Binance, Huobi Global, EtherFlyer, OKEx, and allcryptocoins.de
Bitcoin ath market capBitcoin ATH & ETH Launch - CoinMarketCap Blog
ICO Review. Submit ICO Review. Editor's Pick. Source: TradingView was slated to be the year of bitcoin because the king coin post its ATH experienced a year-long crypto winter in and consolidated throughout Share on Facebook.
Share on Twitter. Share on Linkedin. Share on Telegram. Author: Prashant Jha. An engineering graduate, Prashant focuses on UK and Indian markets. The Bitcoin rally in has been fueled by institutional players stepping in, along with the narrative of digital gold.
This has been evidenced by support from large traditional finance players such as Blackrock, JPMorgan and Fidelity, fintech companies such as Square and PayPal, and renown macro investors such as Paul Tudor Jones and Stanley Druckenmiller. Through on-chain indicators, we can confirm that institutional interest has indeed been growing throughout Given the size of these transactions, the large transaction indicators provide a proxy to the activity of institutional players and whales.
Furthermore, the total volume transferred in these has experienced even larger growth. Along with the high level of activity from institutional participation, Bitcoin has appreciated remarkably.
Ultimately, the next few months are likely to play a key role defining the mid- to long-term path of Bitcoin amidst the macroeconomic environment. Phase 0 consists of the launch of the Beacon chain, a proof of stake chain processing transactions and reaching consensus in parallel to the legacy proof of work blockchain.
Through the proof-of-stake consensus, users locking their ETH supply on the staking contract are able to receive passive earnings on top of their deposits. All of these trends have helped push Bitcoin forward in its latest move.
The minimum threshold for ETH 2. The total amount of Ether deposited more than doubled within the last two days for the target.
At the time of writing, the Beacon chain has reached a total of 2, unique depositors, supplying over , ether. This is now nearly twice the minimum threshold that had been set for the launch of phase 0 of ETH 2. Given the magnitude of the inflows of ether into the deposit address, liquidity had to decrease elsewhere.
In this case, DeFi protocols have seen a significant reduction in the total amount of ETH locked in their smart contracts. Throughout the last month, the total amount of Ether supply locked in DeFi protocols has decreased by approximately 2 million. This trend accelerated after the ending of UNI liquidity mining rewards in Uniswap.
While a large portion of the Ether withdrawn from this indicator ended up in the deposit contract, it is likely that some also ended up in smaller, newer DeFi protocols not accounted for in the metric. This seems to be the most likely scenario as centralized exchange inflows for ether remained stable throughout the month. Along with the positivity from reaching this milestone, Ethereum is also showcasing strong growth in on-chain metrics.