Tagged: coin metrics

Bitcoin Price Surged 1,000% in Past Year, Ethereum Up Over 1600% Since Mar 2020 Crash, Stablecoins Flourishing: Report

Nate Maddrey and the Coin Metrics Team note that on March 12, 2020, amid the growing panic over the rapid spread of the Coronavirus, the Bitcoin (BTC) price had crashed from around $8,000 to below $4,000 during just a 24-hour timeframe. Predictably, the rest of… Read More

With Only 2 Weeks In, BlockFi Bitcoin Trust Just Slightly Under $100M, as Second BTC ETF Goes Live on Toronto Stock Exchange

Zac Prince, CEO and Co-founder at BlockFi, a fast-growing digital assets platform, notes that with just two weeks in, the company’s Bitcoin trust is just ”a pinch” under the $100 million mark (in total BTC holdings). 2 weeks in, BlockFi’s Bitcoin trust is just a… Read More

Bitcoin and Ethereum Adoption Reaches Unprecedented Levels, Supported by Professional Athletes and Major Companies

Bitcoin (BTC) has become more intertwined with traditional financial markets because of changing macro conditions and a significant increase in institutional interest, according to a report from Coin Metrics.  Coin Metrics has noted that many researchers have looked into the fundamental differences between Bitcoin and… Read More

Bitcoin (BTC) Remains “Single Most Watched” Digital Asset with Ethereum Dominating DeFi throughout 2020: Report

As 2020 comes to an end, Binance has shared some key crypto and blockchain industry trends and highlights for this year. The exchange notes that the total market cap for all digital currencies surged by over 3.3x in 2020 alone, expanding the crypto-assets market significantly…. Read More

Ethereum Might have taken Permanent Lead Versus Bitcoin in 2020 in Terms of Economic Value Transferred on its Rails: Report

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Bitcoin (BTC) has been trading sideways as some crypto analysts have warned that the digital asset’s price may become unpredictable in the short-term, according to a new report from OKCoin. The digital currency exchange confirmed that Bitcoin continues to gain institutional support. BTC’s recent price… Read More

Bitcoin (BTC) Price has been Surging at the Time US Equity Markets have Been Open as Institutional Interest Grows: Report

During the past few weeks, Ari Paul, CIO at BlockTower Capital, and Luke Martin, a prominent digital asset trader, have noted that Bitcoin’s (BTC) upward price movements since late October 2020 have mostly taken place during US market hours. A report from Coin Metrics points… Read More

Bitcoin Might Be Consolidating between $13k to $14k as BTC Miners Earn Twice As Much in Fees As Ethereum Miners: Report

Bitcoin (BTC) fundamentals continue to remain strong, however, uncertainty in the crypto and traditional financial markets due to the US elections appear to have positioned BTC in “a consolidation phase,” according to a report from OKCoin. The digital asset exchange notes that the Bitcoin price… Read More

Ethereum Token Trading Volume on Uniswap Jumped from $1 Million Per Day to $1 Billion in a Few Months: Report

The decentralized finance (DeFi) ecosystem has reached new heights during the past few months, as many projects have launched and large amounts of capital has been invested into these so-called decentralized platforms. The Coin Metrics team confirms that most DeFi solutions have been launched on… Read More

Bitcoin (BTC) Wealth has Become More Evenly Distributed with Smaller Accounts Holding Greater Proportion of Supply: Report

During its 11 years of existence (since the first Bitcoin block was mined), BTC has been able to survive many “threats,” mainly because there’s no single entity controlling the world’s largest cryptocurrency network. As explained in a report from Coin Metrics, this trait, called decentralization,… Read More

Stablecoins are “Systemically Important” to Bitcoin’s Ecosystem, as Number of Addresses with 1,000 BTC Increases by 8.9% in Past Year: Report

The number of Bitcoin addresses holding at least 0.1 BTC has again hit a new all-time high. Glassnode data reveals that there are now 3,054,282 Bitcoin addresses holding 0.1 BTC, valued at around $950 at current rates. As previously reported, the last all-time high was… Read More

Total Stablecoin Market Cap Surpasses $10 Billion for First Time, Ethereum Network Activity Spikes Due to New Coins

The total or combined stablecoin supply reached an all-time high of around $10.4 billion on May 12, 2020. It’s notably the first time that the total market cap of all stablecoins has exceeded the $10 billion mark. According to Stablecoinindex.com data, Tether’s (USDT) market capitalization… Read More

Deep Dive: Is the Upcoming Bitcoin (BTC) Halving Priced In?

The Bitcoin (BTC) halving event, when the pseudonymous cryptocurrency’s supply will be cut in half, is approaching. It should take place on May 11, 2020, which is when 210,000 blocks of BTC transactions will have been processed since the last halving event that took place… Read More

Coin Metrics, a Blockchain Data Analytics Firm, Secures $6 Million in Funding from Highland Capital Partners, Coinbase, Digital Currency Group, Fidelity, Others

Coin Metrics, a blockchain analytics and research company, has acquired $6 million in funding through a Series A investment round, which was led by existing investor Highland Capital Partners. Coinbase, Digital Currency Group, Dragonfly Capital, and Fidelity (among others) also took part in Coin Metrics’… Read More

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