The launch of the Avalanche-Ethereum Bridge has attracted much attention from the DeFi community. We examine the new protocol and its implications for DeFi.
BTC has exceeded $40k once again after climbing consistently over the past week. On-chain metrics continue to show favorable conditions as the BTC supply remains restricted.
BTC has remained relatively stable over the past week, while DeFi has its day with another week of strong performance. On-chain fundamentals for bitcoin remain strong.
Despite briefly dropping below $30k over the past week, on-chain fundamentals for BTC remain strong, indicating room for further growth. Meanwhile, the rest of the crypto market is growing even faster.
BTC has lost some ground over the past week, losing almost 7% of its value. But despite a possible further correction, long-term on-chain metrics remain bullish.
BTC had another stellar week, exceeding $40k for the first time ever - more than double its 2017 ATH. However, a correction and some sideways movement may be in order before further growth is seen.
Moving into the first week of 2021, BTC continues to hit all-time highs as it shoots past $30k and continues to climb. But ETH is the real winner of the week, gaining over 37% in a single day.
BTC has continued to grow throughout the last week of the year, reaching a new ATH of over $28k. On-chain signals remain bullish, showing a significant supply side crisis for bitcoin.
BTC smashed through its previous all-time high to find support above $23k for the first time ever. Meanwhile, on-chain fundamentals remain strongly bullish for BTC and other cryptocurrencies.
BTC started and ended the past week just above $19k, failing to top its recent ATH. But despite its mostly sideways movement over the past few weeks, on-chain signals remain long-term bullish.
During Week 49, BTC recovered from the previous week's consolidation and stabilized around $19k. On-chain signals suggest that a further correction may be seen before bitcoin breaks above $20k sustainably.
On-chain metrics show that older coins are being sold as BTC's price increases, indicating that long-term holders are realizing profits. But while this might seem alarming, this trend has historically been extremely bullish.
After a rather tumultuous week, BTC and the rest of the crypto market appear to be recovering, with bitcoin rallying to break its all-time high and quickly approaching $20,000.