Friday slump continues: Bitcoin drops over 1%, aligning with six-month trend
Historically, Tuesday marked as worst day for Bitcoin since past year.
Happy Friday!
The global crypto market cap is $2.33 trillion, with a 24-hour volume of $67.86 billion. The price of Bitcoin is $63,624.46, and BTC market dominance is 53.9%. The price of Ethereum is $3,475.77, and ETH market dominance is 18.3%. The best-performing sector is Real Estate, which gained 9%. The Crypto Fear & Greed Index is currently Greed (63).
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📰 Top News
Friday slump continues: Bitcoin drops over 1%, aligning with six-month trend
Historically, Tuesday marked as worst day for Bitcoin since past year.
👀 Metric of The Day
The 2024 buyer cohort, which has purchased US ETFs launched on Jan. 11, has a cost basis of $57.9k.
German government moves $195 million worth of Bitcoin to exchanges
The government may intend to sell funds following certain exchange transfers.
Polkadot researchers propose major change to staked DOT unbonding process
Stakeholders in the community have raised concerns about the centralization risks attached to the proposal.
Bullish sign for Ethereum as exchange balances drop
Exchange wallets see largest ETH outflows in nearly a year, indicating at bullish sentiment.
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📈 Latest Insights
Public companies adopting Bitcoin as treasury asset see shares soar
Early 2024 MVRV Z-Score spike signaled possible correction phase for Bitcoin
Fifth consecutive trading day of Bitcoin ETF outflows totals $139.9 million
Retail Bitcoin cohorts evolve from ‘dumb money’ to ‘smart money’
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