There hasn’t been this many Bitcoin investors since 2017; Will BTC’s price follow?
BTC $11,755 (+4.6%) • ETH $404 (+3.8%) • XRP $0.30 (+1.2%)
|CryptoSlate||Aug 5|| 2|
The past year has been a period of immense growth for Bitcoin from a fundamental perspective, with it now being arguably more strong than ever before.
Multiple metrics highlight this strength, including BTC’s hash rate hovering around an all-time high, transaction volume trending upwards, and the growing number of new wallet addresses.
The growth in the number of new addresses comes as the number of “unique entities” interacting with the network also reaches the highest levels it has been since late-2017.
This means that there is an abundance of new users within the crypto ecosystem who are all interacting with Bitcoin and its network.
More news ⏬
ShareRing, a tech startup focused on applying blockchain technology to travel and e-commerce industries, has just launched an anonymous contact-tracing e-passport app.
Thanks to our premium sponsors
⭐️ CryptoAltum - CryptoAltum is a leading trading platform with a special leaning towards digital assets. Its mission is to make crypto trading easy and accessible to everyone.
⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees.
⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising.
A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for zero tax on staking rewards, a Coin Center letter revealed Tuesday. However, a tax must be levied when such rewards are sold, instead of acquired, said the Congressmen.
Ethereum’s value proposition has been on the rise as the launch of the ETH 2 mainnet upgrade looms on the horizon.
Innovation seems to have drawn a huge number of investors to altcoins, as the latest July data from investment platform eToro showed that some coins saw a month-on-month increase in trading of over 500 percent.
If you’ve read any financial news outlet over the past few months, you’ve likely heard the story of Dave Portnoy.
Crypto market data
For more pertinent market data, please see:
Connect with us
Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.