Bitcoin Magazine: Bitcoin-friendly candidate Javier Milei has 63% chance of winning Argentina’s presidential election
Bitcoin Magazine posted on social media that election betting odds show that Bitcoin-friendly candidate Javier Milei has a 63% chance of winning the Argentine presidential election.
BTC breaks through $36,500
BTC has broken through $36,500 and is now trading at $36,502.3, with a daily decline of 0.23%. The market is fluctuating greatly, so please be prepared for risk control.
Bitcoin mining company Greenidge Generation Holdings sells a U.S. mining farm to NYDIG to pay off $21.8 million in secured debt
Bitcoin mining company Greenidge Generation Holdings announced that it has sold a 22-acre, 44-megawatt (MW) Bitcoin mining facility in South Carolina, USA to NYDIG to pay off a $21.8 million secured debt. In 2023, Greenidge achieved a reduction in financial liabilities and reduced its debt by $85.3 million. The company currently manages $72 million in unsecured debt, which will mature in 2026.
14 years ago today “Satoshi Nakamoto” first registered on BitcoinTalk
It was revealed by the official Binance Twitter account that "Satoshi Nakamoto" first registered on BitcoinTalk on November 19, 2009, 14 years ago this year. The information shows that "Satoshi Nakamoto" held the title of founder and was last active on December 13, 2010. In a post on July 28, 2010, "Satoshi Nakamoto" said a sentence that has since been widely circulated: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
By the end of December, most call options bets on Bitcoin on Deribit had reached $40,000
A spokesperson for the cryptocurrency options trading platform Deribit stated that earlier this week, the notional value of outstanding Bitcoin options contracts on the platform reached a historical record of approximately $14.9 billion. This number surpassed the $14.4 billion achieved before Bitcoin hit a high of nearly $69,000 in October 2021. Outstanding contracts refer to unsettled and open contracts.<br>Deribit data shows that as of the end of December, most bullish options bets on Bitcoin had reached a price of $40,000, and even $45,000. Given that traders selling bullish options are willing to accept bets from the other side, this indicates that $40,000 may become a key testing area for Bitcoin's rebound.<br>In addition, Coinglass data shows that the outstanding Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) reached $4 billion on Friday, while Binance was at $3.8 billion.
Fees paid on Bitcoin blockchain hit $11.6 million
According to CryptoFees statistics, on November 16th, the fees for Bitcoin blockchain payments reached $11.6 million. As of the time of writing, YCharts data shows that the average transaction fee is $18.69, an increase of 113% from the previous day and an increase of 746% from the same period last year.
Bitcoin network transaction fees high priority increase to 307 sat/vB
According to data from mempool.space, the high-priority transaction fee on the Bitcoin network has increased to 307 sat/vB; the medium-priority has increased to 283 sat/vB; and the low-priority has increased to 259 sat/vB.
BTC breaks through $36,500
According to market data, BTC has broken through $36,500 and is currently trading at $36,515, with a daily increase of 0.38%. The market is volatile, so please be cautious and manage your risks.
The accumulated fee income of Ordinals inscription reaches 2,687.42 BTC
Golden Finance reported that the latest data from Dune shows that the cumulative revenue from the inscription casting of the Bitcoin NFT protocol Ordinals has reached 2,687.42 BTC, equivalent to approximately 96.92 million US dollars. The current total number of inscriptions cast is 41,346,774.
Bitcoin (BTC) Overtakes Ethereum (ETH) in Daily Transaction Fees for the First Time in Three Years
Bitcoin has surpassed Ethereum in daily cryptocurrency transaction fees for the first time in three years, with daily transaction fees reaching $11.63 million compared to Ethereum's $8.44 million. Ethereum's versatility in supporting various Decentralized Applications (DApps) and smart contracts had previously made it the preferred choice for users engaging in DeFi and NFTs. However, recent developments have seen Bitcoin experience a surge in average transaction fees, reaching $18.69 per transaction on Nov. 16, and outperforming Ethereum in NFT sales. This surge in fees is seen as a positive development for Bitcoin miners, providing a boost to their revenue streams and ensuring the continued viability of the mining ecosystem.
BTC falls below $36,000
The market shows BTC has fallen below 36,000 US dollars, currently reporting 35,892.4 US dollars, with a daily decline of 2.34%. The market is volatile, so please be prepared for risk control.
80% of all BTC held by Bitcoin Holders are in profit
CryptoChan cited data from IntoTheBlock on social media, stating that the black line in the chart represents the BTC price, and the blue line represents the percentage of BTC held by Bitcoin holders (holding BTC on the chain for more than 1 year) that are currently in a profitable state. During the 2016 BTC bull market peak, this on-chain indicator reached 93%. During the 2019 BTC bull market peak, it reached 90%. Currently, the on-chain indicator value is 80%.
The seven-day average funding rate of the Bitcoin perpetual contract is approximately 0.02%, close to the Q4 level of 2021
According to CryptoQuant data, as of November 15th, the 7-day average funding rate for Bitcoin perpetual contracts was about 0.02%, reaching a nearly two-year high and approaching the level of the last quarter of 2021. In addition, Deribit data shows that the majority of options bets are bullish on Bitcoin, with expectations that Bitcoin will reach $40,000 or even $45,000, indicating that $40,000 may become a key testing area for Bitcoin's rebound. (Bloomberg)
The seven-day average funding rate of the Bitcoin perpetual contract is approximately 0.02%, reaching a high in the past two years.
On November 17th, according to CryptoQuant data, the average funding rate for Bitcoin perpetual contracts was about 0.02%, reaching a nearly two-year high and approaching the level of the last quarter of 2021 when Bitcoin was rising towards its peak. In addition, Deribit data shows that by the end of December, there will be a large number of bullish options bets on Bitcoin reaching 40,000 to 45,000 US dollars.
IntoTheBlock: Bitcoin has 960,000 daily active addresses, Litecoin has 797,000, and Ethereum has 405,000
IntoTheBlock shared some key indicators of three mainstream L1 chains on X platform, as follows: Currently, as a key indicator of network utilization and user activity, daily active addresses show an interesting hierarchical structure: 1. Bitcoin: leading with 960,000 daily active addresses, continuing to maintain its dominant position; 2. Litecoin: 797,000 daily active addresses, indicating a strong user base; 3. Ethereum: with 405,000 daily active addresses, currently ranked third; It is worth noting that Ethereum has always been one of the networks with the most active users.
Options contracts worth $1.28 billion in BTC and $530 million in ETH will expire and be delivered today
According to data from Greeks.live on November 17th, 35,000 BTC options are about to expire with a Put Call Ratio of 0.49, a maximum pain point of $36,000 and a nominal value of $1.28 billion.
BTC ATM users in Argentina can now use the BTC Lightning Network
Bitcoin ATM users in Argentina can now use the BTC Lightning Network, a project completed by encrypted ATM operator Athena Bitcoin, which launched Lightning Network integration in El Salvador in early November. Athena Bitcoin hopes to expand its integrated project to the entire Latin American region.
Yesterday, Bitcoin network handling fees exceeded 317.4 BTC, a new high in the past six months
On November 17th, according to BTC.com data, the total network transaction fee of Bitcoin exceeded 317.4 BTC yesterday, once again setting a new high in nearly half a year.
Nostr Assets Protocol Bitcoin Deposits Restored
On November 17th, according to official sources, the Bitcoin Lightning Network Nostr Assets Protocol BTC deposit has now been restored.
Korean exchanges’ market share rises to 12.9% in November
According to CCData, a Bloomberg source, the market share of South Korean exchanges rose to 12.9% in November, with trading volume surging in recent months. CCData PR Manager Jamie Sly said, "South Korean exchanges have played an important role in the increase in centralized exchange trading activity. Upbit, a South Korean exchange, accounts for the majority of trading volume in South Korea."
