Bitcoin returned to above $40,000 after 578 days, with a 24-hour increase of 1.64%
According to OKX market data, Bitcoin returned above $40,000 for the first time in 578 days, with a current price of $40,121 and a 24-hour increase of 1.64%.
Bloomberg Analyst: The difference in the number of BTC accumulation addresses during the 2018 and 2022 bear markets shows investors’ current strong belief
Former Bloomberg Intelligence analyst Jamie Coutts stated that the difference in the accumulated address numbers between the bear markets of 2018 (-20%) and 2022 (+60%) indicates the current strong belief of Bitcoin investors.
The number of Bitcoin holdings of whales with at least 1,000 BTC reaches the highest level since December 2022
According to IntoTheBlock data, this week the amount of Bitcoin held by whale addresses with 1000 BTC or more reached the highest level since December 2022.
The total number of Bitcoin addresses exceeds 50 million for the first time
According to Bitcoin Magazine, the total number of Bitcoin addresses has exceeded 50 million for the first time.
Founder of Custodia Bank: Traditional finance and Bitcoin need to coexist
Caitlin Long, the founder and CEO of Custodia Bank, stated in an interview that she believes traditional finance and Bitcoin need to coexist. It is necessary to build a bridge between the two systems to ensure that they do not harm each other, while combining their respective strengths: the powerful customer protection provided by banks as the best form of currency.
JAN3 CEO meets Suriname President to develop national Bitcoin strategy
Chan Santokhi, the President of Suriname, recently met with Samson Mow, CEO of Bitcoin company JAN3, to discuss potential strategies for integrating Bitcoin into Suriname's economy. This meeting is part of Suriname's broader efforts to diversify its economic model, and the dialogue with JAN3, led by Foreign Minister Albert Ramdin, focused on exploring the potential of Bitcoin in various fields such as finance, sustainable energy, and technology. President Santokhi expressed interest in developing a Bitcoin strategy to position Suriname as a leader in the finance and technology sectors, and to use new technologies to improve the standard of living for its people.
Cornell University study: Bitcoin mining could help deploy renewable energy projects in the United States
On December 2nd, Cornell University researchers completed a study entitled "From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action". The study explains that Bitcoin can become a positive factor in deploying renewable energy projects in the United States. The study claims that during the pre-commercial development phase, when mining facilities are still being developed but can generate energy, some developers can profit from Bitcoin mining.
Cardano founder: BTC was extremely centralized in its early days
In a video this week, Cardano founder Charles Hoskinson believes that on the first day of BTC's creation, Satoshi Nakamoto had 100% of the computing power and had complete and absolute control over the Bitcoin network, with no concept of a Fair Launch. Hoskinson believes that he (Satoshi Nakamoto) may have mined a "significant amount" of supply in a completely centralized manner and funded his (Satoshi Nakamoto's) vacation by providing the proceeds to others. This actually creates a nature of transaction, different from ICOs.
The total market value of cryptocurrencies exceeds 1.5 trillion US dollars, a new high for the year
According to CoinGecko data, the total market value of cryptocurrencies has surpassed $1.5 trillion, reaching $1.527 trillion as of the time of publication. The 24-hour increase was 1.4%, a new high for the year. The total trading volume of the cryptocurrency market in the past 24 hours was approximately $66.224 billion, with BTC accounting for 49.7% of the market share and ETH accounting for 16.5%.
Jack Dorsey supports BTC mining pool Ocean filtering ordinal inscription
Former X platform CEP Jack Dorsey led a $6.2 million investment in the BTC mining pool Ocean, which is currently filtering ordinal inscription transactions. Currently, Ocean is using various filtering strategies to filter out "spam" in the form of inscriptions.
Glassnode: A total of US$1.4 billion worth of BTC has been transferred out of the trading platform in the past half month
On December 2nd, according to data from Glassnode, over 37,000 bitcoins (worth $1.4 billion) have been withdrawn from trading platforms since November 17th, indicating that investors are directly holding their tokens. Some market observers suggest that the expected interest rate cuts by central banks in the coming months may attract capital into the market, leading to greater volatility in speculative markets such as cryptocurrencies. TradeStation's brokerage business manager, Anthony Rousseau, said that the Federal Reserve has already paused its rate hike cycle, and central banks around the world have followed suit. There is reason to believe that we have reached the peak of this tightening cycle. In order to sustain buying pressure for risk assets, we need to see a path forward with lower interest rates and an end to quantitative tightening. There may be an opportunity for positive market liquidity flow in 2024. Bitcoin is a pure reflection of market liquidity flow, and we need to see positive liquidity flow to support any substantial bullish activity.
Grayscale’s new director: Investing in BTC since 2013
Odaily Planet Daily News reported that Grayscale officially stated in an interview that John Hoffman, the new Managing Director and Head of Distribution and Strategic Partnerships at Grayscale, has been investing in BTC since 2013, but "it took much longer to emotionally invest in its innovation." Hoffman also stated that in terms of time, the innovation trigger for blockchain has already passed 15 years, but when considering the adoption and impact of blockchain, it may currently only be at 1% of an exponential trend. Hoffman expects that digital assets will change the way people live, work, and entertain themselves in the next decade, and are now entering the "enlightenment slope," where the early promises of blockchain are increasingly being put into practice and demonstrating real-world utility.
Binance Bitcoin wallet balance fell below 500,000, and $350 million in BTC assets were lost in the past week
According to Coinglass data, the balance of Bitcoin wallets on Binance has fallen below 500,000 BTC to 499,909.29 BTC. In the past 7 days, it has decreased by more than 9,340 BTC, and in the past 30 days, it has decreased by 38,337.54 BTC. Bitfinex and Gemini were the exchanges with the most significant increase in Bitcoin wallet balances in the past 30 days, with an increase of 12,269.47 BTC and 10,989.97 BTC, respectively.
The total AUM of the 14 spot Bitcoin ETF applicants is $14 trillion
According to a data statistics chart, so far, 14 major authorized participants have applied for a spot Bitcoin ETF. Their total asset management scale is $14 trillion.
Bitcoin hits 19-month high of $39,000 as US Federal Reserve hints at policy easing
On December 1st, Bitcoin reached a new 19-month high of $39,000 on Bitstamp, following comments made by the United States Federal Reserve Chair, Jerome Powell, about the current state of the US economy and progress towards reducing inflation. Powell stated that it would be premature to conclude with confidence that the Fed had achieved a sufficiently restrictive stance, or to speculate on when policy might ease. However, Powell's cautious tone appeared to boost risk asset sentiment. While market expectations unilaterally favored a pause in hikes, some financial commentary resources remain cautious about the Fed's future actions.
2,588 BTC transferred to Coinbase, worth nearly $100 million
According to Whale Alert, 2,588 BTC worth $99.38 million were transferred from an unknown address to Coinbase.
Bitcoin fees drop more than 50% this week
IntoTheBlock data shows that due to the cooling of Ordinals-related transactions, Bitcoin fees have dropped by more than 50% this week, to about $27.1 million.
Bitcoin mining company CleanSpark mined 666 BTC in November
On December 1st, CleanSpark, a bitcoin mining company, released an update on its production and operation in November. It produced 666 BTC and sold 402 BTC last month. As of November 30th, it holds a total of 2575 BTC.
Bitcoin mining company Bitfarms produced 392 BTC in November
Bitcoin mining company Bitfarms released an update for November 2023, producing a total of 392 BTC, which is a 1.5% decrease compared to October. The hash rate increased by 2% to 6.4 EH/s, and they sold 350 BTC, resulting in a total revenue of $12.8 million. They also confirmed the purchase of 35,888 Bitmain T21 mining machines.
1,500 BTC transferred from unknown wallet to Bitfinex
According to the on-chain data tracking service Whale Alert, at around 20:47 Beijing time today, 1,500 BTC (worth about $57,629,213) was transferred from an unknown wallet to Bitfinex.
