Bitcoin investment funds including ETFs currently manage more than 1 million Bitcoins
Bitcoin investment funds, including ETFs, currently manage over 1 million Bitcoins, with a value of approximately $67 billion at current prices. The majority of this, over 83%, comes from Bitcoin ETFs in the US spot and futures markets.
A new wallet withdrew 6,660 BTC from Kraken in the past 4 days
Lookonchain monitoring shows that in the past four days, a new wallet has extracted 6,660 BTC worth about $445 million from Kraken.
BTC falls below $66,000
According to market trends, BTC has fallen below $66,000 and is currently trading at $65,999.9, with a daily increase of 1.98%. The market is volatile, so please be cautious and manage your risks.
Bitcoin’s market capitalization hit a record high of $1.303 trillion today
According to The Block data on March 4th, after reaching a high of $66,405, Bitcoin's circulating market value reached $1.303 trillion, surpassing the record market value of $1.302 trillion in November 2021.
Bitcoin hit $66,000 in the short term, continuing to hit a new high since November 2021
Bitcoin touched $66,000, hitting a new high since November 2021, with a 4.8% increase within the day. The market is volatile, so please be prepared for risk control.
Bitcoin surpasses Swiss franc to become world’s 13th largest currency
According to Bitcoin Magazine, Bitcoin has just surpassed the Swiss franc (CHF) to become the world's 13th largest currency. According to data from 8marketcap, the current market value of Bitcoin has risen to $1.2826 trillion, surpassing META and becoming the ninth largest asset in the world.
Search Write Sign up Sign in Why Bitcoin Miners Will Keep Mining
Bitcoin prices have dropped sharply, cutting mining revenues in half even before the actual incoming halving
This situation will undoubtedly bring the ‘mining death spiral’ argument back to the forefront of the bitcoin media cycle
‘Mining death spirals’ do not actually happen in real life — they are highly theoretical edge cases without any historical real-world precedent
Mining cost is largely a function of the difficulty, this is a dynamic metric determined by the protocol itself and it can adjust both up and down to keep block times at 10 minutes on average
Bitcoin Core developer Peter Todd will attend the Bitcoin Asia conference
On March 3rd, Bitcoin Core developer Peter Todd confirmed his attendance at the Bitcoin Asia conference. Peter Todd is a well-known early developer of Bitcoin Core and also the cornerstone of the RGB protocol, which proposes single-use seals and client verification for the first time.
Glassnode: The stock of Bitcoin OTC platform is less than 500, which has dropped to the lowest level in history
According to Glassnode data, the stock of Bitcoin on OTC platforms has been continuously decreasing during this market rise, and has now fallen to its lowest historical level (388 coins on February 29th), comparable to mid-2018. Caitlin Long, founder of crypto-friendly bank and Bitcoin custody institution Custodia Bank, responded to comments about "Bitcoin OTC platform stock nearing depletion" on social media, stating that a reliable source indicated that at some point on Wednesday this week, there were only about 40 BTC available for trading on the Bitcoin OTC platform. Note: The OTC platform data collected by Glassnode only covers some mainstream platforms and cannot accurately represent the stock data of all global platforms, but still has reference value.
Over 97% of Bitcoin addresses are currently profitable
According to IntoTheBlock data, more than 97% of Bitcoin addresses are currently profitable, reaching the highest profit level since November 2021. Long-term investors who have held Bitcoin for more than a year own 13.6 million Bitcoins.
