Analysis Today TheBitTimes.com

Since February 2024, Bitcoin (BTC) has traded in a price range between $60,000 and $72,000, with two deviations. This has carved a mostly neutral momentum for the leading cryptocurrency, now seeing its trading and transaction volume fade away. Finbold retrieved data from Santiment on June 2 showing both metrics with the BTC price, currently at $68,100. In particular, the seven-day trading volume plummeted below $14 billion to the same level as 2023, when Bitcoin traded below $30,000. Moreover, the chart evidences a lack of interest in Bitcoin trading and on-chain transaction volume s, with the second remarkably low. As observed, the network registered only 722,000 BTC moved in seven days. This contrasts with the 1.79 million BTC in October 2023, with a similar trading volume and half the price. Picks for you Economic meltdown imminent...

Solana developers target TX bug fix, with a patch expected on April 15. Helius Labs CEO says issues are a result of “an implementation bug, not design flaw.” Solana developers are reportedly target ing April 15 as the date to implement a fix on transaction issues that recently plagued the blockchain network. This comes after Solana’s explosive meme coins ecosystem came with a remarkable surge in activity. A pike for the likes of dogwifhat helped push SOL price higher. But the increased volume also came with a surge in volume that impacted network performance. It’s an implementation bug, not design flaw Commenting on the recent issues, Mert Mumtaz, CEO of Helius Labs, noted in a post on X that these are more about an “implementation bug” that a “design flaw.” “ It is important to make this distinction because implementation errors are usually trivial (they can be swapped out for other implementations) ...

The official Starknet Ethereum address made seven cross-chain transactions ahead of the anticipated launch of STRK, the protocol’s native token expected by Q2 2024.  Starknet transferred less than three STRK tokens between Ethereum’s mainnet and the project’s layer-2 network, per data seen on block explorer Starkscan. The action was likely part of an on-chain test exercise for the Ethereum-based scaling solution before developers rolled out the ERC-20 cryptocurrency. STRK test transactions | Source: Starkscan The transactions for users and network participants indicate progress toward STRK’s launch, which may accompany an airdrop and community rewards. The Starknet Foundation revealed 1.8 billion STRK tokens earmarked for its distribution plan in December last year.  Half that amount was designated network rebates to reward users already transacting on the L2 chain, crypto.news noted. Beneficiaries of the Early Community Member Program are also set to receive a portion o...

The Graph observes several large transactions worth at least $100,000, leading to a nine-month high in overall whale activity as social volume sees a massive upswing. Notably, on Nov. 6, GRT recorded an intraday figure of 149 transactions worth $100,000 and above for the first time in months, according to Santiment. In addition, on-chain data confirms that market participants created up to 620 new addresses. #TheGraph has nearly doubled since October 19th, and there has been major whale movement and new addresses being created. To identify whether a #bullish trend can continue, the mean dollar age line moving down (like it has for $GRT) is often validation. https://t.co/mJZiZitJ9P pic.twitter.com/q0Dzp3dsPd — Santiment (@santimentfeed) November 8, 2023 These favorable metrics have come up when GRT leverages market-wide bullish sentiments to engineer a rally. Despite a 5.9% decline over the last 24 hours, The Graph is up 24% in the past week. You might also like: ...

Bitcoin’s (BTC) brief recovery of the $30,000 mark after a major drop has sparked significant interest among market observers. During this period, key metrics such as whale transactions and weekly price volatility have surged, indicating potential market sentiment and activity shifts.  Whale transactions involving Bitcoin worth at least $1 million have witnessed a remarkable rise, per Santiment data. Prominent institutional investors or high-net-worth individuals generally initiate these transactions . Their trading activity can exert considerable influence on the market due to their substantial holdings. BTC price, whale transaction count and volatility – Aug. 2 | Source: Santiment From July 27 to August 1, the market observed a decrease in BTC whale transactions . However, amid the recent Bitcoin price recovery, the whale transaction count experienced reasonable spikes. You might also like: Bitcoin supply last active in over 5 years hits ATH despite whale ...