In a note, David Lo, head of financial products at Bybit, wrote that on-chain activity shows bitcoin holdings by long-term investors are reaching record levels, while Ethereum’s gas usage is dropping significantly, leading to faster ether inflation. Bitcoin has increased its dominance – its share of the overall market capitalization of cryptocurrencies – while notching gains relative to ether.
Trending News
- MHC Digital, Circle collaborate to expand USDC access in APAC region
- Questioning Reality: The Simulated World Dilemma Unraveled
- Using the Motorola Moto G Stylus (2021) Smartphone for Mining VerusCoin (VRSC)
- Kinsale Capital Group: Right Multiple For Growing Insurer (NYSE:KNSL)
- Pound Down Due To Speculation on BOE Dhingra’s Rate Cut Vote
- Citi, JPMorgan Among U.S. Financial Firms Teaming Up to Explore Sharing Ledger Technology for Multiasset Transactions
- Financial system ‘outdated’ but crypto is no fix either: US swing voters
- Infographic: Key highlights from Disney’s (DIS) Q2 2024 earnings results
- EUR/USD Nears Resistance – Price Outlook and Sentiment Analysis
- Did XRP price just bottom against Bitcoin?
Bitcoin
$101,462.61
+1098.14
Ethereum
$3,895.34
-6.82
Litecoin
$121.86
+1.39
DigitalCash
$47.48
-1.26
Monero
$211.27
+5.96
Nxt
$0.00
0
Ethereum Classic
$33.43
-0.52
Dogecoin
$0.41
0
