ToTheMoon

In this era, 6.25% of all #bitcoin will be mined , at 6.25 new $BTC per block. When halved, only 6.25% of bitcoins will remain mined. After halving, replace each with 3.125.

Cryptocurrency exchange Binance has announced something that will be "key to attracting the next billion". Apparently, we are talking about a billion new users of digital assets. What exactly will be the novelty - we will find out on November 8, that is, on Wednesday.

One of the reasons for Bitcoin's overnight growth is the listing of BlackRock's iShares Bitcoin Trust under the Depository Trust and Clearing Corporation (DTCC), which provides clearing services for the NASDAQ. The instrument received the ticker IBTC. As Bloomberg analyst Eric Balchunas notes, all this is preparation for the launch of a spot Bitcoin ETF in the United States from the largest investment company in the world. This means the prospects for his approval are getting closer.

Bitcoin's dominance rate exceeded 51 percent, which was the highest in the last three months. Accordingly, BTC now accounts for more than half of the total cryptocurrency market capitalization. Well, investors have recently become more actively involved with Bitcoin against the backdrop of alts, which confirms the growth of dominance.

Chainalysis analysts shared the ranking of countries by the value of the cryptocurrency received from July 2022 to June 2023. The United States became the leader by a wide margin. At the same time, company experts note the active growth of India’s position. Now she is in second place in the ranking.

July 2023 Top Players

Owners of Bitcoin addresses with less than 1 BTC continue to aggressively buy the cryptocurrency. According to Glassnode analysts, such investors are now increasing their own coin holdings by 33.4 thousand bitcoins per month. Moreover, this is one of the highest rates of accumulation of the first cryptocurrency by this category of buyers. They have a total of 1.33 million BTC at their disposal. Here is the corresponding chart for the situation.

Bitcoin is trading noticeably cheaper on the U.S. version of the cryptocurrency exchange Binance, as seen in Kaiko's chart. The problems with liquidity and active users of the Binance-US platform, which emerged amid a lawsuit of the SEC against the company, are to blame.

Glassnode analysts studied changes in the number of bitcoins on the three largest cryptocurrency exchanges - Binance (yellow), Coinbase (blue) and Bitfinex (green). As a result, the number of BTC on Binance increased by 421 thousand coins and reached 703 thousand BTC. The Bitfinex growth reached 250 thousand bitcoins, while the amount of BTC on Coinbase decreased by 558 thousand units. Current balances are shown on the chart.

At the moment, the volatility of the Etherium exchange rate is at 23 percent. This means that the value of ETH has been incredibly stable lately and is virtually unchanged. As IntoTheBlock analysts clarify, this situation with the cryptocurrency can be compared to the behavior of the Nasdaq index. Its volatility in 2023 is at 20 percent.