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Quick Take: The volume of Bitcoin moved in the past week is the highest in 18 months, and miner revenue has grown to match it, according to The Block’s data. Bitcoin miners are racing to purchase equipment and searching for locations with low-cost electricity in order to run them, according to a report in Bloomberg.
The upgrade marks the start of Ethereum’s rollup-focused roadmap, laying the groundwork for L2 platform ecosystem growth.
Bitcoin accumulation addresses are witnessing daily inflows of 38,000 BTC, pushing their total holdings to record-high levels of 1.5 million BTC.
FLOKI broke into the top 50 and PEPE’s price climbed by 15.32% in the last 24 hours. Indicators including the AO and RSI suggested a bullish momentum for FLOKI. PEPE maintained its bullish outlook, indicating a rise to $0.000010.
Worldcoin surged 85% this week after rebounding from an early pullback. BNB reversed upwards to continue its trend from October 2023, achieving a 2-year high. WLD and BNB rallied with Bitcoin’s surge to a new ATH of $70,184.
The total crypto market cap has soared past $2.7 trillion.
BTC and ETH outperformed the S&P 500 in the just-concluded week. A break through the $69,055 resistance could send BTC toward $72,000. ETH’s buying momentum stalled but bullish dominance could drive the price to $4,200.
Bitcoin addresses holding at least 1,000 BTC is climbing again despite BTC price reaching over $70,000 for the first time.
The Grayscale fund has averaged daily net outflows of about $338 million this week, BitMEX Research data shows
- 12:11About 113 BTC and 732 ETH flowed from Gemini hot wallet address to VanEckGolden Finance reported that according to Arkham monitoring data, about 15 hours ago, a total of 113.128 BTC flowed from the Gemini hot wallet address into the asset management giant VanEck Bitcoin exchange-traded fund HODL Bitcoin ETF, worth approximately US$11.2 million; in addition, 732.264 ETH also flowed from the Gemini hot wallet address into the VanEck Ethereum exchange-traded fund ETHV Ethereum ETF, worth approximately US$2.41 million.
- 12:10RookieXBT associated address bought 2.73 million FARTCOIN in the past 48 hoursAccording to Onchain Lens, in the past 48 hours, an address associated with RookieXBT bought 2.73 million FARTCOIN with 3,900 SOL ($1 million) and then transferred it to the main wallet. Earlier this week, the same wallet bought 5.21 million CHILLGUY with 1,200 SOL ($290,000), and then sold 287,000 CHILLGUY for 2.91 SOL ($71,000). Its current holdings of 4.92 million CHILLGUY are worth $1.35 million.
- 10:50Layer 1 tokens generally rose, ADA rose by more than 25% in 24 hoursOdaily Planet Daily News: Market data shows that Layer 1 tokens generally rose, among which: ADA 24H rose 27.2%, now at 1.1 USDT; AVAX 24H rose 17.9%, now at 42.61 USDT; NEAR 24H rose 11.4%, now at 6.32 USDT; ICP 24H rose 16.2%, now at 11.19 USDT; ATOM 24H rose 20.7%, now at 7.97 USDT; FTM 24H rose 19.8%, now at 0.85 USDT; AR 24H rose 21.3%, now at 21.75 USDT.
