Crypto Brief – March 16th 2021
News
#XBT #BTC | #Bitcoin Losses Accelerate After Weekend Rally to Record High – Bloomberg
*Link: https://t.co/BBFbZQLf1p pic.twitter.com/q5R4dDqQoG— Christophe Barraud (@C_Barraud) March 16, 2021
#Japan | #BOJ must prepare 'thoroughly' on #digital currency, says Kuroda – Reutershttps://t.co/vNm4ujq4pC
— Christophe Barraud (@C_Barraud) March 16, 2021
Elon Musk is getting in on the NFT craze by selling a song about NFTs as a non-fungible token: by @rachsandl https://t.co/fOxRiQttD7
— Forbes Crypto (@ForbesCrypto) March 16, 2021
Charts
BTC futures open interest at ATH – new investors and traders are coming into the market mainly bullish, given the positive basis (fallen a bit but back to where it was early March) – chart via @skewdotcom pic.twitter.com/JhCA2dcps3
— CoinDesk Research (@CoinDeskData) March 15, 2021
The number of new participants in the #Bitcoin network is unprecedented.
Over the past weeks, we have seen a large growth of new entities. This is a strong indication that new retail investors have been entering the space.
Chart: https://t.co/3w1LwtUFZV pic.twitter.com/MXNXwimnfZ
— glassnode (@glassnode) March 15, 2021
Analysis
In this week's State of the Network @natemaddrey looks at how much crypto has grown a year after the March 2020 crash.
Read the full issue here:https://t.co/nJGjRqa783
— CoinMetrics.io (@coinmetrics) March 16, 2021
As you'd expect during an extended bull run, #Bitcoin, #Ethereum, #BinanceCoin, and #Chainlink have all seen gains in the amount of addresses interacting on their respective networks. Read our latest insight, breaking down which shows the most promise. https://t.co/SUkxZdN2tx pic.twitter.com/Imy8QLCPfm
— Santiment (@santimentfeed) March 16, 2021
With #Bitcoin's mid-sized correction on a red Monday, we can see that whales were quite active. In fact, 23,478 was the largest number of $100,000+ transactions on $BTC's network in three weeks. The trend of rising whale transactions is quite striking. https://t.co/H3imCKqvCp pic.twitter.com/WColQjwLTH
— Santiment (@santimentfeed) March 16, 2021
*Most Read “Crypto” Articles:
Why Is Bitcoin Back At Record High?
Bitcoin: Is This Time Different?
Gold Will Suffer From Bitcoin Resurrection