News
The crypto market cap reaches a new ATH! A gigantic $1.13 trillion of combined value in crypto marks the highest level of all-time. https://t.co/WGeBqx6XUP
— Cointelegraph (@Cointelegraph) February 4, 2021
Goldman Sachs strategist has a warning over Bitcoin's value https://t.co/pTX97kFtCK
— Bloomberg Crypto (@crypto) February 4, 2021
Bitcoin mining pool Poolin acquires hashrate of NovaBlock to expand in North Americahttps://t.co/NNBw56YmFa
— The Block (@TheBlock__) February 5, 2021
Charts
The number of #Bitcoin whales (entities holding ≥ 1k $BTC) has seen an astounding increase.
Since the beginning of the year, more than 200 new whale entities have appeared in the network –– data supporting the case that institutions are arriving.
Chart: https://t.co/UyP0uwZW5V pic.twitter.com/ymaM2J8ksS
— glassnode (@glassnode) February 4, 2021
It is widely understood that whilst there are 18.6m #Bitcoin in existence, many are lost and not available to the market anymore.
That is why we've created free float supply, a more realistic representation of the market's Bitcoin supply, 14.5mhttps://t.co/1oYf6sZbjB pic.twitter.com/170FDYZYoe
— CoinMetrics.io (@coinmetrics) February 5, 2021
Goldman Sachs saying #Bitcoin is correlated so clients have 1 reason *not* to invest.
But when it's positively & negatively correlated, it's –> not correlated.Never underestimate the power of trying to make a point where there is none. pic.twitter.com/XTItLrUGOE
— Mira Christanto (@asiahodl) February 4, 2021
Saw a lot of people on Twitter today complaining about the high ETH fees, so we checked it out, and eeesh… pic.twitter.com/HWHOzTc0HK
— CoinDesk Research (@CoinDeskData) February 4, 2021
Analysis
As if last week’s stock market drama wasn’t interesting enough already, there’s the impact on interest in decentralized exchanges. @KaikoData looks at the performance of DEX tokens – Uniswap’s UNI has almost 4x YTD.https://t.co/6G3rrAXU4Q pic.twitter.com/pIOZpvsHc7
— CoinDesk Research (@CoinDeskData) February 4, 2021
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