The percentages on deposits as of June 4

Read more

Researchers at CryptoSlate reported that the realised capitalisation of bitcoin (BTC) has shown significant growth, reaching $600bn. According to them, this reflects increased investor confidence after halving in 2024. The experts emphasised that this metric offers a detailed assessment, taking into account the price at which the last transaction was made for each BTC. This provides a more accurate measure than market capitalisation, which is subject to price fluctuations given inactive coins.

The latest data points to an increase in realised profits, which peaked at $3.3bn in early April. This signals large-scale investor fixation. Despite the massive sell-off, the overall market trend points to asset accumulation throughout 2024. As assured by analysts, this suggests a steady underlying demand for Bitcoin (BTC). This dynamic emphasises the stability of the market in the face of short-term volatility.

Read more

The percentages on deposits as of June 3

Read more

The value of cryptocurrencies has been affected by the approval of spot exchange-traded funds (ETFs) for ether in the US, according to experts at CoinGlass.

In early May 2024, the bitcoin rate fell below the $57,000 mark amid the US Federal Reserve's interest rate decision. However, the cryptocurrency's value then showed growth above $61,000 - after data on unemployment in the US emerged. After the publication of fresh US inflation figures, bitcoin broke above the $67,700 level, while ether surged to $3800.

Earlier, analysts at Grayscale announced that bitcoin's relevance is increasing due to changing macroeconomic conditions and the political situation in the US ahead of the presidential election.

Read more