1 / 2 Relevant items tagged with #Supply

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Bitcoin price hits $100K for first time in history

[Dec 5 2:33 AM] Bitcoin has rallied 126% since January to reach $100,000, driven by Bitcoin ETF demand, April's halving and Donald Trump's US election win.

75% of all Bitcoin has been hodled for over 6 months

[Aug 19 3:26 AM] Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.

Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin

[Aug 16 7:30 PM] According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSDâ€

Bitcoin exchange reserve metric hits 3-year low

[Jun 19 3:59 PM] Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin.

Crypto exchanges see $3B Ethereum exit since ETF approvals

[Jun 2 6:35 PM] Only 10.6% of the total Ether supply is currently on centralized crypto exchanges, its lowest level in years.

Bitcoin exchange-traded products now hold over 1 million BTC

[May 27 11:54 PM] The collective total held by all Bitcoin ETFs globally is now more than 1 million coins, currently worth almost $68 billion.

Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin

[May 15 1:33 PM] ETH price continues to trail far behind Bitcoin’s year-to-date gains even after the crypto market responded positively to today’s CPI print.

Bitcoin Supply Inactive for a Year Slides to 18-Month Low of 65.8%

[Apr 9 4:36 AM] The decline likely represents profit-taking by investors who held coins for one year and over and marks a shift from the holding strategy seen through 2023.

Rising M2 money supply will see crypto become ‘Super Massive Black Hole’: Raoul Pal

[Oct 31, 2023 3:23 AM] Historically, the cryptocurrency market has benefited from the rise in global money supply, as the majority of bull runs in the past coincided with the rise in fiat supply.

Why the 2024 Bitcoin halving may play out differently than in the past

[Oct 19, 2023 10:30 AM] While the halving event is considered one of the main catalysts for Bitcoin bull markets, it may play out differently next year.

Crypto Traders Grow Bearish as Aptos Plans $103M APT Token Unlock in November

[Sep 14, 2023 12:44 AM] The collective 20 million APT to be unlocked then equates to 112% of the average daily trading volume over the prior 30 days, according to The Tie.

Worldcoin’s Centralization Dilemma: 100 Wallets Still Dominate 93% of Total Supply

[Sep 8, 2023 8:00 AM] Since August 11, 2023, the number of unique digital wallets storing the iris-scanning cryptocurrency worldcoin (WLD) stood around 468,466. But in the weeks since, ownership of the fledgling crypto has expanded by over 26% to 591,633 wallets…

BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span

[Sep 3, 2023 2:30 PM] The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark…

The Elite Ten: How a Handful of Ethereum Wallets Command Over a Third of ETH’s Total Supply

[Sep 3, 2023 1:00 PM] Ethereum (ETH), boasting its position as the second most dominant cryptocurrency by market capitalization, is held by a staggering 242,686,839 unique addresses. Fast forward to September 3, 2023, and a mere ten ether addresses command a whopping…

Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future

[Aug 22, 2023 3:00 AM] In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally…

GHO and FDUSD Stablecoins See Massive Supply Growth in Recent Debut

[Aug 3, 2023 7:30 AM] In a recent turn of events, the cryptocurrency world has been introduced to two stablecoins anchored to the U.S. dollar — Aave’s gho (GHO) and First Digital’s stablecoin FDUSD. These dollar-tied tokens have rapidly gained…

Scarce Open Market Supply of Top Two Gold Tokens as Concentration Levels Run High Among Top Holders

[Jul 18, 2023 1:30 PM] Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist two noteworthy tokens backed by gold: pax gold (PAXG) and tether gold (XAUT)…

Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges Since July 2020

[Jul 11, 2023 6:35 PM] According to current data, about 2,086,034 bitcoins were held on exchanges as of July 11, 2023. This figure is 154,160 bitcoins less than the number held on centralized trading platforms 72 days earlier, on April 30. The number of bitcoins on…

BAYC-Centric Apecoin Hits All-Time Low, Suffers 92% Decline From Last Year’s Peak

[Jul 6, 2023 1:30 PM] In the midst of a considerable drop in the base price of non-fungible tokens (NFTs) from the Bored Ape Yacht Club, the related cryptocurrency, apecoin (APE), has likewise suffered due to the bearish trends in that specific market. While many crypto…

Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June

[Jul 2, 2023 3:30 PM] The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token…

BLUR Underperforms CoinDesk Market Index Ahead of $62M Token Unlock

[Jun 12, 2023 2:28 PM] Huge increase in supply could hurt BLUR’s price. The token has also fallen after SEC labeled other tokens as securities.

Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions 

[May 13, 2023 12:00 PM] Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of…

New ‘Pepe the Frog’ Crypto Token Becomes Sixth Largest Meme Coin by Market Cap

[Apr 20, 2023 8:30 AM] A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called Pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset…

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021

[Apr 16, 2023 8:30 AM] Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data…

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

[Mar 26, 2023 8:30 AM] According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last…

Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

[Mar 25, 2023 11:30 AM] Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB…

Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85%

[Mar 23, 2023 12:30 PM] On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon…

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

[Mar 17, 2023 12:30 PM] During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million…

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

[Mar 3, 2023 2:00 PM] According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin…

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

[Mar 3, 2023 9:00 AM] The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token…