Ethereum Torches $18B in Value and Clears 6M ETH Burned, Yet the Supply Keeps Expanding
According to metrics, the tally of ETH burned from fees has sailed past the 6 million mark, meaning that as of Dec. 7’s exchange rates, more than $18 billion in value has effectively gone up in smoke since the London hard fork on Aug. 5, 2021. ETH Bonfire Surpasses 6M...
No Santa Rally? Bitcoin Derivatives Markets Hint at a Cold December
Bitcoin slid under $88,000 on Sunday morning, putting the market squarely in “so much for the Santa Rally” territory. With derivatives traders scrambling for footing and open interest wobbling across major venues, bitcoin is signaling that December may be more coal...
Bitcoin Price Watch: Bulls Stall Below $90K While Bears Lick Their Chops
Bitcoin price is rangebound today between $88,990 to $89,473 over the last hour, perched just below the psychological $90K marker as traders wrangle over its next move. With a market capitalization of $1.78 trillion and a 24-hour trading volume of $21.62 billion, the...
Why Bitcoin Isn’t a Digital Tulip — and Why It Will Never Be
Recent opinion pieces have drawn parallels between bitcoin and tulips because of the speculative frenzy surrounding the latter in the 1600s. I explain why those comparisons are unfair and why analyzing bitcoin solely as a store of value misses the point entirely....Interesting 13
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