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Daily #Web3 Market

27 Jun 2024

Power-law model suggests Bitcoin’s maturity post-2024 halving

A mathematical analysis using the Bitcoin Power-Law Model suggests Bitcoin may reach maturity following the 2024 halving event. This model correlates historical price trends with time, although its reliance on past data raises questions about its broader applicability. Read more

Hash rate fluctuations in 2024 highlight Bitcoin’s miner resilience and market forces

Bitcoin’s mean hash rate, measured by the 7-day moving average, showed significant fluctuations in 2024. These variations underscore the resilience of miners and the influence of market forces, especially around the latest halving event. Read more

The Protocol: Blast’s $3B Airdrop and Bitcoin’s Mt. Gox Moment

This week’s issue of CoinDesk’s blockchain tech newsletter covers $100 million in fundraisings, updates from Solana, and concerns over Bitcoin distributions from the defunct Mt. Gox exchange. Read more

Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase

Bitcoin’s price dropped following the U.S. government’s transfer of $240 million worth of Bitcoin, seized from a Silk Road vendor, to Coinbase. Read more

Bitcoin price wobbles at $61K as US gov sends 4K BTC to Coinbase

Bitcoin’s price struggled to maintain stability around $61,000 as news emerged of the U.S. government’s Bitcoin transfer to Coinbase. This movement is part of a broader trend of governments liquidating seized crypto assets. Read more

Price analysis 6/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX

A detailed price analysis of major cryptocurrencies including Bitcoin, Ethereum, Binance Coin, Solana, and others, highlighting market trends and trading strategies. Read more

First Mover Americas: BTC Steadies, but 10% Monthly Loss Questions Nasdaq Rally

Despite a 10% monthly loss, Bitcoin’s price steadied, raising questions about the strength of the Nasdaq rally. The newsletter provides context on the latest crypto market movements. Read more

German Government Entity Moves $24M Bitcoin to Kraken, Coinbase: Arkham

A German government entity moved $24 million worth of Bitcoin to Kraken and Coinbase, part of larger recent wallet shifts totaling $425 million. Read more

Ether Spot ETFs Could See Lower Demand Compared to Bitcoin Peers: Bernstein

According to Bernstein, Ether spot ETFs might attract less demand than Bitcoin ETFs due to the need for a better regulatory framework and improved market narratives. Read more

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