With #Bitcoin network activity falling, the price equilibrium is closely balanced between fund inflows and miner outflows
You can see this play out here with miner outflows having an increasing impact on short-term price movements
Live: https://t.co/I3dtakrheM
#bitcoin exchange volume (orange) accelerated on the way up to $9k and now dropping back. Price consolidating here.
Price currently @ 30% premium to fair value. Comfortable level considering halving just 10 days from now.
Highlights from the 7th Issue of our Market Health Report;
1. Bitcoin up 1.7% VPW, Fair Value drops to $5.9k.
2. Number of blocks produced per hour up 9% as difficulty falls.
3. Fee Revenues drop to 1.17% of total Miner Revenues, 98.8% from block rewards.
#bitcoin@Bitcoin
For those of you that haven't been following ByteTree, we highly recommend checking them out!
Our former CEO @jamesonthechain now writes the weekly health report.
Sign up below 🤓🌐👍
Last week our Market Health report called bitcoin's fair value at $6,050.
Issue #5 is being released tomorrow!
Sign up here to be the first to find out bitcoin's updated Fair Value --> https://t.co/gIpjpfmSe9
https://t.co/BH3ZEwIPIR
#bitcoin#crypto#cryptocurrency
Happy Birthday @litecoin 🎊🎉🥳
Today marks 8 years that Litecoin has been up and running with 0 mins downtime! Congratulations @SatoshiLite & @LTCFoundation
On-chain $ transaction volume up 200% in 24hrs to celebrate the occasion.
Watch it live at https://t.co/sF0X1cvJeL
$0.9Bn transaction spotted on the #bitcoin network 👀
Whale alert?
Our transaction value heat map updates with each new block - watch it live at https://t.co/3kLqrZHmEH
#blockchain#cryptoasset#onchain
Today marks a new chapter for Bitassist as our CEO @jamesonthechain takes over as CEO of @ByteTree - the number one on-chain analytics company in crypto!
Going forward, our content and research will be under the ByteTree brand.
https://t.co/1CeWswkgFD
#bitcoin#blockchain
Have you spotted the new feature on the https://t.co/1nJtYzu9js dashboard? The gauges are visual tools for a quick overview of the #cryptocurrency health. In our latest article we discuss fair value vs exchange trade price: https://t.co/auMDOmC8W5 #bitcoin#BitcoinCash#Litecoin
I wrote a piece for London's @CityAM about how investors can leverage on-chain data to make informed, data-driven decisions.
Thanks to the fabulous @CityAM_Crypto for the opportunity to spread the word!
Full article here: https://t.co/OxoM7PU0lD
#bitcoin#onchain#blockchain
When Notre Dame was on fire, it was seen as a global emergency, millions of people physically sent millions to an already millionaire church/tourist attraction.
The Earth's most important LUNG is ON FIRE right now, yet we are not nearly as concerned...
#AmazonRainforest
Miner inventories build up when miners spend less than what they mine. By monitoring the inventories we can gain some helpful insights into the health of the #Blockchain. Find out how we calculate this in our latest post: https://t.co/wpCSPmx4L7 #cryptocurrency#cryptocurrencies
#PressRelease: World’s First Blockchain VR Network Set to Launch Featuring Top Content Creators at @badcrypto Podcast, Crypto Trader and More, Powered by #VideoCoin Network Technology. https://t.co/75jMN9xfaQ #BVRN
The speed, or velocity, at which @litecoin moves through the Litecoin Network can be used to indicate sentiment.
A short term spike in velocity regularly leads price 📈🚀
Check out network velocity LIVE on the @ByteTree platform https://t.co/vIdcS9UIzv
#onchain#Litecoin
In our third article of the series leading up to the #Litecoin halving, we are taking a look at how network velocity can act as the primary indicator for price. Read more here: https://t.co/LWYzu2LFvG #cryptocurrency#bitcoin#BitcoinCash