• Bitcoin prices surged past the USD$23,000 level, due to reduced sales of coins from miners. • On-chain flows indicate that the amount of Bitcoin moved from Bitcoin mining addresses to wallets owned by cryptocurrency exchanges has decreased to multi-year lows. • Large wallets (>$1M) are seen as majorly responsible for the buying pressure, creating […]
Monthly Archives: January 2023
Small Cap Altcoins See Uptick in Address Activity: Investors Cycle Funds into Riskier Assets
• The crypto market rally has seen altcoins benefit from price movement. • Investors are moving gains from larger cap assets to smaller cap altcoins. • According to Santiment, address activities for small cap coins have seen a notable uptick in the last week. The crypto market has seen a remarkable rally in recent weeks, […]