- Glassnode shared that two on-chain metrics for BTC just lately hit new highs.
- The quantity of BTC provide for the most recent 2y-3y (1d MA) exercise hit a 2-year excessive of two,675,323.424 BTC.
- BTC is at present buying and selling at $27,462.55 after a value drop of 1.03%.
On-chain analytics platform glassnode alerts (@glassnodealerts) took to Twitter this morning to share some latest on-chain metrics for crypto market chief Bitcoin (BTC). In line with these tweets, two of BTC’s metrics have just lately hit new highs.
The primary one job by glassnode revealed that the BTC provide quantity for the most recent 2-3yr exercise (1d MA) reached a 2-year excessive of two,675,323.424 BTC. In the meantime, the second job by the analytics platform revealed that BTC’s NVT ratio (7d MA) simply hit a 1-month excessive of 1,625.697. The earlier 1-month excessive for BTC’s NVT ratio was 1,620.904 and was noticed on the primary day of April 2023.
Moreover, crypto market monitoring web site CoinMarketCap reviews that BTC is at present buying and selling at $27,462.55 after a value decline of 1.03% prior to now 24 hours. Regardless of this, BTC was in a position to strengthen towards its competitor Ethereum (ETH) by round 0.49%.
This 24-hour efficiency from the King of Crypto pushed his weekly efficiency even additional into the purple. At press time, BTC is down greater than 8% prior to now seven days. BTC’s 24-hour buying and selling quantity additionally at present stands at $14,258,856,974 after rising greater than 7% since yesterday.
BTC’s latest value motion has introduced its market cap right down to $531,670,140,785 at press time. However, BTC has nonetheless been in a position to outperform the altcoin market over the previous 24 hours, with its market dominance growing by round 0.09% throughout this time.
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