- Glassnode shared that two on-chain metrics for BTC just lately hit new highs.
- The quantity of BTC provide for the newest 2y-3y (1d MA) exercise hit a 2-year excessive of two,675,323.424 BTC.
- BTC is at the moment 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 current on-chain metrics for the crypto market chief (BTC). In line with these tweets, two of BTC’s metrics have just lately hit new highs.
BTC provide quantity newest exercise, hourly chart 1d MA, (Supply: Glassnode)
The primary publish from Glassnode revealed that the BTC provide quantity for the newest 2-3 yr exercise (MA 1d) reached a 2-year excessive of two,675,323.424 BTC. In the meantime, the second publish from 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.
BTC NVT ration, hourly chart 7d MA, (Supply: Glassnode)
Moreover, crypto market monitoring web site CoinMarketCap stories that BTC is at the moment buying and selling at $27,462.55 after a value decline of 1.03% prior to now 24 hours. Regardless of this, BTC was capable of strengthen towards its competitor (ETH) by round 0.49%.
BTC value (Supply: CoinMarketCap)
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 the moment stands at $14,258,856,974 after rising greater than 7% since yesterday.
BTC’s current value motion has introduced its market cap all the way down to $531,670,140,785 at press time. However, BTC has nonetheless been capable of 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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