$BTC 24 Hour High $10011.00 $BTC 24 Hour Low $9,147.19 $BTC +8.2%
$BTC finally reached 10,000 as we see a pick up in volatility and volumes as halvening nears . A significant recovery from the 4,644 depths of last month. Over 170K $BTC moved between wallets compared to sub 100K $BTC during this week.
Digital assets market:
Digital asset market cap jumped by $16B overnight to $266B. Paul Tudor Jones announced that he would be buying $BTC futures as a hedge against inflation.
$BTC Futures volumes seeing ~50% increase from yesterday, exceeding 30B traded volumes with 2.53B open interest aggregated across the top platforms.
27M Short contracts liquidated on the move up. $BTC node count falls to 3-year lows despite price surge, down to 47K, peaking at 200K in Jan 2018. This could be due to the COVID-19 affecting operations which trickled down to $BTC prices slumping last month, rendering rigs to be non-profitable and pushing out smaller miners with higher operating costs.
Miners expect prices to reach at least 12K, blockchain illustrating that they have been selling less for the past 7 days, approximately 1,067 $BTC.
$USDT arb window increasing payment provider flow to 80% capacity, desk seeing more two-way $BTC action from both speculating individuals and funds, correlating with current market trends.
BCHBTC and ETHBTC both recovered a bit after both crypto-to-crypto pairs declined against $BTC for six days in a row.
BCHBTC +1.6% @ 0.0256
ETHBTC + 1.1% @ 0.0214