
Metrics indicate bullish sentiment as illiquid Bitcoin supply reaches 80%
MVRV-Z and Realized Price charts agree that the market bottom has been reached.
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MVRV-Z and Realized Price charts agree that the market bottom has been reached.

With earnings going from high to low in 2022, some miners struggled to pay the dues, resulting in more defaults, distressed asset sales, and acquisitions than ever before.

Bitcoin crashes through $23k as the bear market rally continues

Bitcoin has an intended use case as a new, global, digital, decentralized, permissionless, non-custodial, and apolitical monetary and financial system that rewards and protects savers much more than the current central banking system.

Brett Harrison, the former CEO of FTX.US, raised $5 million from big-name investors to launch a new crypto startup called Architects.

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

Crypto markets did not react to news of Genesis filing for Chapter 11 bankruptcy. However, contagion risk remains a threat.

The Bitcoin network used 58.9% renewable sources last quarter vs. 59.4% the previous quarter.

On-chain Bitcoin metrics continue to suggest a market bottom, but it remains to be seen if the current cycle plays out the same as past cycles.
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