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Social media searches for Bitcoin booming as China Merchant Bank invests in popular BTC wallet

Search volumes for “Bitcoin” on China’s social media platforms have spiked sharply following the Chinese government’s announcement of an openly bullish stance on blockchain and its various applications, including digital finance. China’s President Xi Jinping delivered a speech last week declaring his state’s intention to “seize the opportunity” of blockchain and “strive to let China […]

Social media searches for Bitcoin booming as China Merchant Bank invests in popular BTC wallet

Almost 70 percent of Ethereum addresses are at a loss, but HOLDing is at an all-time high

Nearly 70 percent of Ethereum holders are holding at a loss, suggesting the second-largest cryptocurrency by market capitalization could face significant sell pressure on the way to reclaiming previous highs. Approximately 68 percent of Ethereum addresses are “out of the money” according to the crypto analytics platform IntoTheBlock, denoting addresses with an average purchase price […]

Almost 70 percent of Ethereum addresses are at a loss, but HOLDing is at an all-time high