The second largest cryptocurrency by market cap after Bitcoin, ETH has surged nearly 10% last day and 33% last month. During this year, its value has increased by 355%.
The Number Of Bitcoin Addresses With At Least 1 Million USD Set A Record
The number of Bitcoin addresses holding at least $ 1 million increased by 150% to 66,540 addresses. These statistics show that after the Bitcoin price peaked and exceeded $ 20,000, the BTC addresses of previous miners were instantly converted to millionaire wallets.
Entering the Market of Institutions Reduced the Impact of Whale Movements
While the sudden sales of Bitcoin whales caused sudden breakdowns in the price in the previous periods, the Bitcoins sold with the entrance of the institutions to the market started to be bought by corporate companies. In this way, possible speculative movements were reduced to a minimum.
Stablecoin TUSD Coming to Avalanche (AVAX)
With the integration planned to be completed in the first quarter of 2021, TUSD will become the first US dollar-indexed stablecoin on Avalanche. True USD stands out as one of the 5 largest "stablecoins" in the cryptocurrency market.
Over $ One Billion Worth ETH Invested In Ethereum 2.0 Deposit Contract
After the Ethereum 2.0 update, the stake (locked) amount has exceeded 1.5 million Ethereum so far. Its value in dollars exceeds one billion dollars. Since the contract does not have a closing date, investors can perform staking transactions in ETH 2.0, as well as earn rewards in proportion to the amount they stake.
CME Announces Ethereum Futures
Almost exactly three years since the start of Bitcoin futures, the Chicago Mercantile Exchange (CME) announced that Ethereum futures will be released on February 8, 2021. The addition of Ethereum futures with increasing customer demand will provide a valuable tool for cryptocurrency transactions.
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