Bitcoin, Crypto UTXO Analysis Reveals Critical Onchain Insights

Jesus Rodriguez, of Into the Block, recently published some really interesting data on the UTXO sets of Bitcoin and other leading public blockchains. The data gives excellent insight to the actual way coins are being held and moved around by cryptocurrency users. Analysts Leverage UTXOs to Quantify Onchain Data UTXOs are Unspent Transaction Outputs. The easiest way to understand UTXOs is to imagine a cryptocurrency token as a 5 dollar bill. If you buy a soft drink for 2 dollars and spend your 5 dollar bill, you should receive 3…

Bitcoin’s ’10-Day Returns’ Since 2013 are Off the Charts

Bitcoin can yield thousands of percent of gains within a short time frame. But those returns have been counted only in the best days for the coin. Bitcoin Moves Sharply, Creating Days of Extraordinary Gains Recent research revealed that bitcoin prices tend to move on specific days, bringing up the overall gains. But missing that period may mean waiting out a bear market or stagnant prices. Inspired by Fundstrat’s Tom Lee @fundstrat ’10 best days’ analysis I’ve updated Bitcoin chart and added ETH, XRP & LTC. Below is Bitcoin $BTC.…

Sunday Digest: Bitcoin Price Saunters And Ripple Steals Headlines

This week saw the World Economic Forum in Davos. What better opportunity for US Treasury Secretary, Steven Mnuchin, to take a dig at 17-year-old Swedish girl, Greta Thunberg? Of course, many took the opportunity to discuss important things like Bitcoin and cryptocurrency. Bitcoin Price: Meh… Okay, so I’d like to just write ‘meh!’ and move on, but apparently I’m contractually obliged to give you a little more than that… Bitcoin’s heroic ascent of the $9k peak was over before they’d even got out the sandwiches. In fact, it had fallen…