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Bitcoin is experiencing a “DeFi summer” moment akin to Ethereum’s in 2020 amid the launch of a new token protocol called Runes, analysts at Bernstein said. Bitcoin miners generated over $100 million in rewards on April 20, with around $80 million just from transaction fees alone.
Bitcoin has recovered above the $66,000 mark in early trading on Monday as broader market caution dissipates.The digital asset has rebounded from losses suffered in the lead-up to the halving — impacted by geopolitical tensions.
Bitcoin has a new countdown after the halving as the days of a sub-$100,000 BTC price are "numbered," new analysis suggests.
Institutional Crypto Research Written by Experts
- 15:56Some giant whale deposited 870 BTC into CEX six hours agoA giant whale deposited 870 BTC worth $58.2 million into CEX six hours ago, according to monitoring, and the whale has deposited 5,729 BTC worth $385 million into CEX since 16 October.
- 15:31MEW's market capitalisation at one point topped $1bn, an all-time highOctober 24, data show that MEW market value once exceeded $ 1 billion, a record high.MEW is now at $ 0.01108, up 17.77% in 24 hours.
- 15:29EURC Stablecoin Supply Hits Record High, Market Cap Approaches $100 MillionThe supply of EURC stablecoin issued by Circle has reportedly reached an all-time high of more than $90 million, thanks to significant growth on the Coinbase-incubated ethereum Layer2 network Base.EURC currently has a circulating supply of 91.8 million coins, which equates to a market cap of $99.2 million. Patrick Hansen, Circle's Senior Director of EU Strategy and Policy, posted on X: ‘EURC is the largest euro stablecoin by market cap and its dominance is growing. For the first time, it has surpassed the €90 million mark in circulating supply.’ Tether's euro stablecoin EURT, which is the second largest euro stablecoin after EURC, is said to have a current supply of 25.6 million, equivalent to a market capitalisation of $27.5 million.
