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Miners are still under significant pressure, as indicated by Bitcoin Hash Ribbons
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🔝 Top assets in the accumulation zone: $GNO $OSMO #XCH #Orca $DAR Accumulation phase is signalled the assets's performance and key metrics in this phase, trading volumes are significantly higher than usual.
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📈 $SOL Solana surpassed all Tier 1 blockchains combined in trading volume on DEX in 24 hours
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📊 Total $BTC transaction fees spiked today from 0.5 to 60 Bitcoin on an hourly basis. This was related to transactions looking to stake Bitcoin on #Babylon staking protocol. Total staking was capped at 1K Bitcoin so people rushed to stake and paid high fees. Each staking transaction was for 0.05 Bitcoin. The staking is over, fees and transactions have eased.
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📊👀 $BTC Dominance has surged from 38% in Nov 2022 to a notable 56% today. Meanwhile, $ETH , the second-largest asset, saw its dominance decline by 1.5%, remaining relatively stable over the past two years. In contrast, Stablecoins and the broader Altcoin sector experienced more significant declines of 9.9% and 5.9%, respectively. 🟠Bitcoin Dominance: 38.7% (Nov 2022) —> 56.2% (Current) 🔵Ethereum Dominance: 16.8% —> 15.2% 🟢Stablecoin Dominance: 17.3% —> 7.4% 🟣Altcoin Dominance: 27.2% —> 21.3%
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📈 $SUI The recent launch of the Mysticeti Upgrade drove the Sui Network to its highest level of positive weighted sentiment to date.
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