FlowBank
en

1061 days ago

Bitcoin market dominance keeps declining

The past weeks have not only seen a large expansion of the market cap of ethereum but also of other coins such as Binance Coin, Dogecoin, Litecoin, Ethereum Classic, and others. This expansion has shifted the market cap of cryptocurrencies excluding Bitcoin and Ethereum and as well as stablecoins to a staggering $800bn with the share of bitcoin in the total crypto market falling steeply from around 60% to 45% over the past month. Source: JP Morgan, www.zerohedge.com 

Share of bitcoin as a percentage of cryptocurrencies total market cap

1061 days ago

Cryptocurrencies reach another milestone: their total market cap is now larger than US Paper in circulation
Cryptocurrencies vs US Commercial Paper in circulation

1061 days ago

Ethereum supply dynamics tell a compelling story for the future for the protocol

ETH on exchanges falls to 12.0% of circ. supply, as ETH in smart contracts rises to 22.8% @glassnode. 

Ethereum supply dynamics

1061 days ago

This is the 1st time since October last year that we see long-term holder position change* flipping green since October last year.

It looks like the new market entrants were behind the latest Bitcoin panic selling. * The monthly net position change of long-term holders, i.e. the 30 day change in supply held by long term holders. @glassnode

The monthly net position change of long-term holders, i.e. the 30 day change in supply held by long term holders.

1064 days ago

ICYMI 2021 has been a mad one for cryptocurrencies!

As this infographic shows, when comparing the 7-day average price with CoinDesk data from the end of 2020 to the most recent period in 2021, there has so far been very strong growth in value for a number of the higher profile cryptocurrencies. There have of course been fluctuations between January and May, some quite wild, but the overall trend for these coins, and plenty of others too, has been firmly upwards.

ICYMI 2021 has been a mad one for cryptocurrencies!
More live news
bg_newsletter

Client Positioning


CFDs are complex instruments and are not suitable for everyone as they can rapidly trigger losses that exceed your deposits. You should consider whether you understand how CFDs work. Please see our Risk Disclosure Notice so you can fully understand the risks involved and whether you can afford to take the risk.


This website is owned and operated by FlowBank S.A, a company regulated by the Swiss Financial Market Supervisory Authority (FINMA) and a member of esisuisse. The list of banks and securities firms authorized by FINMA can be accessed here. Depositor protection in Switzerland is provided by esissuisse for a maximum of CHF 100,000.- per client. Details concerning this protection system are explained at www.esisuisse.ch/en

FlowBank is affiliated with the Swiss Banking Ombudsman. Therefore, if you wish to initiate a mediation procedure with the Swiss Banking Ombudsman after your complaint to FlowBank, please contact the Ombudsman according to the instructions provided on its website: https://bankingombudsman.ch/en/

 

The information on this site is not directed at residents of the United States, Belgium, Canada, or any person in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations.

 

Trading Forex and other leveraged products carries high risks and may not be apt for everyone. Before you consider trading these instruments please assess your experience, goals, and financial situation. You could lose your initial investment, so don't use funds you can't afford to lose or that are essential for personal or family needs. You can consult a licensed financial advisor and ensure you have the risk tolerance and experience.


Apple, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

FlowBank S.A, Esplanade de Pont-Rouge 9, 1211 Geneva 26, Switzerland
FlowBank S.A, Seidengasse 20, 8001 Zurich, Switzerland