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BlackRock's spot bitcoin ETF product IBIT recorded its first-ever day of outflows on Wednesday, with $36.9 million exiting the fund. According to data source Farside Investors and CoinGlass, the 11 spot BTC products in the U.S. saw a cumulative net outflow of $563.7 million, the largest since the funds began trading in January. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

May 2, 2024

Bitcoin (BTC) appears on track to end a seven-month winning streak but the largest token by market value is likely to become more dominant in the crypto market, according to a note from Fairlead Strategies to its clients. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 30, 2024

Data from Kaiko shows that recent escalation of the conflict in the Middle East has led to increased demand for safe-haven assets, but bitcoin has not benefited from this trend. The largest cryptocurrency by market cap saw its value drop 6% in April, while gold and the US dollar have rallied. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 25, 2024

Which blockchains are scoring the most active addresses in March? Data tracked by Nansen shows that active addresses on Base increased by 160% while Solana, Ronin and Linea are all seeing growth of over 50%. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 19, 2024

CryptoQuant warns that USDe holders should monitor Ethena's reserve fund to avoid risk. In the event of negative funding rates, the firm says Ethena's current reserve fund would only be sustainable if USDe's market cap was below $4 billion. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 18, 2024

According to Kaiko data, Upbit has been the dominant player in the South Korean crypto markets since 2021 with an average market share of 82%. Since exchanges started promoting their zero-fee campaigns, competition has intensified during the recent bull run. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 17, 2024

10X Research founder Markus Thielen, the analyst who predicted the recent surge to record highs, has turned bearish on risk assets, including tech stocks and cryptocurrencies. Thielen said in a note to clients that the firm’s "growing concern is that risk assets are teetering on the edge of a significant price correction." CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 16, 2024

According to IntoTheBlock’s large holder netflow indicator, addresses owning at least .1% of bitcoin’s circulating supply have added just over 3000 bitcoins or 198 million dollars today. What does the lack of whale participation in the recovery mean for the cryptocurrency? CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 15, 2024

A recent crypto compensation report from Dragonfly surveyed 49 portfolio companies in 2023, and found that most crypto companies are paying employees in fiat over crypto. Nevertheless, U.S.-based companies were more likely to pay international contractors in crypto like USDC. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 12, 2024

Data from Kaiko shows that the short-term impact of previous halvings on bitcoin prices has been mixed, but long-term has been bullish with bitcoin returns ranging from 292% to over 8000% 12 months after the event. Will the upcoming halving be a sell-the-news event? CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Apr 10, 2024