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“The recent pullback resulted from the broader market tightening in Japan’s economic policies, where the central bank’s hawkish stance shifted to surprisingly raise interest rates,” Lucy Hu, senior analyst at Metalpha, explained in a Telegram message. “The bearish macro data in the U.S. sent investors worrying about a possible recession.”
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United States federal government agency the Securities and Exchange Commission (SEC) announced in a press release it sent to CoinReport the agenda for the financial technology (fintech) forum that its staff is hosting on May 31 to discuss digital assets and distributed ledger technology. The SECR… The post SEC staff announces FinTech Forum agenda appeared first on CoinReport.
There are a number of differing metrics analysts use to determine the health of the Bitcoin ecosystem. Hash rate and transactions are two of the most popular but distribution in terms of the number of addresses can also be used to determine adoption rates. Bitcoin Addresses Increasing Over the past two years the number of BTC addresses has surged indicating that the asset is undergoing greater adoption. The largest gain is the number of addresses with less than a million satoshis which also suggests a more even distribution that is not just a few whales or large exchanges. According to director of research at The Block, Larry Cermak, this is a very bullish metric. “This is probably the most bullish chart on Bitcoin I’ve seen to date. …