Smart Bitcoin
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Independent media about the blockchain industry.
A comprehensive overview of the news, author's materials. Openly, honestly and on examples about crypto-invoicing.

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NYDIG analysts note a gradual increase in the dominance of Bitcoin in the total capitalization of all cryptocurrencies. This trend has been especially noticeable since the second half of 2022.

Apparently, some investors perceive BTC as a safer bet in the current environment. This has also become relevant given the rhetoric from SEC officials that many cryptocurrencies may be recognized as securities.

This is tentatively not the case with Bitcoin.
Since the beginning of February 2023, the number of cryptocurrencies worldwide has decreased by 1,070 units to 37,381 devices. Obviously, the demand for digital assets, given the bearish trend, is not the best right now, so operators of such devices are trying to reduce their own costs.

Such is the trend.
The last week turned out to be almost neutral in terms of the influx of funds into investment cryptocurrency products. According to CoinShares analysts, the overall figure was still negative, and the volume of outflows was $2 million.

Obviously, investors didn't really understand what to expect from the coin market next. Therefore they acted accordingly.
Bitcoin miners' returns in February 2023 came close to the $600 million mark. This is the highest figure since September 2022. So the industry is slowly recovering after all the events of last year, and cryptocurrency transactions are more active.
On March 31, the largest expirations in bitcoin and ether options will take place.
CryptoQuant: there was a distribution from weak to strong hands and now the lion's share of BTC supply is again controlled by "long term" holders = historically bullish
137,890 Bitcoin Payout For Mt Gox Creditors; BTC Sell off Ahead?

https://bit.ly/3yerIQ7
Meanwhile, Bitcoin addresses with less than 100 BTC had 40 percent of all coins in circulation. This was the first time since 2011, indicating the popularity of cryptocurrencies among relatively small investors.

Experts speculate that with the closure of Silvergate Bank this week, owners of large capital may now find it harder to get involved with digital assets.
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Breaking: US Fed Prints $300 Billion, Bitcoin Price And Ethereum To Rally

https://bit.ly/3YRerYB
Kaiko analysts note that Bitcoin's share of trading with Stablecoin (orange) versus fiat (blue) is now at an all-time high. The figure stands at 87.5 percent.

In this case, the staples included USDT, USDC, BUSD and DAI, while the fiat currencies included USD, GBP, BRL, TRY, KRW and JPY.
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March is getting better for Bitcoin - and the cryptocurrency market in general. Although January is still much more profitable πŸ€©πŸš€
Glassnode analysts note a significant increase in the number of transactions in the Bitcoin network (orange). According to experts, this activity is not related to cryptocurrency exchanges, that is, deposits and withdrawals of BTC from them.

Accordingly, transfers are made by ordinary users who interact with each other and conduct transactions with trending NFTs called Ordinals.
Developers on the Ethereum Core team have confirmed a date for a Shapella/Shanghai update to the Ethereum network that will allow ETH to be taken out of stacking. The update will take place on the night of April 12-13, 2023 on epoch number 194048. The information is confirmed on the Ethereum blog, so now we are definitely waiting.
Breaking: Australia Introduces Crypto Market Regulation Bill In Parliament

https://bit.ly/3lJKQD7
According to blockchain analysts, after the CFTC filed a lawsuit against Binance, the cryptocurrency exchange withdrew the equivalent of more than $2.2 billion in coins and tokens. At the same time, crypto-assets worth 1.3 billion were added to the exchange during this period.

So platform users are clearly not panicking. In addition, at the end of 2022, amid rumors about the alleged insolvency of Binance, much larger volumes of coins were withdrawn from it.
From the launch of an Ethereum PoS network called the Beacon Chain in December 2020 until the end of March 2023, Eth blockchain validators have earned more than 1.1 million ethers in rewards for their work. Here's the corresponding graph from analysts at Delphi Digital.