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weekly-roundup

Bitcoin Network Demand Model

Bitcoin Network Demand Model

Week 46 2021 The BTC Network Demand Model moves from 2/6 to 3/6 this week. The change in the model is triggered by a sudden burst of miner selling, although transactions appear to be plateauing. Transaction activity in the bitcoin network remains rangebound. As with any asset class,

Crypto Stocks Continue to Strengthen

Crypto Stocks Continue to Strengthen

ByteTree Market Health Update; Issue 100 I always enjoy Coinbase (COIN US) results as they give a good insight into the digital asset space. Q3 revenue came in at $1,234 million on customer assets of $255 billion. Not too shabby. They’ve hired 600 people in Q3 and now

Bitcoin Network Demand Model

Bitcoin Network Demand Model

Week 45 2021 The Bitcoin Network Demand Model remains at 2/6 and the Ethereum model at 5/5, both of which have been unchanged since the 14th October. Momentum has softened a fraction for bitcoin but remains strong for Ethereum. The short-term transaction series for bitcoin has been distorted

Bitcoin Network Demand Model

Bitcoin Network Demand Model

Week 44 2021 The Network Demand model remains at 2/6 for the third week running, with similar trends to those we have recently seen. Transaction activity remains healthy. Understandably, we have seen a small decline since the bitcoin price peaked on 20th October, but as the price consolidated, so

Ray Dalio Speaks on Bitcoin and Gold

Ray Dalio Speaks on Bitcoin and Gold

ByteTree Market Health Update; Issue 98 “I would take the gold…I would like to sprinkle a little bit of bitcoin into that mix too.” Speaking at the Future Investment Initiative Forum in Riyadh, when asked about what they would choose between dollars, some gold, or bitcoin to “put under

Bitcoin Network Demand Model

Bitcoin Network Demand Model

Week 43 2021 The Network Demand Model remains at 2/6 this week. The transaction volume trends remain very healthy, with both long- and short-term signals positive. As we’ve discussed before, the fee indicators take time to catch up, but the underlying momentum is constructive, especially if we look

Wall Street Buys Bitcoin as BITO Raises $550m on Day One

Wall Street Buys Bitcoin as BITO Raises $550m on Day One

ByteTree Market Health Update; Issue 97 The Bitcoin ETFs are coming to America, and the market is psyched. Some estimates see $50bn of potential demand via these new futures-based vehicles. If that money comes, this bull market will be unstoppable. Yesterday, the first of many Bitcoin futures ETFs was launched