• Bitcoin miners' holdings hit two-year high
• A “critical bug” has left 13% of Ethereum nodes useless
The cryptocurrency market has taken a breath during the past week with some downside recently. However, according to blockchain data, large market participants are still in an accumulation mode, which may mean that they expect further price increases. Meanwhile some of the tokens affiliated with the DeFi space posted good results which is reflected in increasing trade volumes on decentralized exchanges. Bitcoin's market dominance increased to 59.1%. The capitalization of all digital assets in circulation reached over 357 billion, while an average daily trading volume is registered at $99 billion.
Bitcoin Miners' holdings reached almost 2 million BTC
The amount of bitcoins currently held by miners is at the highest level in the last two years. According to the addresses of wallets tracked by Glassnode, miners own over 1.82 million BTC. The data also shows that the percentage of all bitcoins that have been inactive for at least a year is rising after hitting four-year highs in June. One potential reason for this behavior is equipment rotation as miners order, pick up and deploy new machines in their operations. This process, according to the vice president of strategy at data center and mining infrastructure company GRIID, Harry Sudock, takes about six months and means fewer coins have to be sold to cover operating costs.
Bitcoin price has barely changed since the beginning of the day despite wild gyrations on Thursday, following Fed's Powell speech. Currently Bitcoin is testing local resistance at $11 400. Breaking above it may lead to a bigger upward movement towards key resistance at $12 000. On the other hand, if sellers will manage to regain control, the support at $11 000 may be at risk. Source: xStation5Fatal error in Ethereum nodes
A “critical bug” in Parity-Ethereum and OpenEthereum versions 2.7 and later made 13% of Ethereum nodes useless as it stops nodes from syncing with the network's latest block. The experts noted that such bugs are an issue as it takes too much time to fix them. Also, the experts noted that they put additional strain on the most popular client, Geth, and makes the network even more centralized.
Ethereum price is testing upper limit of the downward channel which is additionally strengthened by 50 MA (green line). Should a break above resistance at $407.67. However if sellers manage to halt advance here, another downward impulse may be on the cards. Local support is located at $360.94. Source: xStation5This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
