June 28, 2022 7:47 pm

A new social media platform Truthbook.social built by the people for the people, a force for good.

Bitcoin Soars Past $67K for the First Time As Ether Also Sets Record High

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

We are a not for profit Independent Media Group, which survives off donations. Even as little as $5 per month, from our generous readers. Please donate now, to help fund our work.

Bitcoin Soars Past $67K for the First Time As Ether Also Sets Record High

By London Times

Bitcoin, the oldest cryptocurrency, on Monday blew past $68,000 for the first time, hitting $68,382.60 during Asian hours trading.

The markets have been in a bull mode since the beginning of the October, as the crypto market in total has added nearly $1 trillion to its total value in just a month. At the press time, the total market capitalization of cryptocurrencies has reached near $3 trillion, according to data from CoinMarketCap.

As CoinDesk reported, bitcoin is widely perceived by many investors as a store of value asset like gold, making the crypto a haven as worries about inflation increase. Meanwhile, blockchain data from Glassnode shows that the number of unique wallets with a balance of more than zero bitcoin has returned to near 39 million, a number that’s close to a record high of 38.7 million in May.

At the same time, Glassnode noted in its weekly report on Monday that bitcoin’s balances on exchanges continued to drop, while Bitcoin mining hashrate, a measure of the total computational power being used to secure the Bitcoin blockchain, could return new all-time highs before the end of the year – after it plunged in July due to China’s crackdown in bitcoin mining.

Bitcoin was surging above $68,000 at around 05:00 a.m. UTC on Tuesday. Ether, the second-largest cryptocurrency by market capitalization, also set an all-time high, hitting $4,823.95, according to CoinDesk.

Ether’s surge came as reports show that the Ethereum network burned more ether than it issued for at least a week, after Ethereum’s London hard fork upgrade introduced a mechanism to burn a large portion of transaction fees, measured in ether, instead of sending them to miners. Burning means that the ether is permanently removed from the circulating supply.

Meanwhile, the concerns around Ethereum blockchain’s scalability and high transaction fees continued to move parts of the market’s attention to so-called Ethereum alternative tokens including solana (SOL), polkadot (DOT), terra (LUNA), and avalanche (AVAX).

Data from blockchain data firm Kaiko shows that Ethereum is losing market share to other popular layer 1 blockchains since the beginning of the year, as ether’s trading volume on Binance, the largest crypto exchange in the world, has fallen to 42% from 76% in the beginning of the year with the lost volume shifting to other layer 1 tokens.

Kaiko

“The recent [non-fungible token] fervor has again generated high transaction fees on the Ethereum blockchain, making alternate networks that solve for scalability concerns more attractive,” Kaiko wrote in its newsletter on Nov. 8.

Investing in cryptocurrency is highly profitable, and these days many companies have issued their own crypto-currencies. Learn more at Bitxchange

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

We are a not for profit Independent Media Group, which survives off donations. Even as little as $5 per month, from our generous readers. Please donate now, to help fund our work.

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Leave a Reply

Your email address will not be published.

Play Video

McIntyre Report
Political Talk Show

Jamie McIntyre
TruthBook.social Videos

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Current Price of Bitcoin 2.0
0.10 on Azbit

Nurses Speak Out

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Thank you for visiting the
Australian National Review

To continue accessing more articles for free simply enter your email address

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset and help us expose the Covid Fraudsters

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY