Digital Currency
Add as a preferred source on GoogleThe latest count follows five straight weekly closes above the measure through Oct. 18. Separately, a cryptocurrency exchange was affected by a hack involving more than $6 billion.
Bitcoin (BTC) recorded a seventh consecutive weekly close above its 50-week moving average, extending a run that followed 44 weeks below the benchmark, according to Galaxy Research’s earlier analysis.
The latest count builds on five straight weekly closes above the average through Oct. 18. EconoTimes previously covered Galaxy Research’s accumulation-phase assessment, which included that earlier tally.
Separately, a cryptocurrency exchange was affected by a hack involving more than $6 billion.
BlockchainCenter’s Oct. 30 reading was 34 points below its 75-point altcoin-season threshold, while the current gap remained 87 days short of the recorded high.
Alternative.me uses Bitcoin (BTC) market data and online signals in its calculation; its survey component is paused.
CEX spot volume was $1.13 trillion, up 27.3% during the month; DEX volume reached $279 billion.
