Insights

In this note, we refresh several key on-chain metrics, examine Bitcoin’s performance vs. other asset classes, and describe several upcoming catalysts that suggest the bet is yet to come for the world’s largest cryptocurrency.

After a bearish several weeks for risk assets culminating in a particularly aggressive sell-off following Federal Reserve Chairman Jay Powell’s remarks in Jackson Hole Friday, Bitcoin is again trading below it’s 200-week moving average.

Bitcoin transaction fees are near all-time lows, despite significant user activity and price volatility. This curious Bitcoin phenomenon is a result of growing adoption of Bitcoin scaling technologies and best practices.

When Bitcoin miners work with mining pools, as the vast majority of them do, they communicate with the pools using a messaging protocol called Stratum V1, which organizes the creation of blocks and the submission of hashes by the miners.

In this report, we explain and assess methods for accounting for Bitcoin miners’ cost to mine a bitcoin. We also propose our own methodology, which we believe offers improvements over several other methods that exist in the market today.

“Taproot” is major upgrade for Bitcoin that brings scalability, privacy, and composability enhancements and activated on the Bitcoin network at block height 709,632, which was mined early Sunday morning, November 14, 2021. This is the first upgrade to …

Bitcoin became legal tender in the Central American nation of El Salvador this week, making it officially a sovereign currency.

News that a high-level Chinese government committee included a goal to “crack down on bitcoin mining and trading” in a policy outline Friday May 21 has created additional uncertainty for cryptocurrency markets following a significant correction.

Bitcoin’s price declined from an all-time high of $64,900 on Wednesday to an intraday low $51,707 on early Sunday.