Kaiko
Is Bitcoin a Safe-Haven Asset?
Data from Kaiko shows that recent escalation of the conflict in the Middle East has led to increased demand for safe-haven assets, but bitcoin has not benefited from this trend. The largest cryptocurrency by market cap saw its value drop 6% in April, while gold and the US dollar have rallied. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Crypto Fee War Intensifies in South Korea
According to Kaiko data, Upbit has been the dominant player in the South Korean crypto markets since 2021 with an average market share of 82%. Since exchanges started promoting their zero-fee campaigns, competition has intensified during the recent bull run. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Will the Next Bitcoin Halving Be a Sell-the-News Event?
Data from Kaiko shows that the short-term impact of previous halvings on bitcoin prices has been mixed, but long-term has been bullish with bitcoin returns ranging from 292% to over 8000% 12 months after the event. Will the upcoming halving be a sell-the-news event? CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Shows More Volatility Than Ether Ahead of Halving
Data tracked by Kaiko shows that the spread between bitcoin and ether’s annualized 30-day historical volatility has increased to the highest in at least a year. What are the catalysts for bitcoin’s increased volatility? CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Bitcoin to Gold Ratio Closing in on All-Time High: Kaiko
Data from Kaiko shows that the bitcoin to gold ratio, which measures the relative performance of the two assets, is getting close to its all-time high from November 2021, an indication that the largest cryptocurrency by market cap is outperforming gold. Does this mean that bitcoin will replace gold as the ultimate store of value? CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Current Bitcoin Bull Run Is Breeding Millionaire Whales Slower: Kaiko
According to data tracked by Kaiko, less than 2,000 millionaires, or wallets with $1 million worth of bitcoin, are created daily. The number is significantly lower than the last bull run, which bred over 4,000 millionaire wallets per day and over 2,000 wallets with a $10 million balance per day. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Only 13% of Bitcoin Transactions in 2024 Were Executed Over the Weekend: Kaiko
Data from analytics firm Kaiko shows that the share of bitcoin traded on weekends has declined significantly over the past six years, a suggestion of worsening liquidity conditions during the weekends. Only 13% of all bitcoin transactions between January 1 and February 20 were executed over the weekend in 2024. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Bitcoin Rally May Slow Amid Order-Book Imbalance
Bitcoin's price rally may face temporary resistance as the climb to a record high seems to have spurred profit-taking among BTC holders. Data tracked by Kaiko shows an imbalance between potential sellers and buyers in bitcoin's aggregated order book across 33 centralized exchanges. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Bitcoin's 'Sell The News' Pullback Came From Binance, OKX: Kaiko
Bitcoin (BTC) has come under pressure since spot exchange-traded funds (ETF) began trading in the U.S. last Thursday. Data tracked by Kaiko shows the selling pressure has been concentrated on Binance, the leading crypto exchange by trading volumes, and others. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
What Was Behind Last Week's Crash?
Bitcoin (BTC) dropped to the $40,000 level from around $45,000 last Wednesday after a flash crash. Data from Kaiko Research noted that the rise in price slippage on Jan. 2 suggested a worsening in bitcoin's liquidity. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."