A nice reminder: there is not much time left before Bitcoin halving. During the event, the reward for creating a new block in this network will be reduced from the current 6.25 to 3.125 BTC.
The procedure itself is considered positive for the cryptocurrency industry. Still, it reminds about the limited supply of Bitcoin and regular decreases in the rate of issuance of the asset.
Recall, the reward per block drops by 50 percent every 210,000 blocks or approximately four years.
The average correlation of Bitcoin's exchange rate with the Nasdaq 100 stock index over the past six months is at 4 percent. At the same time, the result of Ethereum is higher and equals 14 percent.
So the behavior of the top cryptocurrencies in terms of market capitalization is still different.
Kaiko analysts have shared the rating of cryptocurrency liquidity at the end of the fourth quarter of 2023. The higher the result of a certain coin or token, the easier it is to conduct large transactions with it with little impact on the rate.
Well, the leader predictably turned out to be Bitcoin.
Yesterday, 723 thousand transactions were conducted in the Bitcoin network. This is a historical maximum in the history of the first cryptocurrency, which confirms its popularity among investors.
The hype around tokens related to the artificial intelligence industry continues. Their trading assets started to grow actively in mid-October and are now near their six-month high.
Tonight we are expecting another record of Bitcoin mining difficulty. Judging by the forecasts, the indicator will grow above the 67T mark, which means that mining BTC will be harder than ever.
Obviously, miners continue to work and want to mine as many coins as possible before the cryptocurrency halving in the spring of 2024.
This is how the rating of smart contracts in the Ethereum network looks like, whose users spent the most gas on transactions over the last month. As you can see, exchanges on the decentralized exchange Uniswap are especially to blame for the growth of commissions the day before.
The second place is occupied by ordinary transfers of coins and tokens.
