The digital asset dipped below $107K on Thursday as concerns over excess investment in AI by tech giants triggered a stock market selloff. Bitcoin Slides as Anxiety Over an AI Bubble Roils Stock Markets Alphabet and Meta will shell out roughly $93 and $72 billion, respectively, for artificial intelligence (AI) development in 2025. Microsoft has […]
CoreWeave has been trying to acquire Core Scientific for over a year in one of the most-watched M&A deals in crypto.
During a quarter when prices reached several record highs, central banks stepped up their purchases to reach 220 tonnes from July to September. The number represents an acceleration compared to Q2 numbers, which only registered 166 tonnes. These institutions have added 634 tonnes YTD. Central Banks Purchased 220 Tonnes of Gold During Q3 The Facts […]
Bitcoin has struggled to reclaim the short-term holder Realized Price, a key on-chain level. Here’s where the next major support line lies for the asset. Bitcoin Has Again Dipped Below STH Realized Price In its latest weekly report, on-chain analytics firm Glassnode has discussed about some key Realized Price levels for Bitcoin. The “Realized Price” here refers to an indicator that measures the cost basis of the average investor or address on the BTC network. Related Reading: XRP Indicator That Nailed Recent Reversals Has Flashed Again When the metric is trading above the asset’s price, it means the holders as a whole are sitting on a net unrealized profit. On the other hand, it being below the spot BTC value implies the dominance of loss on the blockchain. The Realized Price of the entire network is generally not useful, as often, the cryptocurrency’s price trades significantly over it. The reason behind this lies in the fact that a notable part of the asset’s supply has been dormant for years, possessing a cost basis far below today’s price. In fact, a chunk of this dormant supply will never return to circulation, as the wallets holding such tokens have had their keys become permanently inaccessible. To account for this, Glassnode came up with the “Active Realized Price,” a metric that only tracks the cost basis of the supply that can be considered economically active. Below is the chart shared by the analytics firm that shows how the Realized Price and Active Realized Price of Bitcoin have changed since the last bull market. As is visible in the graph, Bitcoin last interacted with the Realized Price in 2023. Since finding a rebound at it back then, the coin has only moved away from the line. The cryptocurrency has been trading much closer to the Active Realized Price since breaking above it in late 2023, but even in its case, the gap is still notable. A version of the indicator that BTC regularly interacts with, however, is the third type listed on the chart: the short-term holder cost basis. Short-term holders (STHs) refer to the Bitcoin investors who purchased their coins within the past 155 days. This cohort represents the recent buyers, who can be reactive to changes in the market. The Realized Price of the group, which is often considered a divider between bullish and bearish trends, is currently located at $113,100. Bitcoin first fell below this mark during its crash earlier in the month, but the recovery surge took it back above the line. Though the latest retracement has once again brought the asset under it. “Over the past two weeks, Bitcoin has struggled to close a weekly candle above this key level, raising the risk of further weakness ahead,” noted Glassnode. The next on-chain support level is the Active Realized Price, currently valued at $88,000. Related Reading: Bitcoin Cost Basis Map Reveals Key War Zone Between Bulls & Bears It now remains to be seen whether BTC can recover above the STH Realized Price, or if a deeper correction is coming. BTC Price Bitcoin has fallen by nearly 3% during the past day, with its price coming down to the $109,900 level. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
This content is provided by a sponsor. PRESS RELEASE. Las Vegas, NV — October 30, 2025 — Frax announced this week the public launch of FraxNet, an account-based platform that lets anyone—institutions, individuals, businesses, and developers—mint, redeem, and earn on their stablecoin frxUSD across 20+ blockchains. FraxNet is open for sign-ups today, with self-serve onboarding, […]
I’m 0xJoshua, Founder and CEO of Azos Labs. My co-founder u/c0mput3rxz and I are building Azos Finance to make money green again. Inspired by Rune’s “Case for Clean Money,” we took a fork of r/MakerDAO and replaced the collateral with climate-impact RWAs like carbon credits, green bonds, and renewable energy debt. Azos is live on…
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According to onchain data, Elon Musk’s Space Exploration Technologies Corp., better known as SpaceX, shuffled 281 BTC — roughly $31.2 million — to a mystery wallet. Elon Musk’s SpaceX Sends Bitcoin Into Deep Space, Onchain Detectives on the Case SpaceX has been quietly shuffling its bitcoin stack, and the latest move was flagged by onchain […]
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Shiba Inu’s effort to grow beyond being a meme coin is struggling. Its blockchain network, Shibarium, was created to bring real use and value to the project, but it has not gained much attention or activity. Developer interest and user engagement are very low, and the network’s overall growth has slowed down sharply. Recent network issues, including technical troubles and security problems, have made things worse. Many users have left, and new projects are not joining. As a result, Shibarium now shows very little activity, leading many in the crypto community to call it a “ghost chain.” Shiba Inu’s Struggle To Evolve Beyond A Meme Coin Shiba Inu tried to change its image from a simple meme coin into a real blockchain project capable of competing with other networks. The team launched Shibarium, a layer-2 blockchain, in 2023 to help make this move. However, this plan has not worked as expected, with Shibarium failing to attract developers, projects, or users and gaining no market share. Related Reading: XRP At $1,000 Is Peanuts If Used To Clear US National Debt; Pundit Explains According to data from DeFi Llama, Shibarium has only 18 developers since it began. It is a much lower number than on other blockchains, which have hundreds or even thousands of active developers. The total value locked (TVL) on the network, which shows how much money people have invested in it, has fallen to just $878,000. Shibarium has also failed to attract any stablecoins, which are among the most widely used tokens in decentralized finance. Not a single stablecoin project has deployed on the network, reflecting Shibarium’s lack of presence in one of the most critical areas of the crypto world. Other newer and more active layer-2 networks like Base, Arbitrum, Plasma, and Linea have already moved far ahead, leaving Shibarium behind. Hacks And The Decline Of Shibarium Network Activity Things got worse for the network when ShibaSwap, the most popular decentralized app (dApp) on the Shibarium network, was recently compromised. The attack eroded user confidence and forced developers to pause a key bridge connecting Shibarium to other networks. Even with the bridge now active, most of the network’s activity stopped. Many users could not move their tokens or use apps, making the network almost entirely silent. Related Reading: Here’s Why The XRP Price Still Isn’t Bearish Despite The 50% Flash Crash Because of this drop in network activity, Shibarium is no longer helping burn SHIB tokens. Typically, a portion of network transaction fees goes toward buying and burning Shiba Inu tokens, helping reduce supply and support the token’s price. But now, with very few transactions, the burn process has slowed down significantly. The decline in users, developers, and activity are indicators that Shibarium’s dream of becoming a strong, useful blockchain has not come to fruition. Instead of growing into a central crypto platform, it has become what some would call the real ghost chain. Featured image created with Dall.E, chart from Tradingview.com
With the end of October approaching, Senate Republicans are in danger of going back on their previously announced deadline for a significant cryptocurrency bill.
