Mrconfamm 2025-08-30 17:52
$JU Touch new ATH
$JU/USDT just hit new ATH: $22
Road to $50
#cryptocurrency #blockchain #JU
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Mrconfamm
2025-08-30 17:54
$JU Touch new ATH
[{"type":"paragraph","children":[{"text":""},{"type":"coin","currencyId":128,"currency":"ju","symbolId":73,"symbol":"ju_usdt","logo":"https://storage.jucoin.online/1/currency/1d65fee7-d667-460b-909c-10ad131f4955-1737703580114.png","fullName":"JU","character":"JU/USDT","children":[{"text":""}]},{"text":" just hit new ATH: $22"}]},{"type":"paragraph","children":[{"text":"Road to $50 "}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" #JU "}]}]
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ETH Leads Market Gains as Crypto Sentiment Strengthens – December 4, 2025[{"type":"paragraph","children":[{"text":"Crypto markets extended their upward momentum on December 4, with sentiment improving markedly. Over the past 24 hours, total liquidations reached "},{"text":"$159.39 billion","bold":true},{"text":", while the Fear & Greed Index climbed to "},{"text":"27","bold":true},{"text":", the strongest reading this month and a clear sign that risk appetite is returning. "},{"type":"link","url":"https://blog.jucoin.com/what-is-bitcoin-btc-decentralized-cryptocurrency/","children":[{"text":"Bitcoin"}]},{"text":" ("},{"type":"link","url":"https://www.jucoin.com/en/trade/btc_usdt?utm_source=blog","children":[{"text":"BTC"}]},{"text":") rose "},{"text":"1.65%","bold":true},{"text":" to "},{"text":"$93,436.56","bold":true},{"text":", trading between a high of "},{"text":"$94,128.43","bold":true},{"text":" and a low of "},{"text":"$91,711.64","bold":true},{"text":". "},{"type":"link","url":"https://blog.jucoin.com/what-is-ethereum-eth-smart-contracts-dapps/","children":[{"text":"Ethereum"}]},{"text":" ("},{"type":"link","url":"https://www.jucoin.com/en/trade/eth_usdt?utm_source=blog","children":[{"text":"ETH"}]},{"text":") posted a notably stronger performance, jumping "},{"text":"6.39%","bold":true},{"text":" to "},{"text":"$3,205.69","bold":true},{"text":", with intraday movement ranging from "},{"text":"$3,239.93","bold":true},{"text":" to "},{"text":"$3,010.20","bold":true},{"text":"."}]},{"type":"paragraph","children":[{"text":"Derivatives positioning reflected this shift in sentiment. BTC recorded "},{"text":"49.76% longs","bold":true},{"text":" versus "},{"text":"50.24% shorts","bold":true},{"text":", while ETH saw a more favorable "},{"text":"50.62% long","bold":true},{"text":" ratio, reinforcing its leadership in the recent market recovery. Several altcoins also delivered impressive gains, including "},{"type":"link","url":"https://www.jucoin.com/en/trade/sapien_usdt/?utm_source=blog","children":[{"text":"SAPIEN/USDT"}]},{"text":" with "},{"text":"+59.23%","bold":true},{"text":", "},{"type":"link","url":"https://www.jucoin.com/en/trade/sly_usdt/?utm_source=blog","children":[{"text":"SLY/USDT"}]},{"text":" with "},{"text":"+49.17%","bold":true},{"text":", and "},{"type":"link","url":"https://www.jucoin.com/en/trade/robo_usdt/?utm_source=blog","children":[{"text":"ROBO/USDT"}]},{"text":" with "},{"text":"+36.30%","bold":true},{"text":", indicating continued capital rotation into higher-beta assets."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"In broader industry developments, Binance users were granted permission by the court to reopen a lawsuit related to "},{"text":"$80 million in stolen Bitcoin","bold":true},{"text":", bringing exchange security back into the spotlight. Trump’s nominees for the CFTC and FDIC advanced further in the confirmation process, potentially reshaping the crypto regulatory environment in the United States. Ethereum successfully activated the Fusaka upgrade, significantly enhancing data processing capabilities across the network and supporting future scalability. Bloomberg reported that crypto M&A volume has surpassed "},{"text":"$8.6 billion","bold":true},{"text":" this year, setting a new record and signaling strong institutional engagement. Additionally, the US SEC Chairman noted that legislation concerning Bitcoin’s market structure is nearing approval, marking a key milestone in the maturation of regulatory oversight."}]},{"type":"paragraph","children":[{"text":"With ETH driving market strength and positive developments emerging across regulatory, institutional, and technical fronts, crypto markets enter early December with renewed momentum and growing confidence."}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"finance","children":[{"text":""}]},{"text":" "}]}]
🏆 BlackRock Releases Cryptocurrency Report – “This Event Will Ignite Cryptocurrencies”.[{"type":"paragraph","children":[{"text":"BlackRock's 2026 market outlook report says the fragility of the U.S. economy and projections that the federal debt will surpass $38 trillion will weaken the hedges used by long-term Treasury bonds, which form the basis of traditional finance."}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"The world's largest asset manager argues that this environment will quickly push Wall Street giants towards digital assets, particularly Bitcoin."}]},{"type":"list-item","children":[{"text":"The report noted that rising public debt has created significant vulnerabilities in the financial system. BlackRock states that high debt “increases the risk of sudden interest rate shocks stemming from fiscal concerns or political tensions between managing inflation and servicing debt.” "}]},{"type":"list-item","children":[{"text":"The diminishing effectiveness of long-term US bonds is leading institutions to consider alternative assets as more potent hedges."}]},{"type":"list-item","children":[{"text":"The winner in this scenario, according to BlackRock, is cryptocurrencies. BlackRock's $100 billion Bitcoin ETF allocation has become one of the company's largest revenue streams, while analysts predict that Bitcoin could surpass $200,000 next year as institutional demand accelerates."}]},{"type":"list-item","children":[{"text":"The BlackRock report describes this transformation as “a modest but significant step toward a tokenized financial system.” CEO Larry Fink states that tokenization represents the next generation of financial markets, arguing that digital assets provide the infrastructure needed for private lending and asset management."}]},{"type":"list-item","children":[{"text":"The report conveys a clear message: “Where government debt falls short, the digital economy begins.”"}]},{"type":"list-item","children":[{"text":"Stablecoins are also emerging as a bridge element of this new architecture. Samara Cohen, BlackRock's global head of market development, said that stablecoins are no longer an outlier but have become the primary link between traditional finance and digital liquidity."}]}]},{"type":"paragraph","children":[{"text":"The report also notes that the AI revolution is driving energy demand upwards. BlackRock states that the AI ecosystem is now limited to “power, not chips,” and that demand could reach up to 20% of current US electricity consumption by 2030. BTC miners are among those benefiting most from this process. Many publicly traded mining companies have increased their revenue not only from Bitcoin mining but also from leasing GPU-intensive data center capacity to AI companies."}]},{"type":"paragraph","children":[{"text":"\n"},{"type":"topic","character":"BlackRock","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"technical analysis","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":7,"currency":"btc","symbolId":6,"symbol":"btc_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/btc.png","fullName":"Bitcoin","character":"BTC/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":8,"currency":"eth","symbolId":7,"symbol":"eth_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/eth.png","fullName":"Ethereum","character":"ETH/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":128,"currency":"ju","symbolId":73,"symbol":"ju_usdt","logo":"https://storage.webstatic.cc/1/currency/3908d2d8-94c4-4db9-9fc5-9a5bdaae5860-1758872417826.png","fullName":"JU","character":"JU/USDT","children":[{"text":""}]},{"text":" "}]}]
BTC and ETH Surge as Market Sentiment Improves Sharply – December 3, 2025[{"type":"paragraph","children":[{"text":"Crypto markets rallied strongly on December 3, marking one of the most notable reversals of the month. Over the past 24 hours, total liquidations reached "},{"text":"$156.82 billion","bold":true},{"text":", yet the Fear & Greed Index climbed to "},{"text":"22","bold":true},{"text":", reflecting a meaningful recovery in sentiment after several sessions of pressure. "},{"type":"link","url":"https://blog.jucoin.com/what-is-bitcoin-btc-decentralized-cryptocurrency/","children":[{"text":"Bitcoin"}]},{"text":" ("},{"type":"link","url":"https://www.jucoin.com/en/trade/btc_usdt?utm_source=blog","children":[{"text":"BTC"}]},{"text":") rose "},{"text":"6.05%","bold":true},{"text":" to "},{"text":"$91,865","bold":true},{"text":", with a trading range between a high of "},{"text":"$92,298.59","bold":true},{"text":" and a low of "},{"text":"$86,215","bold":true},{"text":". "},{"type":"link","url":"https://blog.jucoin.com/what-is-ethereum-eth-smart-contracts-dapps/","children":[{"text":"Ethereum"}]},{"text":" ("},{"type":"link","url":"https://www.jucoin.com/en/trade/eth_usdt?utm_source=blog","children":[{"text":"ETH"}]},{"text":") outperformed with a "},{"text":"7.44%","bold":true},{"text":" daily gain, closing at "},{"text":"$3,010.92","bold":true},{"text":", while swinging between "},{"text":"$3,032.98","bold":true},{"text":" at the high and "},{"text":"$2,782.49","bold":true},{"text":" at the low."}]},{"type":"paragraph","children":[{"text":"Derivatives positioning signaled a gradual shift from caution toward optimism. BTC long positions accounted for "},{"text":"49.71%","bold":true},{"text":" compared with "},{"text":"50.29%","bold":true},{"text":" shorts, while ETH saw "},{"text":"50.28% longs","bold":true},{"text":" against "},{"text":"49.72% shorts","bold":true},{"text":", showing a balanced but improving risk appetite. Several tokens posted exceptional gains, including "},{"type":"link","url":"https://www.jucoin.com/en/trade/pieverse_usdt/?utm_source=blog","children":[{"text":"PIEVERSE/USDT"}]},{"text":" with "},{"text":"94.61%","bold":true},{"text":", "},{"type":"link","url":"https://www.jucoin.com/en/trade/orec_usdt/?utm_source=blog","children":[{"text":"OREC/USDT"}]},{"text":" with "},{"text":"55.99%","bold":true},{"text":", and "},{"type":"link","url":"https://www.jucoin.com/en/trade/vel_usdt/?utm_source=blog","children":[{"text":"VEL/USDT"}]},{"text":" with "},{"text":"47.65%","bold":true},{"text":", highlighting pockets of strong speculative momentum."}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":"Macro and protocol-level developments also shaped market sentiment. The probability of a "},{"text":"25 bps rate cut","bold":true},{"text":" at the December Federal Reserve meeting rose to "},{"text":"89.2%","bold":true},{"text":", fueling expectations of easing liquidity. Trump signaled that Hassett may be the next Federal Reserve Chair, increasing attention on future monetary policy direction. On-chain activity improved as Ethereum mainnet gas fees fell to "},{"text":"$0.02","bold":true},{"text":", even lower than some L2 networks, making interactions significantly cheaper. The Aave community proposed adjustments to its V3 multi-chain deployment strategy, including changes to reserve coefficients for underperforming networks. Elon Musk added further intrigue by suggesting that a "},{"text":"$38.3 trillion “crisis”","bold":true},{"text":" could ultimately drive Bitcoin prices sharply higher."}]},{"type":"paragraph","children":[{"text":"With BTC and ETH staging powerful rebounds and macro conditions showing signs of easing, market sentiment is strengthening rapidly. As year-end approaches, traders are increasingly optimistic that the recovery may continue into December’s final stretch."}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"technical analysis","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"finance","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Bitcoin","children":[{"text":""}]},{"text":" "}]}]
😱 Bitcoin in a Death Cross: How Low Will We Go?📛📛[{"type":"paragraph","children":[{"text":"Bitcoin bags are getting blown out today, as the price of BTC falls to nearly $80,000 and marks a new seven-month low."}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"The continued downward pressure on its price has pushed Bitcoin into a so-called death cross—when the average price of an asset over the short term falls below the average price over the long term. It’s a technical pattern that typically signals extended bearish momentum. For traders who study charts, it confirms what permabulls don’t want to hear: It’s over—at least for now."}]},{"type":"list-item","children":[{"text":"It’s happening as the crypto market as a whole shrinks to $2.91 trillion, shedding nearly $60 billion in the past 24 hours alone. Almost every single coin in the top 100 by market cap is bleeding red."}]},{"type":"list-item","children":[{"text":"The Fear and Greed Index, which measures market sentiment on a scale from 0 to 100, has cratered to 14 points—just four points above the year's low of 10 back in February. When this index drops below 20, it signals \"extreme fear,\" and right now, traders are absolutely terrified."}]},{"type":"list-item","children":[{"text":"But it's not just crypto drama driving the market selloff. The macro picture is turning nasty. Just weeks ago, markets were pricing in a 97% chance the Federal Reserve would cut interest rates in December. Now? Those odds "},{"type":"link","url":"https://www.cbsnews.com/news/federal-reserve-december-2025-rate-cut-probability-fomc-meeting-economy/","children":[{"text":"have collapsed"}]},{"text":" to somewhere between 22% and 43%, depending on which metric you check."}]},{"type":"list-item","children":[{"text":"Fed officials are openly divided, with many signaling they'd prefer to keep rates unchanged through year-end. For risk assets like crypto that thrive on easy money, this is poison."}]},{"type":"list-item","children":[{"text":"On Myriad, a prediction market developed by "},{"text":"Decrypt","italic":true},{"text":"’s parent company Dastan, traders are now overwhelmingly convinced that Bitcoin will not mark a new all-time high this year, placing odds at "},{"type":"link","url":"https://bnb.myriadprotocol.com/markets/another-btc-ath-during-2025","children":[{"text":"almost 90%"}]},{"text":" that BTC will not top the $126K mark that it hit on October 6."}]},{"type":"list-item","children":[{"text":"The bearish vibes are so strong, Myriad traders also currently place "},{"type":"link","url":"https://myriad.markets/markets/bitcoin-s-next-move-pump-to-100k-or-dump-to-69k","children":[{"text":"40% odds that Bitcoin falls"}]},{"text":" as low as $69K. So how low will it go? Here’s what the charts say."}]},{"type":"list-item","children":[{"text":"Bitcoin opened today at $86,691 and immediately sold off, hitting an intraday low of $80,620 before bouncing slightly to its current price at $85,187. That's a 1.61% drop on the day after being almost 5% down over the last 24 hours. More importantly, for traders, it further confirms the death cross pattern that's been progressively forming since its all-time high in early October. The death cross pattern was "},{"type":"link","url":"https://decrypt.co/349257/bitcoin-ethereum-death-cross-price-analysis","children":[{"text":"first confirmed on Wednesday"}]},{"text":" as Bitcoin slid to around $88,000—now it’s fallen deeper."}]},{"type":"list-item","children":[{"text":"Here's what's happening on the charts: Exponential Moving Averages, or EMAs, help traders identify trend direction by tracking the average price of an asset over the short, medium, and long term. When the short-term 50-day EMA falls below the longer-term 200-day EMA, it means bears are in control and the longer-term bull market structure has been broken."}]},{"type":"list-item","children":[{"text":"For Bitcoin, the 50-day EMA has now decisively crossed below the 200-day EMA. In short, this tells traders market momentum has shifted from bullish to bearish. The gap between both EMAs increases the more the price of BTC trades below those targets—and the bigger the gap, the stronger the trend."}]},{"type":"list-item","children":[{"text":"The price of Bitcoin is now trading well below both EMAs, which creates a situation where each bounce attempt faces immediate resistance, increasing the gap between the two EMAs, making the bearish trend even stronger. Bulls trying to push higher will need to first reclaim the 50-day EMA, then tackle the 200-day—a double wall of resistance that's historically tough to crack in one go."}]},{"type":"list-item","children":[{"text":"As for other technical indicators, the Average Directional Index, or ADX, sits at 41, which is considered \"strong.\" ADX measures trend strength regardless of direction, with readings above 25 indicating a clear trend is in place. At 41, this tells us we’re not seeing just a minor correction, but a potentially extended move lower."}]},{"type":"list-item","children":[{"text":"The Relative Strength Index, or RSI, has plunged to 23.18, placing Bitcoin deep in oversold territory. RSI measures momentum on a scale from 0 to 100, with readings below 30 signaling oversold conditions where assets are potentially undervalued. However, \"oversold\" doesn't mean the selling has to stop—in strong downtrends, RSI can remain in oversold territory for extended periods as prices continue grinding lower. But, yes, this also provides hopium for momentum traders as it signals that the worst of it may be over. (The worst being an accelerated crash, not necessarily a steady drop.)"}]},{"type":"list-item","children":[{"text":"The Squeeze Momentum Indicator is flashing \"bearish impulse,\" meaning selling pressure is intensifying rather than easing. Meanwhile, the Volume Profile Visible Range (VPVP) shows the price of Bitcoin trading \"below\" key volume nodes, suggesting there's not much buying interest at current levels."}]},{"type":"list-item","children":[{"text":"So, everything is bearish, clearly. But where's the next support? How low can the price of BTC go? The chart reveals several key horizontal levels to watch."}]},{"type":"list-item","children":[{"text":"The immediate danger zone is $80,697, which briefly held today but looked shaky. If that breaks, the next major support sits at $74,555, followed by $65,727, and potentially all the way down to $53,059 if panic really sets in during a crypto winter. Those price levels have previous consolidation zones where significant trading volume accumulated, making them natural landing spots for oversold bounces."}]},{"type":"list-item","children":[{"text":"For resistances, traders will watch for BTC’s price breaking past $90,000 again and look at $100,000 as the major psychological target."}]},{"type":"list-item","children":[{"text":"Ethereum opened at $2,830.7 and dropped as low as $2,621 intraday before stabilizing around $2,798—a 1.16% loss on the day. While not as dramatic as Bitcoin's selloff, ETH's technical picture is equally concerning."}]},{"type":"list-item","children":[{"text":"Unlike Bitcoin, Ethereum hasn't fully confirmed its death cross yet—the 50-day EMA is still technically above the 200-day, giving it a \"long\" signal on an indicator that is obviously hours away from changing to bearish. The gap is razor-thin and closing fast. More importantly, ETH’s price is trading well below both EMAs, rendering that technical distinction somewhat meaningless. The bearish momentum is clearly established."}]},{"type":"list-item","children":[{"text":"A good way to see the natural support zones is using the Fibonacci retracements: a set of natural clusters that appear during a trend, showing supports and resistances in a specific timeframe—not because of price, but because of natural proportions."}]},{"type":"list-item","children":[{"text":"Right now, ETH is testing the 0.618 Fibonacci level at approximately $2,755. If this level breaks, the next Fibonacci support doesn't appear until $2,180, which would represent a massive 22% drop from current prices, and would resolve a "},{"type":"link","url":"https://myriad.markets/markets/ethereum-next-move-pump-to-4k-or-dump-to-2-5k","children":[{"text":"price market on Myriad"}]},{"text":" betting on ETH’s moon or doom."}]},{"type":"list-item","children":[{"text":"The ADX for Ethereum is even stronger than Bitcoin's at 46, indicating the downtrend is rock-solid. Meanwhile, RSI sits at 28.46—not quite as oversold as Bitcoin but definitely in stressed territory. The Squeeze Momentum Indicator shows \"bearish impulse\" here too, confirming sellers are in control."}]},{"type":"list-item","children":[{"text":"XRP is showing relative strength compared to its larger peers, down just 0.50% to close at $1.98 after opening at $1.99 and hitting an intraday low of $1.81796. Don't let that modest percentage fool you though—the technical damage is real."}]},{"type":"list-item","children":[{"text":"Like Bitcoin, the Ripple-linked XRP has confirmed a full death cross with its 50-day EMA now below the 200-day. The price of XRP is trading beneath both EMAs, and with an ADX of 32, the downtrend has enough strength to continue. While 32 isn't as extreme as Bitcoin's 41 or Ethereum's 46, it's still well above the 25 threshold that confirms a trend is in place rather than just random chop."}]},{"type":"list-item","children":[{"text":"The RSI at 32.86 shows XRP is approaching oversold territory but hasn't quite reached the extreme stress levels of Bitcoin and Ethereum. This could mean two things: either XRP has more downside before finding equilibrium, or it's showing genuine relative strength that could make it a safer harbor if the broader market continues tanking."}]},{"type":"list-item","children":[{"text":"XRP had such a crazy year that its price action shows only two major horizontal support levels that should concern XRP holders—and that would be very painful for hodlers, considering the movement from the all-time high to those targets."}]},{"type":"list-item","children":[{"text":"The next major support zone sits at $1.589, which represents a potential 20% drop from current levels. If that breaks, there's very little support until $0.66, a catastrophic 67% plunge from current prices and almost 80% from all-time high zone that would take XRP back to early 2024 levels."}]}]},{"type":"paragraph","children":[{"text":"The Squeeze Momentum Indicator is showing \"bearish impulse,\" and like the other coins, the volume profile indicates XRP’s price is trading below key volume levels, meaning there's not much buying interest stepping in to defend current prices."}]},{"type":"paragraph","children":[{"text":"\n"},{"type":"topic","character":"Bitcoin","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"BitcoinDeathCross","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":7,"currency":"btc","symbolId":6,"symbol":"btc_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/btc.png","fullName":"Bitcoin","character":"BTC/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":128,"currency":"ju","symbolId":73,"symbol":"ju_usdt","logo":"https://storage.webstatic.cc/1/currency/3908d2d8-94c4-4db9-9fc5-9a5bdaae5860-1758872417826.png","fullName":"JU","character":"JU/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":8,"currency":"eth","symbolId":7,"symbol":"eth_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/eth.png","fullName":"Ethereum","character":"ETH/USDT","children":[{"text":""}]},{"text":" "}]}]
📛 Cardano Network Disrupted by 'Poisoned' Transaction Attack.[{"type":"paragraph","children":[{"text":"The price of Cardano (ADA) was down on Friday after the blockchain suffered an unexpected chain split, which was caused by a malformed delegation transaction that triggered a software flaw. That created problems for Cardano users, and prompted a public apology from the user who claimed that they caused it."}]},{"type":"bulleted-list","children":[{"type":"list-item","children":[{"text":"Intersect, the "},{"type":"link","url":"https://decrypt.co/resources/cardano","children":[{"text":"Cardano"}]},{"text":" ecosystem’s governance organization, said in an incident "},{"type":"link","url":"https://intersectmbo.org/news/incident-report-network-partition-analysis-and-resolution-strategy","children":[{"text":"report"}]},{"text":" that the divergence began when the malformed transaction passed validation on newer node versions, but nodes running older software rejected it."}]},{"type":"list-item","children":[{"text":"“This exploited a bug in an underlying software library that was not trapped by validation code,” Intersect wrote. “The execution of this transaction caused a divergence in the blockchain, effectively splitting the network into two distinct chains: one containing the ‘poisoned’ transaction and a ‘healthy’ chain without it.”"}]},{"type":"list-item","children":[{"text":"Earlier that day, Cardano co-founder Charles Hoskinson posted on X that it was a “premeditated attack from a disgruntled [stake pool operator]” who was “actively looking at ways to harm the brand and reputation of [Cardano developer Input/Output Global].”"}]},{"type":"list-item","children":[{"text":"According to Hoskinson, all Cardano users were impacted. The price of Cardano’s token "},{"type":"link","url":"https://decrypt.co/price/cardano","children":[{"text":"ADA"}]},{"text":" was down more than 6% recently, following the incident."}]},{"type":"list-item","children":[{"text":"According to the incident report, the mismatch caused operators to build blocks on different branches of the chain until patched node software was deployed. Developers and service providers coordinated an emergency response, and operators were urged to upgrade to rejoin the main chain."}]},{"type":"list-item","children":[{"text":"Intersect said the wallet responsible for the malformed transaction has been identified, while Hoskinson said it will take weeks to clean up the mess."}]},{"type":"list-item","children":[{"text":"“Forensic analysis suggests links to a participant from the Incentivized Testnet (ITN) era,” Intersect wrote. “As this incident constitutes a potential cyberattack on a digital network, relevant authorities, including the Federal Bureau of Investigation, are being engaged to investigate.”"}]},{"type":"list-item","children":[{"text":"Hours after the incident, an X user "},{"type":"link","url":"https://x.com/KpunToN00b/status/1991937269910139194?s=20","children":[{"text":"posting"}]},{"text":" under the name Homer J. said they were responsible for submitting the transaction that triggered the split."}]},{"type":"list-item","children":[{"text":"“Sorry Cardano folks, it was me who endangered the network with my careless action yesterday evening,” they wrote, describing the attempt as a personal challenge to reproduce the “bad transaction” and said he relied on AI-generated instructions while blocking traffic on their server."}]},{"type":"list-item","children":[{"text":"“I've felt awful as soon as I realized the scale of what I've caused. I know there's nothing I can do to make up for all the pain and stress I've caused over the past X hours,” they added. “Difficult to quantify the negligence on my behalf. I am sorry, I truly am. I didn't have evil intentions.”"}]},{"type":"list-item","children":[{"text":"Homer wrote that he did not sell or short ADA, did not coordinate with anyone else, and did not act for financial gain. “I'm ashamed of my carelessness and take full responsibility for it and whatever consequences will follow,” he said."}]},{"type":"list-item","children":[{"text":"According to Intersect, no user funds were lost, and most retail wallets were unaffected because they were running node components that handled the malformed transaction safely."}]},{"type":"list-item","children":[{"text":"Hoskinson, the outspoken co-founder of Cardano, claimed in a video message that the network “didn’t go down,” though users did encounter issues before the problem was fixed."}]}]},{"type":"paragraph","children":[{"text":"“It is important to note that the network did not stall. Block production continued on both chains throughout the incident, and at least some identical transactions appeared on both chains,” Intersect wrote. “However, to ensure the integrity of the ledger, exchanges and third-party providers largely paused deposits and withdrawals as a precautionary measure.”"}]},{"type":"paragraph","children":[{"text":""}]},{"type":"paragraph","children":[{"text":""},{"type":"topic","character":"Cardano","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"CardanoNetwork","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Jucom","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"cryptocurrency","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"blockchain","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":13,"currency":"ada","symbolId":12,"symbol":"ada_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/ada.png","fullName":"Cardano","character":"ADA/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":128,"currency":"ju","symbolId":73,"symbol":"ju_usdt","logo":"https://storage.webstatic.cc/1/currency/3908d2d8-94c4-4db9-9fc5-9a5bdaae5860-1758872417826.png","fullName":"JU","character":"JU/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":7,"currency":"btc","symbolId":6,"symbol":"btc_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/btc.png","fullName":"Bitcoin","character":"BTC/USDT","children":[{"text":""}]},{"text":" "}]}]
What is the total number of transactions on the Bitcoin network?
What Is the Total Number of Transactions on the Bitcoin Network?
Understanding the total number of transactions on the Bitcoin network is essential for grasping how active and widely used this pioneering cryptocurrency truly is. This metric offers insights into user engagement, network health, and overall adoption trends. In this article, we will explore what influences transaction volume, recent developments in 2023, and what these figures mean for investors and users alike.
How Does Transaction Volume Reflect Network Activity?
The total number of Bitcoin transactions indicates how frequently users are transferring funds or engaging with blockchain-based applications. On average, as of 2023, around 250,000 to 300,000 transactions occur daily. These fluctuations are driven by various factors such as market sentiment—bullish periods tend to see increased activity—as well as regulatory environments that can either encourage or restrict usage.
High transaction volumes suggest a vibrant ecosystem where users actively buy, sell, or transfer Bitcoin. Conversely, dips may signal reduced interest or external pressures like stricter regulations. Monitoring these numbers helps stakeholders gauge whether Bitcoin remains a popular medium for peer-to-peer payments or speculative trading.
Factors Influencing Transaction Counts
Several key elements impact how many transactions are recorded on the blockchain:
- Market Conditions: Bull markets often lead to increased trading activity as investors seek opportunities.
- Regulatory Changes: Stricter laws can temporarily suppress transaction volumes; conversely, favorable policies may boost activity.
- Network Congestion: When many users transact simultaneously—such as during major price swings—transaction fees rise due to limited block space.
- Technological Developments: Improvements like SegWit (Segregated Witness) have optimized transaction processing times and costs over time.
These factors collectively shape daily transaction counts and influence user behavior across different periods.
Recent Trends in 2023: Fluctuations in Transaction Numbers
In April 2023, the Bitcoin network experienced a notable surge in transaction volume driven by heightened market speculation amid potential regulatory shifts in major economies. This increase was partly fueled by traders reacting to news about possible government interventions that could impact cryptocurrency markets globally.
However, May saw an uptick in average transaction fees—about a 20% rise compared to previous months—which reflects higher network congestion. Elevated fees can discourage smaller transactions from occurring frequently because they become less cost-effective for everyday use cases like micro-payments or casual transfers.
These recent trends highlight how external events directly influence not only how much activity occurs but also its economic viability for typical users.
Blockchain Size and Its Impact on Transactions
The size of the Bitcoin blockchain itself provides context about overall network activity; it stood at approximately 400 GB in early 2023—a significant increase from previous years due to continuous addition of new blocks containing transactional data.
A larger blockchain signifies more historical data stored across nodes worldwide but also raises concerns regarding scalability:
- Larger blockchains require more storage capacity.
- Synchronization times increase for new nodes joining the network.
- Higher data loads can contribute to slower confirmation times during peak periods unless scaling solutions are implemented effectively.
Efforts such as Lightning Network aim to address these scalability challenges by enabling faster off-chain transactions while maintaining security through underlying blockchain settlement layers.
The Role of Miners and Validation Processes
Miners play a crucial role in maintaining accurate records by validating transactions through complex computational puzzles—a process known as proof-of-work (PoW). They compete within seconds to add new blocks containing pending transactions onto the chain; successful miners receive rewards plus associated fees paid by transacting parties.
This validation process ensures integrity but is energy-intensive: estimates suggest that mining consumes substantial electricity globally. As demand increases with higher transaction volumes during active periods like April-May 2023’s surge,
the environmental footprint becomes more prominent concern among regulators and advocates alike.
Key Points About Mining:
- Miners validate hundreds of thousands of daily transactions
- Validation ensures decentralization & security
- Rising demand impacts energy consumption
Regulatory Environment's Effect on Transaction Volumes
Government policies significantly influence user participation levels on the Bitcoin network. In early 2023,
several countries introduced stricter regulations targeting crypto exchanges,which temporarily dampened trading activities reflected through decreased transaction counts initially observed after policy announcements.
However,
some jurisdictions adopted clearer frameworks encouraging institutional involvement,potentially stabilizing or increasing future transactional activity once compliance mechanisms were established.
Summary:
Regulatory uncertainty remains one of the most unpredictable factors affecting total bitcoin transactions; ongoing legislative developments will continue shaping usage patterns moving forward.
Future Outlook: Scalability Solutions & Adoption Trends
As interest grows among retail investors and institutions alike,
scalability solutions such as Taproot upgrades,Lightning Network implementations,and sidechains aim to facilitate faster processing at lower costs.
These technological advancements could help sustain higher throughput levels necessary for mainstream adoption while reducing congestion-related fee hikes seen earlier this year.
Moreover,
wider acceptance from merchants accepting bitcoin payments directly enhances real-world utility beyond speculative trading,
potentially leading toward sustained growth in total number of daily transactions over coming years.
By continuously monitoring metrics like total bitcoin transaction count alongside technological improvements and regulatory changes,
stakeholders—from individual users to large-scale investors—can better understand market dynamics
and make informed decisions aligned with evolving industry conditions.
References
- CoinDesk — General information on Bitcoin networks
- Blockchain.com Charts — Historical data analysis
- Blockchain Size Data — Blockchain growth insights
- Transaction Fees & Congestion — Impact analysis
- Bitcoin Mining Process — Technical validation overview
- Regulatory Impact Reports — Policy effects assessment
Understanding how many people transact using Bitcoin provides valuable insight into its current state—and future potential—as both an investment asset and a decentralized payment system amidst an ever-changing global landscape