StormGain is a crypto trading platform for everyone.
15 May 2024 1 minute read 0 comments Stormgain
The last major event to move Bitcoin's price was the launch of spot ETFs in Hong Kong in early May. The ETF market's small market capitalisation of $50 billion (versus $9 trillion in the US) has been offset by rumours of an imminent connection to the...
14 May 2024 2 minute read 0 comments Stormgain
For the third year in a row now, Ethereum has been outpaced by Bitcoin. This year alone, it's dropped by 13% compared to the original cryptocurrency. Two important factors point to this trend strengthening in May. Image source: cryptocurrency exchan...
13 May 2024 1 minute read 0 comments Stormgain
Q1 2024 was phenomenal in terms of many publicly traded miners' profitability. Riot Platforms put up a record-high net profit of $211.8 million, with 249% growth compared to the previous quarter. Image source: tradingview.com Marathon Digital, which...
9 May 2024 1 minute read 0 comments Stormgain
While some analysts are predicting that Bitcoin will drop to $40,000 per coin and others are talking about the end of the bull cycle after hitting a new all-time high, network metrics are showing growing pressure from the demand side. The current cyc...
24 Apr 2024 1 minute read 0 comments Stormgain
The recent halving event was characterised by explosive growth in commission thanks to the introduction of the Runes protocol in the same block. The new protocol makes it possible to mint a new subtype of meme coins. The speculative frenzy hasn't run...
23 Apr 2024 1 minute read 1 comment Stormgain
The 840,000th block on the Bitcoin network marked the latest halving and the introduction of the Runes protocol that opened the second memecoin hunting season. Instead of seeing lower revenue, miners encountered record-high growth. On 20 April, the r...
19 Apr 2024 5 minute read 0 comments Stormgain
With the countdown to the Bitcoin halving event of 2024 underway, the cryptocurrency community eagerly awaits the implications of this milestone. With the halving date drawing near, let's assess the implications of this event and explore its potentia...
18 Apr 2024 1 minute read 0 comments Stormgain
Last week, the outflow from ETFs reached $126 million, with spot ETFs in the United States accounting for $83 million of that. Yesterday, this trend only consolidated further after experiencing another $37 million loss. Image source: StormGain infog...
16 Apr 2024 1 minute read 0 comments Stormgain
This year, US spot Bitcoin ETFs have made up 75% of investment inflows into the cryptocurrency. Their combined balance now totals $12.5 billion, and the US share of global inflows into crypto ETFs exceeds 95%. Image source: farside.co.uk Interest in...
15 Apr 2024 1 minute read 0 comments Stormgain
The Ordinals protocol, which appeared in 2023 due to the numbering of satoshis, allowed digital objects such as NFTs (an analogue to ERC-721) and quasi-tokens (an analogue to ERC-20) to be transmitted over the Bitcoin network. The resulting boom in a...
