Bitcoin on-chain metrics continue to be bullish as Bitcoin (CRYPTO: BTC) exchange reserves plummets further, shown by data from CryptoQuant. This signals that the proportion of long-term holders are increasing as less people are willing to leave their Bitcoin on exchanges.
Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price rose 3.8% to $79.21. This continues its positive trend over the past week where it has experienced a 4.0% gain, moving from $76.53 to its current price. As it stands right now, the coin's all-time high is $144.96.
The Luna Foundation Guard (LFG), an entity that supports the Terra (CRYPTO: LUNA) blockchain, acquired $176 million worth of Bitcoin (CRYPTO: BTC) on Sunday.
Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price has fallen 3.18% to $94.71. This is opposite to its positive trend over the past week where it has experienced a 4.0% gain, moving from $91.88 to its current price.
Bitcoin (CRYPTO: BTC) has staged a nice recovery in recent sessions, as risk appetite returned to the market. The recovery has been in fits-and-starts, and the apex currency has not built up enough momentum to stage a sustained recovery.
Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price has risen 9.27% to $93.82. This continues its positive trend over the past week where it has experienced a 8.0% gain, moving from $86.09 to its current price. As it stands right now, the coin's all-time high is $144.96.
To coincide with the NCAA Men’s Basketball Tournament, Benzinga launched an NFT Madness 2022 Tournament with 64 NFT collections competing for the championship.