Crypto Market Rockets Upwards with Over 7% Growth ๐๐ฅ
Altcoin market up suggesting possible ongoing bull rally
First Republic Bank's (FRC.N) market value plunged below $1 billion for the first time ever on Wednesday after a report said the U.S. government was unwilling to intervene in the rescue process, hammering the lender's stock. Microsoft stock rallied after earnings, bullish A.I. outlook, and failed Activision buyout. Meanwhile, the crypto market soared over 7% Wednesday morning signaling a potential continuation of a bull rally for altcoins.
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PBN Research
BTC & Gold Correlation
https://beincrypto.com/bitcoin-correlation-gold-investors-chase-safe-havens/
The Bitcoin-gold correlation is at a two-year high of 57% amid banks' financial turmoil.
In Q1 2023, Bitcoin gained 70%, surpassing gold's gains of 9.5%.
More than two-thirds of 84 central banks surveyed plan to increase their gold holdings in 2023.
BTC Addresses Up
https://bitcoinist.com/bitcoin-demand-surges-active-addresses-break-ath/
As an analyst in a CryptoQuant post pointed out, there were concerns in February that the metric hadnโt been displaying any significant growth. The โactive addressesโ is an indicator that measures the daily total number of Bitcoin addresses participating in some transaction activity on the blockchain.
Helium IOT
Helium's IOT Token Surges 370%, More than six billion IOT tokens have been minted since Helium migrated to Solana
It is mined from Helium's hotspots โ the hardware infrastructure behind the IOT network.
The tokens will always be backed by Helium Network's HNT token and can always be converted to HNT, with the redemption rate being set algorithmically by its treasury swap contract.
CODE : PBN50