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Bitcoin jumps $8,300 in largest daily gain since its creation Bitcoin made the largest daily gain in its history yesterday when it closed at more than $8,300 above its opening price. According to data sourced from Coinbase and shared by Galaxy Digital’s Alex Thorn, bitcoin opened on Monday, November 11 at $80,427 and by closing, had jumped $8,343 to $88,770. This increase is over $766 greater than the previous biggest daily move which saw the currency surge $7,576 in February 2021. However, despite the gains, Thorn also notes that yesterday’s move ranks way down in 49th place in terms of bitcoin’s all-time daily percentage gains. It moved 10.37% while its biggest percentage jump was an impressive 27.2% back in 2017. 49th of all time but that includes a lot of early years and much lower market cap, liquidity, etc it’s number 1 in this so that’s the table i shared — Alex Thorn (@intangiblecoins) November 12, 2024 Bitcoin’s daily gain high f...

Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react. Bitcoin (BTC) miners are sending record amounts of BTC to centralized crypto exchanges. In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner revenue sent to exchanges . Percent of miner revenue sent to exchanges. Source: Glassnode. It noted that there was currently an “extremely high exchange interaction,” from Bitcoin miners which had sent a record $128 million to exchanges over the past week. This is equivalent to 315% of their daily revenue, the analytics platform noted. There have been several spikes in miner revenue sent to exchanges during the 2021 bull run as they took profits. There was also a capitulation inflow in late 2022 as markets hit their cycle bottom. However, this latest spike has dwarfed them all by a considerable margin. Usually, when miners send BTC profits to exchanges they do so in preparation to cash out to c...