This is a quick summary of how the Stocktwits Top 25 indexes are constructed, formatted, and released each week.
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View AllBen ‘Don’t Call Me BitBoy’ Armstrong Raises Over $150k
Once the face of BitBoy Crypto, Ben Armstrong has rallied his fanbase, raising $150,000 in crypto to challenge his legal removal from the brand. 🌐
Oh, and he’s no longer “BitBoy,” but Ben Armstrong.
Bitcoin’s Hash Rate More Than 6x’s In Two Years
Bitcoin’s hash rate has been on a tear, with a staggering 600% increase in just two years. 😲
The hash rate, which measures the processing power of $BTC‘s network, has been on a steady upward trajectory, indicating a robust and healthy network. This increase is a testament to the growing number of miners joining the network, despite the market’s volatility.
Stocktwits Spotlight
Today, Cryptomartin shared an excellent post highlighting bitcoin spot ETFs fund flows. The crypto enthusiast writes,
“Spot Bitcoin ETFs hit $14.8 million daily net inflow, first in 5 trading days. Spot Bitcoin ETFs breakthrough with a $14.8 million net inflow on the 11th trading day. GBTC sees reduced outflows at $255 million, but total outflows remain over $5 billion. Pre-ETF launch, GBTC’s BTC balance drops nearly 20% to 506,000 BTC.”