Bitcoin remains the best-performing asset of 2024 with a year-to-date gain of 49.2% despite a weak Q3, according to NYDIG.
A long-dormant whale, holding $73.4 million in Bitcoin, moved another $634,000 worth of BTC to Kraken.
The network's hash rate continues to rise and is currently at an impressive 683 million terahashes per second (TH/s), indicating the growing computing power being contributed to the Bitcoin network.
Bitcoin spot ETFs experienced a net outflow of $301 million, reflecting ongoing volatility in investor sentiment.