Summary
TLDR: Bitcoin has surged to $56,500, doubling in price since October and nearing its record high. Ethereum and other cryptos are also up. On-chain activity shows Uniswap as top gas spender on Ethereum. Bitcoin mining stocks are now worth over $25 billion. Miners are potentially taking profits as the total number of bitcoins held by miners has dropped slightly. MicroStrategy and Tesla have seen significant gains with their bitcoin holdings.
Key Points
1. Bitcoin has doubled in price since October and currently sits at $56,500, close to its record high of $69,000.
2. Uniswap is the top gas guzzler on Ethereum, responsible for nearly 13% of all gas spent in the past 24 hours.
3. Bitcoin mining stocks are now worth over $25 billion, up from $8.6 billion in November, indicating a significant increase in value.