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The Mounting Evidence of a New Bitcoin Bull Market
From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting.
Updated Sep 14, 2021, 9:41 a.m. Published Aug 8, 2020, 2:00 p.m.
From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting.
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
This week’s Breakdown Weekly Recap is all about that vibe you’ve been feeling - that inescapable notion a new crypto bull market is afoot.
See also: How Real Is Bitcoin’s Rally? 8 Interpretations of Bitcoin’s Massive Surge
NLW looks at the evidence:
- Rising gold price
- Recirculation of crypto money out of zombie protocols
- New growth in small holder addresses
- Demand from emerging market p2p markets
It’s just possible this new bitcoin bull market isn’t just starting to be seen in narratives, but is also showing up in numbers.
This week on The Breakdown:
Monday | Rage Against the Economic Machine: The Best of the Breakdown July 2020
Tuesday | Can Social Media Be Redeemed? Feat. Bobby Goodlatte
Wednesday |Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar
Thursday | The History, Present and Future of Central Banks, Feat. George Selgin
Friday | 11 Numbers That Tell the Story of the Economy Right Now
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
Ano ang dapat malaman:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
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