Cryptocurrency News
Bitcoin adoption has indeed shown remarkable growth as indicated by the record-breaking Number of Addresses with a Non-Zero Balance, reaching an all-time high of 47.9 million. This surge in addresses with a positive balance signifies an increasing number of individuals and entities participating in the Bitcoin ecosystem, suggesting growing interest […]
In 2023, the landscape of cryptocurrency trading within the world’s biggest banks is showing signs of evolution. While 74% of the top 50 global banks by assets under management have embraced crypto trading by connecting to regulated exchanges like Binance and Coinbase, they have yet to support retail crypto trading […]
Chainlink (LINK) has been on a tear in recent days, jumping ahead of the altcoin pack on Thursday. The price of LINK is now trading at its highest level at $8.46 since April, and there are a few reasons for this surge. Heavy Whale Transaction One reason is heavy whale […]
Historically speaking, Litecoin’s price has increased significantly after each halving event. The first halving on August 25, 2015 saw the price of LTC increase by 13,900%, while the second halving on August 5, 2019 saw the price increase by 1030%. Historical Halving Events 2015 LTC Halving: The first LTC halving […]
The substantial decline of -255k BTC in the aggregate Whale balance since 30 May is a significant event in the world of cryptocurrencies, particularly in Bitcoin. The monthly balance decrease of -148k BTC is unprecedented and raises several important points that warrant further investigation. Potential Impacts Firstly, the actions of […]
The recent trends in the Bitcoin market indicate a shift towards self-custody as the supply of Bitcoin on exchanges continues to decrease. Despite experiencing a drop below the $30k mark last week, the market has not shown severe reactions, suggesting that fear, uncertainty, and doubt (#FUD) are not driving significant […]
Russian President Vladimir Putin’s signing of the bill to grant legal tender status to a “digital ruble” comes at a time of severe economic challenges for Russia, mainly due to the ongoing war in Ukraine and the subsequent Western sanctions imposed on the country. The introduction of a central bank […]
The recent drop in the spot price of Bitcoin from $30,263 to $29,201 has resulted in -1.11 million BTC (equivalent to -5.9% of the total supply) going into an underwater position. This means that the current market value of these specific BTC holdings is lower than the price at which […]
The surge in the number of XRP whale wallets holding 100 million or more coins is a significant indicator of growing interest and investment in the cryptocurrency. XRP Whales Accumulation This rise, reaching a count of 199, reflects a level not seen since May 13 and suggests a potential accumulation […]
The recent rebound of Bitcoin above $30,000 and the continuous growth of Bitcoin shark wallets are indicative of the market’s resilience and the ongoing interest of institutional investors. Increase In Number Of Large Addresses The increase in the number of large addresses, often associated with whales, signifies growing institutional involvement […]
The upcoming Litecoin halving on August 2nd has generated heightened trader enthusiasm and interest in the cryptocurrency market. As the event draws nearer, more investors and traders have become aware of its potential impact on Litecoin’s supply dynamics, leading to a notable increase in the creation of new addresses holding […]
In the second quarter of 2023, Bitcoin (BTC) faced a challenging period, marked by high volatility and declining trading volumes. Despite these obstacles, BTC managed to exhibit resilience and achieved modest gains, outperforming the overall crypto market. Bitcoin Holds Strong Position During Q2, BTC recorded a 6.9% increase in value, […]
The growing interest of several nations to join the BRICS alliance indicates a potential shift in the global financial landscape, posing a significant challenge to the dominance of the U.S. dollar. With countries like Saudi Arabia, the UAE, Bahrain, Argentina, Algeria, Egypt, Iran, and Indonesia formally applying for BRICS membership, […]
Chainlink’s recent surge in popularity within the cryptocurrency community is undoubtedly significant. With a remarkable 20% price increase in a single day, it has reclaimed its highest value in three months, reaching an impressive $8.34. Thursday’s on-chain volume of $347.72 million for LINK is a clear indicator of the heightened […]
Baby Doge Coin’s burning frenzy and deflationary design aim to create scarcity and potentially drive up its value over time. By burning a significant portion of their supply (approximately 49.146%), the cryptocurrency’s developers have demonstrated a commitment to reducing the total circulating coins, which could lead to increased demand and […]
The announcement made by Democratic Presidential Candidate Robert F. Kennedy Jr. to back the US dollar with Bitcoin and exempt investors from capital gains taxes on Bitcoin profits is a bold and innovative proposal in the realm of cryptocurrency policies. Such a move could potentially have significant implications for both […]
The upcoming token unlock event for Axie Infinity (AXS) has generated significant attention and speculation within the crypto community. With $21.7 million worth of AXS tokens set to be unlocked, there is anticipation regarding its potential impact on the altcoin’s bullish trend. Designated For Staking Rewards It is important to […]
The fact that the Bitcoin Long-Term Holder Supply is at an all-time high of 14.5 million BTC indicates a significant trend among mature investors: they are increasingly inclined to accumulate Bitcoin rather than distribute it. This observation carries important implications for the cryptocurrency market and reveals a growing confidence and […]