Cryptocurrency News
Crypto news
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 […]
The acceptance of multiple Bitcoin exchange-traded fund (ETF) applications by the U.S. Securities and Exchange Commission (SEC) indicates a significant development for the crypto market. Notably, the SEC’s acceptance of applications from prominent financial institutions such as BlackRock, Fidelity Investments, WisdomTree, VanEck, Invesco, and ARK 21Shares demonstrates that regulators are […]
Caroline Pham’s remarks on the path to crypto regulatory clarity in the United States following Ripple’s partial victory highlight the significance of recent court decisions in shaping the regulatory landscape. The court opinions on the classification of crypto assets, particularly regarding the definition of securities, have provided important guidance and […]
There are a few prominent politicians and their government who have expressed support for Bitcoin or shown an interest in cryptocurrency-related topics. Cynthia Lummis (United States): Cynthia Lummis, a U.S. Senator from Wyoming, has been an outspoken advocate for Bitcoin and digital currencies. She has highlighted the potential benefits of […]
The recent correction in the cryptocurrency market, with Bitcoin’s price dropping to $25,000, has had a significant impact on the supply dynamics and investor sentiment. One way to assess this impact is by examining the volume of supply that transitioned from being ‘in-loss’ to ‘in-profit’ during this correction. Over 2.47M […]
The SEC’s recent loss in the case against Ripple is a major setback for the agency’s efforts to regulate cryptocurrencies. The ruling that XRP is not a security could have far-reaching implications for the future of crypto regulation in the United States. XRP Ruling The most important part of this […]
Recent information suggests that both sharks (experienced traders with large capital) and whales (entities with substantial cryptocurrency holdings) are closely observing the price range of Bitcoin, specifically in the $30k to $31k range. This indicates that these market participants are interested in this particular price level and are likely assessing […]
The recent inflation report in the US indicates that inflation rose only by 0.2% in June, which can be seen as positive news for owners of equities, gold, and silver. Surprisingly, the impact of this Consumer Price Index (CPI) report on the cryptocurrency market, particularly Bitcoin, has been minimal so […]
The ongoing regime of accumulation among Bitcoin HODLers, characterized by a consistent absorption of coins at a rate of +27.1K BTC per month since July 2021, suggests a bullish sentiment in the market. HODLers are individuals or entities that hold onto their Bitcoin investments for an extended period rather than […]
Robert Kiyosaki‘s warning about the demise of the U.S. dollar and his endorsement of Bitcoin can have significant implications for the cryptocurrency. Firstly, his statements could bring increased attention and credibility to Bitcoin among his followers and the wider audience, potentially driving up demand. This heightened demand, coupled with the […]
The recent accumulation stage in the Bitcoin market is indicative of the strong conviction and long-term investment strategy adopted by larger holders of the cryptocurrency. Despite the relatively stagnant boring price movement within the $30k to $31k range, these “sharks” and “whales” continue to accumulate substantial amounts of Bitcoin. This […]
The announcement of BlackRock’s Bitcoin ETF request on June 15th, 2023, has had a significant impact on the share of Bitcoin supply held and traded by US entities. This development potentially signifies an inflection point in the dominance of US entities over Bitcoin supply if the trend continues. BlackRock’s FirstMover […]
Litecoin’s recent achievement of becoming the top cryptocurrency for payments on BitPay, the world’s largest crypto payment processor, is a significant milestone for the digital asset. This accomplishment demonstrates Litecoin’s potential as a practical and widely adopted means of conducting transactions in the crypto space. Litecoin Overtakes Bitcoin The fact […]
The recent increase in exchange interaction by Bitcoin short-term holders, resulting in a significant influx of approximately 617,000 BTC over the past 20 days, is a noteworthy development in the cryptocurrency market. This surge in activity indicates a shift in sentiment and behavior among short-term holders, which could have implications […]