Cryptocurrency News
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 […]
In recent years, Non-fungible tokens (NFTs) have surged to the forefront of the digital art world, captivating artists, collectors, and investors alike. These unique digital assets, which represent ownership or proof of authenticity of a digital item, have revolutionized the way we perceive and trade digital art, music, and even […]
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 […]
The altcoin season is an exciting period in the crypto market, characterized by a surge in the popularity and value of visionary altcoins. The latest memecoin project, DigiToads (TOADS), has emerged as a game-changer in the altcoin season. This DeFi project is capturing the attention of investors and crypto whales […]
Web3 skills play a crucial role in promoting the adoption of Web3, which represents the next evolution of the internet, characterized by decentralized and peer-to-peer networks. These skills encompass a range of technical and non-technical abilities that empower individuals and organizations to leverage the benefits of this new paradigm. Technical […]
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 […]