Cryptocurrency News
The cryptocurrency market has experienced an upbeat week with notable gains seen across various digital assets. Bitcoin Cash (BCH), Chainlink (LINK), Maker (MKR), and THORChain (RUNE) stood out as top performers, each posting impressive double-digit increases in their market capitalization. This surge in momentum is accompanied by signs of accumulation […]
Bitcoin, the leading cryptocurrency, is currently experiencing a dynamic phase, marked by both bullish indicators for the long term and the potential for short-term corrections. The actions of whales and traders are at the center of this evolving narrative. Bitcoin Maintains Bullish Momentum As We Enter October In the long […]
The cryptocurrency market is abuzz with the latest developments involving Bitcoin and Tether (USDT) whales and sharks, who are showing a strong accumulation trend. These large holders, with 10 to 10,000 Bitcoin in their wallets, have now accumulated their highest Bitcoin holdings in 2023, totaling 13.03 million BTC. Positive Sentiment […]
Maker ($MKR), a prominent cryptocurrency in the decentralized finance (DeFi) space, has been on a remarkable bull run, surging by an impressive 40% in just 16 days. This surge in price has coincided with a significant uptick in active addresses, reaching a 10-week high. However, amidst this excitement, caution is […]
After witnessing a massive explosion in June, BCH corrected lower and entered the second half of the year in a bearish mode. However, it later established support and bounced back. Against Bitcoin, the price remains strong. Bitcoin Cash started to gain traction after locating support at $165.5 in August. It […]
In January, this anonymous investor withdrew a substantial 7 million $FRONT tokens, valued at $1.33 million at the time, demonstrating their confidence in the project’s long-term potential. Whale Held $FRONT For Straight Eight Months Fast forward eight months, and this investor’s patience has paid off. The price of $FRONT has […]
Recent data reveals a remarkable shift in the number of addresses holding 1,000 or more Bitcoins, with the count rising to 2,001. This significant milestone comes just 24 hours after Bitcoin’s Number of Addresses Holding 1k+ Coins hit a four-year low of 1,997. Congressmen Puts Pressure On SEC Chair Gary […]
In 2021, Elon Musk announced that Tesla would stop accepting Bitcoin payments due to concerns about the environmental impact of Bitcoin mining. However, he also said that Tesla would resume accepting Bitcoin payments once mining becomes approximately 50% sustainable. This is inaccurate. Tesla only sold ~10% of holdings to confirm […]
In a noteworthy development, the price of Loom Network ($LOOM) has recently reached its highest level since December 2021, surpassing the $0.126 mark before a minor correction. This surge in value has caught the attention of crypto enthusiasts and investors alike, prompting a closer examination of the potential factors behind […]
Bitcoin, the pioneering cryptocurrency, has achieved yet another significant milestone on its journey to becoming a global digital asset. With over 900 million transactions processed, this achievement couldn’t have come at a more intriguing time, as the next halving event approaches. Bitcoin Hits Major Milestone The 900 million transaction mark […]
Self-custody, or the practice of holding cryptocurrencies in private wallets rather than on exchanges, is gaining traction among investors. This shift is particularly notable for coins like SUSHI, REEF, ELF, BICO, CRV, and INJ, as their supplies on exchanges are decreasing. Historically, such reductions in exchange supplies have been associated […]
In a surprising turn of events, the Shanghai No.2 Intermediate People’s Court in China has officially recognized Bitcoin as a unique and non-replicable digital asset while acknowledging its scarcity and inherent value. This landmark decision comes despite the Chinese government’s hostile stance on cryptocurrencies, including a blanket ban on all […]
While some altcoins have seen meteoric rises, others have displayed a rather unassuming price performance. However, two tokens that have recently caught the attention of the crypto community are Linear ($LINA) and Decentraland ($MANA). What makes them noteworthy is the sudden surge in whale transactions (3 months high), which have […]
In a move that reaffirms its commitment to cryptocurrencies, MicroStrategy, a leading business intelligence firm, has recently announced the acquisition of an additional 5,445 Bitcoin (BTC) for approximately $147.3 million. This strategic investment was made at an average price of $27,053 per BTC, further expanding MicroStrategy’s already substantial crypto portfolio. […]
China has banned Bitcoin multiple times, but Bitcoin has always managed to bounce back. The first ban was in 2013, when the People’s Bank of China (PBOC) issued a notice prohibiting financial institutions from using or trading Bitcoin. The PBOC also warned against the risks of Bitcoin investing, citing its […]
Ethereum (ETH) has recently experienced a significant drop in network fees, reaching their lowest levels in 2023 at just $1.15 per transaction. This decline in transaction fees is reminiscent of levels last seen in late December 2022, and it carries important implications for both Ethereum’s utility and its potential to […]
Chainlink (LINK) has been displaying impressive resilience in the cryptocurrency market, outperforming the average performance of the crypto sector. It’s currently making strides to break through the $6.80 resistance level once again. Alongside this price action, a notable surge in the number of unique LINK addresses interacting on the network […]
The launch of a spot Bitcoin ETF would be a watershed moment for the Bitcoin ecosystem. It would make it easier for investors to gain exposure to Bitcoin, and it could lead to increased adoption of Bitcoin by mainstream investors. Institutional Investors Are Interested In Investing In Bitcoin It is […]