As the market continues to fluctuate, analysts at CryptoQuant have identified key on-chain metrics that may indicate the potential for Bitcoin to have bottomed and for cryptocurrencies to start rallying once again. These metrics include higher bullish momentum, an increase in Bitcoin demand, and faster growth in stablecoin liquidity. These signals are crucial indicators to
Crypto
The recent update from the European Central Bank (ECB) regarding the development of the digital Euro CBDC has sparked concerns among experts and investors. While the ECB claims that privacy and data protection are its top priorities, there are underlying features of the currency that suggest otherwise. The ECB’s two-year preparation phase for the digital
Ethereum experienced a 3% decrease in price this week, with buyers struggling to defend the key support at $3,500. The continuous pressure from sellers puts ETH in a clear downtrend, with the past five weekly candles closing with a lower low. To reverse this downward trend, ETH needs to surpass $3,700 and challenge the key
The cryptocurrency markets are experiencing a decline today, with Bitcoin heading toward the $60K mark and most altcoins showing a slow decrease. The total market capitalization is currently at $2.37 trillion. Bitcoin has seen a 1.3% drop in the past 24 hours, adding up to a total loss of approximately 6% for the week. The
T-Rex Group, a financial services company, has recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This new financial vehicle is expected to be one of the most volatile ETFs in the country if approved. The main objective of the fund, named as ‘T-Rex 2X Long MSTR Daily Target
The prediction made by analyst ‘RamenPanda’ regarding potential interest rate cuts by the U.S. central bank lacks concrete evidence and fails to consider the unpredictability of market reactions. While historical data from the 2008 financial crisis is referenced, it is important to note that each economic situation is unique and cannot be accurately compared to
As approximately 107,000 Bitcoin options contracts are set to expire this Friday, the overall notional value of $6.6 billion brings the potential for increased market volatility. This end-of-month expiry event is significantly larger than typical end-of-week expirations. The put/call ratio of 0.5 indicates that there are twice as many long (call) contracts expiring as shorts
Bitcoin, the world’s largest digital asset, experienced a tumultuous week in terms of price fluctuations. Starting the week off at over $64,000, Bitcoin seemed to maintain its stability until the bears took control and initiated a massive downward trend. Within hours, Bitcoin plummeted by several thousand dollars, hitting a low of $58,400 – a level
Recently, Binance made headlines by announcing the implementation of stricter measures to combat account misuse on its platform. The company unveiled its plans to enhance monitoring of all account activities due to instances where certain features were abused for gaining unfair advantages over other users. This move signifies a proactive stance taken by Binance to
CleanSpark, a prominent player in the Bitcoin mining industry, made waves with its recent announcement of acquiring GRIID Infrastructure in an all-stock deal worth $155 million. This strategic move immediately added 20 megawatts of power to CleanSpark’s operations, with an additional 400 MW expected to come online in Tennessee within the next two years. By
Coinbase, the largest cryptocurrency exchange in the United States, has taken a bold step by filing lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). These lawsuits are in response to the agencies’ failure to comply with information requests related to closed crypto cases. The filings at the United
The US Securities and Exchange Commission (SEC) is inching closer towards the approval of the latest adjustments regarding spot Ethereum ETFs, with the discussions between asset managers and regulators nearing their conclusion. Prominent asset managers like BlackRock, Franklin Templeton, and Grayscale Investments are among the eight firms progressing towards the final stages. This development comes
The US spot Bitcoin ETFs are showing signs of a slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum follows a trend that began on Tuesday, indicating a potential shift in the market. BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments in the past four days. This
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has entered its trial phase. This phase is typically where resolutions are expected to be made, but the end of this case remains uncertain as of the most recent update on June 27th. A significant development in recent weeks
Bitcoin whales have been quietly accumulating BTC amidst a backdrop of fear, uncertainty, and doubt in the market. Recent analysis by IntoTheBlock shows a notable surge in net inflows to the largest wallets, indicating a shift in accumulation patterns. Holders with control of at least 0.1% of the total Bitcoin supply added 7,130 BTC worth
SEC Chair Gary Gensler recently expressed his confidence in the approval process for spot Ethereum ETFs during an interview at the Bloomberg Investment Summit. Despite not providing a specific timeline, Gensler highlighted that the main focus is currently on asset managers. He emphasized the importance of full disclosure by asset managers to ensure smooth registration
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a subject of interest since it began in 2020. The outcome of this lawsuit will have a significant impact on the classification of XRP as a security and could potentially influence its legal status in the eyes of regulators.
Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register a new local low of $58,500. This slump has persisted as outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market have continued into the
Bitcoin’s price has experienced a rapid decline in recent days, failing to sustain levels above $70K. Currently, the market is teetering around a crucial point, approaching the $60K support level. Since the start of June, the price has been on a downward trend, with a rejection from the $72K zone. The market’s mid-term trajectory will
The world of cryptocurrency has been witnessing a significant surge in stablecoin transfer volumes, according to data from Token Terminal. In April, the monthly stablecoin transfer volume soared to over $1.68 trillion, showcasing a substantial increase from previous months. This 16-fold rise highlights the growing potential of stablecoins in revolutionizing financial processes and streamlining cross-border
In the world of cryptocurrencies, Artificial Intelligence (AI)-related coins have been making waves with their recent development activities. The market intelligence platform Santiment has outlined the top 10 AI cryptocurrencies that have shown the most progress over the last 30 days. NEAR Protocol Takes the Lead At the forefront of this list is NEAR Protocol
The AVAX native token for the layer-1 blockchain Avalanche is facing a tumultuous time this weekend, plummeting over 10% to reach its lowest level since December 2023. The token’s value has dramatically dropped from $27.87 to a six-month low of $24.92 within just 24 hours, as reported by CoinGecko. Community Speculations Crypto community members are
The ongoing case involving Ripple in the cryptocurrency industry is a matter of great interest and speculation. Many analysts are closely monitoring the situation, as the outcome of the SEC lawsuit is expected to have a significant impact on the price of XRP. However, despite the legal proceedings, some analysts are looking at technical patterns
If Ripple loses the SEC lawsuit, the implications could be far-reaching. One of the most immediate effects could be a significant drop in the price of XRP. This is because investor confidence in the cryptocurrency might wane, leading to a sell-off and downward pressure on its value. In addition to the price drop, Ripple might
The month of May saw a significant surge in crypto investments, totaling around $1.02 billion. With Ethereum dominating the market, there were approximately 156 investments disclosed publicly. This indicates a growing interest in digital assets and blockchain technology. Despite facing money laundering allegations, Nigerian authorities dropped tax evasion charges against Binance executives. This decision, as
The trading volume of Tether (USDT) on the TRON network has experienced a significant surge, reaching a staggering $53 billion. This impressive figure surpasses the average daily trading volume of payment giant Visa, which stood at $42 billion for Q1, 2024. This comparison is particularly noteworthy considering Visa’s status as one of the world’s largest
The cryptocurrency market has seen a rise in political-themed meme coins in anticipation of the upcoming United States presidential debate between incumbent President Joe Biden and former President Donald Trump. These PolitiFi tokens, such as Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP), have become speculative assets tied