Day: July 14, 2024

Ethereum Seen Hitting $5,000 as Bitcoin Sell-off Shakes Market

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Ethereum has shown some degree of resilience in the face of heavy volatility in the broader crypto landscape, keeping ground above the $3,000 barrier in a week when Bitcoin stumbled under the weight of German economic policies. Related Reading Ether hodlers are keenly observing as the terrain of digital currencies undergoes notable changes; many of them are focusing on a possible $5,000 milestone. A Test Of The Market There were tremors felt in the cryptocurrency market when the German government decided to sell about 5,000 BTC, or 90% of its…

Ethereum, Polygon lead charge despite decline in buyers

The non-fungible token, or NFT, market saw a 7.68% boost in sales volume this week, hitting $109 million, with notable activity on Ethereum (ETH) and Polygon (MATIC) blockchains. However, this uptick came against a backdrop of massively declining numbers of NFT buyers and sellers, which plunged by 68.00% and 67.78%, respectively.  Interestingly, even as the number of market participants went down, NFT transactions witnessed a substantial increase, skyrocketing by nearly 21% to reach 2,435,539 trades, according to data from CryptoSlam. Here’s a comprehensive look at the key events and trends…

Institutional Liquidity Providers and OTC Desks Absorbed 88% of Germany’s Bitcoin Sales

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Institutional liquidity providers, market makers, and over-the-counter (OTC) trading desks, regardless of the term you choose, have taken in most of Germany’s bitcoin since sales began in June 2024. Data reveals that only a small amount of BTC was moved to centralized crypto exchanges like Coinbase, Kraken, and Bitstamp. Institutional Players Absorb Bulk of Germany’s […] Original

Trump meme coins pop, Germany sells Bitcoin

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Among this past week’s top stories: The cryptocurrency market reacted after a gunman opened fire at a political rally, injuring former President Donald Trump; regulators dropped an investigation into Paxos; Germany emptied its Bitcoin (BTC) stash; and spot BTC exchange-traded funds (ETFs) recorded a recovery in net inflows. Trump meme coins boast double-digit growth The MAGA (TRUMP) coin’s market cap surged more than 14.7% over 24 hours. At the time of writing, it’s up over 30% and trading at $8.32 per unit. Other meme coins inspired by Ex-President Donald Trump…

Ethereum Bulls Gear Up For Recovery

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Ethereum (ETH) is gearing up for a price uptick as we begin a new week. Ethereum is currently trading at $3,195 and is up by 1.83% in the past 24 hours. Although Ethereum’s gains are part of a wider market rally after a rebound, the altcoin is in the best position to surge the most in the coming weeks. Related Reading Fundamentals point to an extended price surge in the face of a looming launch of Spot ETFs. Additionally, technical indications are pointing to a bullish outlook for Ethereum as…

Trump’s presidential odds soar to all-time high on Polymarket following assassination attempt

The likelihood of former U.S. President Donald Trump winning the upcoming U.S. presidential election has surged to a record high following a thwarted assassination attempt, according to bettors on the decentralized prediction market platform Polymarket. Trump, who was wounded during a rally shooting in Pennsylvania, saw his odds of winning the upcoming presidential election surge by approximately 10 points to 70% on Polymarket, a website that allows users to place bets on various events with cryptocurrency. Betting on Donal Trump winning the U.S. presidential election | Source: Polymarket A spokesperson…

Who’s Been Buying Up All The BTC Dumped By Germany?

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Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Related Reading Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops. According to on-chain data, Bitcoin’s standoff can be attributed to some whales, as many of them jumped on…

Bitcoin Price To Return Above $63,000? Here’s What Needs To Happen

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The Bitcoin price has shown good signs of recovery over the past seven days, returning above $58,000 to end the week. Interestingly, a prominent crypto analyst on X has identified a chart formation signaling a potential continuation of this resurgence by the premier cryptocurrency. Bitcoin Price Prints This Chart Pattern — What Next? In a new post on the X platform, popular crypto analyst Ali Martinez shared an exciting analysis for the Bitcoin price over the next few days. According to the crypto pundit, the flagship cryptocurrency seems to be…

Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe

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North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and […] Original