Tag: Data

Blockchain Data Reveals Lackluster Response To Trump New Crypto Token Launch

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Este artículo también está disponible en español. Donald Trump new cryptocurrency initiative, World Liberty Financial (WLF), has encountered significant challenges since its launch. According to a report by CNBC, the project aims to establish a crypto bank and was expected to attract considerable investor interest. However, the token sale, which began on Tuesday, was marred by website outages and technical issues, severely limiting participation. Trump Crypto Venture Faces Setbacks Zachary Folkman, co-founder of WLF, had previously indicated that over 100,000 individuals were on the whitelist for the investment opportunity. Despite…

Fidelity reports data breach of 77k customers to Maine Attorney General

American Financial Services firm Fidelity Investments filed a data breach report involving access to 77,000 customers’ personal information. On Oct. 9, Fidelity Investments filed a data breach notification to the Maine Attorney General’s office. The crypto exchange-traded fund stated that the breach affected 77,099 of its customers out of the total 51.5 million customers listed in the firm’s base. An unnamed third party reportedly used two recently established customer accounts to access and obtain customers’ personal information without authorization. The data breach occurred between Aug. 17 and Aug. 19. Fidelity…

Bitcoin Price (BTC) Declined Further After Poor Inflation Data

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Today’s inflation numbers are likely to reinforce the idea that the Fed may pause any rate cuts in November, but offsetting the disappointing CPI might be some weak employment data. Initial jobless claims – which had pretty much flatlined at very low levels for many weeks – shot higher to 258,000 last week from 225,000 previously and versus forecasts for 230,000. It’s unclear, though, how much the aftermath of Hurricane Helene might have affected the data. Original

Cardano (ADA) Testing $0.34 Support – On-Chain Data Suggests Price Consolidation

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Este artículo también está disponible en español. Cardano (ADA) is now at a crucial price level after weeks of intense volatility and uncertainty. Following a dramatic series of price swings—first a 27% surge, then a 20% retrace, then a 10% rise, and now a 7% dip to $0.34—Cardano finds itself at one of its most critical support levels. Holding this level is essential for bulls to maintain momentum and avoid a deeper decline. Related Reading Market data from Coinglass indicates that ADA may be entering a consolidation phase, often preceding…

Bitcoin Price Crash To $62,000 Was Led By This Holer Cohort, Data Shows

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Este artículo también está disponible en español. The Bitcoin price is still recovering from a major dip to $60,000 in the first three days of October. As the bulls and long-term holders continue to capitalize on the dip, analysis of on-chain data has revealed that the selling pressure has been eased massively as the majority of short-term holders have exited the market. Interestingly, these short-term holders are accountable for the drop to $60,000, as the data shows many of them exiting the market during the initial decline, further exacerbating the…

Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure

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Este artículo también está disponible en español. Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend typically points to increased accumulation and could foreshadow a bullish breakout. Related Reading As the broader crypto market evolves, Ethereum investors remain vigilant, anticipating a bullish reclaim that…

Whales didn’t sell Bitcoin at $62k, on-chain data shows

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Bitcoin faces yet another correction after surpassing the $62,000 mark on Oct. 2. However, data shows that whales haven’t taken part in the latest selloff. Bitcoin (BTC) consolidated around the $60,000 zone between Oct. 1 and 4 as the geopolitical tension between Iran and Israel heated up. Right after the U.S. jobs report, the flagship cryptocurrency reached a local high of $62,370 on Oct. 5 as the broader crypto market witnessed bullish momentum. BTC price – Oct. 6 | Source: crypto.news Bitcoin declined by 0.2% in the past 24 hours…

Can SUI Fall To $1.40? On-Chain Data Exposes Declining Demand

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Este artículo también está disponible en español. SUI is currently testing a crucial supply zone following a massive 95% surge triggered by the Federal Reserve’s recent interest rate cut announcement. The explosive rally, driven by significant buying pressure, has led to volatile price action, raising questions about whether this upward momentum can be sustained.  As SUI hovers near its current highs, market speculation is increasing around the possibility of a correction to lower demand levels, with $1.40 being the key target. Related Reading Key data from Coinglass reveals a decline…