Tag: High

Solana Records New Monthly User High Amidst Persistent Price Drop

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Meme Coin Liquidity Hits Record High $128M Even as Bid-Ask Spread Spotlights Risk

The combined figure for DOGE, SHIB, PEPE, WIF, BONK, GROK, BABYDOGE, FLOKI, MEME, HarryPotterObamaSonic10Inu and HarryPotterObamaSonic, recently rose to $128 million, the data shows. The figure describes the total value of buy and sell orders within a 1% range of the current market price. The deeper the liquidity – that is, the higher the figure – the easier it is to execute large orders at stable prices. Source

Bitcoin Technical Analysis: BTC Faces Continued Downtrend Amidst High Selling Pressure

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Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour chart indicates […] Original

Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means

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Recent data from CryptoQuant has highlighted a significant shift in Bitcoin Miners behavior, with miner reserves dropping to their lowest levels since 2010 while over-the-counter (OTC) selling activity has surged to higher levels. What This Means For BTC At the beginning of the year, miner reserves stood at approximately 1.87 million BTC but have yet to grow to about 1.81 million BTC today, a level not seen since 2010. This reserve decline is notable as it indicates a higher propensity for miners to sell off their holdings. Typically, this could…

Italy to Increase Surveillance of Crypto Market With Fines as High as 5M Euros: Reuters

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CryptoX is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CryptoX was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CryptoX operates as…

investor profitability stays high despite market turbulence

Despite the aggressive market correction, with Bitcoin’s (BTC) value dropping to the lower end of the $65,000 zone and Ethereum (ETH) trading around $3,500, key market metrics remain optimistic. Notably, Bitcoin is trading at $65,217 at the reporting time, down 3.34% in the past week due to increased selloffs. Meanwhile, Ethereum has set sail on a recovery path, currently trading for $3,534 as it gains by a meager 0.34% over the last seven days Amid the current market conditions, Glassnode captured the sustained market optimism in its latest weekly report.…

Coinmetrics Report Explores the Risks of High FDVs in Crypto Markets

A new report by Coinmetrics, along with researchers Victor Ramirez, Matías Andrade, and Tanay Ved, delves into the complexities of crypto tokenomics. The report explores the intricate balance of token distribution, valuation, and market impact. Understanding FDV and Token Float: Key Insights From Coinmetrics In recent years, the launch Fully Diluted Valuations (FDVs) of crypto […] Source CryptoX Portal

Bitcoin Technical Analysis: BTC Endures Persistent Downward Trend Amid High Volatility

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As of June 17, 2024, Bitcoin is trading at $65,805, with a 24-hour intraday range between $65,518 and $66,992. The cryptocurrency market is displaying notable volatility, as evidenced by significant trading volume and fluctuating price levels. Bitcoin Bitcoin’s 1-hour chart reveals a clear downward trend following a recent peak, with key resistance and support levels […] Original

100 Largest Non-Exchange Ethereum Whales Now Hold All-Time High of $241,635,000,000 in ETH: Santiment

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The biggest whales on the Ethereum network currently hold an all-time high of $241.635 billion in ETH, according to the newest on-chain data. According to crypto analytics firm Santiment, the 100 largest non-exchange Ethereum whales hold a record high of 68.39 million ETH tokens, while exchange wallets have declined. “The top 100 Ethereum wallets on exchanges recently fell below its May 2018 all-time low, now at 8.41 million total ETH. This is a sign of increasing distribution over time. Meanwhile, the top 100 non-exchange wallets tell the opposite story, holding…