Tag: Market

Bitcoin, Ethereum On Exchanges Drop To New Lows, What A Supply Squeeze Would Mean For The Market

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Recent data shows that the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges has dropped significantly. This means the largest crypto tokens by market cap could be well-primed for significant moves to the upside, with a supply squeeze imminent.  Supply Of Bitcoin And Ethereum Drop To New Lows BTC ECHO analyst Leon Waidmann shared Glassnode data, which showed that exchange balances for Bitcoin and Ethereum are at their lowest in years. Bitcoin’s supply on exchanges has dropped to 11.6%, while Ethereum’s supply has dropped to 10.6%. This suggests that…

BRETT memecoin hits $1b market cap

The memecoin, which debuted three months ago, now boasts a market capitalization of over $1 billion,  This meteoric rise is notable when compared to other popular memecoins. Dogecoin (DOGE), for example, took several years to achieve the same milestone. BRETT is an original character from the Boy’s Club series created by Matt Furie, who also created the famous cartoon that inspired the popular Pepe meme and the PEPE memecoin.   “This isn’t even the pregame warm-up. We are still in the pre game locker room for Brett,” said BRETT trader Crash.…

PEPE Shows Persistent Bullish Strength As Market Optimism Grows

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PEPE has been on a remarkable upward trajectory, showcasing significant bullish momentum that has caught the attention of traders and investors alike. This sustained uptrend suggests strong market confidence and growing optimism about the prospects of PEPE. As the cryptocurrency continues to climb, market analysts are closely monitoring key indicators and trends to gauge how long this bullish phase might last and what potential heights PEPE could reach. In this analysis, we will dive into PEPE’s price prospects with the help of some technical indicators. As of the time of writing,…

Sleepy Crypto Market ‘May Get Caught Offside’: QCP Capital Eyes Bullish Shift in Ethereum

This weekend, the Singaporean cryptocurrency firm QCP Capital reported a significant drop in market volatility after the approval of spot ethereum (ETH) exchange-traded funds (ETFs), despite ongoing catalysts. QCP highlighted that bitcoin is under bearish pressure due to potential new supply from the Mt Gox distribution, estimated at $9.6 billion, and from the DMM Bitcoin […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Notcoin (NOT) Notches 47% Daily Profit To Emerge Top Market Gainer

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Popular play-to-earn token Notcoin (NOT), has continued to retain investors’ attention over the last week with a stunning positive market performance. According to data from CoinMarketCap, Notcoin gained 46.97% in the last day emerging as the top-performing asset in the market. Related Reading Notcoin Records Weekly Gains Of 238% With the general crypto market showing a stable price movement, Notcoin’s explosive performance which indicates a high level of buying pressure has taken center stage among spectators, analysts, and prospective investors.  The crypto gaming project was initially introduced as a closed…

NFT market slumps over 7%: Ethereum leads despite declinee

The non-fungible token (NFT) market experienced another sluggish week, with overall sales dipping by 7.5% over seven days, reaching $121.4 million on June 1.  Top blockchains by sales volume Over the last seven days, Ethereum (ETH) has stayed in first place as the leading blockchain for NFT transactions after overtaking Bitcoin (BTC) last week. According to data from CryptoSlam, the blockchain maintained its dominance with total sales of $37.43 million, despite an 11.24% decrease from the previous week.  Bitcoin, the second most active blockchain for non-fungible token sales, raked in…

Penguiana Doubles Market Cap to Over $2.5 Million Ahead of GUIANA NFT Mint

Penguiana, the distinctive penguin-themed meme coin on the Solana blockchain, continues to captivate the crypto community, achieving a new milestone by doubling its market cap to over $2.5 million according to Dexscreener. This surge in valuation underscores the strong investor confidence and community enthusiasm surrounding the project, especially with the impending launch of the GUIANA […] Source CryptoX Portal

CryptoQuant Analyzes Potential Market Effects Of The $9.4B Movement

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Mt. Gox, the defunct Bitcoin (BTC) exchange that suffered a major collapse in 2014 has recently initiated payout distribution to creditors waiting for it.  The release of a substantial amount of BTC, equivalent to $9.4 billion, on May 27th has raised concerns about potential market liquidity and price stability. In response, the on-chain market intelligence platform CryptoQuant has provided an analysis of the potential impacts of this development.  Potential Market Effects According to the firm’s analysis, 138,000 Bitcoin moved significantly from Mt. Gox in seven transactions, each worth 4,000 to…

Is Crypto on the Cusp of a Bull or Bear Market? Using Consensus 2024 as a Barometer

“Consensus this year compared to last year felt like night and day,” said Wick. “The maturation was evident in the conversations, the speakers, the sponsors and the intentional inclusion of groups that are working to make the industry more diverse,” she added, noting the outreach done this year to include diversity groups like LGBTQ+ advocates at Web Q. “The industry’s best chance at sustaining a bull run is through maturation and increased integrity, and Consensus this year clearly reflects a positive move in that direction,” she concluded. Source