Tag: Million

Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

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A dormant Ethereum whale has resurfaced, moving their 39,260 ETH worth approximately $87.5 million. According to data from Lookonchain, this Ethereum whale with almost $90 million in ETH recently woke up and decided to move its mountain of digital assets to an exchange.  Although it is unclear the motive behind this transfer, it appears to be to take profit on a 670% gain over the past five years.  Ethereum Whale Moves 39,260 ETH To Crypto Exchange The crypto market has had another flurry of price increases in the past few…

Crypto Pundit Reveals Why Bitcoin Is Worth As Much As $17 Million

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A crypto pundit and Bitcoin maximalist, Mark Harvey, has explained why he believes the foremost cryptocurrency Bitcoin, is far off from its true potential. According to him, the crypto token could be worth close to $17 million in the future.  Why One Bitcoin Could Worth $17 Million In a post shared on his X (formerly Twitter) platform, Harvey made a strong case for Bitcoin on why it could on why a price even greater than $17 million is likely. He referred to Bitcoin’s use case as a store of value…

Bitcoin Shakeout Drives $190 Million In Losses For Over 81,000 Traders

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Bitcoin has seen a pullback but not to the extent that bears have been expecting. Nevertheless, as a result of this, a lot of traders have incurred massive losses due to Bitcoin staging another unexpected recovery. The loss volumes have quickly risen to $190 million in one day as uncertainty remains the order of the day. Crypto Liquidations Reach $190 Million According to data from Coinglass, the 24-hour crypto liquidation volumes quickly rose above $190 million as Bitcoin completed a shakeout. This began with the price pullback to the $43,600…

BTC Bulls Targeting $9 Million In 2 Years

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According to @RiggsBTC on X, Bitcoin (BTC) is poised for an “unprecedented” surge that could lift it to above $9 million in the next two years. Taking to X on December 6, @RiggsBTC asserted that the current Bitcoin bull run, which began in late 2022 when prices dumped to as low as $15,000, marks the start of a “supercycle,” a period where BTC will aggressively rally, extending gains.  BTC “supercycle” to $9 million | Source: @RiggsBTC on X Will Bitcoin Hit $9 Million In 2 Years? The asset manager attributes this…

Worldcoin Foundation Announces $5 Million Community Grants Program Called ‘Wave0’

Remco Bloemen, the head of protocol at the Worldcoin Foundation, told CoinDesk in an interview that the grants are not just aimed at developers, but that “there’s a larger community effort here to be made, which is also like raising awareness, educating people of the importance” of the work the technology tries to solve, in terms of “income inequality, governance and other existential risks.” Source

1.7 Million Addresses Hit 2-Year High

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Several on-chain metrtics demonstrate the growing optimism about Cardano (ADA). Concurrently, the cryptocurrency has managed to break through a significant resistance level against the backdrop of a bullish market attitude. Not only is Cardano seeing a boost in momentum, but top altcoins are also feeling the effects. Strong positions held by Bitcoin and Ethereum above $40,000 and $2,200, respectively, add to the overall favorable market dynamics. Cardano Network Transactions Rise Cardano has been steadily rising, and expert cryptocurrency trader Ali Martinez pointed out that the cryptocurrency’s consolidation in the middle…

Solana TVL Balloons To Over $690 Million

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A transformative wave is sweeping through the decentralized finance (DeFi) arena, as novel blockchain platforms disrupt the status quo. Standing tall among these challengers is Solana, celebrated for its exceptional throughput and scalability. In a recent turn of events, Solana’s DeFi ecosystem has etched a momentous milestone, thrusting itself into the dynamic DeFi landscape. The surge in Total Value Locked (TVL) to an impressive $655 million signals a watershed moment, underpinned by the escalating interest and unwavering confidence in Solana’s prowess within the DeFi sector. Solana TVL Skyrockets: A Decisive…

300 Million Dogecoin (DOGE) Moved To Robinhood As Price Swells

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The Meme-based cryptocurrency Dogecoin (DOGE) has recently experienced a significant increase in whale transactions during an improvement in the crypto asset’s price. 300 Million Dogecoin (DOGE) Dumped In Crypto Exchange Data from the on-chain crypto tracker Whale Alert recently revealed that a massive amount of Dogecoin (DOGE) was transferred to Robinhood. This whale transaction has attracted the interest of traders and investors in the larger cryptocurrency space. According to the crypto tracker, the transfer was orchestrated by an unknown wallet address earlier today. The wallet address identified as DDuXG.ruc1wwKF sent…

MicroStrategy Boosts Bitcoin Holdings With $590 Million Purchase, Totaling 174,530 BTC

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In a testament to its unwavering confidence in Bitcoin (BTC), MicroStrategy, one of the largest Bitcoin holding companies, has once again expanded its cryptocurrency portfolio.  The company’s former CEO, Michael Saylor, announced the acquisition of an additional 16,130 BTC, valued at approximately $593 million. This strategic move comes as Bitcoin enters a phase of accumulation above the $37,000 mark. MicroStrategy Adds To Bitcoin Stash As announced, MicroStrategy’s latest purchase was made at an average price of $36,700 per Bitcoin. With this acquisition, the company’s total Bitcoin holdings now stand at…

$137 Million Moved By Long-Sleeping Whale, Market Braces For Impact

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Recently, the crypto community witnessed a notable event as a dormant Bitcoin whale, inactive for nearly four years, returned to the market. According to data from the crypto analytics platform Lookonchain, this enigmatic entity transferred 3,623 BTC, worth roughly $136.94 million, to two newly created wallets. Market Speculations And Potential Impact This mysterious investor initially accumulated their Bitcoin holdings at an average cost of $6,889 per unit from October 25, 2018, to December 31, 2019. Initially, the total investment stood at approximately $24.96 million. However, at present market conditions, this…