Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days remaining in 2024 after the launch of spot bitcoin ETFs in January, this analysis dives into the top ten entities […] Original
Although August was one of the worst months for Bitcoin (BTC) price this year, retail investor activity on leading centralized exchanges rebounded significantly. Reaching nearly $910 billion, August volumes hit their highest levels since May 2024. However, it’s worth noting that this is still over 50% less than the record-breaking March, when volume reached $2.1 trillion. Top Crypto Exchanges Continue Upward Trend According to the latest analysis by Finance Magnates Intelligence, the total spot volume for the 10 largest centralized exchanges in August was $908 billion, representing a 5% increase…
Este artículo también está disponible en español. An analyst has explained how Bitcoin will likely continue the latest bullish swing, at least in the short-term. Bitcoin Spot Exchange Supply Has Been On The Decline Recently In a new post on X, analyst Willy Woo has discussed the short-term and medium-term trajectories that BTC could follow. For the former, the analyst says the bullish trend would continue, with “likely 1 week left in play.” Related Reading In the medium term, things appear to be more complicated, as Woo has pointed out…
Este artículo también está disponible en español. Solana (SOL) faces significant risk as the broader cryptocurrency market rebounds from local lows, yet SOL struggles to break above the crucial $140 resistance level. This underperformance has raised concerns among investors, with many worried about Solana’s inability to keep up with the market’s recent surge. Related Reading Some analysts are even predicting a deep retrace to its yearly low of around $78 if the price continues to lag. Despite holding relatively well during Bitcoin’s and other altcoins’ earlier crashes, Solana’s current price…
Surges in Binance spot volume have coincided with local market tops in the past. In fact, similar instances on Aug. 8, 15, 20 and 23 were all followed by a pullback in the price of bitcoin. True to form, the cryptocurrency has retreated below $60,000 following this most recent uptick. Original
SquidGrow price is down 18% since hitting a new high on September 15, with the 24-hour price fluctuating just above $0.028. The SquidGrow meme coin, which recently migrated its token from the Binance Smart Chain to a new contract on the Ethereum (ETH) network, fell sharply to lows of $0.025. The losses saw the SQGROW token touch its all-time low, with the price down 18% from its peak of $0.034 on Sept. 15. Although SquidGrow’s price remained negative over the past 24 hours at the time of writing, it signals…
Este artículo también está disponible en español. As we enter the final quarter of 2024, the cryptocurrency market is shifting gears, presenting both challenges and opportunities. After a rough August and a bearish start to September, major cryptocurrencies like Bitcoin are struggling to find stable ground. While BTC has dipped below key support levels, other altcoins like Ethereum (ETH), Starknet (STRK), and Mpeppe (MPEPE) are catching the attention of savvy investors as top picks for October. Starknet and Ethereum: Layer 2 Scaling Solutions on the Rise Ethereum (ETH) has long…
Este artículo también está disponible en español. Crypto analyst Ali Martinez has revealed the bearish sentiment among Binance’s top traders towards Bitcoin. This development suggests that the flagship crypto might soon experience significant downward pressure. Binance Top Traders Are Shorting BTC Martinez revealed in an X (formerly Twitter) post that 51.41% of the top traders on Binance are shorting Bitcoin. This indicates that these traders expect the flagship crypto to experience a price decline despite its recent recovery above $60,000. Indeed, BTC started this week with a price correction, dropping…
Este artículo también está disponible en español. In the dynamic and fast-paced world of cryptocurrency, it’s not uncommon for newcomers to disrupt the status quo. One of the latest developments in the market has seen Mpeppe (MPEPE) overtake Internet Computer (ICP) as a top gainer, leading to a wave of ICP holders considering liquidation. While ICP has been a solid performer, the rapid rise of Mpeppe has caught the attention of many investors, creating a shift in the market’s focus. The New Impact of Mpeppe (MPEPE) Mpeppe (MPEPE) is a…
Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs. The senators urged companies to implement stronger measures to combat the […] Original