On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows. 3 Leading Bitcoin ETFs Experience Major Outflows Grayscale’s Bitcoin Trust (GBTC) experienced a significant outflow of $69.12 million, bringing its total net […] Original
Bitcoin (BTC) has long been the cornerstone of the cryptocurrency market, celebrated for its pioneering role in the digital asset space. As the first cryptocurrency, Bitcoin (BTC) has established itself as a store of value and a hedge against economic uncertainty. Historically, BTC has demonstrated significant volatility, with notable price surges and dips that have shaped its reputation as both a high-risk and high-reward investment. Current Market Challenges Despite its established status, Bitcoin (BTC) faces several challenges. Recent market fluctuations, regulatory scrutiny, and macroeconomic factors have introduced volatility, causing uncertainty…
Bitcoin can’t seem to leave the $60,000 price level as it continues to trade in uncertainty. On Saturday, August 3, the cryptocurrency experienced another sharp decline, briefly dipping below the $60,000 mark. Although this drop lasted only a few minutes, it was quite significant, especially given that Bitcoin had traded above $62,000 earlier the same day. This fluctuation has notably impacted market participants, leading to the liquidation of numerous long positions. Related Reading At the time of writing, over $197 million worth of leveraged positions have been liquidated in the…
Top US-based crypto exchange platform Coinbase is adding support for the native asset of a layer-1 blockchain that recently rebranded itself. In a new announcement, Coinbase says it’s adding layer-1 protocol Gravity (G), formerly known as Galxe (GAL), to its listing roadmap, which was created in 2022 as a means of increasing transparency and stifling front-running. Gravity is an interoperable smart contract platform that aims to securely and efficiently perform cross-chain transactions, according to its official website. “To meet the demands of high-throughput applications, Gravity features a cross-chain settlement protocol…
Monero is currently the top-performing cryptocurrency among the top 100 by market cap over the past 24 hours. On Aug. 2, Monero (XMR) rose above $164, posting intraday gains of nearly 5%, while most of the crypto market struggled while Wall Street traded deep in the red. Monero, a privacy coin, has faced challenges in recent months, mainly due to several exchanges delisting its native token amid increasing regulatory scrutiny. Despite this, XMR remains one of the top 100 coins by market cap, currently ranking 27th with a market cap…
New and innovative coins are constantly emerging. One such cryptocurrency, Mpeppe (MPEPE), is making waves with its unique approach and strategic use of Ethereum (ETH). This article explores the potential of Mpeppe (MPEPE) to become a top cryptocurrency and how it leverages Ethereum (ETH)’s power to achieve its goals. The Viral Potential of Memecoins Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid dissemination of the cryptocurrency’s brand and message across various online platforms, potentially attracting a…
Industry experts expressed optimism about the sector and the leading cryptocurrency’s price performance post-halving in comments to crypto.news today, July 31. Bitcoin mining has been in the spotlight since the latest Bitcoin halving in April. The post-halving scenario typically marks a period of struggle for miners, as it reduces mining rewards, which, of course, affects miners’ profitability. However, in comments to crypto.news today, several mining industry insiders suggested that Bitcoin miners are bullish on the current market outlook. According to Sascha Grumbach, founder and CEO of Green Mining DAO, miners…
Over the past day, the crypto economy has grown by 2.57%, reaching $2.48 trillion on Monday, July 29. Bitcoin has climbed over 3% since last week, while ether has decreased slightly by over 3% during the same period. The highest gainer this week was ecash (XEC), which increased nearly 17% over the past seven days. […] Original
CoinspeakerBitcoin Cash Soars 13% in 24 Hours, Outperforming Top 100 Cryptocurrencies Bitcoin Cash (BCH) has made headlines with a remarkable 13% increase in the past 24 hours, emerging as the top performer among the leading 100 cryptocurrencies on July 29. This surge brings BCH price to approximately $451, elevating its market cap to $8.75 billion and solidifying its position as the 16th largest cryptocurrency. Despite this recent growth, BCH is still about 88.3% below its all-time high of $3,785.8, achieved on December 20, 2017. Key Drivers Behind the Rally Several…
Brett, the largest meme coin on the Base Blockchain, surged by over 12% on Monday as positive sentiment spread through the crypto and stock markets. At the time of writing, Brett (BRETT) was still up 11.7%, trading at $0.1395, according to data from crypto.news. Over the same period, the meme coin, inspired by a character from the “Boy’s Club” comic, had a daily trading volume of $50.7 million. BRETT 24-hour price chart | Source: crypto.news BRETT has now become the 71st largest cryptocurrency, with its market cap exceeding $1.38 trillion.…