Grayscale’s Bitcoin Trust (GBTC) moved more than 19,000 bitcoin (BTC) from its publicly known wallet Wednesday morning. Since the spot bitcoin ETFs opened for business on Jan. 11, Grayscale has now moved nearly 113,000 bitcoin from its wallet, the overwhelming majority of which was to Coinbase Prime in preparation for sale, according to data compiled from Arkham. Original
Today’s surge in the price of RON has caught the attention of the cryptocurrency market, with the Ronin token going up by more than 200% in the last month. In its first nine months, Ronin has racked up 250,000 unique daily active addresses, $5 billion in total value locked (TVL), over 2 million wallet downloads, and 15% of all NFT transactions on the market. Its DEX Katana is the second-most popular decentralized exchange by weekly active users and allows for millions of in-game transactions. Ronin: Gaming Blockchain Thrives Amidst Market…
Akash Network’s native token, AKT, has registered impressive gains after touching a local bottom of $2.3 on Jan. 22. AKT is up by 13% in the past 24 hours and is trading at $2.7 at the time of writing. The asset’s market cap surpassed the $600 million mark again after witnessing a sharp decline over the weekend — AKT is currently sitting at the 94th spot among the leading cryptocurrencies. AKT price, social volume and RSI – Jan. 24 | Source: Santiment On-chain data shows that the cloud computing platform…
In a new video update, renowned crypto analyst Michael van der Poppe dissected the current dynamics of the crypto market, emphasizing the potential of select altcoins. VVan der Poppe’s analysis provides a strategic viewpoint for potential investors, focusing on the intricate relationship between Bitcoin’s (BTC) price movements and the broader altcoin market. Van der Poppe started by acknowledging the mixed performances among altcoins, with some consolidating, others correcting, and a few showing remarkable strength. The crux of his analysis hinges on the intricate relationship between Bitcoin’s market behavior and the…
This week, our top cryptocurrencies — XRP (XRP), Dogecoin (DOGE) and Injective (INJ) — take center stage, on the heels of Bitcoin’s (BTC) slump and the global crypto market cap losing about $100 billion due to price upswings and dumps. Bitcoin reached a two-year high of $49,000 on Jan. 11, when bitcoin ETFs began trading in the U.S. Since then. the asset plummeted and is now trading at $41,807.60, up by just .34% on Sunday, Jan. 21. XRP battles $0.55 The latest market collapse impacted most mainstream assets, and XRP…
Top global crypto exchange Binance has announced plans to support another new altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 45th project will be AltLayer (ALT), an open and decentralized protocol for Ethereum (ETH) rollups. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. They’re designed to help with scaling by reducing transaction costs and congestion on the main Ethereum chain. Between January 19th and the 25th, Binance users can stake BNB as well…
Despite recent dips in price, Bitcoin is still on track for further gains, according to BitQuant. Based on technical analysis, the analyst predicts that the world’s most valuable coin will likely top out at $61,000, not $50,000, as some analysts have suggested. Bitcoin Has Room For Growth, May Peak At $61,000 Sharing a screen grab on X, the analyst argues that based on Bitcoin’s history, prices tend to peak once it retests the 2X100 exponential moving average (EMA). So far, prices are lower, trading below $45,000, and the uptrend is valid…
Bitcoin price reached highs of close to $50,000 a coin this year until an abrupt, 15% selloff stopped the climb and put the overheated crypto market on ice. The pullback has caused an early “top” warning signal to fire in BTCUSD, but data suggests that the top cryptocurrency could double before the actual top is in. Fishing For A Top Signal With the Fisher Transform Spot BTC ETF hype helped drive the price of Bitcoin from lows around $15,000 to over $45,000 per coin – a 300% increase. Peak post-ETF…
Elon Musk-backed meme coin Dogecoin (DOGE) has seen a significant price correction in recent days, falling over 14% in the past 30 days, due to the market’s waning sentiment surrounding the hype generated by the approval of Bitcoin Exchange Traded Funds (ETFs), and the lack of bullish catalysts. After reaching an 11-month high of $0.1073 on December 11, 2023, DOGE witnessed a decline to the $0.0743 level. However, over the past 7 days, the meme coin has managed to break the downtrend, recording a 2% surge. This positive movement has…
According to CoinMarketCap, the world’s most-referenced price-tracking website for cryptoassets, SUI is the day’s top gainer at 17%, followed by FTT and BLUR. Top Crypto Gainers And Losers Today | Source: CoinMarketCap As the Jan. 12 leader, Sui (SUI) represents a pioneering Layer 1 blockchain and smart contract platform crafted to facilitate fast, private, and secure digital asset ownership. As of the latest update, the live Sui price is $1.18, accompanied by a 24-hour trading volume of $870 million, reflecting a 17.7% increase in the last 24 hours. Today, Sui’s…