Bitcoin surged past the $63,000 mark this week, coinciding with Whale Alert’s detection of a dormant address containing 1,000 BTC worth approximately $60 million being activated on July 15th. This particular wallet had been inactive for over a decade, originally receiving the coins back in September 2012 when the value was a mere $11,908. The
Crypto
In recent days, the cryptocurrency market has seen a surge of $200 billion, bringing a wave of green across various digital assets. Bitcoin (BTC) and Ethereum (ETH) have experienced significant upticks, with BTC reaching above $63,000 and ETH surpassing the $3,300 mark. Alongside these mainstream cryptocurrencies, meme coins such as Dogecoin (DOGE) and Shiba Inu
The Layer 2 network, Scroll, has been making waves in the decentralized finance (DeFi) space with a remarkable 23% increase in Total Value Locked (TVL) over the past seven days. According to L2Beat data, Scroll has reached a TVL of $1.03 billion, solidifying its position as the 8th Ethereum Layer 2 network to surpass the
In the past week, digital asset investment products experienced a surge in buying activity, with inflows totaling an impressive $1.44 billion. This contributed to a staggering year-to-date inflow of $17.8 billion, breaking the previous record set three years ago. Despite this influx of capital, trading volumes remained relatively low at $8.9 billion, underscoring the relatively
XRP recently experienced a significant price surge, outperforming major cryptocurrencies in the market. The digital asset saw a 27% increase in price over a period, indicating a promising trend for investors. This surge comes amidst a broader rally in the cryptocurrency sector, with the market capitalization reaching over $2.4 trillion. Optimistic Predictions for XRP Some
Bitcoin has surged back to the $63,000 level, reaching a two-week high in early trading on Monday, July 15. Analysts have pointed out that this increase may indicate a break in the recent downtrend. According to on-chain analytics platform CryptoQuant, the move has been primarily driven by “U.S. whales” as institutional Bitcoin purchases have started
Metaplanet, an investment firm based in Japan, recently made a significant purchase of Bitcoin worth 42.4 Bitcoin for approximately $2.4 million. This move was announced in a press release on July 8, where the firm mentioned its intention to add to its existing holdings of over 203 BTC. The decision to invest in Bitcoin is
The upcoming United States elections set for November could have far-reaching implications for the American crypto industry, as candidates hold divergent views on digital assets. Crypto exchange Coinbase predicts that crypto voters will play a pivotal role in the election’s crucial races, particularly the presidential competition. Crypto Ownership in Battleground States A recent survey conducted
Cryptocurrency, especially Bitcoin, is gaining significant importance in the political arena, particularly in the context of the 2024 presidential election. Recent polls have shown a shift in voter sentiments, especially among Republicans, based on their candidates’ stance on cryptocurrency. According to a study funded by crypto-focused investment firm Paradigm, a considerable number of Republicans have
Bitcoin (BTC) is currently facing a crucial moment in its price trajectory, with indicators suggesting conflicting signals about its future movement. While some metrics point towards a possible bottoming out of the recent correction, others indicate a potential further decline in the price. Stablecoin Liquidity Growth One key factor influencing the price movement of bitcoin
