Bitcoin (BTC) has been facing a persistent downtrend, with the cryptocurrency hitting new local lows of under $59,000. The recent drop below $60,000 during the mid-hours of the United States Monday trading session marked a new local low of $58,500. This decline has been fueled by ongoing outflows from the U.S. spot Bitcoin exchange-traded fund
Crypto
Bitcoin’s price has experienced a rapid decline in the last few days, failing to sustain above the $70K level. The market is currently at a crucial juncture, approaching a fundamental level that could determine its mid-term fate. Analyzing the daily timeframe, it is evident that the BTC price has been on a downward trend since
The surge in monthly stablecoin transfer volume to over $1.68 trillion in April signifies a significant increase from the $100 billion recorded in October 2020. This 16-fold rise demonstrates the potential of stablecoins in revolutionizing financial processes and enabling seamless cross-border transfers. Token Terminal’s recent data analysis showcased the astounding growth in stablecoin transfer volumes,
Artificial Intelligence (AI) cryptocurrencies have been making significant strides in the market, with projects like NEAR Protocol, The Graph, and Oasis Network leading the pack in terms of development activity over the last 30 days. According to the market intelligence platform Santiment, NEAR Protocol takes the number one spot with an index of 173.5, closely
The AVAX native token, belonging to the Avalanche blockchain, is experiencing a significant downturn this weekend. The token has seen a drastic drop of over 10%, hitting its lowest level since December 2023. Over the past 24 hours, it plummeted from $27.87 to a six-month low of $24.92, showcasing a 37% decrease over the past
The ongoing case involving Ripple has been a major point of discussion in the cryptocurrency industry. The outcome of this case is expected to have a significant impact on the price of XRP. Despite the uncertainty surrounding the SEC lawsuit, analysts are looking at technical patterns to forecast potential price points for XRP. One such
The month of May saw a significant milestone in the cryptocurrency industry, with a total of around 156 investments amounting to over $1 billion. This surge in investments signifies a growing interest in the crypto market, with Ethereum dominating the field. The report published by KuCoin Research sheds light on the massive inflow of funds
The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has raised concerns about the potential outcomes for XRP and the broader cryptocurrency market. As the trial phase continues, both parties are presenting their arguments, and the implications of a verdict in favor of the SEC could be significant. If Ripple were
The 24-hour trading volume of Tether (USDT) on the TRON network has reached an impressive $53 billion, surpassing the average daily trading volume of payment giant Visa for the first quarter of 2024, which stood at $42 billion. This milestone is significant considering Visa’s reputation as one of the world’s largest payment processors, facilitating billions
The crypto market has been abuzz with the emergence of political-themed meme coins in anticipation of the upcoming United States presidential debate. These meme coins, such as Super Trump (STRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP), have garnered significant attention and market capitalization in recent months. Bitfinex analysts have highlighted that
