In the landscape of digital asset investments, the past week has illustrated a complex interplay of market forces. With a total outflow of approximately $147 million from investment products, the recent economic indicators have played a significant role in shaping investor sentiment. Stronger-than-expected data has dampened prospects for substantial interest rate cuts, which typically influence
Crypto
Bitcoin has been facing significant resistance in its recent bid to regain ground above the pivotal 200-day moving average. As it stands, the cryptocurrency’s price struggles around critical support levels and is teetering on the edge of a more profound decline. After a recent attempt to rebound from a support zone near $60,000, Bitcoin was
The cryptocurrency market continues to exhibit significant volatility, characterized by a robust tug-of-war between buyers and sellers. A recent surge in market activity saw several digital assets post gains, only for those gains to evaporate in a dramatic downturn. As of the latest reports, approximately $230 million in derivatives have been liquidated, suggesting that traders
The Open Network (TON) has recently reached a significant milestone, capturing the attention of both enthusiasts and analysts within the crypto space. With its linkage to Telegram, a leading social messaging platform, TON has seen an explosion in unique wallet addresses, now exceeding 100 million with non-zero balances. This rise represents an impressive 95% increase
In a significant update for cryptocurrency traders, Binance has announced that it will convert specified holdings of recently delisted cryptocurrencies into USDC by April 28, 2025. Users holding coins such as Tornado Cash (TORN), Vai (VAI), and others, now face a critical timeline with withdrawals of these coins allowed only until October 28, 2024. This
On the morning of October 7, the cryptocurrency market experienced an unexpected shock as Bitget’s BGB token plummeted 50%, dropping from $1.14 to $0.64. Although the price rebounded shortly thereafter, the abrupt change raised numerous questions about market stability and risk management within cryptocurrency platforms. Such volatility can unsettle investors and highlight the sensitive nature
Metaplanet, a well-known player in Japan’s cryptocurrency market, has made headlines yet again with its recent acquisition of 108.786 Bitcoin for 1 billion yen, translating to approximately $6.7 million. This move is an indicator of the firm’s unwavering bullish outlook on Bitcoin, which it now considers a pivotal component of its treasury reserve strategy. With
The month of October has exhibited a tumultuous journey for Shiba Inu (SHIB), often characterized by the whims of cryptocurrency markets. Initially, this meme coin saw a downturn, prompting worries among investors as it fluctuated with the broader trends in the crypto sphere. Yet, just as analysts and traders began to adjust their expectations, SHIB
The world of sports sponsorship is undergoing a significant transformation, particularly within the Premier League (PL), where clubs are increasingly turning to cryptocurrency firms as a fresh source of revenue. A recent report from Bloomberg has highlighted that PL teams have collectively secured a record-breaking $170 million in sponsorship deals with various crypto companies for
The cryptocurrency market is known for its volatility, but even by its standards, the past week has been particularly turbulent for Bitcoin and Ethereum exchange-traded funds (ETFs). Following a notable period of significant capital inflow, recent geopolitical tensions, particularly surrounding conflicts in the Middle East, seem to have prompted a drastic shift in investor sentiment.
