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
Crypto
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
The world of cryptocurrency has always been filled with controversy. From meme coins to tokens based on global events, the market is constantly evolving and reacting to the news around it. One recent event that highlighted this phenomenon was the attempted assassination of the former US President. The ongoing battle for power in the United
Bitcoin, the primary cryptocurrency, has seen a significant amount of volatility in the past week. Its price has been fluctuating between $54,000 and almost $60,000, currently trading at around $58,000 according to data from Coingecko. This heightened volatility has led numerous analysts to speculate about the possibility of a fresh resurgence in the near future.
In recent years, stablecoins have experienced several high-profile collapses and de-pegging events. Despite these challenges, stablecoins have managed to maintain and even increase their market share, showcasing a growing demand for these digital assets. The market, however, remains dominated by Tether’s USDT, although its stronghold has been weakening over the past couple of years. According
