The CEO of CryptoQuant, Ki Young Ju, has made a bold prediction regarding Bitcoin’s potential to surpass its all-time high if its price remains above $45,000. Despite some uncertainty in the broader financial markets, Ju remains optimistic about the future of the cryptocurrency market. He warns that the market is still vulnerable and that a
Crypto
Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month during the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This surge in movement has raised eyebrows in the crypto community,
Shiba Inu (SHIB) has shown remarkable resilience in the cryptocurrency market, with a 20% surge on August 6. Despite a 18% decline on a weekly scale, SHIB’s price is around $0.00001359 – a significant improvement. The ecosystem of Shiba Inu has witnessed a surge in important indicators such as transaction volume and burn rate, signaling
The spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States have seen a significant increase in daily trading volume, surpassing $5 billion on August 5th. This surge in trading volume marks the first time since mid-April that such high numbers have been reached. Contributors to Trading Volume According to DefiLlama data, BlackRock’s IBIT ETF
The crypto market has made a remarkable recovery after experiencing a significant downturn that saw $500 billion wiped out in less than a week. This drastic decrease caused the total market capitalization to fall to $1.83 trillion on August 5, driven by Bitcoin’s drop below $50,000 and Ethereum’s decline to below $2,200. However, the market
Following a significant market crash that saw Ethereum plummet by 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a surge in inflows. On August 5, aggregate inflows for the nine newly introduced spot ETH ETFs totaled $49 million, marking the second-highest inflow day since their launch. This demonstrates a strong interest from
Senator Cynthia Lummis of Wyoming has introduced a groundbreaking bill known as the Bitcoin Act. This bill proposes the addition of 1 million BTC, valued at approximately $64 billion, to the U.S. government holdings over a period of five years. Senator Lummis has likened this move to the historic Louisiana Purchase, emphasizing the significance of
In the latest financial report, Riot Platforms revealed a staggering net loss of $84.4 million in the second quarter of this year, a significant increase from the $27.4 million loss recorded in the same period last year. These widened losses can be attributed to the ongoing effects of April’s Bitcoin halving, which has had a
In July, the total stablecoin market capitalization experienced a 2.11% growth, reaching an impressive $164 billion. This steady increase marks a ten-month consecutive ascent for major stablecoins, with their market dominance now standing at 6.93%. Tether, the largest stablecoin by market cap, saw a substantial 1.61% increase to $116 billion, setting a new all-time high.
Marathon Digital (MARA) recently released its second-quarter revenue report, which failed to meet Wall Street’s expectations. The company reported revenue of $145.1 million, missing the forecast of $157.9 million by approximately 9%. This revenue miss was attributed to various operational challenges, including unexpected equipment failures, transmission line maintenance at its Ellendale site, an increased global
