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 recent performance of Bitcoin has left investors and traders disappointed as the leading cryptocurrency struggled to find solid ground in the ever-volatile crypto market. Not only has Bitcoin failed to impress, but it has also dragged down the prices of other large-cap assets, leading to significant losses across the board. The lackluster performance has
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
Standard Chartered Bank, a British multinational bank, has made headlines in the financial world with its decision to launch a trading desk for Bitcoin and Ether. This development marks a significant move for the bank, as it becomes one of the first global banks to engage in spot cryptocurrency trading. The bank has been actively
Over the years, Bitcoin has been a significant driver of market trends within the cryptocurrency space. Long-term holders of Bitcoin have traditionally played a crucial role in indicating market cycles. However, a recent divergence in behavior has been observed between Bitcoin and Ethereum holders. While Bitcoin holders have been liquidating their positions since January, Ethereum
Ripple, a prominent crypto company, is gearing up for legal battles as a US judge in California has given the green light to a lawsuit against the company. The lawsuit revolves around allegations of misleading statements made by Ripple’s CEO, Brad Garlinghouse. This decision paves the way for the case to proceed to trial, where
