The cryptocurrency market has been witnessing a surge in Ethereum accumulation by investors recently. With Ethereum currently hovering around $3,170, investors have been strategically accumulating this crypto asset in anticipation of a potential price surge. On-chain data has revealed a noticeable accumulation trend among Ether investors, with over $500 million worth of ETH being withdrawn
After the recent Bitcoin halving event, market experts are focusing on a potential bull run in the BTC market. A crypto analyst known as ecoinometrics has made a bold prediction regarding the price of Bitcoin in the current bull cycle. According to the analyst, if Bitcoin follows the growth patterns seen in previous bull cycles,
The recent Bitcoin halving event has caused a significant reduction in miners’ block rewards, resulting in a decrease in the daily issuance of BTC. This has a direct impact on the inflation rate of Bitcoin, making the digital asset scarcer in the market. As a basic economic principle, a decrease in supply coupled with steady
In the first quarter of 2024, NFT trading volumes across the top 10 marketplaces reached an impressive $4.7 billion. Leading the pack was Blur, maintaining its position as the top NFT marketplace with $1.5 billion in volume and capturing a market share of 27.6%. This marked a significant increase from the previous quarter, solidifying Blur’s
ADA, the native token of the Cardano network, has recently been at the center of speculation in the cryptocurrency market. This speculation has stemmed from a turbulent price performance, resulting in a significant decline of 18.77% over the past month. This negative price movement is not unique to ADA, as it aligns with the broader
The recent news of MicroStrategy founder Michael Saylor selling up to 370,000 shares of his brainchild comes as a significant development for the company. This follows his entry into a stock-sale agreement with the company last year, allowing him to unload up to 400,000 shares until April of this year. The total value of the
Ethereum, after going through a rapid downturn, has managed to find solid support within a critical zone. This zone includes the 100-day moving average and a significant price range between the 0.5 and 0.618 Fibonacci levels. The presence of this support zone indicates a potential bullish rebound in the medium term. A closer look at
Cryptocurrency analyst Rekt Capital recently took to Twitter to discuss the possible timeline for the next Bitcoin market peak, focusing on the impact of the Halving cycle on shaping BTC’s market trajectory. With the Bitcoin Halving expected to take place imminently, the market has been relatively calm, with the current price of Bitcoin sitting at
Bitcoin’s fourth halving event has finally taken place, reducing the block reward from 6.25 BTC to 3.125 BTC. This significant reduction marks a pivotal moment in the cryptocurrency industry, as it has now cut the daily issuance of Bitcoin in half, down to approximately 450 Bitcoin from the previous 900. This decrease in supply will
Recently, crypto exchange HashKey announced its intention to stop supporting transactions related to Binance, a popular cryptocurrency exchange. The decision, made public on April 19, entails restrictions on deposits from Binance starting May 10 and a complete end to support for virtual asset withdrawals to Binance-hosted wallet addresses by May 17. Despite this, transactions involving
