In the month of May, KuCoin exchange’s research arm released a report highlighting the performance of cryptocurrencies. The report stated that there was $1 billion in new investments, which was actually a slight decrease from the previous month of April. This decrease sheds light on the fluctuating nature of the cryptocurrency market and the uncertainty
Crypto
The latest findings from blockchain intelligence firm TRM Labs have shed light on the significant rise in cryptocurrency deposits into crypto addresses associated with Chinese drug precursor manufacturers. The data revealed that in the first four months of 2024, the amount of cryptocurrency deposited more than doubled compared to the same period in 2023. This
Ethereum experienced a loss of 4.4% this week, losing its bullish momentum. The price was pushed down to the key support level at $3,500 by sellers. However, this pullback might just be a normal retest following the significant breakout after the ETF confirmation. As long as buyers can maintain the price above $3,500, there is
Bitcoin has been on a rollercoaster ride in terms of its price action, struggling to break past the all-time high of $73,000. Despite this, renowned brokerage firm Bernstein has maintained its optimism about the future trajectory of the digital asset. In their latest report, analysts at Bernstein have revised their long-term price forecast for Bitcoin
The recent price movements of Bitcoin have left investors on an emotional rollercoaster. Just yesterday, the leading cryptocurrency plunged to $65,000, marking its lowest point in a month. Despite a brief recovery, Bitcoin is still down by 1.5% for the day. The volatility in its price has resulted in over $200 million worth of liquidations
The cryptocurrency market has been experiencing a period of sideways movement after facing significant declines earlier in the week. Bitcoin, the leading cryptocurrency, has been struggling to surpass the $67K mark decisively. Despite attempting to break above $68K recently, sellers have been limiting its upward movement. As a result, BTC is currently trading around $67K,
Bitcoin options expiring today have a notional value of $1.35 billion, a relatively smaller event compared to previous weeks. The put/call ratio for today’s contracts stands at 0.49, indicating more long contracts expiring than short ones. The max pain point is $68,500, slightly above the current spot prices. Bulls are dominating BTC derivatives, with significant
The blockchain analytics platform Bubblemaps has raised concerns about possible insider trading in meme coin projects endorsed by influencers such as Andrew Tate and Iggy Azalea. The accusations, outlined in a detailed report on June 12, suggest that insiders may have obtained a significant portion of the token supply at the inception of the DADDY
Recently, Ethereum (ETH) has experienced a significant drop in price, falling to around $3,500 as reported by CoinGecko. This decline of 9% on a weekly basis has caused concern among investors. However, despite the current downward trend, many analysts remain optimistic about the future of ETH. Some even predict the possibility of new all-time highs
Recently, Terraform Labs reached a settlement with the Securities and Exchange Commission (SEC) regarding fraudulent activities related to the defunct Terra blockchain. The crypto firm has agreed to pay a staggering $4.47 billion fine as part of the settlement. This fine encompasses various components, such as disgorgement, prejudgment interest, and a civil penalty, all of
ENA, the native token of Ethena, has been experiencing intense pressure from sellers in recent weeks. This has led to a significant drop in its price, with ENA plummeting to $0.73, marking its lowest level since May 20th. The consequences of this price decrease have been particularly harsh for ENA stakers, as evidenced by the
The recent release of the latest US Consumer Price Index (CPI) data has had a notable impact on the cryptocurrency market, with Bitcoin and Ethereum experiencing a surge in prices. Over the past 24 hours, Bitcoin posted gains of 3.4%, while Ethereum saw an increase of 2.43%. Despite this upward trend, the market remains uncertain,
As risk assets in the financial sector face vulnerability, market experts have warned that bitcoin (BTC) could also be pushed into a “slow bleed environment” due to certain economic factors. Recent concerns about United States authorities not cutting interest rates soon have left risk assets, including BTC, looking shaky. The release of stronger-than-expected jobs data
The US spot Bitcoin ETFs, including GBTC, made a strong start to June despite hints of waning hype. In the first week alone, these ETFs collectively purchased 25,729 BTC. This was a significant increase compared to previous months. Data shows that in January, these ETFs acquired 33,456 BTC, followed by 116,561 BTC in February and