As the price of Shiba Inu has been underperforming recently, there have been significant indicators pointing towards a potential rally. One of the key factors is the substantial increase in daily active addresses for SHIB, which have surpassed 3,500, representing a 13% surge. This surge indicates a growing interest in the asset and suggests a
Crypto
The recent network outage that plagued Solana for five hours caused a significant hit to investor confidence in the platform. This outage was a result of a bug that caused transactions to enter an infinite loop, ultimately affecting the network’s functionality. Despite the steady inflows Solana-based investment products had been experiencing throughout the year, this
The rise of Bitcoin ETFs has caught the attention of analysts, with Bloomberg predicting that Bitcoin ETFs could potentially become larger investment vehicles than gold ETFs in as little as under 24 months. According to Bloomberg ETF analyst Eric Balchunas, Bitcoin ETFs have seen an influx of over $5 billion in inflows following their launch,
In recent times, Ethereum has witnessed a remarkable surge, surpassing key resistance levels like $2.8K and breaking through the significant milestone of $3K. This upward momentum indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer examination of
The price of Ethereum (ETH) has recently seen a significant spike, reaching over $3,100, which is close to a two-year high. This surge in price comes at a time when many other leading cryptocurrencies like Bitcoin (BTC), Solana (SOL), and Cardano (ADA) are showing little to no volatility, and in some cases, even minor losses.
The recent surge in Bitcoin’s price, reaching over $50,000 from under $20,000 since June 2023, has been attributed to the approval of several spot Bitcoin ETFs in the United States. While institutional investors have shown interest and made significant purchases, retail traders have been notably absent from the market. This absence raises the question of
Binance, one of the leading cryptocurrency exchanges, recently reached a $4.3 billion settlement deal after being accused of violating anti-money laundering and sanctions laws. The guilty plea from the exchange, as well as its founder Changpeng Zhao, also known as CZ, marks a significant development in the case. The U.S. Department of Justice had been
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a hot topic in the cryptocurrency industry for several years now. It all started in December 2020 when the SEC accused Ripple of conducting an unregistered securities offering by selling XRP tokens worth over $1.3 billion. Ripple, on the other hand,
Ethereum has experienced some volatility this week, with the price briefly breaking above $3,000 before entering into a correction. The key support at $2860 will be crucial for buyers to maintain the bullish momentum. Failure to reclaim $3,000 could lead to a deeper correction, although high timeframes still signal a bullish outlook. Any pullbacks are
The recent sale of SHEboshi NFTs, linked to the popular meme coin Shiba Inu (SHIB), created a buzz in the non-fungible token market. Within just under three hours after the launch, all 20,000 collectibles were claimed before the public minting phase. Originally priced at 0.05 ETH each, the floor price of these NFTs has now
Binance recently expanded its margin trading options by adding several new pairs and borrowable assets. Among the new cross-margin pairs are ADA/USDC, AVAX/USDC, MATIC/USDC, and XRP/USDC, while new isolated margin pairs include ACM/USDT, AVAX/USDC, FIO/USDT, IQ/USDT, NEXO/USDT, and QKC/USDT. Additionally, Binance introduced AC Milan Fan Token (ACM), FIO Protocol (FIO), and IQ (IQ) as new
Michael Saylor, the co-founder and executive chairman of MicroStrategy, has made it clear that he has no intentions of selling his or his company’s Bitcoin holdings. Despite the significant unrealized profit of approximately $4 billion, Saylor views Bitcoin as the ultimate exit strategy and the strongest asset in the market. He firmly believes that Bitcoin,
In a recent announcement, Coinbase International Exchange revealed that it has reached a significant milestone by hitting $1 billion in daily volume for the first time. This growth is a testament to the increasing demand for crypto perpetual futures trading among professional non-US traders. The exchange, which is based in Bermuda, was established outside of
Bitcoin, the leading cryptocurrency, has seen a remarkable journey over the past few years. Recently, it reached a milestone of $52,000 before encountering a barrier. Despite trading below this significant psychological threshold, the sentiment surrounding Bitcoin remains optimistic. Long-term holders of Bitcoin have been observed to collectively sell about 200,000 BTC from their stash since