Bitcoin’s price movements on Nov. 26, 2024, paint a clear picture of bearish momentum in the short- and mid-term, with a pivotal support zone at $ 92,000 under close scrutiny. Bitcoin On the 1-hour chart, bitcoin‘s descent is evident, marked by a consistent pattern of lower highs and lows. A bold red candlestick sliced …
On Monday, the crypto economy nudged upward by 1.46% over the last 24 hours, reaching a hefty $ 3.35 trillion. While bitcoin (BTC) and ether (ETH) maintained their usual pace, a few standout digital assets stole the limelight. Among the frontrunners were ELF, SAND, GLM, ENS, and LDO, each carving out its moment in …
The bullish outlook of the crypto market along with recent meme coin listings has seen the Solana ecosystem register staggering trading volumes. Meme Coins Fuelling Solana’s Growth Solana (SOL) recently flipped BNB to become the fourth-largest cryptocurrency by market cap. This has resulted in a surge in trading volume on the blockchain known for its […]
U.S. spot bitcoin and ether exchange-traded funds posted another day of gains on Wednesday, with the leading crypto asset holding strong above the $ 90,000 mark. Bitcoin ETFs Soar: Blackrock, Fidelity Lead $ 510M Inflows On Nov. 13, the 12 spot bitcoin exchange-traded funds (ETFs) saw a strong inflow of $ 510.11 …
Tesla and Spacex CEO Elon Musk has launched a $ 1 million daily giveaway campaign, encouraging swing-state residents to sign a petition in battleground states. The billionaire gave the first $ 1 million to one man at a rally as he highlighted concerns about the country’s future and the urgent need for reform. …
Fresh data reveals that the 12 U.S. spot bitcoin ETFs had their best day in four months, raking in $ 555.86 million in gains. Meanwhile, the nine spot ether ETFs also enjoyed a good Monday, pulling in $ 17.07 million in positive inflows. Bitcoin ETF Inflows Skyrocket While Ether Funds Capture Modest Gains …
In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $ 1.66 trillion, a significant chunk of the $ 2.03 trillion crypto economy. This year, Bitcoin and Ethereum, the two biggest L1 chains, hit all-time highs in daily confirmed transactions. Yet, despite their progress, BTC …
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $ 1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and …
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $ 44.842 per PH/s. The dollar value of daily mining revenue per …
Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $ 73.05 million was added during the trading sessions, with Blackrock’s IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw …
The Bitcoin Office of El Salvador (ONBTC) has launched a site that allows anyone to confirm the treasury holdings of the country, offering a large degree of transparency in its finances. The site, composed as a custom instance of mempool space, a popular block explorer, confirms that the country has been purchasing one bitcoin per […]
Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses […]
Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks such as Optimism have also witnessed an uptick in activity. Arbitrum Transfers Spike Metrics indicate that […]
According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $ 643 million. Onchain experts have closely observed GBTC’s activities as a considerable number of bitcoin have been moved out of the trust’s reserves. Record-Breaking Outflow Hits Grayscale Bitcoin Trust Grayscale has continued to face …
This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $ 2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $ …