The recent Bitcoin rally, fueled by Grayscale’s victory against the US SEC, appears to be losing steam. Analysts have observed a concerning trend in the total supply of stablecoins, indicating that this rally may not be sustainable. In this article, we will delve into the relationship between stablecoin supply and Bitcoin’s performance, highlighting the potential
Bitcoin
Ripple’s token price is currently facing significant bearish signs, struggling to recover above $0.540 and $0.550 against the US dollar. The price is now trading below $0.550, and there is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP/USD pair. Moreover, if the price breaks below $0.500,
On-chain data suggests that Bitcoin might face a significant resistance level at $28,100, based on historical patterns. Analyzing the realized price of short-term holders (STHs), it becomes evident that when the BTC spot price approaches this level, it sets the tone for the future trend of the cryptocurrency. This article delves into the potential implications
The Ripple community is buzzing with excitement as the company’s CEO and founder unveils plans for an extravagant celebration to commemorate their momentous victory against the US Securities and Exchange Commission (SEC). This victory not only signifies a notable win for Ripple, a leading global payments network, but also represents a significant milestone for the
Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to halt 39 liquidity mining pools due to its latest assessment. The platform has stated that these pools will cease operation on September 1, 2023, after failing to meet the assessment’s standards. This move comes as Binance aims to review listed liquidity pools
The world of cryptocurrencies is constantly evolving, and one coin that has recently gained significant attention is Toncoin (TON). In the past week alone, Toncoin’s price has surged by over 8%, sparking renewed interest in cryptocurrency and generating discussions about its potential for sustained growth in the future. With a current price of $1.46, Toncoin
Shibarium, the layer 2 blockchain, has recently made a stunning comeback and relaunched. This relaunch has caused a significant surge in the price of its native token, Bone Shibaswap (BONE), setting new milestones for the token. In the last 24 hours since Shibarium’s official relaunch on Thursday, August 24, the BONE token has experienced a
Back in July, Judge Analisa Torres declared that XRP programmatic sales should not be classified as securities. This ruling initially caused a rally in the price of the XRP token, as it provided clarity and relief to investors. However, as time has passed and the United States Securities and Exchange Commission (SEC) has begun to
The world of cryptocurrency has witnessed a significant surge in the value of Artificial Intelligence (AI) tokens. With chipmaker Nvidia attaining an all-time high, it becomes clearer that their investment in the AI sector has paid off. As per the latest data from crypto market tracker Coingecko, AI-based cryptocurrencies have recorded double-digit gains. This article
Bitcoin, the world’s leading cryptocurrency, has been experiencing a period of unusually low volatility. With the price hovering around $29,000, experts are closely monitoring the market for signs of a potential breakout. This prolonged period of stability is reminiscent of a similar phase in 2016, indicating that a significant price movement may be on the