The cryptocurrency landscape is recognized for its inherent volatility, a characteristic that continues to challenge traders, investors, and enthusiasts alike. As the recent oscillation in prices exemplifies, the clash between bullish buyers and bearish sellers is becoming increasingly pronounced. After a brief surge, the market is now experiencing a correction phase, as many leading cryptocurrencies
Crypto
Bitcoin has faced significant challenges in recent weeks, particularly in terms of its price recovering beyond the critical 200-day moving average. Currently, the cryptocurrency is caught in a precarious position. After attempting to rebound from the support level anchored at $60,000, recent market patterns suggest that Bitcoin could be on the brink of further declines.
The Open Network (TON) has recently achieved a remarkable feat in the crypto sphere, reaching 100 million unique wallet addresses with non-zero balances. This milestone demonstrates an astonishing 95% increase in active users since the beginning of the year, which stood at a meager 4.3 million. This growth can be attributed to the effective integration
In the ever-evolving landscape of digital asset investments, recent metrics indicate a cautious sentiment among investors. Over the past week, investment products in digital assets experienced modest outflows amounting to $147 million. This development comes on the heels of unexpectedly robust economic data, which has tempered earlier speculations regarding substantial interest rate cuts. Such macroeconomic
In a pivotal move, Binance has announced its plans to convert specific delisted cryptocurrency holdings into USDC by a designated deadline of April 28, 2025. This initiative primarily affects users holding assets in several cryptocurrencies that have recently been removed from the platform, including Tornado Cash (TORN) and OMG Network (OMG). The company has also
October has proven to be a complex month for Shiba Inu (SHIB), a token that many in the crypto community have closely monitored. Following a notable downturn at the beginning of the month, SHIB recently regained momentum, experiencing a 4% increase in value. This uptick seems to coincide with a revival in the wider meme
The Premier League (PL) is witnessing a substantial transformation in its sponsorship landscape, particularly as it embraces partnerships with cryptocurrency firms. With recent reports highlighting that PL clubs have landed a staggering $170 million in crypto sponsorship deals for the upcoming 2024/25 season, it becomes clear that this movement is reshaping the traditional revenue streams
On October 7, BGB, Bitget’s native token, experienced a dramatic 50% price decline in just a few short hours, highlighting the inherent risks and unpredictable fluctuations within the cryptocurrency market. Starting at $1.14, it plummeted to $0.64 before rapidly regaining ground. This untimely shock left many investors reeling, triggering discussions on market stability and the
In a significant move reflecting confidence in the cryptocurrency market, Metaplanet, a Tokyo-listed company likened to America’s MicroStrategy, has bolstered its Bitcoin holdings by acquiring an additional 108.786 BTC, valued at approximately 1 billion yen (around $6.7 million). This acquisition has pushed its total Bitcoin reserves to 639.503 BTC, amounting to a substantial market valuation
Over the past week, the landscape surrounding the eleven U.S. spot Bitcoin exchange-traded funds (ETFs) has taken a significant downturn, drawing attention from investors and market observers alike. Following a remarkable trajectory characterized by substantial net inflows, the situation shifted dramatically, possibly influenced by rising geopolitical tensions in the Middle East. Just the previous week
