The recent decline in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has raised concerns among investors and analysts in the cryptocurrency market. This decrease in UTXOs aligns with the plummeting price of Bitcoin (BTC) and the broader decline in the crypto market. Analysts have started interpreting this metric as a potential sign
Crypto
Investors in the cryptocurrency market are constantly bombarded with news, trends, and community discussions that shape their investment decisions. One significant narrative that has been dominating the market is the influence of crypto whales – large holders of bitcoin and other major cryptocurrencies. These whales have the power to move the market significantly, causing both
Recently, the Future Forward USA PAC, a supporter of Vice President Kamala Harris’ presidential campaign, made waves by announcing that they would start accepting crypto donations through Coinbase Commerce. This move sparked interest and raised questions about the increasing role of digital currencies in political funding. During the Citigroup’s 2024 Global TMT Conference in New
Bitcoin’s price slipped to below $56,000, triggering concerns among investors about its future trajectory. According to Arthur Hayes, co-founder of BitMEX, the largest cryptocurrency could decline even further to $50,000 in a worst-case scenario. Hayes’ bearish outlook extends to altcoins as well, with the potential for steeper losses looming on the horizon. The broader macroeconomic
The recent charges levied by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm that custodied client assets at FTX, have highlighted significant shortcomings in the firm’s practices. In response to the SEC’s findings, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to investors who
Ripple’s University Blockchain Research Initiative (UBRI) program has recently welcomed South Korea’s Yonsei University as its newest partner. This partnership marks the addition of the 58th institution to Ripple’s global network of UBRI collaborations, with a notable 12 of them situated in the Asia Pacific region. Yonsei University will embark on a long-term journey to
The Ethereum market is experiencing a significant shift as rising exchange reserves indicate a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has shown an increase. This rise suggests that traders are transferring their ETH to exchanges in preparation for selling, potentially increasing supply
The latest analysis conducted by Santiment reveals a significant decline in whale activity across major cryptocurrencies like Bitcoin and Ethereum. During the period of March 13-19, Bitcoin witnessed 115.1k transactions valued at over $100k each. However, by August 21-27, this number had decreased to just 60.2k transactions, showing a noticeable slowdown. Ethereum also saw a
The Open Network and its native token, TON, have been facing a series of challenges recently. One of the most notable incidents was the sudden and drastic drop in the price of TON on CoinMarketCap. Within minutes, the price plummeted by over 90%, from $5.2 to around $0.3. This massive 94% dump caught many investors
Recently, the renowned crypto analyst known as the ‘Titan of Crypto’ shared an intriguing technical pattern with his 90,000 followers. This pattern, a golden cross, is currently forming between the 100-day moving average and the longer 200-day moving average. Unlike the typical golden cross, where the 50-day MA crosses above the 200-day MA, this unique
