The recent Bitcoin2024 conference has sparked a new wave of optimism among crypto investors, as prominent political figures voiced their support for Bitcoin. From Presidential Nominee Donald Trump’s plan for a national bitcoin stockpile to Senator Cynthia Lummis proposing the purchase of 1 million BTC by the U.S. Treasury, it is evident that politicians are
Crypto
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the top nine ETFs. The Grayscale Ethereum Trust (ETHE) has been hit the hardest, recording $133.33 million in outflows on July 31st. Since becoming an ETF, ETHE has seen almost $2 billion in outflows. On
XRP has witnessed a significant price surge, reaching $0.66, marking an 8% increase in the past 24 hours. This surge is attributed to renewed investor optimism in the market and crucial developments within the XRP ecosystem. The number of wallets holding at least 10,000 XRP has seen a substantial rise, hitting a six-month high of
In the wake of the US government’s decision to move $2 billion worth of bitcoin holdings to a new address, the cryptocurrency market experienced a significant drop, with Shiba Inu (SHIB) seeing a 3% decrease in its price. This sudden decline raised concerns among investors, but is this just a temporary setback or a sign
In the world of cryptocurrency trading, meme coins have been gaining popularity due to the potential for massive gains in a short period of time. An example of this is the recent case of a trader who bought 170.2 billion PEPE coins last October and sold them in July for $1.97 million, making a profit
In the ever-evolving world of cryptocurrency, there has been a surprising trend in 2024 – the rise of dog-themed meme coins. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and dogwifhat (WIF) have garnered significant attention and investment, leading to substantial growth in their market capitalization. The popularity of dog-themed meme coins can
In June, trading volume on centralized exchanges experienced a significant decline of 21.8%, marking the third consecutive month of diminishing activity since March. The combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded earlier in the year. One major contributing factor to this
Shiba Inu, a popular meme coin, recently experienced a substantial increase in its burn rate, with an impressive 450% surge in the past 24 hours. This surge led to around 50 million tokens being sent to a null address, reducing the circulating supply and potentially increasing scarcity. Despite the USD equivalent of the burn being
DeFi Technologies, a prominent Canadian fintech company, has been making significant waves in the cryptocurrency market lately. With a core focus on diversifying its treasury strategy, the company recently announced the acquisition of another 94.34 BTC, adding to the 110 BTC it initially purchased in June. In addition to Bitcoin, DeFi Technologies has also ventured
Bitcoin’s price has been on a rollercoaster ride, experiencing a recent recovery from a period of bearish price action. The market is currently showing signs of upward momentum, with a potential new all-time high on the horizon. At the $56K support level on the daily chart, the price has found solid ground. Additionally, reclaiming the
