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
Crypto
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
In the midst of a market recovery, XRP has emerged as one of the top-performing crypto assets. With a significant gain of over 40% in the past week, XRP has shown a remarkable comeback, reaching a price level of $0.62, last seen in March. This surge has sparked investor confidence and led to heightened trading
In recent days, the spot Bitcoin ETFs have been experiencing positive inflows, leading to a resurgence in the price of Bitcoin itself. Just today, the price of Bitcoin reached $66,000 for the first time in about a month. This marks a significant recovery for the cryptocurrency, which had previously dropped to a three-month low of
The US spot Bitcoin ETFs have been experiencing a significant uptrend, with a daily net inflow of $301 million recorded on July 15th. This marks the seventh consecutive day of positive inflows, signaling a strong interest in Bitcoin ETFs among investors. The top spot Bitcoin ETF, BlackRock’s IBIT, led the way with net inflows of
Bitcoin has once again surpassed the $63,000 mark this week, demonstrating its continued bullish momentum in the crypto market. However, the recent activation of a dormant Bitcoin address containing 1,000 BTC worth approximately $60 million has caught the attention of many investors. This particular wallet, which had been inactive for over a decade, initially received
XRP, the cryptocurrency created by Ripple, has seen a significant price increase recently, outperforming major digital assets in the market. With a 27% price jump in just a week, XRP has caught the attention of many investors and analysts. The cryptocurrency market as a whole has been on a rally, with a total market capitalization
In a bold move, Metaplanet, an investment firm based in Japan, recently made a significant Bitcoin purchase worth 42.4 Bitcoin for ¥400 million ($2.4 million) to add to its holdings. This decision comes at a time when Bitcoin is trading at $57,652, down 8% over the last week, and struggling to reclaim the $60,000 mark.
