During the past week, digital asset investment products experienced record-breaking inflows amounting to $1.44 billion, contributing to the year-to-date inflows of $17.8 billion. This surge in investment activity shattered the previous record set three years ago. Despite the strong inflows, trading volumes remained relatively low at $8.9 billion for the week, falling short of the
Crypto
Bitcoin has recently surged back to the $63,000 level, marking a two-week high that has caught the attention of analysts. The move has been attributed to “U.S. whales,” with institutional Bitcoin purchases on the rise again. A key indicator that analysts have looked at is the Coinbase premium gap, which has shifted from a selling
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.
The upcoming United States elections set for November hold the potential to be a crucial juncture for the American crypto industry. This is primarily due to the contrasting perspectives of candidates on digital assets. According to the popular crypto exchange, Coinbase, the support from crypto voters could play a pivotal role in determining the outcomes
The 2024 presidential election has seen a significant shift in voter attitudes towards cryptocurrency, particularly among Republicans. A poll funded by Paradigm, a crypto-focused investment firm, revealed that Donald Trump’s endorsement of the industry has influenced many Republican voters. Initially, 13% of Republicans who were undecided about supporting Trump have expressed more enthusiasm after he
The current state of Bitcoin (BTC) is hanging on a crucial edge that could determine whether its price will stabilize or continue to plummet. Various indicators provide conflicting signals about the future direction of the leading cryptocurrency. While some metrics suggest that BTC has reached the bottom of its recent correction, others point to the
In recent news, it was reported that cryptocurrency tokens linked to the former US President, who survived an assassination attempt, experienced significant growth. Following the incident, where the former President was shot at, reports have confirmed that he has been discharged from the hospital and returned to New Jersey. The cryptocurrency community has seen its
Over the last seven days, Bitcoin’s price has seen significant fluctuations, ranging from $54,000 to almost $60,000. Currently, it stands at around $58,000, according to data from Coingecko. Many analysts are predicting a potential surge in price, with some even speculating that Bitcoin could reach $90,000 to $100,000 in the near future. These predictions are
The world of stablecoins has seen significant shifts in market share over the last two years. While Tether’s USDT has long been a dominant force in the market, recent data from Kaiko shows a decline in its market share. In 2024, USDT’s market share on centralized exchanges dropped from 82% to 74%. This erosion of
