Following a difficult week in the cryptocurrency market, Chainlink (LINK) managed to gain over 4% in 24 hours. This increase in price was supported by the accumulation of over 6.2 million LINK by whales, totaling approximately $76.88 million. Despite LINK losing nearly 10% over the week, the confidence of large holders in the asset remained
Crypto
Bitcoin’s recent price action has caused fear among investors, leading to concerns that the bull market may have come to an end. The daily timeframe shows a clear bearish trend, with the price making lower highs and lows since falling below $70K. Last week, the market broke below the crucial $60K level and the 200-day
Binance, the world’s largest cryptocurrency exchange, recently announced the delisting of four digital assets – BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). This decision has far-reaching consequences not just for the affected cryptocurrencies but also for the broader market as a whole. The delisting of these digital assets means that all spot trading
The cryptocurrency market recently experienced a significant rebound, with Bitcoin surging to almost $58,000 and Ethereum reaching above $3,000. In addition to the major cryptocurrencies, meme coins like Shiba Inu also saw notable gains. This resurgence comes after a period of losses at the end of last week, bringing relief to investors and traders alike.
The cryptocurrency market is currently experiencing a significant decline, with major coins such as ETH and XRP taking a hit. ETH, for instance, has once again dropped below the $3K mark and is down by 4% in a single day. XRP, on the other hand, saw a 5% decrease as bulls struggle to maintain the
Despite the emergence of various blockchain networks offering faster transaction times and lower fees, Ethereum remains dominant in the industry. Recent data compiled by Lookonchain shows that Ethereum has surpassed Bitcoin in terms of one-year fee revenue. Ethereum generated a staggering $2.728 billion in fees, while Bitcoin came in second with $1.30 billion. This significant
Real-World Assets (RWA) have been gaining momentum in the cryptocurrency market, with the sector seeing significant growth in recent months. These assets represent physical objects or properties that are tokenized and traded on blockchain platforms through smart contracts. The market capitalization of RWAs reached nearly $9 billion earlier this year before experiencing a correction that
Bitcoin recently experienced a significant correction, with its price dropping below $54,000 for the first time since February. This has led to mixed reactions within the crypto community, with some viewing it as a potential end to the current bull market, while others see it as a normal part of Bitcoin’s growth trajectory. It is
The stagnation of Bitcoin’s price since its March peak can be attributed to tight U.S. monetary policy, as highlighted by CryptoQuant analysts. They point out that the Federal Reserve’s decision to raise interest rates in early 2022 led to a decline in stablecoin supply. Despite a subsequent increase in stablecoin supply, interest rates have remained
The cryptocurrency industry is known for its dynamic nature and exciting developments that occur regularly. However, it is also a prime target for hackers and malicious individuals looking to take advantage of inexperienced users who may not know how to properly secure their digital assets. In particular, meme coins like Shiba Inu (SHIB) have gained
