The surge in the total assets under custodial accounts within the crypto market has been nothing short of remarkable. Over the past four months, these accounts have seen a staggering 250% increase, fueled in part by the growing anticipation of a bull run and the integration of cryptocurrencies into daily life. In addition, macroeconomic conditions
Bitcoin (BTC) has recently hit a major milestone, surpassing $46,000 for the first time since spot ETFs were introduced on January 11. This significant increase of 3.4% in a single day and a 6% increase over the previous week has sparked renewed interest in the cryptocurrency. Despite a rocky start to Bitcoin’s 2024, marked by
Despite the underperformance of the Ethereum (ETH) price over the past year, there has been a significant uptick in Ethereum staking. The emergence of liquid staking protocols like Lido Finance has played a key role in driving the surge of ETH being staked. As a result of this growing interest, the total percentage of ETH
On-chain data analysis can provide valuable insights into the market trends and investor sentiment surrounding cryptocurrencies. In the case of Ethereum, an Ethereum metric is showing a bullish signal as the price breaks past the $2,400 barrier. This article will delve into the relationship between the Ethereum price and the exchange netflow indicator, and explore
In the past 24 hours, the AI crypto project Bittensor token has experienced a significant drop of -17%. This has caused panic among TAO holders who are now questioning whether Bittensor is on the verge of crashing. To determine the potential outcome, a thorough analysis of TAO’s current price trends is essential. Additionally, the article
The digital currency market experienced a significant shift on Wednesday, as Bitcoin (BTC) surged past $44,000, reaching a four-week high and edging closer to the coveted $45K mark. This bullish charge was attributed to a combination of factors, including a renewed interest from major investors, remarkable growth in US equity markets, and an unexpected regulatory
The Bank for International Settlements (BIS) has recently released a comprehensive report that sheds light on the potential risks and concerns surrounding the metaverse, a virtual digital ecosystem that has garnered significant attention in recent years. This article aims to analyze the report and delve into the challenges and opportunities that lie ahead for the
The recent joint application by Ark Invest and 21Shares for a spot Ethereum exchange-traded fund (ETF) has attracted significant attention in the crypto community. However, a closer analysis of the amended S-1 filing reveals some important limitations and uncertainties surrounding this proposed ETF. In this article, we will delve into the details of the filing,
Ethereum (ETH) has achieved a significant milestone in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This marks a crucial step towards deploying the upgrade on the mainnet and demonstrates Ethereum’s ongoing efforts to improve transaction efficiency, scalability, and reduce transaction fees by up to 90%. As
Since mid-January, Bitcoin has been stuck in a sideways movement, breaking out of a parallel upward channel to the downside. However, the monotony might soon come to an end, as indicated by the Bollinger Band Width (BBW) indicator. The BBW is a derivative of the Bollinger Bands, which consist of an upper and lower band