Bitcoin has continued its positive price performances, reaching new heights in the past 24 hours. The cryptocurrency surpassed $48,000, marking a new monthly peak. This surge in value is not limited to Bitcoin alone, as altcoins are also experiencing gains. Ethereum (ETH) has reached $2,500, while Solana (SOL) has made a significant jump to $110.
Ethereum (ETH) has been displaying an interesting pattern in the options market. Recent data from Deribit, a leading platform for crypto futures and options trading, reveals a significant concentration of call options for ETH centered around the $4,000 strike price. This accumulation of ETH call options suggests that traders are speculating on a potential rise
Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning regarding an entity impersonating the legitimate crypto exchange, MEXC Global. The scammers are using deceptive tactics to lure unsuspecting victims into a crypto investment scam, posing as a virtual asset trading platform. This article analyzes the warning and highlights
Cryptocurrencies have been gaining significant attention in recent months, particularly with Bitcoin leading a widespread rally in the market. As Bitcoin approaches the $48,000 mark, many investors are now shifting their focus to smaller-cap altcoins in search of the best crypto to buy today. This article will analyze the top performers and assess their potential
The New York Attorney General’s Office (NYAG) has recently expanded its fraud claims against Digital Currency Group (DCG) and its affiliates, asserting that the losses incurred now amount to a staggering $3 billion. The lawsuit, which initially alleged losses of over $1 billion, has been amended to include an additional $2 billion in losses, affecting
Following a successful DYM airdrop, the price of the native DYM token has doubled, bringing attention and anticipation to the Dymension Network project. With over 70 million DYM tokens distributed to holders, worth a reported $400 million, there is considerable excitement surrounding the potential price action of DYM. However, the launch of the token has
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
