The historical data on Bitcoin’s on-chain activities reveals an interesting trend – high demand for Bitcoin typically precedes price recoveries and rallies. However, the current market dynamics suggest a different story. Recent reports from CryptoQuant indicate that Bitcoin demand has significantly slowed down since early April, when the cryptocurrency was priced around $70,000. The slow
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Recently, Ripple made headlines with its announcement of launching a stablecoin named Ripple USD (RLUSD) on the XRP Ledger and Ethereum. The primary goal behind this move is to create a link between the world of cryptocurrency and traditional finance. CEO Brad Garlinghouse believes that this new product could potentially revolutionize the industry. During a
Bitcoin’s price has been experiencing significant fluctuations recently, with the bulls currently in control as they push the price above $61,000. However, weekends often bring a different trading environment due to lower trading volume. The relationship between volatility and trading volume is crucial, as higher volatility typically results in more trading activity. Traders tend to
Binance, the world’s leading cryptocurrency exchange, has announced that it will be temporarily suspending TON deposits and withdrawals on August 26. This maintenance is expected to last for approximately two hours, after which all services will resume. However, it is important to note that trading on the network will not be affected by this suspension.
The recent transfer of former Binance CEO Changpeng Zhao from FCI Lompoc II to the RRM Long Beach halfway house in California has caused confusion among X users, who mistakenly believed that he had been released. However, it is important to note that despite the change in location, CZ remains incarcerated. The RRM Long Beach
Pi Network, a project aiming to allow users to mine and earn digital assets on their mobile devices, has been making strides towards the deployment of its mainnet. Despite millions of users already migrating, the specific launch date remains uncertain. Since its inception in 2019, Pi Network has garnered attention and criticism within the crypto
In the ever-evolving world of Layer 2 networks, Base, a network incubated by Coinbase, has been making significant strides. Recent data from IntoTheBlock shows that Base now has nearly 40% more daily active addresses compared to its competitors, Arbitrum and Optimism. This growth indicates that Base is gaining traction in the Ethereum ecosystem, capturing a
Bitcoin has experienced a rollercoaster of price movements in the past week, with a significant dip followed by a strong uptrend. After dropping from $59,600 to $56,300, the bulls stepped in to prevent further downward momentum, propelling the cryptocurrency to a weekly high of nearly $62,000. Despite a brief retracement to $58,000, Bitcoin quickly bounced
Technical analyst Willy Woo recently shared his insights on the state of Bitcoin inventory on exchanges. He highlighted that the market had been bearish until the beginning of August, attributing this to the influx of around 100,000 BTC from the German and US governments as well as Mt. Gox distributions. Additionally, he mentioned that speculation
The recent choppy consolidation in the price of Bitcoin has left many market participants concerned. Despite this uncertainty, a specific group of Bitcoin holders, known as whales, have been increasing their holdings. According to Santiment’s latest report, Bitcoin whales holding between 100 and 1,000 BTC have accumulated an additional 94.7K BTC over the past six
