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$CAH, currently 80% away from its recent all-time high of $53.77, has demonstrated remarkable resilience over the past month, bouncing back 100% from its recent lows. But what’s fueling this momentum, and is a significant upward move on the horizon? Let’s dive into the key on-chain factors driving $CAH’s potential breakout: Whale Activity: A substantial … Read more
In a surprising turn of events, Ripple has emerged as the fifth largest donor in the US election cycle, contributing a staggering $49.9 million. This move solidifies Ripple’s position as a major player in the crypto space, leading the pack in terms of political influence. 🚨BOOM! #Ripple has emerged as the fifth largest donor in … Read more
A minor 2.2% price drop in Bitcoin over the past 24 hours has triggered a significant 7.5% decline in total open interest on exchanges. In contrast, Ethereum and Solana’s open interest has remained relatively stable. This disparity suggests a few key takeaways: 📉 While Bitcoin has seen a mild -2.2% price drop in the past … Read more
Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation and more inflation to the ETH ecosystem. Cybercapital … Read more
Financial comparison platform Finder has updated its XRP price prediction for 2024 based on input from a panel of fintech experts. The panel’s average prediction for XRP is $0.66 this year, with the forecast suggesting it could rise to $1.05 by the end of 2025 and reach $2.49 by 2030, driven by its role in … Read more
Bitcoin took a tumble on Tuesday, hitting a low of $61,455 per coin after peaking at $65,103 just three days prior. The crypto market downturn resulted in a shake-up, with $20.28 million in bitcoin long positions and $40.29 million in ether longs being liquidated. Crypto Market Stumbles: Bitcoin and Ethereum Face 2-3% Declines On Tuesday, … Read more
The crypto community’s social media preferences have been revealed in a recent survey, showcasing a diverse landscape. X, the most popular platform, only secured 41.7% of the vote, indicating a fragmented market. Telegram And YouTube Tops The Chart Telegram and YouTube emerged as strong contenders, with 21.5% and 20.8% of participants respectively choosing them as … Read more
Crypto is full of odd people who have put some of their eccentricity into the crypto projects they develop. Go to Source
Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced by blockchaincenter.net’s Altcoin Season Index (ASI), which currently sits at a low score of … Read more
Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether’s Supply Swells by 820M Amid $1.3B Stablecoin Market Boost The stablecoin economy is gaining momentum … Read more