Bookmarking Crypto Insights
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In the most recent update on the stablecoin market, Circle has made considerable modifications to its USDC issuance and redemption process. At the same time, Tether appears to be cementing its dominance—especially on the TRON network. For the past week, Circle issued around $3.7 billion in USDC, while redeeming about $4.3 billion of the same. … Read more
This week, the cryptocurrency market took a drastic downturn, with substantial declines in the prices of Bitcoin (BTC) and Ethereum (ETH), along with some major happenings that affected the wider ecosystem. The total market cap tumbled down 13.2%, landing at $2.917 trillion. The market leader, Bitcoin, didn’t fare too well either, as its value dropped … Read more
The cryptocurrency market keeps evolving. The unlocking of tokens can have a serious effect on the price, liquidity, and market sentiment. Token unlock events are key moments in a project’s lifecycle. They often mark the end of a vesting period for early investors, founders, and other stakeholders. These unlocks can lead to serious selling pressure … Read more
Grayscale, one of the most recognized investment companies in the digital currency world, has broadened its “Grayscale Smart Contract Fund” to now encompass a varied ensemble of well-known cryptocurrencies. This move reflects not only a deepening interest in smart contract platforms but also—ahem—a growing respect for their long-term potential. Grayscale’s freshly tweaked fund saw big … Read more
The last few weeks have seen a stormy cryptocurrency market, with high emotions generated during what some may consider Bitcoin’s most challenging week since the crash on August 5, 2024. We are still reeling from that downturn, and many of us in the crypto space are trying to sort it all out. And while we … Read more
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Ending January on a weak note, Sol posted more losses in the following month and dipped to its lowest level after five months of trading. It has recovered well from the dip, but the bears are not giving up yet. From a low of $125.5 last month, Sol entered this month on a recovery note … Read more
Crypto bearish sentiments are getting stronger weekly due to notable volume outflows, although there’s still hope for the bulls if the trend reverses above $0.4. Hbar finds a temporal support. Hbar’s trend is still under the bears’ radar on the daily chart as it keeps seeing a back-to-back drop in the past few weeks. There’s … Read more
Looking back, Avax has shed a major loss in the past two months as it entered a crucial support zone daily. It has paused selling, but a surge from this zone should determine the next direction of the market. The recent price recovery came as a relief for many bull traders as they hope for … Read more
Among the blockchain networks, one in the crypto ecosystem is experiencing a significant rise in activity during these turbulent market conditions: TRON ($TRX). The network has seen a truly remarkable uptick in—of all things—active addresses, chalking up a not-too-shabby 57% increase over the past month. That uptick in activity and the more-than-noticeable increase in transaction … Read more