Bookmarking Crypto Insights
Auto Added by WPeMatico
In today’s trading session, the cryptocurrency market has once again entered a bearish trend. Amidst this downturn, an early investor in $FLOKI recently made a notable move by depositing 6.28 billion $FLOKI (approximately $1.1 million) to Binance 18 hours ago. This investor originally received 7.5 billion $FLOKI from @RealFlokiInu two years ago when the value … Read more
According to the MVRV Z-Score, which gauges asset valuations based on average trader returns, certain top cryptocurrencies are categorized as overbought or underbought. The analysis identifies Toncoin, Bitcoin, and Ethereum as overbought, while Uniswap and Shiba Inu are considered underbought. 📊 According to MVRV Z-Score, which identifies overvalued and undervalued assets based on average trader … Read more
Elliott Wave Theory offers a method for analyzing market cycles and predicting price movements in the crypto market. Go to Source
In a significant development, Grayscale has reportedly commissioned Flow Traders to sell 5,812 ETH, valued at approximately $21.75 million. This move is speculated to be for covering the management fees of the Ethereum Trust Fund. Grayscale imposes a 2.5% annual management fee on the Ethereum Trust (ETHE). With the current holdings standing at 2.97 million … Read more
The largest Friend.tech whale has sold all his holdings, causing the new token to fall over 50% in value while other users are still unable to claim the airdrop. Go to Source
Bitcoin surged past the $42,000 mark yesterday, currently trading at $41,800, coinciding with the S&P 500 reaching a new All-Time High. This has sparked optimism in the crypto community, with expectations that major cryptocurrencies like Bitcoin might “regress to the mean” and align with the performance of equity markets. The cryptocurrency market has notably lagged … Read more
Led by Chairman Jerome Powell, the Federal Reserve has halted the rise of interest rates. Will it be enough to fuel the surging market through Christmas? Go to Source
As cryptocurrency markets experience a resurgence in prices, traders are showing increased confidence and a willingness to take on more risk. One of the key indicators of this growing market sentiment is the surge in open interest, especially in the case of Bitcoin, which has seen a remarkable $922 million increase in open interest in … Read more
The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions. Go to Source Powered by WPeMatico
On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in fees by confirming inscription transactions which equate to roughly $35.86 million in added onchain fees. … Read more
