Category: trading

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Ethereum Transaction Fees Hit 6-Month Low Amidst Market Retracement

Ethereum network transaction fees have dropped to a noteworthy low of just $1.12 per transaction, marking the lowest average cost in a day since October 18th. This decline in fees reflects a broader trend in sentiment within the cryptocurrency market, where traders oscillate between bullish and bearish outlooks. 🤑 #Ethereum’s average fee level has dipped to just $1.12 per network transaction, the lowest average cost in a day since October 18th. Traders historically move between sentimental cycles of feeling that #crypto is going “To the Moon” or feeling that “It Is Dead”, which can… pic.twitter.com/8b8rLMLyIf — Santiment (@santimentfeed) April 28,

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Bitcoin Starts The Week With 3% Loss As Market Correction Events Trigger Realized Losses

The new trading week commenced with Bitcoin, the leading cryptocurrency, experiencing a 3% decline in its value. This downturn comes amid a broader trend of market correction events impacting the cryptocurrency landscape. Glassnode data has provided insights into the realized losses among Bitcoin short-term holder constituent cohorts, spanning various timeframes from 1 day to 6 months.  Notably, there has been a significant spike in losses around these market correction events, indicating the capitulation of recent investors who bought at the local top and subsequently sold at the bottom. Assessing the Realized Losses across the #Bitcoin Short-Term Holder constituent cohorts

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Runes Generate $135M In First Week Amid Record Daily Transactions

Bitcoin’s recent surge to a new all-time high in daily transactions has been accompanied by the remarkable success of its latest innovation, Runes. Since its launch just one week ago, Runes has made waves in the cryptocurrency world, generating an impressive $135 million in network fees. The launch of Runes coincided with a significant milestone for Bitcoin, as the number of daily transactions skyrocketed to 927,000 on Tuesday. This shattered the previous record of 724,000 transactions set back in December 2023, just three days after the 2024 Bitcoin-Halving event. Bitcoin hit a new all-time high in daily transactions! Following the

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Framework Ventures Boosts Stake In Synthetic Protocol Amid Price Decline

The Synthetic protocol, represented by its native token $SNX, has experienced a notable decline of 41% over the past month. However, there’s a glimmer of optimism as the price of $SNX saw a modest 2% increase today.  In a move that reflects confidence in the project’s long-term potential, Framework Ventures, a notable investor in Synthetix, deposited an additional 2 million SNX tokens to Coinbase Prime, totaling $5.84 million at a price of $2.924 per token. Framework Ventures 0xa5f, the largest institutional SNX-holding wallet, deposited 2M $SNX ($5.85M) to #Coinbase at $2.92 ~7hrs ago. Notably, @hiFramework was an investor and received

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Early Investor Moves 2.5 Million ONDO Tokens Amid Price Decline

The cryptocurrency $ONDO has experienced a 2.5% decline in its price today, adding to a downward trend that has seen a 10% decrease over the past 30 days.  Amidst this price movement, an interesting development has occurred involving a significant address in the $ONDO ecosystem. Address 0x5f13…4E7C2, which appears to be an early investor or market maker of $ONDO, made a notable transaction in the past two hours.  The address deposited a substantial amount of 2.5 million ONDO tokens to both Bybit and Gate, with a combined value of approximately 2 million US dollars. 地址 0x5f13…4E7C2 过去两小时内向 #Bybit 和 #Gate

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Maneki Token Surges By 50% In 24 Hours Amidst Whales’ Activity

The cryptocurrency market is abuzz with the meteoric rise of $MANEKI, a token that has skyrocketed by over 30,000% since its inception.  In the past 24 hours alone, the price of Maneki has surged by an impressive 50%, with its market capitalization reaching $192.6 million, and it is currently trading at $0.02167. Recent data from dex screener highlights the remarkable performance of Maneki, cementing its position as one of the hottest assets in the crypto space. However, amidst this surge, traders and holders of the Maneki token are advised to closely monitor the activity of seven specific wallets. The price

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Ethereum Faces Resistance Amidst Market Gains: Justin Sun’s Activity And ETF Launch Awaited

Despite a 2.5% gain today, Ethereum is grappling with formidable resistance levels, particularly in the range of $3,170 to $3,270. This resistance zone is significant, as it is backed by 1.63 million addresses holding a collective 4.45 million ETH.  #Ethereum encounters strong resistance between $3,170 and $3,270, with 1.63 million addresses holding 4.45 million $ETH. Breaking past this barrier could propel #ETH toward $3,650! pic.twitter.com/Ko74nHdpTj — Ali (@ali_charts) April 23, 2024 Surpassing this hurdle could potentially propel ETH towards the $3,650 mark, offering traders and investors a bullish outlook. Currently, Ethereum is trading at $3,253, reflecting the ongoing battle between

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