The recent analysis by Santiment has shed light on a concerning trend in the cryptocurrency market. Bitcoin and Ethereum, two of the top crypto assets, have experienced a significant drop in high-value transactions of $100k or more. During the period of March 13-19, Bitcoin recorded 115.1k transactions valued at over $100k each, indicating active participation
Crypto
The Open Network and its native token, TON, recently experienced a significant price drop of over 90% in just a few minutes on CoinMarketCap. This sudden plunge from $5.2 to around $0.3 left investors shocked and concerned about the stability of the token. However, it was later revealed that the crash was not caused by
Recently, a prominent crypto analyst known as the ‘Titan of Crypto’ shared with his 90,000 followers on Twitter an unprecedented technical pattern taking shape in the market. This pattern involves the formation of a golden cross between the 100-day moving average and the longer-term 200-day moving average. Unlike the typical golden cross, which involves a
The cryptocurrency space is no stranger to security breaches, with the recent month seeing a staggering $313 million in losses due to over ten different hacks. The majority of these losses, amounting to 93.5%, were a result of two large phishing attacks that targeted unsuspecting crypto holders. These incidents served as a wake-up call for
The Crypto Wealth Report 2024 by Henley & Partners has revealed astounding numbers in the digital asset space. The report shows a staggering 95% increase in the number of individuals holding over $1 million in digital assets, totaling 172,300. Furthermore, the total value of the crypto market has climbed to $2.3 trillion, marking an 89%
The recent outflows of $305 million in digital asset investment products have been attributed to stronger-than-expected economic data from the United States. This unexpected data has significantly decreased the likelihood of a 50-basis point interest rate reduction by the Federal Reserve. As a result, CoinShares predicts that the asset class will become increasingly sensitive to
Recent data from Bitbo, a leading BTC on-chain analysis platform, reveals a significant decline in mining revenue for Bitcoin miners in the month of August. The figures show that BTC mining activities generated only $827 million, marking a more than 10% decrease from the previous month’s $927.35 million. This drop represents a 57% decrease from
The past 24 hours have not been kind to Bitcoin as the price took a sharp downturn, hitting a 2-week low of $57,100. This downward trend has also impacted most altcoins, with tokens like TON, DOGE, and ADA seeing drops of 2-4%. Bitcoin’s recent price actions have been quite underwhelming, to say the least. Just
The payments industry has experienced substantial growth over the last five decades, making it one of the largest and fastest-growing sectors globally. Despite this growth, the sector still relies on outdated 50-year-old technology rails that are becoming increasingly inefficient over time. According to a report by Binance Research, leveraging blockchains, distributed ledger technology (DLT), and
Recently, Peter Diamandis, the founder of X Prize and Singularity University, posed an intriguing question to his 262K+ followers on X. He asked whether Bitcoin, the well-known cryptocurrency, will ever need a bailout. This question sparked a lively discussion among participants, with many providing insightful perspectives on the matter. One responder highlighted the fact that