Bitcoin (BTC) has experienced a 4.5% decrease in value over the past week, reaching a monthly low of $65,000. This drop in value can be attributed to a surge in selling activity from mining entities. According to a recent report by CryptoQuant analysts, Bitcoin mining entities have been transferring a higher volume of BTC to
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Recently, Bitcoin took a significant dip to a monthly low of $65,000 on June 14th. This marked a 5% decrease from the previous week. Despite this short-term volatility, the overall trend shows that Bitcoin has been consolidating since early March. Analysts have noted that Bitcoin’s price range has been relatively stable, with only an 8.3%
Ripple has announced its plans to launch a stablecoin called Ripple USD (RLUSD) in 2024 on both the XRP Ledger and Ethereum. This stablecoin is expected to act as a bridge between traditional finance and the cryptocurrency industry. Despite the excitement surrounding this development, there has been criticism from the United States Securities and Exchange
In May, KuCoin exchange’s research arm released a report on the performance of cryptocurrencies, noting a total of $1.02 billion in new investments. This amount represented a slight decrease from the previous month, highlighting a 6.4% decline from April’s total of $1.09 billion. Despite this slight decrease, the report indicated a broader scale increase of
Blockchain intelligence firm TRM Labs has reported a concerning trend in the first four months of 2024 regarding cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers. The data shows that these deposits more than doubled compared to the same period in 2023, with over $26 million in cryptocurrency flowing into these networks
Throughout history, the evolution of currency has played a crucial role in shaping human societies. From the simplicity of bartering to the establishment of standardized coins and paper money, currency has been a fundamental aspect of organizing and advancing communities. However, the post-World War II transition to fiat currency marked a significant shift in the
Bitcoin has experienced a turbulent week in the market, with a 4.65% fall in its market price over the last seven days. Crypto analyst Ali Martinez has issued a warning, stating that Bitcoin faces the risk of further losses unless it can reclaim a specific support zone. According to Martinez, Bitcoin needs to surge above
Ethereum faced a 4.4% loss this week as sellers dominated the price action, pushing it to the key support level of $3,500. Although this pullback could be seen as a normal retest following a significant breakout after the ETF confirmation, the failure to breach the $4,000 resistance for the second time this year raises concerns.
The debate over the exact start date of the Spot Ethereum ETFs has been gaining momentum. Analysts Eric Balchunas and James Seyffart from Bloomberg recently provided an update on their projections for when these funds might enter the market. In a tweet, Balchunas mentioned that they are now looking at July 2nd as the potential
Bitcoin has experienced a significant amount of selling pressure over the past week, resulting in a noticeable impact on its price. According to data from CoinGecko, the value of Bitcoin has dropped by almost 5% in the last seven days, reaching its lowest level in nearly a month at around $65,000 on Friday, June 14th.