The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently dropped to its lowest level in the year, resembling the statistics from back in October 2023. This particular decrease in UTXOs aligns with the current downward trend in bitcoin’s price and the broader crypto market. It’s crucial to note that analyzing UTXOs is
Crypto
Toncoin (TON) was once riding high on a bull run at the beginning of 2024, reaching an impressive all-time high of nearly $8.20 in mid-June. However, the tides quickly turned towards the end of August, leading to a 40% decrease in price, settling around $4.80. The downfall can be attributed to negative news surrounding Pavel
The recent release of the US jobs report has caused a stir in the financial markets, particularly in the cryptocurrency sector. Contrary to general expectations of over 160,000 job positions to be filled, the report revealed that local employers added only 142,000 new jobs in August. This shortfall has led to speculation about the future
One of the key narratives that have shaped the crypto market this year is the discussion around crypto whales – large holders of bitcoin and other major cryptocurrencies. These whales have been noted to have a significant impact on prices, with concerns raised about potential market manipulation during price declines. However, it is essential to
The Future Forward USA PAC, which supports Vice President Kamala Harris’ presidential campaign, has recently made headlines by accepting cryptocurrency donations through Coinbase Commerce. This move signifies a shift in the way political campaigns are funded and could potentially have a lasting impact on future elections. Initially, there was some confusion surrounding comments made by
The recent charges brought forth by the U.S. Securities and Exchange Commission against Galois Capital, a crypto-focused advisory firm, have shed light on the importance of proper custody of client assets in the crypto space. The SEC found that Galois failed to ensure that the crypto held for the private fund it was advising was
Bitcoin’s price dipped below $56,000, signaling a continuing downtrend in the market. The possibility of the cryptocurrency dropping even further to $50,000 was suggested by Arthur Hayes, the co-founder and former CEO of BitMEX. Hayes’ bearish prediction is based on various macroeconomic factors, including the actions of the Federal Reserve and dynamics in the US
Ripple has recently expanded its University Blockchain Research Initiative (UBRI) program to South Korea through a partnership with Yonsei University. This collaboration marks the 58th global partnership for Ripple, with 12 of them located in the Asia Pacific region. Yonsei University will be focusing its research efforts on blockchain technology, specifically in areas such as
The Ethereum market is currently experiencing a shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which tracks the amount of ETH held in exchange wallets, has shown an increase in recent times. This could be a sign that traders are moving their ETH onto exchanges in preparation
The crypto market has been experiencing a lackluster performance recently, with a noticeable decline in whale activity across major assets such as Bitcoin and Ethereum. According to a recent analysis by Santiment, the number of transactions valued at over $100k has significantly dropped. For instance, during the active period of March 13-19, Bitcoin recorded 115.1k