In the midst of ongoing price weakness in the digital asset market, investment products experienced a surge in buying activity, with inflows reaching $1.44 billion in a single week. This brought the year-to-date (YTD) inflows to an impressive $17.8 billion, breaking the previous record set three years ago. Despite the strong inflows, trading volumes remained
Crypto
Bitcoin has surged to $63,000 in early trading on Monday, showing signs of breaking the recent downtrend. Analysts attribute this upward movement to institutional investors, particularly U.S. whales, who have increased their Bitcoin purchases. The Coinbase premium gap, which measures the difference between the Coinbase Pro and Binance prices, indicates strong buying pressure from American
In recent days, the cryptocurrency market has witnessed a surge in prices, with XRP leading the way by outperforming major cryptocurrencies such as Bitcoin, Ethereum, and Solana. XRP saw a substantial price increase of 27%, sparking optimism among industry analysts and traders alike. One analyst, known as Dark Defender, pointed out that XRP broke the
Metaplanet, a prominent investment firm based in Japan, recently made headlines with its significant Bitcoin purchase worth 42.4 Bitcoin for ¥400 million ($2.4 million). This move aims to strengthen the company’s long-term financial strategy by adding the cryptocurrency to its holdings as a “strategic treasury reserve asset.” Metaplanet’s decision to invest in Bitcoin is driven
The 2024 presidential election has seen a shift in voter perspectives, particularly among Republicans, in relation to cryptocurrency. A recent poll funded by crypto-focused investment firm Paradigm revealed that 13% of Republicans who were initially undecided or reluctant to support Donald Trump changed their views after he embraced cryptocurrency. This shift has solidified Trump’s support
The upcoming United States elections are approaching, and the American crypto industry is poised for a potentially game-changing moment. With candidates holding contrasting views on digital assets, the role of crypto voters is becoming increasingly significant. According to Coinbase, a popular crypto exchange, the impact of crypto voters could be pivotal in determining the outcome
Bitcoin’s price is currently approaching a critical juncture where it could potentially bottom out or face further decline in a correction reminiscent of the summer of 2021. Various metrics are being closely monitored to gauge the direction in which the leading cryptocurrency may move. CryptoQuant’s weekly report highlights that bitcoin’s price recovery or bottoming may
The world of cryptocurrency has once again proven to be a space where unexpected events can lead to significant price movements. The recent assassination attempt on former US President Donald Trump has resulted in the explosion of several cryptocurrency tokens related to him. This comes as a surprise, as initial reports indicated that he was
Over the past week, Bitcoin’s price has seen significant fluctuations, ranging from $54,000 to nearly $60,000. Currently, the cryptocurrency is trading at around $58,000 according to Coingecko’s data. This volatility has led numerous analysts to speculate on the possibility of a fresh resurgence in the price of Bitcoin. Some analysts, such as Crypto Rover with
The stablecoin market has seen significant changes in recent years, with Tether’s USDT losing its dominance. Kaiko’s latest data indicates a decline in USDT market share, dropping from 82% to 74% on centralized exchanges in 2024. This shift can be attributed to increased competition from stablecoins like FDUSD and the rising demand for regulated options