The market for Bitcoin experienced a significant increase as its price surged to over $65,000, marking a two-week peak. This rise came after the digital asset had recovered from a crash on July 5, gaining over ten thousand dollars. However, the positive momentum was short-lived as news about Mt. Gox moving billions in Bitcoin caused
Crypto
Bitcoin has once again captured the attention of cryptocurrency enthusiasts as dormant wallets containing staggering amounts of BTC have started to reemerge after years of inactivity. This resurgence has raised questions about the motives behind these sudden movements and the identities of the owners of these wallets. Recently, Whale Alert identified the activation of a
Scroll, a ZK rollup Layer 2 network, has seen a significant uptrend in the past seven days. According to L2Beat data, Scroll is up 23% to reach a TVL of $1.03 billion. This surge has placed Scroll as the 8th Ethereum Layer 2 network to surpass a TVL of $1 billion. One of the factors
Recently, the cryptocurrency market has seen a significant surge, adding approximately $200 billion in just four days. This increase has brought about a wave of positivity in the industry, with Bitcoin (BTC) jumping up by 4.5% and briefly surpassing the $63,000 mark. Ethereum (ETH) also saw gains as it reclaimed the $3,300 level. Additionally, meme
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
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