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After a 9.8% drop in Bitcoin’s value over the past week, investors are showing signs of caution, worried about the potential for further declines. Despite this, Japan-based Metaplanet has reaffirmed its confidence by buying nearly 620 BTC. Interestingly, the latest acquisition marks its largest Bitcoin purchase to date. According to the company’s official press release,
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Institutional investors now account for 31% of all known Bitcoin (BTC) holders, reflecting a sharp increase from 14% in 2023. The uptick has been largely driven by spot Bitcoin exchange-traded funds (ETFs), government acquisitions, and MicroStrategys ramping up of its BTC strategy, which has seen its stash grow to over 440,000 BTC. According to statistics
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Solanas SOL has rallied over 50% in two weeks, with Nasdaq-listed digital assets exchange Coinbase (COIN) proving to be a significant source of bullish pressures for the cryptocurrency, according to data tracked by Paris-based Kaiko. Since Oct. 25, SOLs cumulative volume delta (CVD) has increased by nearly $1 million on Coinbase, indicating net capital inflows.
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Cryptocurrencies appear to have staying power, Federal Reserves Chairman Jerome Powell said in June. Perhaps truer words have never been spoken, as the market value of all cryptocurrencies has doubled to $1.3 trillion this year, recovering from last years crash. More impressive is the renewed interest in centralized crypto-collateralized finance after last years controversial collapse
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Cryptocurrency trading volume cooled in April, registering the first decline in seven months as escalating geopolitical tensions and slower inflows into U.S.-listed spot ETFs weighed over the digital assets market. The cumulative volume in spot and derivatives markets fell by 43.8% to $6.58 trillion, a sharp retracement from Marchs record high of $9.12 trillion, according
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Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone. Bitcoin price failed to start another increase and extended losses below the $100,000 zone. BTC gained bearish momentum below the $98,000 and $96,500 levels. The price even spiked below
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Ethereum price extended losses and dropped below the $3,550 zone. ETH is showing bearish signs and might decline further below the $3,150 level. Ethereum price struggled to start a fresh increase above the $3,550 level and extended losses like Bitcoin. ETH gained bearish momentum below the $3,450 level and traded below $3,300. It even dived
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XRP price started a fresh decline from the $2.38 zone. The price is consolidating and might struggle to start a fresh increase above the $2.30 resistance zone. XRP price started a fresh increase from the $2.00 support level, unlike Bitcoin and Ethereum. However, the bears were active near the $2.38 and $2.40 levels. A high
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Bitcoin, the leading cryptocurrency by market capitalization, has recently experienced a significant and sudden price correction, sparking debate among investors. Concerns have surfaced about whether this downturn signals the conclusion of the current bull cycle or merely represents a temporary setback. While short-term holders face losses, long-term metrics provide a broader perspective on Bitcoins trajectory,
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