Recent on-chain data analysis indicates a concerning trend in the world of Bitcoin. Despite historical patterns showing that high demand often precedes price rallies, the current market dynamics are not aligning with this trend. Bitcoin demand growth has stagnated, with a significant slowdown since early April when the cryptocurrency was priced at around $70,000. According
Crypto
Binance, the world’s leading cryptocurrency exchange, has announced that it will be performing wallet maintenance for The Open Network (TON) on August 26. This maintenance will lead to a temporary suspension of TON deposits and withdrawals. However, it is important to note that trading will not be affected during this period. The maintenance is expected
Ripple caused a stir earlier this year with its announcement of launching a stablecoin known as Ripple USD (RLUSD). The CEO, Brad Garlinghouse, believes that this stablecoin could create a connection between the world of cryptocurrency and traditional finance. The stablecoin is set to be available on both the XRP Ledger (XRPL) and Ethereum, with
Bitcoin’s price has been experiencing a rollercoaster ride in recent days, with the bulls currently holding the upper hand as they push to surpass the $61,000 mark. However, weekends often bring a different dynamic to price action due to lower trading volumes. Traditionally, weekends see lower trading volumes compared to weekdays, which can impact market
Former Binance CEO Changpeng ‘CZ’ Zhao has recently been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California. This move has caused confusion among X users who mistakenly believed that he had been released. However, it is important to note that despite the change in location, CZ remains incarcerated. The
Pi Network, a crypto project aiming to revolutionize mobile mining, has been making significant strides towards the deployment of its mainnet. With millions of users undergoing migration processes, the community is eager for updates. However, the exact launch date remains shrouded in uncertainty. The Controversy Surrounding Pi Network Since its inception in 2019, Pi Network
In the ever-evolving landscape of Layer 2 networks, Base, an Ethereum Layer 2 network incubated by Coinbase, has been making significant strides. Recent data from IntoTheBlock reveals that Base now has nearly 40% more daily active addresses than its competitors, Arbitrum and Optimism combined. This impressive growth signifies Base’s increasing dominance in the Layer 2
In the past week, Bitcoin experienced a rollercoaster of price movements. After a significant dip from $59,600 to $56,300, the bulls managed to prevent further breakdowns and pushed the price back up. Bitcoin then traded sideways around $60,000 over the weekend until Monday brought another retracement to $58,000. However, the cryptocurrency quickly bounced back and
The recent analysis of the Bitcoin market inventory on exchanges by technical analyst Willy Woo has shed light on the bearish trend that has been prevalent until the start of August. This trend was primarily attributed to an influx of approximately 100,000 BTC from the German and US governments selling as well as Mt. Gox
Recently, the United States spot Bitcoin exchange-traded fund (ETF) market experienced a decline in daily trading volume to $779.87 million. This decrease in trading volume marks the third lowest daily volume after previous records on February 5th and 6th, which were $649.17 million and $692.11 million, respectively. Factors at Play The drop in daily trading