Bitcoin’s recent drop below $56,000 has raised concerns among investors, with Arthur Hayes predicting a potential further decline to $50,000. Hayes, the co-founder of BitMEX, pointed to broader macroeconomic factors such as the Federal Reserve’s actions and the dynamics of the US Treasury market as reasons for his bearish outlook. He highlighted the rise in
Crypto
Recent data from CryptoQuant’s Ethereum Exchange Reserve metric has raised concerns within the cryptocurrency market. The metric, which monitors the amount of ETH stored in exchange wallets, has shown a noticeable increase. This uptick suggests that traders are moving their Ethereum onto exchanges in anticipation of selling, potentially adding to supply pressure and contributing to
In recent times, the cryptocurrency market has experienced a decrease in whale activity across major assets like Bitcoin and Ethereum. According to Santiment’s latest analysis, transactions valued at over $100k have seen a noticeable drop. For example, Bitcoin went from 115.1k high-value transactions during March 13-19 to just 60.2k by August 21-27. Ethereum followed a
Recently, the renowned crypto analyst known as the ‘Titan of Crypto’ shared with his 90,000 followers on Twitter a unique technical pattern that has never been witnessed before. This pattern involves the formation of a golden cross between the 100-day moving average and the longer 200-day moving average. A golden cross is typically seen as
The Open Network and its native token, TON, recently experienced a significant drop in price. The price plummeted by over 90% in just a few minutes on CoinMarketCap. This sudden crash saw TON’s value decrease from $5.2 to around $0.3. Despite the alarming drop, this issue was not directly caused by Toncoin or its team.
The Crypto Wealth Report 2024 by Henley & Partners has revealed a significant surge in the number of individuals holding over $1 million in digital assets, with a staggering increase of 95% to 172,300. This growth is parallel to the booming crypto market, which has witnessed a remarkable rise in its total value to $2.3
The recent surge in cyberattacks within the crypto space has caused significant financial losses to investors and companies alike. According to a report by blockchain security firm PeckShield, over $313 million was lost in a series of hacks last month. Notably, two large phishing attacks accounted for 93.5% of the total stolen funds, resulting in
Recent data from Bitbo, a leading bitcoin on-chain analysis platform, reveals a concerning trend for BTC miners. In August, miners suffered their worst month in nearly a year in terms of revenue generation. The total revenue generated from mining activities dropped to $827 million, a significant decrease of more than 10% from July’s $927.35 million.
The digital asset investment products market experienced a significant $305 million in outflows last week, leading to a widespread negative sentiment among various providers and regions. CoinShares has attributed this trend to the release of stronger-than-expected economic data from the United States. This economic data has not only impacted the market sentiment but has also
Bitcoin’s price took a significant hit in the past 24 hours, dropping to a 2-week low of $57,100. This sudden slump comes after a period of volatility in the market where the leading cryptocurrency failed to sustain its previous gains. Just a week ago, BTC surged to over $65,100 following positive developments in the US,