Amidst a week of price weakness in the digital asset market, investment products saw a surge in buying activity, with inflows reaching $1.44 billion. This brought the year-to-date inflows to a staggering $17.8 billion, setting a new record in the industry. Despite the significant inflow, trading volumes remained relatively low at $8.9 billion for the
Crypto
Bitcoin has recently surged back to the $63,000 level, marking a two-week high and leading analysts to believe that the downtrend has been broken. According to on-chain analytics platform CryptoQuant, this resurgence has been largely driven by “U.S. whales,” indicating an increase in institutional Bitcoin purchases. The analysis of the Coinbase premium gap has also
Recently, XRP has seen a significant increase in its price, outperforming major cryptocurrencies in the market. Amid a cryptocurrency sector rally that pushed the global market capitalization beyond $2.4 trillion, XRP stood out with a notable 27% price increase over a week. This surge has sparked optimism among analysts and traders, with some predicting further
Metaplanet, an investment firm based in Japan, has recently made a significant purchase of 42.4 Bitcoin for ¥400 million ($2.4 million) to bolster its holdings. This move comes at a time when Bitcoin is trading at $57,652, down 8% from the previous week and struggling to surpass the $60,000 mark. Investment Strategy In a press
As the United States gears up for the upcoming elections in November, the American crypto industry stands at a crossroads. The views of candidates on digital assets could potentially shape the future of the crypto landscape in the country. According to Coinbase, a prominent crypto exchange, crypto voters are set to play a crucial role
The 2024 presidential election has seen a significant shift in voter perspectives, especially among Republicans, due to the growing relevance of Bitcoin and other cryptocurrencies. According to a recent poll funded by Paradigm, 13% of Republicans who were initially hesitant to support Donald Trump have changed their views after he expressed his support for the
Bitcoin (BTC) is currently facing a crucial moment, with its price hanging in the balance between bottoming out and further decline. One key metric to consider is the growth of stablecoin liquidity in the crypto market. While Tether (USDT) minting typically precedes a price rally for Bitcoin, the slow growth of USDT’s market cap indicates
In the wake of the recent assassination attempt on former US President Donald Trump, cryptocurrency tokens related to him have experienced a significant surge in value. Despite the dramatic events that unfolded, Trump ultimately survived the attack, leading to a sharp increase in the prices of tokens associated with him. Reports indicate that Trump has
Bitcoin’s price has been experiencing enhanced volatility in the past week, with its value fluctuating between $54,000 and almost $60,000. Currently, the cryptocurrency is trading at around $58,000 according to Coingecko’s data. Analysts are speculating that a potential surge in price could be on the horizon, with predictions reaching as high as $90,000-$100,000 in the
The stability of stablecoins in the cryptocurrency market has been a subject of much debate and scrutiny in recent years. Despite the dominance of Tether’s USDT, the landscape is starting to shift. Data from Kaiko indicates a decline in USDT’s market share on centralized exchanges, dropping from 82% to 74% in 2024. This shift can
