Bitcoin has once again taken the spotlight as Whale Alert detected the awakening of a dormant address holding 1,000 BTC, valued at around $60 million, after more than a decade of dormancy. This particular wallet received the initial bitcoin stash over 11 years ago, back in September 2012, when its value was a mere $11,908.
Crypto
Scroll, a ZK rollup Layer 2 network, has seen a remarkable surge of 23% in the past seven days, reaching a Total Value Locked (TVL) of $1.03 billion, as reported by L2Beat data. This marks an impressive milestone for Scroll as the 8th Ethereum Layer 2 network to surpass the $1 billion TVL mark. Scroll’s
In recent days, the cryptocurrency market has experienced a significant surge, with an overall increase of $200 billion. This uptrend has been led by major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). BTC saw a 4.5% daily increase, briefly reaching above $63,000, while ETH reclaimed the $3,300 mark. Additionally, meme coins like Dogecoin (DOGE)
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
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
