CryptoQuant CEO Ki Young Ju remains optimistic about the future of bitcoin, predicting that if the cryptocurrency’s price can stay above $45,000, it has the potential to surpass its all-time high within the next year. His positive outlook comes at a time when some bearish indicators are looming in the broader financial markets, following bitcoin’s
Crypto
Bitcoin whales have been actively accumulating significant amounts of the cryptocurrency over the past month during the market slump. On-chain activity has revealed that over 404,448 BTC, valued at approximately $22.8 billion, has been moved to permanent holder addresses in the last 30 days. This accumulation trend indicates a potential shift in the market dynamics
Shiba Inu (SHIB) experienced a significant surge of 20% on August 6th, showcasing a strong rebound in the overall meme coin market niche. Despite a 18% decline on a weekly scale, SHIB’s price is currently hovering around $0.00001359. This price increase comes after a recent market crash, indicating a newfound momentum in the meme coin
On August 5, spot Bitcoin exchange-traded funds (ETFs) in the United States saw a historic milestone, surpassing $5 billion in daily trading volume. This surge in volume is the first of its kind since mid-April, indicating a renewed interest in Bitcoin ETFs among investors. DefiLlama data revealed that BlackRock’s IBIT ETF played a significant role
The total crypto market capitalization recently took a hit, plummeting to $1.83 trillion as Bitcoin and Ethereum experienced sharp declines. This drastic drop wiped out $500 billion from the market in less than a week. However, the market has since rebounded, with the total cap figure climbing back up to $2.06 trillion at the time
After a significant market crash that saw Ethereum plummet by 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a surge in inflows. On August 5, nine newly launched spot ETH ETFs recorded an aggregate inflow of $49 million. This marked the second-highest inflow day since the funds began trading, indicating a strong
Senator Cynthia Lummis recently introduced the groundbreaking Bitcoin Act as a strategic move to bolster the U.S. economy. This move has been likened to the historic Louisiana Purchase, signifying the magnitude of its impact on the nation’s financial landscape. The proposed legislation aims to acquire 1 million BTC over five years, amounting to approximately $64
In the latest financial report, Riot Platforms revealed a significant increase in net losses, jumping from $27.4 million in the previous year to $84.4 million in the second quarter of this year. The decline in revenue was also evident, dropping from $76.7 million to $70 million in the same quarter. The decrease in revenue was
In July, the total stablecoin market capitalization showed a 2.11% increase, reaching a total of $164 billion. This growth signifies a ten-month consecutive rise for major stablecoins, with their market dominance expanding to 6.93%. Tether, the largest stablecoin in terms of market cap, experienced a 1.61% increase, reaching $116 billion and setting a new all-time
Marathon Digital (MARA) recently faced a setback as its second-quarter revenue fell short of Wall Street’s forecasts, leading to an 8% drop in its shares during after-hours trading. The company reported a revenue of $145.1 million, which was approximately 9% lower than the expected $157.9 million. The CEO, Fred Thiel, attributed this miss to various
