Investors are showing renewed interest in Ethereum as on-chain data reveals a significant accumulation trend among Ether holders. Over $500 million worth of ETH has left centralized exchanges in the past week, marking the highest single-week outflow since February. This strategic withdrawal from exchanges suggests that investors are looking to hold onto their Ether for
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After the recent completion of the Bitcoin halving event, market analysts and experts are looking towards a potentially bullish trend in the BTC market. One crypto analyst, known as ecoinometrics, has made a bold prediction that Bitcoin could potentially reach six-figure price levels in the current bull cycle. The analyst’s post on Saturday highlighted the
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The NFT trading space witnessed a significant resurgence in the first quarter of 2024, with volumes across the top 10 marketplaces reaching a staggering $4.7 billion. The leading NFT marketplace during this period was Blur, recording $1.5 billion in volume and capturing a 27.6% market share, marking a significant increase from the previous quarter. Magic
MicroStrategy founder Michael Saylor has been actively selling off shares of his brainchild over the past few months. With the authorization to sell up to 400,000 shares until April of this year, Saylor has successfully cashed in 370,000 shares, amounting to $372.7 million in value. This strategic move is part of an agreement he entered
Ethereum has recently experienced a significant downturn, prompting concerns among investors. However, a closer look at the daily chart reveals an interesting trend. The price has found support within a crucial zone, consisting of the 100-day moving average at $3050 and the price range between the 0.5 ($3190) and 0.618 ($2972) Fibonacci levels. This zone
In recent weeks, ADA, the native token of the Cardano network, has faced a decline of 18.77% in the past month. This negative price movement has been attributed to the overall turbulent performance of the cryptocurrency market, particularly following massive dips in the price of Bitcoin. However, despite these challenges, popular crypto analyst Ali Martinez
Cryptocurrency analyst Rekt Capital recently took to Twitter to discuss the potential timeline for Bitcoin’s next market peak. With the upcoming Bitcoin Halving event just around the corner, Rekt Capital highlighted the significant impact of the Halving cycle on shaping Bitcoin’s market trajectory. Despite the Halving event scheduled between today and tomorrow, Bitcoin has shown
Crypto exchange HashKey recently announced that it will be ending support for Binance-related transactions next month. This decision comes as part of a change in policy, although specifics of the new rules have not been disclosed. The Hong Kong-based platform will restrict deposits from Binance starting on May 10 and will completely cease support for