The cryptocurrency market has been experiencing heightened volatility recently, leading to fluctuations in investor sentiment. Bitcoin (BTC) saw a drastic price increase to nearly $70,000 on July 29, only to drop below $66,000 the next day, currently trading around $66,300 according to CoinGecko’s data. This correction was further exacerbated by the news of the US
Bitcoin
Cardano (ADA) has recently experienced a significant surge in Exchange Traded Product (ETP) inflows, with a staggering 300% increase in capital coming from institutional investors. This unexpected influx of funds has sparked optimism among market participants, potentially setting the stage for a bullish trend as the Chang hard fork approaches. According to a report from
21Shares, a subsidiary of 21Shares AG, has recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This integration is aimed at improving the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). The ETF is physically backed by Ether and tracks its performance, providing investors with a
BlackRock, a financial giant, has recently made it clear that they do not have any immediate plans to launch a Solana (SOL) ETF. This decision comes despite the overwhelming success of their Bitcoin and Ethereum spot ETFs that were introduced earlier in the year. The company’s Chief Investment Officer, Samara Cohen, mentioned in an interview
Shiba Inu’s price faced a 3% dip recently as the cryptocurrency market took a hit due to the US government moving $2 billion worth of its bitcoin holdings to another address. Despite this setback, there are some indicators within the Shiba Inu ecosystem that suggest a potential rally might be on the horizon. One significant
Goldman Sachs CEO David Solomon recently shared his perspective on Bitcoin, stating that the flagship cryptocurrency could potentially serve as a store of value similar to gold. While Solomon expressed openness to the idea of Bitcoin as a store of value, he maintained a cautious approach towards the digital asset. He emphasized that he does
The trading volume ratio of decentralized exchanges (DEXs) has reached an all-time high compared to centralized exchanges (CEXs). This significant milestone was highlighted by Uniswap founder Hayden Adams, who pointed out that the “DEX market share is at an all-time high relative to CEX.” The trend of DEXs outperforming CEXs has been on the rise
The Bitcoin open interest hitting new all-time highs is a critical indicator of how investors are perceiving the cryptocurrency and the bets they are making. This recent surge in open interest has major implications for the market, especially in the short term. In a surprising turn of events, the Bitcoin open interest has skyrocketed to
Ripple’s XRP has experienced a significant uptrend at the beginning of the month, with its price surging from less than $0.40 to over $0.63 within a few weeks. However, the momentum seems to have slowed down in mid-July, as the price retraced below $0.55 before climbing back to around $0.60 where it has been consolidating
Ethereum, the second-largest cryptocurrency by market capitalization, is currently showing signs of a bullish trajectory, according to insights from CoinSignals, a leading crypto analysis platform. The platform predicts that Ethereum could experience a significant price rally, with its value potentially reaching between $12,000 and $15,000 in the near future. This positive forecast is based on