In a recent report by KuCoin exchange’s research arm, it was noted that the cryptocurrency market saw $1 billion in new investments in May. This represents a slight decrease from the previous month, indicating a 6.4% decline in investment figures. However, when compared to May 2023, there has been a 10.61% increase in disclosed investments,
Bitcoin
In a recent report by blockchain intelligence firm TRM Labs, it was revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers have more than doubled in the first four months of 2024 compared to the same period in 2023. This surge in cryptocurrency transactions indicates a growing trend of using digital
Bitcoin has experienced a slight decline in its market price over the past week, with a 4.65% drop according to data from CoinMarketCap. Crypto analyst Ali Martinez has raised concerns about potential further losses for Bitcoin if it fails to secure a specific support zone. Martinez’s analysis is based on the UTXO Realized Price Distribution
Currency has played a significant role in the advancement of societies throughout history. From bartering systems to standardized coins and paper money, the evolution of currency has shaped human experience. However, in recent decades, the financial landscape has been marred by chaos and instability, raising concerns about the loss of control over traditional currencies. The
Bitcoin has faced challenges in surpassing the recent all-time high of $73,000, but Bernstein, a prominent brokerage firm, remains positive about the future trajectory of the asset. In a recent report, Bernstein analysts revised their long-term price forecast for BTC to $200,000 by the end of 2025, up from their previous prediction of $150,000 for
In the past week, Bitcoin has faced a significant amount of selling pressure, resulting in a nearly 5% decline in its value, according to CoinGecko. This decline led to Bitcoin reaching its lowest level in nearly a month, dropping to around the $65,000 mark on June 14th. Recent data from crypto analyst Ali Martinez indicates
Bitcoin’s price has been on a wild ride over the past few days, experiencing significant fluctuations. Starting from a positive note earlier in the week, with the price pumping to over $70,000, the situation quickly turned sour as fears about the US CPI numbers and the subsequent FOMC meeting took hold. The cryptocurrency dropped to
The current state of the Ethereum market shows some weakness, with prices tumbling approximately 15% from March 2024. However, despite this downward pressure, on-chain data points to a more bullish sentiment. One key factor contributing to this positive outlook is the increased demand for ETH from permanent holders, who are most likely institutions with deeper
Crypto analyst TechDev has recently shared insights into the future trajectory of Bitcoin. According to TechDev, Bitcoin has not yet reached its full potential in this market cycle. The analyst suggested that more price surges are on the horizon for the flagship cryptocurrency. TechDev pointed out in a post on X (formerly Twitter) that Bitcoin
The Bitcoin options market is currently experiencing an expiry event involving around 20,000 options with a notional value of $1.35 billion. Despite the significant value of these options, the impact on the market is expected to be minimal due to the relatively smaller size of today’s expiry event. However, traders are closely watching a future