Shiba Inu (SHIB) experienced a remarkable surge of 20% on August 6, showcasing its resilience in the volatile cryptocurrency market. Despite facing a significant decline earlier in the week, the meme coin managed to bounce back and reclaim its position as one of the top performers in the industry. The surge in Shiba Inu’s price
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Recent predictions by crypto trader Peter Brandt have sparked optimism within the crypto community. Brandt boldly predicts that Bitcoin could soar to new all-time highs of $90,000, despite the recent downtrend in the cryptocurrency’s price. Brandt’s approach to analyzing the market focuses on possibilities rather than probabilities or certainties. By avoiding over-dependence on assumptions, Brandt
In a surprising turn of events, spot Bitcoin exchange-traded funds (ETFs) in the United States have exceeded $5 billion in daily trading volume as of August 5. This milestone is a significant achievement, representing the first time since mid-April that such high trading volume has been recorded. Among the ETFs contributing to this record-breaking volume,
The Binance CEO, Richard Teng, recently announced that Binance experienced record inflows and one of its highest trading volumes in the face of a jittery market. Amidst the macroeconomic climate and a market downturn on August 5th, Binance saw a net inflow of $1.2 billion in just 24 hours. This information was sourced from DefiLlama’s
The cryptocurrency market recently experienced a significant dip, with the total market capitalization falling below $2 trillion and wiping out $500 billion within a week. Bitcoin dropped below $50,000, and Ethereum saw a 23% decline in just one day, falling below $2,200. However, despite this sharp decline, the total market cap has since rebounded by
The recent cryptocurrency market turmoil has sent shockwaves through the industry, with Bitcoin and Ethereum experiencing significant drops in value, each plummeting over 20% in just 24 hours. This rapid sell-off has left investors reeling and searching for answers as to what triggered such a drastic downturn in the market. At the center of this
Following a significant market crash that caused Ethereum to plummet by 23% in less than 24 hours, U.S. spot Ethereum ETFs experienced a notable increase in inflows. On August 5, there was an aggregate inflow of $49 million into the nine recently launched spot ETH ETFs. This surge marked the second-highest inflow day since the
In a period marked by a deep plunge in the overall crypto market, Cardano (ADA) has managed to stand out with its resilience and growth in on-chain activity. Despite the global crypto market cap falling to $2.5 trillion from $2.7 trillion in May, Cardano has shown notable progress. The Cardano foundation reports an increase in
Jan van Eck, the CEO of VanEck, has made headlines with his bold prediction that Bitcoin could skyrocket to an astounding $350,000. This optimistic outlook is based on the comparison of Bitcoin’s adoption rate to that of gold. Van Eck, a key player in the world of Spot Bitcoin ETFs, believes that the cryptocurrency market
Laguna Games and Crypto Unicorns DAO have recently made a joint decision to shut down the Unicorn Party, a series of games based on the intellectual property of Crypto Unicorns. This decision comes after a governance council meeting held on the 22nd of July 2024, where it was unanimously agreed to cease funding for the