In the past week, the price of Bitcoin has shown signs of recovery, reaching as high as $67,000 after dipping to around $64,000. This uptick in price has led some analysts to believe that the leading cryptocurrency may have hit a bottom. On-chain metrics analyzed by CryptoQuant suggest that there is positive momentum in the
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The recent statements made by crypto analyst Scott Melker, predicting a surge in Bitcoin’s price to reach $100,000, have been met with a mix of enthusiasm and skepticism within the crypto community. While Melker’s optimistic outlook on Bitcoin’s future is certainly compelling, it is important to analyze the validity of his claims and the factors
The Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs, setting the stage for five Spot ETH ETFs to make their debut in the cryptocurrency market. The confirmation came through a new issue notification on the CBOE’s website on July 19, indicating that the trading of Spot ETH ETFs
In the month of June, trading volume on centralized exchanges experienced a significant decline of 21.8%, marking the third consecutive month of diminishing activity since March. The combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, down from a peak of $9 trillion recorded earlier in the year. The decrease in
In the ever-evolving world of cryptocurrency, one trend that has captured the attention of many investors and traders is the rise of dog-themed meme coins. These digital assets, often inspired by popular dog breeds or memes, have seen significant growth in 2024. Market Trends Dog-themed meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB)
In the midst of a crypto market recovery, Cardano holders find themselves in a precarious position. Data from IntoTheBlock reveals that Cardano is currently the worst performer in terms of profitability among the top 10 largest cryptocurrencies by market cap. This disappointing performance has left many long-term believers and investors in despair, as the profitability
The recent surge in Ethereum derivatives volume suggests that investors have little confidence in the Spot Ethereum ETFs, despite the imminent launch of these funds. Data from Laevitas reveals an annualized premium of 11% on Ethereum’s fixed-month contracts, indicating a lack of bullish sentiment towards ETH’s price. This lack of confidence is further highlighted by
In recent news, a market strategist has made a bold declaration regarding Bitcoin (BTC), stating that the world’s largest cryptocurrency has finally concluded its downtrend. The strategist believes that Bitcoin may be on its way to achieving a new price target, driven by a positive shift in its market value. This news comes as a
Ethereum showed a promising recovery this week, with a 12% price increase. The market rally allowed ETH to establish $3,300 as a key support level, setting a new base for further growth. The next target for buyers is $4,000, which also serves as a key resistance level. Optimism is returning to the market, with potential
Gods Unchained has been creating a buzz in the NFT gaming sector, standing out from its competitors with its unique gameplay and engaging player experience. The recent surge in activity on the platform is a clear indication of its growing popularity among gamers. The game’s native token, GODS, has also witnessed a significant price increase,