The world’s second-largest cryptocurrency by market cap blasted past $4,200 today for the first time since December 2021, liquidating $207 million in shorts in the process. The movement has piqued the interest of market watchers, with some claiming it’s the launchpad for a historic run to $12,000, even as others still feel it’s a brutal…
Market data indicates that the much-anticipated altseason has yet to begin truly. A comparison of Bitcoin, large-cap (top 20) altcoins, and mid-to-small-cap tokens shows the weakest altcoin performance of the current cycle. Altcoins Struggle to Match Bitcoin’s Dominance In its latest analysis, CryptoQuant said that the most significant surge resembling a “true” altseason occurred in…
The United Kingdom, while slow to join the race, has some rising players with notable amounts of Bitcoin in their vaults. A new financial instrument has also emerged as an aftereffect, offering a novel, two-way method of fundraising and accumulation. The Smarter Web Company The technology firm specializing in web design and online marketing, listed…
The cryptocurrency market grew by 13.3% in July, driven mainly by bitcoin (BTC) hitting several price highs throughout the month. The rally attracted increased institutional interest in Bitcoin, Ethereum, and major altcoins, supported by more companies integrating digital assets into their corporate treasuries. According to a monthly report by Binance, the world’s largest crypto exchange,…
Bitcoin (BTC) has been in consolidation mode for a few weeks, and analysts believe this is the right time to keep accumulating the crypto asset. A report by the market analytics firm CryptoQuant explained a smart dollar-cost averaging (DCA) method based on Realized Price signals. This is to help investors accumulate BTC to make the…
The cryptocurrency space is a compelling industry that tends to prove many doubters wrong, even veterans and seasoned participants such as BitMEX’s co-founder, Arthur Hayes. As reported last week, the current Maelstrom exec sold a big portion of his portfolio as he envisioned a more profound market-wide correction was in the making. At the time,…
Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS). This is to resolve allegations related to inadequate due diligence on its former partner, Binance, and failures in its anti-money laundering program. NYDFS Probe Finds Paxos Lacked Oversight According to an August 7 press release, the terms of the…
The cryptocurrency market experienced a substantial revival in the past 24 hours, with Bitcoin (BTC) climbing to approximately $117,000. The leading altcoins performed even better: Ethereum (ETH) surged by 5% daily and is inching towards $4,000, Ripple’s XRP pumped by 12% to $3.36, while Stellar (XLM) reached a two-week high of $0.46. The sudden uptick…
Bitcoin (BTC) miners appear to be holding firm despite renewed concerns over sell-offs and liquidity crunches on Binance. The percentage price change since the last mining difficulty bottom has climbed to +7.4%, showing that the market has pulled out of stress territory and that forced sales from miners are not currently weighing on prices. This…
Around 35,000 Bitcoin options contracts will expire on Friday, August 8, and they have a notional value of roughly $4.1 billion. This expiry event is smaller than last week’s, so it is unlikely to be enough to influence spot markets, which have started to recover following news in the US that Donald Trump has allowed…