Crypto traders are turning bearish after Bitcoin and Ethereum struggled to maintain recent gains, according to several on-chain metrics. According to CryptoSlate data, Bitcoin has fallen nearly 7% over the past week, trading at $113,479 as of press time. Ethereum has experienced an even sharper drop, losing 10% in the same time frame and hovering…
Bitcoin (BTC) is experiencing declining capital inflows and surging speculative activity, mirroring patterns observed near previous cycle peaks, according to an Aug. 20 Glassnode report. BTC retraced nearly 9.2% to $112,900 following last week’s high at $124,400, accompanied by substantially weaker capital inflows compared to earlier 2024 breakouts. The realized cap increased just 6% monthly…
Crypto investors holding the top five digital assets by market capitalization for more than 1 month have realized nearly $2.8 billion in profits over the past month, according to data from Glassnode. According to the blockchain analytics firm, the crypto market is beginning to show signs of contractions due to the significant profit-taking across Bitcoin,…
Bitcoin’s (BTC) stalling between its recent all-time high and range lows is a sign of investors digesting the movement rather than market weakness. According to the August 18 Bitfinex Alpha report, BTC surged to a record $123,640 before retreating 5.44% from peak to trough, returning to the lower end of its established trading range. The…
The total value locked (TVL) in Polygon’s (POL) DeFi ecosystem is up nearly 43% since the start of this year. According to DefiLlama data, the network recorded $864 million in TVL on Jan. 1, and added roughly $400 million in the following months to hit $1.23 billion as of Aug. 18. Furthermore, the POL price…
Tokenized assets recorded on public blockchains have reached approximately $293 billion, according to data from RWA.xyz. The figure, which includes stablecoins valued at about $266.7 billion, places tokenization near the $300 billion threshold, emphasizing its role as a structural layer in on-chain financial markets. Excluding stablecoins, tokenized real-world assets account for around $26.3 billion. Total…
Bitcoin (BTC) and Ethereum (ETH) opened the week with notable losses, as the two leading cryptocurrencies retreated from their recent highs. According to CryptoSlate’s data, Bitcoin fell more than 3% over the past 24 hours, slipping from above $118,000 to around $115,303 at the time of writing. Ethereum followed suit, dropping roughly 4% to $4,270…
Bitcoin’s price experienced a sharp pullback on Aug. 14, dropping below $120,000 less than a day after reaching a new all-time high above $124,000. According to CryptoSlate data, BTC fell to $118,479 at press time, marking a 2.07% decline on the 1-hour candle and 5% from its 24-hour peak. The sudden dip rippled across the…
Strategy (formerly MicroStrategy) and El Salvador showcased huge paper gains from their Bitcoin holdings after the flagship crypto surged to a new all-time high above $124,000. Strategy’s Bitcoin holdings reach ATH On Aug. 13, Strategy Chairman Michael Saylor announced that the company’s Bitcoin portfolio had reached a record high of $77.2 billion. This nearly doubles…
Bitcoin spot exchange-traded funds are on pace to hold more than 1.5 million BTC by year-end if current inflow rates persist, according to holdings data tracked by WalletPilot. This would allocate more BTC to ETFs than most estimates for lost coins, which stand around 1.4 million BTC. U.S. spot ETFs collectively hold about 1.296 million…