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NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn
6.7.2024
Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $109M NFT sales...
Bitcoin’s Market Cap at Risk of Falling Below $1 Trillion for First Time in 4 Months
6.7.2024
According to recent statistics on Saturday, July 6, 2024, bitcoin’s market capitalization is nearing the $1 trillion mark. If bitcoin’s value drops by $110 billion, it will hit a low not seen since late February 2024. Bitcoin Market Cap Teeters on $1 Trillion Mark Bitcoin (BTC)...
Bitcoin Hits New Low Since February, Options Market Stays Optimistic
4.7.2024
According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that...
Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves
4.7.2024
On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp,...
Basel Committee finalizes crypto exposure rules for banks
3.7.2024
The committee is unveiling the standards later in July, culminating a yearslong process
Basel Committee finalizes crypto exposure rules for banks
3.7.2024
The committee is unveiling the standards later in July, culminating a yearslong process
Bitcoin Market in Flux: Glassnode Analysis Highlights Key Insights
3.7.2024
Despite Bitcoin’s sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility. Amid Market Fear, Bitcoin...
Marathon Digital Reports June Bitcoin Mining & July Updates
3.7.2024
Today, Nasdaq-traded MARA (Marathon Digital Holdings, Inc.) has published its Bitcoin production and miner installation updates for June 2024. Fred Thiel, MARA’s chairman and CEO, states that “Due to operational improvements in Ellendale and the facility being fully operational as of...
BlockDAG’s X100 mining rig with potential $60,000 daily earnings; PENDLE’s price surges as Maker token struggles
2.7.2024
As the cryptocurrency market experiences varied fortunes, with Pendle (PENDLE) showing a bullish trend and Maker (MKR) facing security setbacks, BlockDAG’s X100 mining rig emerges as a focal point for investors and miners. The BlockDAG network, with its recent presale crossing $55.2 million...
Cardano updates MiCA compliance indicators 6 months ahead of the curve
2.7.2024
The Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of the regulatory curve with a focus on energy efficiency and transparency
BlockDAG DEV Release reveals new Blockchain explorer updates; mine up to 2000 coins with X-series miners
2.7.2024
BlockDAG has announced groundbreaking updates to its Blockchain explorer through its latest Dev Release 63. The key announcements include optimization of block time. Alongside this development, is the early release of its X1 miner application, allowing users to mine up to 20 BDAG coins daily. These...
Bitcoin Bulls Advance Price, Face Resistance at $64K
1.7.2024
The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts...
NFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May
1.7.2024
Although non-fungible token (NFT) markets showed improved performance over the past week, June’s sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased by 46.31%. June’s NFT Market Faces Steep Decline June proved to be challenging...
Crypto Market Bounces Back, Mog Coin and ENS See Double-Digit 7 Day Gains
1.7.2024
On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the performance chart over the past seven days was mog coin...
Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review
30.6.2024
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in...
Double-Digit Swings Dominate June Crypto Market Performances
30.6.2024
According to market data, crypto assets struggled throughout June, with only a select few recording gains. The largest gainer was the meme coin brett (BRETT), which surged 64.9%, while the biggest loser was the meme token maga (TRUMP), plummeting 55.29%. Select Coins Rise Despite Overall Decline...
NFT Sales Defy Crypto Market Downturn, Rising 4.52% This Week
29.6.2024
Despite a general decline in cryptocurrency markets this week, non-fungible token (NFT) sales rose by 4.52% compared to the previous week. NFT sales totaled approximately $101,467,710 over the past seven days, with Ethereum-based digital collectibles dominating the market. NFT Landscape Shifts This...
Solana Climbs 8.1% Following Vaneck’s SEC Filing for SOL-Based ETF
27.6.2024
Following Vaneck’s application with the U.S. Securities and Exchange Commission (SEC) to launch a solana-based exchange-traded fund (ETF), solana has appreciated 8.1% against the U.S. dollar. Apart from bitcoin, ethereum, and stablecoins, solana now boasts the highest daily trade volume among...
Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode
25.6.2024
Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and behaviors of LTHs to understand supply and demand dynamics. Bitcoin Market Trends...
The future of mining: Does BlockDAG X1 app take the crown with $53.5M presale impact? HBAR & ETC’s pace race
25.6.2024
Hedera (HBAR) impressively gained this week despite broader market downtrends, highlighting its durability with its current trading price. Concurrently, Ethereum Classic (ETC) has teamed up with Alchemy Pay to improve fiat access, signalling a shift towards decentralisation. Amid these...