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Nalezeno "market updates": 1738

Year-to-Date Crypto Winners: Meme Coins Outperform in 2024

13.7.2024
More than half of 2024 has passed, with bitcoin up 38% year-to-date, and ethereum matching this rise since Jan. 1. According to statistics, several other digital assets have surpassed these two leading cryptocurrencies by market cap. The most notable performer is the meme token book of meme (BOME)...

Exchange Bitcoin Reserves Fall Sharply This Week, Reaching $4B Outflow 

12.7.2024
According to data from the past 40 days, the San Francisco crypto exchange and custody service Coinbase has experienced withdrawals totaling 12,585 BTC since June 1. Meanwhile, Binance has reported inflows of approximately 30,082 BTC during the same period. Despite these shifts, centralized...

Crypto Rankings Shift Over Year: New Entrants and Price Surges

9.7.2024
Every few months, the rankings of the top ten crypto assets shift, and a year ago, the leading digital currencies were different from today. Some assets have moved to new positions, new entrants have emerged, and some have dropped out of the top ten. Yearly Crypto Market Update Reveals New Entrants...

Weekly Crypto Roundup: Beldex Tops Gainers, Celsius Token Sinks 44% 

8.7.2024
On Monday, July 8, the global cryptocurrency market capitalization hovered around $2.11 trillion, reflecting a 0.42% increase over the past day. Although there was a modest uptick at the beginning of the week, only a few crypto assets recorded gains during this period. The top performer for...

Analysts Predict Second Trump Era Could Boost Gold Prices

7.7.2024
Despite a general downturn in crypto markets, gold has appreciated by 3% over the past five days, currently trading at $2,391 per ounce this weekend. Supporters of gold anticipate the precious metal will continue its strong performance in the latter half of 2024. Similar to predictions for bitcoin...

July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months

7.7.2024
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming...

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 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,...

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...

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...

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...

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