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Arbitrum Transactions Reach New All-Time High During Inscriptions Frenzy
18.12.2023
Ethereum layer-2 network Arbitrum (ARB) reached a new all-time high in daily transactions over the weekend, joining Bitcoin under a waterfall of blockchain activity spurred by inscriptions. According to data from crypto market analysis platform IntoTheBlock, the network tapped 5.4 million...
Market Week in Review: Crypto’s Highs and Lows With ICP and SNX Leading the Charge and Retreat
18.12.2023
Over the past week, bitcoin and ethereum experienced modest declines, ranging from 1.8% to 3.6%, when compared to the U.S. dollar. Concurrently, several crypto assets showcased impressive double-digit growth, with ICP, HNT, BONK, and WOO leading the surge throughout these seven days. 16 Crypto...
Tether’s USDT Stablecoin Depegs from US Dollar on Exchanges After Company Froze $435M
18.12.2023
Tether’s cooperation with law enforcement has led to the USDT depeg crisis. Image by akif, Adobe Stock. Tether’s USDT, the largest stablecoin by market capitalization, depegged from its intended $1 price amid growing scrutiny over the company’s December 15 announcement of a wallet-freezing...
The Rise of DeFi and NFTs on the Bitcoin Blockchain
18.12.2023
With a growing interest in Bitcoin, especially with the anticipated ETF launch, its ecosystem has been rapidly expanding. One of the most popular developments happening on Bitcoin right now is BRC-20, which is not only driving the growth of the Bitcoin NFT market but also expanding the DeFi sector....
Ethereum Technical Analysis: ETH Succumbs to Bearish Pressure and Upper Resistance
18.12.2023
As of Dec. 18, 2023, ethereum exhibits a complex interplay of bearish and bullish signals across various technical indicators. The second-leading crypto asset, currently priced at $2,125 to $2,165, faces a critical juncture in its market trajectory, as revealed by the 4-hour and daily charts...
Pepe Price Prediction as PEPE Tumbles 12% – Time to Buy the Dip?
18.12.2023
Source: Dall•E 3 The Pepe price has fallen by 12% in the past 24 hours, with the meme token slipping to $0.00000124 as the wider market nurses a 2% loss today. PEPE is now down by 14% in the last week and by 11% in the past fortnight, yet the coin has actually gained by […]
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Will Scorpion Casino (SCORP) Go To The Moon? Presale Rush Suggest Yes With Minimum Raise Goal Already In Sight
18.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Scorpion Casino (SCORP) stands out as one of the most captivating projects to enter the market recently and the fact that it has rapidly raised $2.23 million is strong evidence of that. The project...
Digital Asset Investment Products Experience $16 Million Outflows, Breaking 11-Week Inflow Streak
18.12.2023
Source: Adobe / Andy Nowack Digital asset investment products witnessed outflows of $16 million last week, putting an end to an 11-week streak of consecutive inflows. According to the latest report by CoinShares, Bitcoin-based funds bore the brunt of the outflows, with a total of $32.8 million...
Solana Price Prediction as Daily Trading Volume Surges to $1.8 Billion – Can SOL Overtake XRP?
18.12.2023
Source: Dall•E 3 The Solana price has dropped by 6% in the past 24 hours, falling to $68.30 on a day when the cryptocurrency market as a whole has declined by 2%. Despite this loss, SOL remains up by 6% in the past fortnight and by 20.5% in the last 30 days, with the altcoin […]
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Here’s why investors are running to gobble Bonk (BONK) and Retik Finance (RETIK)
18.12.2023
Fresh tokens enter the market frequently, yet only a select few succeed in capturing the interest of investors and leaving a lasting impression. Among the recent standout tokens are Bonk Inu (BONK) and Retik Finance (RETIK). Bonk Inu witnessed an exceptional 1,200% surge in price over the last...
Shiba Inu Price Prediction as SHIB Declines Over 15% in 24 Hours – Can SHIB Reach $1?
18.12.2023
In a remarkable turn of events, Shiba Inu (SHIB), a token once considered a mere speculative asset in the vast and volatile cryptocurrency market, has seen an astonishing surge of 20% during the weekend. This sudden spike in value has brought the question to the forefront: Can SHIB realistically...
South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes
18.12.2023
Source: Koshiro/Adobe A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms. The newspaper Daehan Kyungjae reported that Upbit’s market share has dropped sharply in recent months, falling from 93%...
FDUSD Rockets to $1.6B Market Cap, Becoming Fifth Largest Fiat-Pegged Crypto Amid Binance Concentration
17.12.2023
In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant $1.61 billion. This period witnessed...
BONK’s Meteoric Rise: Outpaces PEPE with 621% Surge, Secures Third Place in Meme Coin Market
17.12.2023
In recent weeks, the meme-inspired cryptocurrency bonk (BONK) has experienced substantial growth against the U.S. dollar and has now overtaken pepe (PEPE) to become the third largest meme coin in terms of market capitalization. In the past month alone, the Solana-based BONK surged over 621%...
Bitcoin Price Prediction as $860 Million Moved to Exchanges – Signaling Major Sell-Off Ahead?
17.12.2023
As the crypto market enters another week of trading, Bitcoin (BTC) has seen a slight decline to $41,978, dropping by nearly 50% on Sunday. This move coincides with a significant amount of Bitcoin, worth approximately $860 million, being transferred to exchanges, which could be indicative of...
P2P Platform NFT Trader Falls Victim to Security Flaw, $3 Million in Blue-Chip NFTs Lifted
17.12.2023
Reports indicate, and the peer-to-peer non-fungible token (NFT) market platform has confirmed, that the NFT platform NFT Trader experienced a security breach. An assailant exploited an outdated smart contract, resulting in the theft of nearly $3 million worth of esteemed digital collectibles...
Solana’s JTO on a rollercoaster ride, InQubeta (QUBE) presale cruising past $6.8 million mark
17.12.2023
The crypto world is abuzz with the rapid rise and fall of Solana’s JTO token, a rollercoaster ride following its recent airdrop. Amidst this fluctuating market, InQubeta (QUBE) is making significant strides, steadily cruising past the $6.8 million mark in its presale, showcasing remarkable...
Market Alert!: What Caused the $BTC Flash Crash, and Is More to Come? Investors Take Shelter in Presales
17.12.2023
Welcome to the bull market. Volatility is back on the menu, and the big question is what crypto to buy today. What caused Bitcoin ($BTC) to flash crash, and is more to come? How can investors avoid the downside brought on by these leverage flushes? One lucrative avenue more and more investors...
NFT Sales Soar to Over $500M; Bitcoin Leads With Unprecedented Growth
16.12.2023
Sales of non-fungible tokens (NFTs) have surged by 52.81% over the past week, reaching a total of $503.35 million. Bitcoin has emerged as the frontrunner in this week’s NFT market, generating $276.79 million in sales, surpassing Ethereum’s $99.67 million, which previously held the...
$EGLD Pumps as KASPA Dumps. Presale Targets $1 Million Mark
16.12.2023
The cryptocurrency market is a volatile space, and the recent price movements of $EGLD and KAPSA are a testament to that, while $EGLD has been on a tear, KASPA has been experiencing a sharp downturn. Meanwhile, $GFOX, the new kid on the block is eyeing the coveted $1 million presale mark. In this...