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Crypto Market Slump: Key Currencies Drop Amid Rising Trade Activity


The cryptocurrency market experienced a downturn on Tuesday, decreasing by 1.94% against the U.S. dollar, lowering the total market value to $2.38 trillion. Leading cryptocurrencies, including bitcoin, solana, binance coin, dogecoin, and cardano, faced losses. In contrast, ethereum, xrp,...

Bitcoin Short-Term Holders See Relief as Prices Rebound, Glassnode Reports


Bitcoin prices have rebounded strongly, providing relief to short-term holders and leading to increased activity in perpetual futures markets, according to a report by onchain analytics firm Glassnode. The report highlights significant developments in market dynamics and the overall health of...

Coinbase and Glassnode Report Highlights a Stabilizing Crypto Market 


A recent joint report by Coinbase Institutional and the onchain analytics firm Glassnode reveals a maturing and stabilizing cryptocurrency market despite recent price corrections. The analysis highlights robust trading volumes, increasing onchain activity, and significant progress in regulatory...

Google Trends Shows Ethereum Interest Rising Rapidly as ETF Launch Approaches


According to recent statistics from July 16, 2024, Google Trends data reveals a significant increase in interest for the term “ethereum,” climbing from a score of 57 out of 100 on July 14 to a peak of 82 on Monday. Similarly, the search query “bitcoin” saw a rise, moving...

Coinbase Launches New Wallet Web App to Streamline Onchain Activity


San Francisco crypto firm Coinbase has introduced a new web application for its wallet, designed to provide users with a unified platform for managing onchain assets. The application aims to simplify the experience for users by offering a comprehensive view of their crypto holdings across various...

Bitcoin Price Fluctuates as Mt. Gox Begins BTC Activity


As the cryptocurrency market braces for the billion-dollar Bitcoin repayment from Mt. Gox, recent wallet activity has sparked discussions. While the movements are small, they’ve ignited speculation about the timing and method of the upcoming massive payout. Decoding the Recent Bitcoin...

Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024 


Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures...

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