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Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide
22.1.2024
On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks. Bears Take the Reigns—Bitcoin Falls Under $40K...
SatoshiVM Team Wallet Activity and 25% Price Decline Cause Rug Pull Fears
22.1.2024
SatoshiVM’s concerning wallet activity and token transfers have raised worries it could be executing an exit rug pull scam. Image by Kerem Goktug Kaya, DALL-E 3. The recently launched cryptocurrency SatoshiVM (SAVM) is being accused of being a scam, with a price decline and suspicions of...
Digital Asset Investment Products Record $21M Outflows Despite $11.8B Trading Volume
22.1.2024
Digital asset funds have recorded a minor $21 million in outflows while trading volumes surged past $11 billion as crypto prices plummeted in the past seven days. CoinShares’ Digital Asset Weekly Fund Flows report on Jan 22 shows a slight decline in bullish momentum although inflows were...
Top 5 AI Crypto Tokens Experience Downturn, Sector Loses $960 Million in Value
22.1.2024
The value of crypto assets linked to artificial intelligence (AI) surged to $7 billion at the beginning of the year. However, recent weeks have seen a reduction of $960 million in the overall worth of the AI crypto sector. Each of the leading five AI-focused digital assets has experienced a decline...
Ethereum Technical Analysis: Bearish Trends Dominate Across Multiple Timeframes
22.1.2024
Similarly to bitcoin’s action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a 5.7% decline over the past week. Ethereum...
BNB Smart Chain Sees 85% Decline in Losses to Security Incidents in 2023: Report
22.1.2024
A security report published today revealed losses incurred on BNB Smart Chain in 2023 reached over $161 million, compared to $1.1 billion in the previous year. The security report was published by AvengerDAO in collaboration with Hashdit, Certik, Ancilia, and Salus Security. Despite the decrease...
Analyst Warns BTC Price Will Remain Flat as $25 Billion GBTC Liquidation Looms, Galaxy Digital Founder Disagrees
22.1.2024
Bitcoin (BTC) investors should brace themselves for potential price stagnation or even a decline as the liquidation of $25 billion worth of Grayscale Bitcoin Trust (GBTC) looms. Chris J Terry, founding partner of BTCdata Corporation, recently expressed his concerns about the impact of GBTC’s...
Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains
20.1.2024
The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum’s sales amounted to $106 million, overtaking...
Chainalysis Reveals Decline in Crypto Crime, Shift to Stablecoins in 2024 Crime Report
20.1.2024
Chainalysis’ latest report reveals a dual trend in the 2023 crypto crime landscape: a notable decrease in overall value of criminal transactions and a surprising shift from bitcoin to stablecoins as the preferred medium for illicit activities. 2024 Chainalysis Report Reveals a Decline...
Solana Meme Coin Holders Migrating To New Crypto ICO Built For Traders To Hunt 1986% ROI Tokens
19.1.2024
Crypto traders migrate to the new Launchpad XYZ platform and $LPX token as the crypto ICO phase nears its end. Image by Akarapong Chairean, Vecteezy. The recent decline of the popular meme token Analos on Solana, which plummeted by 93.6% after a brief surge, has crypto traders searching for...
Bitcoin Technical Analysis: Navigating BTC’s Ups and Downs as Price Teeters Above $41K
19.1.2024
On Thursday, bitcoin experienced a decline, reaching a low of $40,600, and has since been hovering slightly above the $41,000 mark. The cryptocurrency world is abuzz with speculation about the duration of this downturn, especially as the excitement surrounding the spot bitcoin exchange-traded fund...
Peter Schiff Predicts Bitcoin Bloodbath — Expects SEC Chair Gary Gensler to Introduce ‘New Onerous Crypto Regulations’
19.1.2024
Economist and gold bug Peter Schiff has predicted that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler “will soon introduce new onerous crypto regulations” that will result in “a sharp decline” in the price of bitcoin. Schiff expects the new regulations...
Grayscale’s GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition
18.1.2024
Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in GBTC’s holdings, with a reduction of 13,793.09...
US Stocks, Bitcoin, and Gold Drop as Fed Plays Coy on Rates — Investors in Limbo
18.1.2024
The leading trio of U.S. stock indices — Dow Jones Industrial Average, Nasdaq Composite, and the S&P 500 — experienced a downturn on Wednesday afternoon. This decline coincided with a rise in 10-year Treasury yields, which jumped 0.98% to 4.102%. Concurrently, gold’s value...
12% of El Salvador’s Population Used Bitcoin for Goods and Services in 2023: Survey
17.1.2024
According to the annual survey conducted by José Simeón Cañas Central American University in El Salvador, 12% of the local population used Bitcoin (BTC) at least once to pay for goods and services in 2023. The survey, conducted in December 2023 with 1,280 respondents interviewed...
Circle Report Shows USDC Navigating Challenging Waters in 2023
17.1.2024
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst Market Shifts Circle, the issuer of the USD Coin...
Top 10 Crypto Exchanges Saw $34.26 Trillion Trading Volume in 2023, Binance Maintained Top Rank: Report
17.1.2024
The combined trading volume of the top 10 crypto exchanges in 2023 reached a staggering $34.26 trillion, a 16% decline from the previous year, cryptocurrency rating and research firm TokenInsight revealed in a report today. Binance Retained Top Rank Despite Lawsuits Binance, one of the leading...
Bitcoin Price Prediction as Greed Index Hits Neutral Post-ETF Launch – Are Investors Losing Confidence?
15.1.2024
In the dynamic realm of cryptocurrency, Bitcoin‘s price trajectory has recently taken a downward turn, falling to $42,000 amidst diminishing enthusiasm for Bitcoin exchange-traded funds (ETFs). This decline occurs against the backdrop of a slightly contracting global crypto market, which...
Bitcoin’s Monthly Winning Streak Ends as ETF Excitement Fades
15.1.2024
Bitcoin posted its worst streak in about a month after the US Securities and Exchange Commission approved spot Bitcoin (BTC) ETFs. The leading cryptocurrency remained highly volatile in the past few days, ultimately trading little changed at $42,655 as of now. The recent decline marked the longest...
Meme Coin Market Bucks Crypto Downtrend With 3.2% Rise, Led by DOGE and BONK Gains
14.1.2024
Recent data indicates that despite a general decline in the crypto economy, the meme coin sector has experienced a 3.2% increase in the last 24 hours. Notably, dogecoin and bonk have observed respective surges of 1.2% and 9%. Additionally, Sunday saw several meme tokens achieving gains in...