The Ethereum market has been experiencing a significant shift recently, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has been on the rise. This uptrend suggests that traders are moving their ETH onto exchanges in preparation to sell,
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In recent weeks, there has been a noticeable decline in whale activity across major crypto assets, including Bitcoin and Ethereum. This decline in high-value transactions has raised concerns among investors about the potential for a bearish outlook in the market. However, it is important to note that a decrease in whale activity does not always
The Open Network Token (TON) has been facing a series of challenges, with the most recent being a drastic plummet in price by over 90% in just minutes on CoinMarketCap. The graph illustrating this decline shows TON dropping from $5.2 to approximately $0.3, marking a significant 94% decrease. While this price crash understandably caused concern
The crypto market is currently witnessing a unique technical pattern that has caught the attention of many analysts. The ‘Titan of Crypto’ recently revealed to his 90,000 followers on Twitter that a golden cross is forming between the 100-day moving average and the 200-day moving average. This particular golden cross, unlike the typical ones involving
The Crypto Wealth Report 2024 by Henley & Partners has brought to light the increasing number of individuals holding over $1 million in digital assets. The data shows a significant surge of 95% to 172,300 millionaires in the crypto space. This growth is reflective of the expanding crypto market, which has reached a total value
In recent times, the cryptocurrency space has been plagued by a series of high-profile hacks that resulted in significant financial losses for investors and platform users. According to a recent report from PeckShield, the industry suffered a total loss of $313 million due to over ten different hacking incidents in the past month alone. What
Recent data from Bitbo, a BTC on-chain analysis platform, reveals a significant decline in revenue generation for bitcoin miners in August 2024. Compared to July, where mining activities brought in $927.35 million, August only saw $827 million, marking a more than 10% decrease. This decrease is even more dramatic when considering March 2024’s performance peak,
The recent outflows in digital asset investment products amounting to $305 million have been attributed to the release of stronger-than-expected economic data from the United States. This unexpected data has significantly reduced the likelihood of a 50-basis point interest rate cut, leading to a downturn in sentiment within the market. It is forecasted that as
The latest price actions of Bitcoin have not been favorable, with the asset dropping to a 2-week low of $57,100. This decline marks a significant setback for the cryptocurrency, especially after reaching a multi-week peak of over $65,100 just a week ago. The failure to sustain this positive momentum has led to a gradual loss
In a groundbreaking move, a London resident named Habibur Rahman has made history by becoming the first person in the UK to face charges for operating a Bitcoin ATM without proper registration. This unprecedented incident took place after a raid by Kent Police at a gadget shop in Chatham on April 28, 2023. The outlet
