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Bitcoin’s Bounce Back to $40,000 in Jeopardy as Grayscale Investments Slacken

After surging to a high of $41,500 in recent weeks, Bitcoin (BTC) has been trying in vain to breach the $40,000 level, which industry experts have acknowledged as a critical point needed to be shuttered for the leading cryptocurrency to regain steam. BTC is trading at $33,300 at the time of writing, according to CoinMarketCap. … Continue reading Bitcoin’s Bounce Back to $40,000 in Jeopardy as Grayscale Investments Slacken

Bitcoin Aggregate Spot Orderbook is Stacked, says Crypto Analyst

After enjoying a remarkable bull run that saw the $41,500 breached, Bitcoin (BTC) finds itself in a consolidation state because its upward momentum has dried up. The leading cryptocurrency has been down by 15% in the past week and is trading at $31,443 at the time of writing, according to CoinMarketCap. Onchain and crypto analyst … Continue reading Bitcoin Aggregate Spot Orderbook is Stacked, says Crypto Analyst

Whale Addresses Holding At Least 1,000 Bitcoin are Taking Profits

Bitcoin (BTC) continues being the talk of the town after it hit a new all-time high (ATH) of $61,781 after a weekend where President Joe Biden approved a $1.9 trillion COVID-19 stimulus package. Nevertheless, the price has retracted to $57,759 at the time of writing, according to CoinMarketCap. Crypto analyst Lark Davis has noted that … Continue reading Whale Addresses Holding At Least 1,000 Bitcoin are Taking Profits

Deutsche Boerse to Delist Coinbase Shares Citing "Missing Reference Data"

Deutsche Boerse, a marketplace organizer for the trading of shares and other securities, has revealed that it will be delisting Coinbase’s shares from both the Xetra platform and the Frankfurt stock exchange. According to a Reuters report on the matter, the delisting is necessitated due to missing reference data and will take place by the end of … Continue reading Deutsche Boerse to Delist Coinbase Shares Citing "Missing Reference Data"

Ethereum’s Social Volume Climbs to an 11-Week High

Ethereum (ETH) continues getting a keen eye as crowd awareness, and interest rose substantially after the second-largest cryptocurrency crossed above $2,500, as acknowledged by crypto analytic firm Santiment. The recent price surge in the crypto market made ETH’s price surge past $2,600 following months of consolidation, given that low volatility had become the norm. Ethereum … Continue reading Ethereum’s Social Volume Climbs to an 11-Week High

6 Million Bitcoin Moved in the Last Six Months as 46 Million Americans Own BTC

After testing the $40K waters, Bitcoin (BTC) retraced to the $37K level as the top cryptocurrency shed some steam. BTC was down by 2.23% in the last 24 hours to hit $37.755 during intraday trading, according to CoinMarketCap. On the other hand, Rafael Schultze-Kraft, Glassnode’s co-founder and CTO, disclosed that 6 million or 33% of … Continue reading 6 Million Bitcoin Moved in the Last Six Months as 46 Million Americans Own BTC

Ethereum is Set to Become Deflationary after the London Hardfork Went Live

Ethereum (ETH) continues to be the talking point in the crypto community after the London Hardfork or EIP 1559 upgrade going live on August 5. As a result, the first-ever deflationary block on the Ethereum network happened. The Ethereum network is anticipated to gain steam based on this development. ETH is set to become deflationary, given that its … Continue reading Ethereum is Set to Become Deflationary after the London Hardfork Went Live

Global Crypto Market Cap Sees a Flash Surge Above $2T on Altcoin's Gains

The price decline in the global cryptocurrency industry might be losing its steam as altcoins are rallying off to reprint their previous price highs. The growth in the price of top altcoins and coins based on Non-Fungible Token (NFTs) have helped push the global crypto market cap above $2 trillion for the first time since … Continue reading Global Crypto Market Cap Sees a Flash Surge Above $2T on Altcoin's Gains

A Large Portion of Bitcoin Supply Stores in Cold Storage Based on the Bottoming Out of Dormant BTC Supply

Bitcoin (BTC) was up by 2.05% in the last 24 hours to hit $44,907 during intraday trading after briefly nosediving below $40K on September 22, a fate not seen since August 5. Glassnode acknowledged that a large portion of Bitcoin supply was stored in cold storage. The on-chain metrics provider explained: “The Bitcoin supply that … Continue reading A Large Portion of Bitcoin Supply Stores in Cold Storage Based on the Bottoming Out of Dormant BTC Supply

Fundraising by Crypto Companies Accounts for $8.2B in Q3

As cryptocurrencies continue gaining steam, crypto companies raised capital worth $8.2 billion in the third quarter of 2021. Mason Nystrom, a research analyst at MessariCrypto, explained: “Total Q3 crypto company fundraising surpassed over 300 funding rounds accounting for $8.2 billion dollars.” Centralized finance (CeFi), whose use cases include earning interest on savings, borrowing money, and spending … Continue reading Fundraising by Crypto Companies Accounts for $8.2B in Q3