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XRP Dips Amid a Symmetrical Triangle; Is a Retrace to $0.54 Likely?
18.9.2024
Ripple’s native token, XRP, has formed a symmetrical triangle pattern on its daily chart, typically indicating price consolidation.…
Bitcoin whale transactions see ‘noticeable’ drop since March price peak
12.9.2024
Blockchain analytics firm Santiment says a decline in Bitcoin whale activity is not necessarily a bearish sign
Nigeria Resumes Dollar Sales to Money Changers Amid Naira’s Decline
10.9.2024
The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to a low of NGN1,639 per dollar, likely due to increased demand for US dollars for travel and business. The central...
Spatial Computing Expert: AI Didn’t Contribute to Metaverse’s Decline
7.9.2024
Luis Oscar Ramirez, founder and CEO of Mawari, believes the idea that artificial intelligence (AI) has contributed to the decline in metaverse interest and investment is misguided. Instead, Ramirez said he sees AI as a powerful catalyst for metaverse innovation, enhancing user experiences...
Bullish or Bearish? What’s Next for Bitcoin Amid Mixed Market Sentiment
5.9.2024
On Sept. 5, 2024, bitcoin held steady, floating just above the $56K mark, sparking ongoing debates about its market direction. Some speculate that bitcoin might be entering a bearish phase, while others still see potential for a bullish breakout. Cryptoquant’s head of research, Julio Moreno...
CoinDesk 20 Performance Update: MATIC Plunges 6.9%, Leading Index's Decline
4.9.2024
Index stumbles 2.1% with Polygon leading declines, while Uniswap and Litecoin remain in green
Solana price falls 12% as Pump.fun sells $41M SOL tokens
4.9.2024
Memecoin launches and a sluggish Bitcoin price could continue to put downward pressure on the SOL token, which could be the next major crypto to receive a spot ETF
Solana price falls 12% as Pump.fun sells $41M SOL tokens
4.9.2024
Memecoin launches and a sluggish Bitcoin price could continue to put downward pressure on SOL, which could be the next major crypto to receive spot ETF approval in the United States
Bitcoin's price shows 'no clear direction' amid active address decline
4.9.2024
Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst
2024 Report Finds 96% of NFTs Declared ‘Dead’ Amid Market Instability
3.9.2024
A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. NFT Sector Faces Uncertain Path as 2024...
Monthly NFT sales fall below $400M, marking yearly low
2.9.2024
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million—the lowest this year
Bitcoin Miners Face Leanest Month of 2024: August Earnings Hit Year’s Low
1.9.2024
Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July. August Bitcoin Mining Revenue Drops...
NFT Market Faces Brutal August: Sales, Buyers, and Transactions All Plunge
1.9.2024
Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales falling by 41.36%. NFT Market Struggles: August Sales Plunge 41.36% After July’s Decline According...
CoinDesk 20 Performance Update: UNI and LINK Decline as Index Slips 1.9%
27.8.2024
Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact
25.8.2024
The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop...
$24M CryptoPunk sale shows either ‘NFTs are over’ or ‘this is the bottom’
23.8.2024
SideShift.ai CEO Andreas Brekken believes CryptoPunk ##5822 was “most definitely” sold at a loss and that NFTs are “going to zero.”
Nearly 80% of hacked cryptocurrencies never recover in price — Immunefi
22.8.2024
Crypto protocols usually sustain real damage after the exploit occurs, but some tokens are more resilient
US Bitcoin ETFs Thrive With $39M Boost, Ethereum ETFs Experience $17M Decline
22.8.2024
On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) marked their fifth straight day of inflows, adding $39.42 million to their gains. Meanwhile, the spot ether ETFs experienced a dip, losing $17.97 million during the day’s trading. Spot Bitcoin ETFs See Fifth Day of Inflows, Ether...
Devere CEO Advises Shifting Away From US Assets as Dollar Weakens
22.8.2024
Nigel Green, CEO of financial advisory and investment management firm Devere Group, has advised investors to reassess portfolios due to the U.S. dollar’s significant drop, which signals a potential shift in market dynamics. The dollar’s decline could present both challenges...
Cryptoquant: Bitcoin Demand Remains Weak Despite Accumulation by Long-Term Holders
21.8.2024
Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some resilience to the market. Report Shows Bitcoin Demand...