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After amassing $727 million in BTC at $62,362 per coin earlier this year, the Bitcoin whale made the move by “panic selling” around $50 million worth of the flagship cryptocurrency amid the recent price drop. led to losses. According to data from on-chain crypto analysis service Lookonchain, the crypto whale panic sold 800 BTC worth $48.5 million, with Bitcoin prices recently falling from over $64,000 to a low of $60,000 earlier this month. I've recently started to recover from that. Bitcoin has risen more than 2.5% in the past 24 hours and is trading at $62,000 at the time of…
In an October 8th report, ETC Group advised investors to hold Ethereum (ETH), Solana (SOL), and Aptos (APT) due to their strategic importance in the layer 1 blockchain space.As Ethereum faces increasing competition from new blockchains, the report highlighted the importance of assessing the market's recent status and long-term performance.Ethereum faces challengesAccording to the report, Ethereum's poor performance in the third quarter was caused by three main factors, the main one being the Dencun update that significantly lowered gas fees to increase the effectiveness of the Layer 2 network.This resulted in lower transaction fees and network activity on the Ethereum…
Argentina has surpassed Brazil to lead Latin America in the adoption rate of cryptocurrencies. Argentines turned to cryptocurrencies due to high inflation and strict currency controls. President Javier Millay's pro-crypto stance is attracting large-scale investments from crypto companies. Argentina currently leads the rate of cryptocurrency adoption in Latin America. The country recently overtook neighboring country and soccer rival Brazil to become the region's top digital currency user. The reason behind the rapid increase in crypto holders in this country does not come from a good financial situation, but the country is an example of what digital currencies can do for…
The U.S. Securities and Exchange Commission (SEC) has charged Chicago-based cryptocurrency trading firm Cumberland with operating as an unregistered securities dealer in transactions involving more than $2 billion in virtual currency assets. The complaint alleges that since March 2018, Cumberland has been buying and selling crypto assets offered and sold as securities as part of the ordinary course of its business, in violation of the registration requirements of federal securities laws. . According to the SEC, Cumberland, which bills itself as one of the world's leading liquidity providers in cryptocurrencies, trades digital assets with counterparties over the phone and through…
ETH saw a modest rise on the monthly chart, gaining just 2.89% Analysts believe ETH needs to stay above $2,300 to avoid mass sell-off While Bitcoin [BTC] Ethereum has fallen over the past week. [ETH] took a different path. In doing so, ETH recorded modest gains on the monthly price chart. At the time of writing, Ethereum was trading at $2,404. This marked an increase of 1.06% on the weekly chart, and the altcoin also gained on the daily chart. However, despite these gains, ETH is still well below its recent high of $2,700 and 50.7% off its ATH of…
Over the past few years, blockchain and cryptocurrencies have gradually changed the world and impacted many different industries, but few industries have been more affected than the art, music, and digital industries. At the center of this change is Ethereum, a decentralized blockchain that has since gained prominence and formed the basis of non-fungible tokens (NFTs). These NFTs will revolutionize consumption, creating digital content experiences and creating new value propositions for products for both producers and consumers. Therefore, NFTs not only reshape people's concept of ownership, but also disrupt traditional monetization models for artists. Smart contracts in Ethereum, one of…
The rise in CPI raised concerns about interest rate hikes, causing Ethereum to fall by 3%. Market uncertainty has led to ETF outflows as investors seek alternatives. ETH price could rise by 12 percent after hitting major support. Ethereum falls 3% on CPI data release Ethereum fell by 3% following the news of the release of Consumer Price Index data that showed the inflation rate was 2.4%, an increase of 0.1% year-on-year. A slight rise in inflation spooked investors, who were worried about raising interest rates to cool an already bearish crypto market. consumer price index data Ethereum quickly reacted…
Cryptocurrency markets were up heading into the weekend, with altcoins also rising. cryptocurrencyprice Gain +/-Bitcoin BTC/USD $63,000.44+5.8%Ethereum ETH/USD $2,459.54+4.3%Solana Sol/USD $145.88+6.2%dogecoin doge/usd $0.111+6.2%Shiba Inu SHIB/USD $0.00001775+8.2% According to IntoTheBlock data, large transaction volume decreased by 23.2% and daily active addresses increased by 3.6%. Transactions over $100,000 increased from 7,555 to 8,264 in one day. Exchange net flows decreased by 327.6%. Currently, 87% of Bitcoin holders are profitable, and 13% have reached break-even. According to data from Coinglass, 38,216 traders were liquidated in the past 24 hours, bringing the total liquidation amount to $115.88 million. cryptocurrencyprice Gain +/-Ethena ENA/USD $0.3366+25.2%mogcoin MOG/USD…
This week has been a volatile week for the cryptocurrency market, with most tokens going almost nowhere. Bitcoin (Cryptocurrency: BTC) As of 4pm ET, it's up 5.6% in the past 24 hours, but only 0.9% over the past 7 days. Ethereum (Cryptocurrency: ETH) It is up 3.9% in the past day, but only 1.2% in the past 7 days. and meme coin dogecoin (Code:Doge) It's up 6.3% today, but only 0.7% since last week.The main reason for the fluctuations is the inflation data released on Thursday. Consumer prices rose 2.4% over the past year, while core inflation, which excludes items…
Thursday's panic has passed and the bulls have regained control. This week has been a volatile week for the cryptocurrency market, with most tokens going almost nowhere. Bitcoin (BTC 4.25%) As of 4pm ET, it's up 5.6% in the past 24 hours, but only 0.9% over the past 7 days. Ethereum (Ethereum 2.74%) It is up 3.9% in the past day, but only 1.2% in the past 7 days. and meme coin dogecoin (Doge 4.42%) It's up 6.3% today, but only 0.7% since last week. The main reason for the fluctuations is the inflation data released on Thursday. Consumer prices…