Browsing:Crypto News

Stacks (STX) is the crypto that has gained the most out of the top 100
2 weeks ago 1 min read

Stacks (STX) token surges by over 30% in the past 24 hours, reaching 22-month high

Stacks (STX) is the crypto that has gained the most out of the top 100. The price increase coincides with a 22-month high in the global crypto market capitalization. As of this writing, STX is trading at $2.67, up 27% over the last 24 hours. Earlier today, the asset briefly reached a 26-month high of $2.8, a price last seen in December 2021. After the price increase, STX became the 29th-largest crypto when its market cap surpassed the $3.8 billion threshold. The increase occurs as the value of the entire crypto market exceeds $2 trillion, with Bitcoin (BTC), the most

The crypto market surged by $85 billion in a single day
2 weeks ago 1 min read

Bitcoin surpasses $52K, leading a massive $85B surge in the crypto market

The crypto market surged by $85 billion in a single day, showing the strength of the financial system. This was fueled by a notable increase in the price of Bitcoin (BTC), which broke above $52,000 for the first time in more than two years. This incredible increase indicates a strong comeback in investor confidence, particularly in light of the recent approval of a Bitcoin ETF, which started a rally across the board. The revolutionary digital asset, bitcoin, saw an incredible surge, breaking through multiple resistance levels and ultimately surpassing the $50,000 mark. BTC demonstrated its volatile yet ascendant nature by

This company predicts Bitcoin price to reach $112,000 in 2024
2 weeks ago 1 min read

This company predicts Bitcoin price to reach $112,000 in 2024

A company called CryptoQuant, which offers on-chain data and analysis, has projected the price of Bitcoin (BTC) to rise sharply by 2024. According to the company, if the inflows from spot Bitcoin exchange-traded funds (ETFs) continue at the current pace, the price of BTC could reach $112,000 this year. The firm added that the worst-case price for BTC is $55,000, still a 15% rise over its current value. The forecast was based on how inflows affected the market cap of BTC and a ratio that gauges its valuation. According to Ki Young Ju, CEO of CryptoQuant, spot Bitcoin ETF inflows

Bitcoin (BTC) surges past $50,000 for the first time since December 2021
2 weeks ago 1 min read

Bitcoin (BTC) surges past $50,000 for the first time since December 2021

The price of Bitcoin (BTC), the largest crypto by market cap, has surpassed $50,000 for the first time since December 2021. According to Coinbase data, Bitcoin (BTC) crossed the $50,000 threshold at 11 a.m. Eastern Time (5 p.m. Central European Time) on Monday. BTC has increased in value over the last seven days by more than 15% from its price of less than $22,000 at this time last year. It is now 16% higher than it was a month ago. After several eagerly anticipated exchange-traded funds (ETFs) were approved in January, it appeared as though Bitcoin would have a slow

Puffer Finance
2 weeks ago 1 min read

Puffer Finance reaches $850 million in TVL

Puffer Finance, an Ethereum liquid restaking protocol, now has $850 million in total value locked (TVL) in it, making it the second-largest of its kind. With the launch of Puffer Finance on February 1st, users can deposit Ethereum (ETH) and receive a liquid staking token that can be used to earn yield from restaking, which is the practice of staking the same Ethereum across multiple protocols to obtain additional yield. DefiLlama reports that Puffer Finance saw a TVL of over $146 million on its first day of operation. In a matter of days, it surpassed projects like Renzo and Kelp

Bitcoin (BTC) surges for the 7th consecutive day
2 weeks ago 1 min read

Bitcoin (BTC) surges for the 7th consecutive day, currently trading above the $48K mark

Bitcoin is getting close to reaching the much-awaited $50K milestone as investor interest in the recently introduced Bitcoin ETFs rises. A recent report from a senior Bloomberg analyst claims that Bitcoin is rising steadily and has been increasing every day for the past seven days. In recent days, inflows into Bitcoin ETFs have increased sharply, emulating the initial days of the ETF’s introduction. ETF inflows hit over $400 million in a single day, surpassing $9 billion after a month of the launch. Despite the sharp decline in Grayscale’s GBTC ETF, Bloomberg’s senior ETF analyst, James Seyffart, provided updates on the

This mysterious whale wallet has acquired over 4.5 million LINK tokens in just three days
2 weeks ago 1 min read

This mysterious whale wallet amasses over 4.5 million LINK tokens worth over $84 million

A mysterious Chainlink (LINK) whale goes on an incredible shopping spree and buys many LINK tokens. This mysterious whale wallet has acquired over 4.5 million LINK tokens in just three days, according to recent data from Lookonchain. The current price of the LINK token indicates that this accumulation is worth over $84 million. Analysts and investors are monitoring Chainlink whale’s unrelenting accumulation activity, which is creating hope for a future spike in the price of LINK. As traders eagerly await the outcome of this significant accumulation, speculation abounds in the crypto market. That being said, Chainlink is attracting interest from

Bitcoin" and "50k" have a strong social presence
2 weeks ago 1 min read

Analysts Discuss Bitcoin’s potential rise to $50,000

The on-chain analysis tool Santiment claims that traders are ecstatic about Bitcoin’s (BTC) surge to $48,000. With a 13% surge in price over the last 7 days, traders are speculating about the BTC’s support and resistance levels. Based on the post, traders expected Bitcoin (BTC) to reach $50,000 shortly. “Bitcoin” and “50k” have a strong social presence, which is indicative of this projection. Social dominance measures how much a word or asset is discussed on different social media platforms. Currently, Bitcoin holds the highest percentage of discussion among the top 100 cryptos, with a social dominance of over 5%. In

NY Attorney General sues crypto giants Gemini & DCG demands $3B for investor fraud
3 weeks ago 2 mins read

New York Attorney General Sues Crypto Giants, Demands $3B for Investor Fraud

Letitia James, the attorney general of New York, is requesting $3 billion in damages in her lawsuit against the crypto companies Gemini Trust and Digital Currency Group (DCG). This rise from the initial $1.1 billion is intended to assist more investors who fell for Gemini Earn’s deceptive claims. James claimed that when the lawsuit was filed in October, Gemini, DCG, and their executives had deceived investors by making false claims about how simple it would be to receive their money back from Gemini Earn and about the strength of Genesis Capital. She is now requesting $3 billion because there are

Ethereum (ETH) surpasses $2,486
3 weeks ago 1 min read

Ethereum (ETH) price breaks $2,485 as anticipation grows for its game-changing Dencun upgrade

Ethereum (ETH) surpasses $2,486. The main cause of this large price movement is the increasing interest in Ethereum’s most recent network upgrade, the Dencun upgrade. The successful rollout of this upgrade on the Holesky testnet recently garnered media attention, marking a significant milestone before its eventual deployment on Ethereum’s mainnet, scheduled for March. The Ethereum development community has been working hard; earlier in January, tests were carried out on other testnets, such as Goerli and Sepolia. The Ethereum network is about to see major improvements thanks to the Dencun upgrade. The goal is to increase the network’s transaction handling capacity

Bitcoin's (BTC) price surged to over $46,200
3 weeks ago 1 min read

Bitcoin’s price climbs to over $46,200, nearing a one-month high following ETF approvals

On February 8, Bitcoin’s (BTC) price surged to over $46,200, a significant rise that was almost exactly mirrored by its performance. This comes almost a month after the approval of spot Bitcoin Exchange-Traded Funds (ETFs). With a market cap of over $908 billion, the most valuable crypto is on the verge of a substantial upswing. This was evidenced by its most recent valuation of $46,263, which was reached. The fact that this recovery is still below the month’s high of $48,500 on January 11 highlights the inherent volatility of the market. The crypto market as a whole has seen a

The US SEC announces new rules that would increase crypto registration requirements
3 weeks ago 1 min read

The US SEC announces new rules that would increase crypto registration requirements

The US Securities and Exchange Commission (SEC) announced new rules on February 6 that would increase registration requirements, and entice more market participants to join a self-regulatory organization. It also said it guarantees adherence to federal securities laws and regulations. The new laws may lead to additional regulation of cryptocurrencies and decentralized finance (DeFi). The proposed new regulations were presented in 2022 in a 247-page document. The definitions of “dealer” and “government securities dealer” in the Securities Act Rules deviate from those found in the 1934 Securities Exchange Act, as does the definition of “as a part of a regular