Browsing:Crypto News

Solana (SOL) has seen a significant recovery after 2 years
2 months ago 1 min read

Solana (SOL) approaches $200 mark after surging 50% in a month

Solana (SOL) has seen a significant recovery after 2 years, with a over 10% increase in market capitalization to $75 billion. In addition, SOL has seen over 27% increase in trading volume to $7 billion. The crypto is now 33% away from its all-time high (ATH) of $260.06 two years ago. Following this, crypto experts suggest that Solana is on the cusp of crossing the $180 price threshold, making it the most trending coin in the last 24 hours. In a month, Solana has seen a 50% surge, cementing its position as one of the most promising investments in the

Grayscale's GBTC sees over $10B outflow, marking a record withdrawal
2 months ago 1 min read

Grayscale’s GBTC sees over $10B outflow, marking a record withdrawal

Grayscale’s Bitcoin Trust (GBTC) has just been removed $10.6 billion, resulting in the second-largest outflow in the ETF industry over the last 15 years. The change in investor preferences is seen in the Vanguard S&P 500 ETF (VOO) taking the lead with over $258 billion in inflows, followed by the iShares Core S&P 500 ETF (IVV) and the Vanguard Total Stock Market ETF (VTI). Plus, exchange-traded funds (ETFs) such as SPDR Gold Shares (GLD) and SPDR S&P MidCap 400 ETF Trust (MDY) are experiencing significant withdrawals of funds. Furthermore, investors are reallocating their investments from gold exchange-traded funds (ETFs) to

Bitcoin (BTC) reached a new high of $73,709
2 months ago 1 min read

Bitcoin surges above $73,700 mark, reaching another high

Bitcoin (BTC) reached a new high of over $73,700, marking its fourth high in six days, driven by increased investments in US-based exchange-traded funds (ETFs) associated with the digital currency. The total net inflow into BTC spot ETFs reached an unprecedented $1.06 billion on March 12. Blackrock’s IBIT product amassed a record $849 million inflow. This renewed enthusiasm for crypto has boosted other digital currencies, with Ethereum seeing over 3.5% increase to around $4,080 and a 75% rise since the start of the year. Moreover, the Ethereum blockchain ecosystem is set to become more accessible with a significant software update

PRESI surged by over 20,000% in the past 24 hours.
2 months ago 1 min read

This new meme coin surges by over 20,000% in the past 24 hours

The value of Turbo Trump (PRESI), a novel meme coin, has experienced a substantial surge in the last 24 hours subsequent to its listing on SushiSwap using a Base blockchain-based token. The new meme coin increased by over 20,000% in the past 24 hours. It is anticipated that the coin is a “fan version” of the original Turbo Trump coin. According to its founders, the coin will increase Donald Trump’s popularity in anticipation of the impending presidential election. Nonetheless, its durability is questionable as a result of its inexperience and unprofessional staff. Notwithstanding this, the presale for the Green Bitcoin

Cathie Wood of ARK Invest has revised her forecast that the price of Bitcoin will exceed $1 million by 2030
2 months ago 1 min read

ARK Invest’s Cathie Wood says Bitcoin will exceed $1M before 2030 amid ETF surge

Cathie Wood of ARK Invest has revised her prediction that the price of Bitcoin will exceed $1 million by 2030, citing the introduction of spot ETFs in the US and the increase in its value. Furthermore, Wood maintains that the advent of spot ETFs has had a substantial impact on the potential of Bitcoin, prompting her to reassert her confidence in its forthcoming expansion. Note that the approval of spot ETFs by the SEC is considered a turning point that accelerates ARK’s projections. Additionally, Wood notes that major financial institutions have not yet begun trading Bitcoin, which implies that the

Shiba Inu (SHIB) meme coin has seen a huge spike in price and burn rate
2 months ago 1 min read

Shiba Inu surges by over 62% as burn rate increased by over 22,000% in just 24 hours

Shiba Inu (SHIB) meme coin has seen a huge spike in price and burn rate, resulting in a devoted group known as the Shiba Army. The jump is linked to over 22,432% increase in the burn rate over 24 hours, which sent 14 billion SHIB tokens to a “dead wallet,” essentially removing them from circulation. Furthermore, this drop in supply is seen as a trigger for long-term price rise, following the economic concept of scarcity driving demand. However, seasoned crypto veterans remain wary owing to the short period and volatility of the cryptocurrency industry. The quick price gain might indicate

BlackRock (IBIT) surpasses MicroStrategy in Bitcoin holdings
2 months ago 1 min read

BlackRock (IBIT) surpasses MicroStrategy in Bitcoin (BTC) holdings

BlackRock’s iShares Bitcoin Trust (IBIT) has seen a significant increase in its holdings, surpassing MicroStrategy’s Bitcoin (BTC) holdings by nearly 40 days. This week was the third-best week for IBIT, with 31,588 BTC added to BlackRock’s iShares Bitcoin Trust holdings. As a result, this puts the trust above MicroStrategy in Bitcoin’s rich list, which currently holds 193,000 BTC after its last purchase on February 26. Furthermore, MicroStrategy acquired its 193,000 BTC at an average price of $31,554, costing Michael Saylor’s company $6.09 billion. In addition, the formalization of BTC ETFs makes traditional finance more competitive in navigating the leading crypto’s

Bitcoin (BTC) has reached its all-time high
2 months ago 1 min read

Bitcoin soars past $70K: Will BTC hit $75K soon?

Bitcoin (BTC) has reached its all-time high, reaching $70,000, demonstrating market strength and gaining the attention of mainstream media and financial professionals. Scarcity, investment, and expectation are key reasons driving this spike. Over-the-Counter (OTC) trading desks are witnessing Bitcoin shortages, indicating rising demand for the digital commodity. The drop in BTC reserves stored on exchanges implies that investors are increasingly preferring to store assets in private wallets or safe storage options. Furthermore, exchange-Traded Funds (ETFs) are increasing buying pressure by acquiring an average of 4,000 Bitcoins every day, offering a regulated and accessible way for a larger spectrum of investors

Ethereum's (ETH) price has risen 4.92% in the past 24 hours to $4,003
2 months ago 0 mins read

Ethereum crosses $4K after surging by over 5%

Ethereum’s price has risen 4.92% in the past 24 hours to $4,003, with a 17.0% increase over the past week. The second-largest crypto by market cap has an all-time high is $4,878.26, which means the coin has a long way to go before hitting a new ATH. Additionally, the chart compares price movement and volatility over the past 24 hours and week, using Bollinger Bands to measure volatility. Furthermore, trading volume has fallen 0.0%, while the overall circulating supply has increased 0.25%, bringing the circulating supply to 120.11 million. ETH’s current market cap ranking is #2 at $479.62 billion. The

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement.
2 months ago 1 min read

MATIC’s active addresses increases by over 60% in the previous 30 days

Polygon (MATIC) is gaining popularity owing to a huge rise in active addresses, a critical indicator that measures user involvement. The number of MATIC’s active addresses has increased by over 60% in the previous 30 days, hitting 15,708 on March 3rd. Additionally, this shows an increasing interest in and acceptance of the Polygon Network. Historical data indicates a significant association between the increase of active addresses and MATIC’s price, with the rise frequently preceding a period of price stability or a prospective price increase. Recently, MATIC’s price has surged from $0.83 to $1.16, an over 38% gain, suggesting favorable sentiment

Over $11 million worth of XRP
2 months ago 1 min read

Over $11 million worth of XRP moved from Binance to an unknown wallet

Over $11 million worth of XRP, equal to 18.91 million coins, was moved from Binance to an unknown wallet, marking a huge shift in the crypto market. This follows a similar event in which around 18.34 million XRP, worth $11.2 million, was transferred from Binance exchange to an unknown wallet. Furthermore, these large-scale trades, dubbed “whale movements,” have attracted debate and research within the bitcoin community. These significant withdrawals often indicate purposeful movements by important participants in the market, such as XRP accumulation, in which wealthy investors increase their holdings in expectation of future price gains. The timing of these

Ethereum's total supply declines $250 million in the last week
2 months ago 2 mins read

Ethereum’s total supply declines $250 million in the last week

Ethereum‘s total supply has declined by 32,000 eth in the last week and 66,000 in the last 30 days, totaling more than $250 million. This has resulted in Ethereum exhibiting some momentum, with the ratio gaining on Bitcoin and reaching 0.058 BTC earlier today. Ethereum is still far from its all-time high, but a network upgrade next week will improve scalability for second layers by introducing prunable storage. Developers are considering decreasing issuance by lowering the staking payout to make it less appealing as it approaches 31 million eth locked in validators. The decline in supply occurs as base fees

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