Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to…
Family offices, known for their entrepreneurial spirit, are embracing new investment opportunities. Though cryptocurrencies account for 5% of portfolios, an allocation that would have been unthinkable a decade ago, they remain strikingly split over the role of the asset class. According to the recently published 2024 BNY Mellon Wealth Management Study, approximately 39% of the…
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season; USDE Climbs to Fourth Largest Dollar-Pegged Token While…
Following weeks of consolidation, Ripple’s price is finally showing signs of beginning a significant move. However, this is not good news, as the anticipated move seems to be bearish. By TradingRage The USDT Paired Chart Against USDT, XRP has been consolidating inside a symmetrical triangle pattern over the last couple of months since dropping below…
As the crypto market continues to evolve, the rise of meme coins and the emergence of technologically advanced tokens like Option2Trade (O2T) signal a new era. While Cardano (ADA) has been knocked from the top 10, the innovative and robust nature of Option2Trade (O2T) offers a beacon of hope for those looking to invest in…
Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating. On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been…
Back in 2021, it seemed like every celebrity was getting involved with the cryptocurrency industry through non-fungible tokens. The Bored Ape Yacht Club (BAYC) and CryptoPunks were the hottest collections, and mega stars like Eminem and Justin Bieber (just to name a few) were rocking NFTs as their profile pictures on Twitter (now X). Three…
Analysts at market intelligence platform CryptoQuant have identified a surge in demand for bitcoin (BTC) from large investors and permanent holders. While this could mean many things for the crypto industry, it is deemed a positive sign per the laws of demand and supply. In the latest CryptoQuant weekly report, market experts said that accelerating…
Ten days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets indicated his chances of winning the 2024 election still stood at 54%, compared to incumbent President Joe Biden’s 40%. Since that time, the gap between Trump and Biden has widened significantly, with Polymarket odds increasingly…
After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC) saw its infamous premium in South Korea drop below 1% after nearly hitting 10% in mid-April. Current data…