On-chain data analyzed by leading crypto analyst Ali shows a significant rise in large transactions on the Cardano blockchain over the past three months. This indicates growing institutional interest that could propel the eighth-largest cryptocurrency to new price heights. Citing transaction data, Ali noted ADA transfers over $100,000 have regularly
As Bitcoin broke beyond the $41,500 barrier, the cryptocurrency sector as a whole has witnessed a tremendous surge. Moreover, Ethereum is also witnessing strong bullish momentum and is trading above the $2200 level at the time of writing. Furthermore, most altcoins have risen sharply, indicating widespread optimism in the cryptocurrency
Pro-XRP lawyers John Deaton and Bill Morgan have recently demanded that Congress step in and investigate the SEC’s behavior and the Republican members of the House Committee on Financial Services’ unwillingness to issue a subpoena. A federal court scolded the SEC’s attorneys in a case involving a crypto firm on
With its persistent appeal to large financial institutions, Solana (SOL) has reclaimed its status as one of the most sought after altcoins. The weekly update from CoinShares states that SOL assets under management surpassed $365 million, with $12.4 million more coming in last week. With $240 million and $49.1 million,
The sale of 3,150 Ethereum worth over $6.37 million by a crypto whale is sparking debate on whether investors should take profits after the token’s recent rally. The heavy transaction comes as Ethereum hovers below a technical resistance level that has repeatedly triggered sell-offs historically. According to on-chain data, the
In response to claims that Ripple’s monthly escrow XRP release dampened the cryptocurrency’s price performance over the last five years, legal expert Bill Morgan has cast doubt on that assertion. The ongoing discussion about XRP’s dismal performance over the last five years came to a head when a crypto fan
Over the past two weeks, Polygon’s native MATIC token has shown intriguing signals of significant buyer accumulation despite ranging prices. For seasoned crypto investors, such early signs often foreshadow major volatility swings. MATIC has traded sideways in a relatively narrow band since its unexpected 21% single-day drop seen earlier this
Solana and most altcoins have been riding the current bullish momentum. Late Tuesday, Bitcoin’s price began to climb as Federal Reserve governor Chris Waller signaled a possible economic slowdown and continued inflation moderation, praising the “right spot” for present policies. Additionally, Waller said that there is a strong case for
Cardano’s ADA token has witnessed growing volatility in recent days, with mixed signals emerging across varying timeframes that leave traders uncertain about the next major price move. Currently ranked as the 8th-largest cryptocurrency by market capitalization, ADA fell nearly 3% on Wednesday to $0.3735 amid broader declines across the crypto
Whales engaged in two major transactions at once, sending XRP tokens to both centralized exchanges and anonymous wallets. In the wake of the rise in whale moves, the price of XRP also saw minor declines. Two huge transactions took place recently, according to the data revealed by Whale Alert. An
