A long-term holder of Injective (INJ) recently offloaded 243,699 tokens worth $7.39 million to Bybit and CowSwap, reportedly contributing to price decline over the recent hours. The seller, who had accumulated the tokens between February 2021 and July 2022 at an average price of $10.92, realized a $15.21 million profit—a
The largest cryptocurrency, Bitcoin (BTC) has regained its lost momentum and trades at $95.7K. Ethereum (ETH), the largest altcoin reached $3.6K. This recent rally of ETH shifted focus to the altcoin market. However, with the Ethena market cap crossing $2 billion, the ENA price has surged by over 8.70%. In
Thena price is going sky high with its recent listing on Binance’s HODLer airdrops. THE token is trading above the $3.5 price level with more than 1800% weekly price rise. While the market cap is hovering around $277 million, 24-hour trading volume has already crossed $2.31 billion dollars. Thena is
XT.com, a Seychelles-registered cryptocurrency exchange, has suspended all cryptocurrency withdrawals following an alleged hack that resulted in the loss of $1.7 million. The exchange ranked 23rd on Coingecko and facilitating over $3.4 billion in daily trading volume, announced the suspension on November 28, citing a “wallet upgrade and maintenance.” #PeckShieldAlert
The cryptocurrency market cap rests at $3.31 trillion, registering a 2.59% surge in the past 24 hours. Despite the surge, the total trading volume has dropped by 8.36% to $201.06 billion. Notably, the Fear and Greed Index stands at 84, reflecting extreme greed. Bitcoin (BTC) has managed to recover from
XRP token’s price is on the rise with a 24-hour increase of around 4% today. The token is going on an upward movement from the low price level of $0.5 to above the $1.4 price level. While the friendly stance of Trump on crypto has been a positive influence on
While several countries are imposing heavy taxes on cryptocurrency gains, Hong Kong is easing the burden. Hong Kong plans to propose a tax exemption on cryptocurrency gains for institutional investors. According to a 20-page proposal seen by the Financial Times, the exemptions would extend beyond crypto to include a variety
Bitcoin’s recent attempt to break through the $100K mark faltered, with the cryptocurrency retreating to the $90K range, leaving the market wondering if a second attempt is on the horizon. Despite Bitcoin’s pullback, the buzz surrounding altcoins is growing, as the Altcoin Season Index (ASI) surges. Analysts suggest, If this
The most recent price cycle brought astonishing news to the crypto community. This Altseason was led by Ethereum, the altcoin that had docked at a price consolidation for several months. Following its surge, other cryptocurrencies also showed their upward movements. Additionally, Bitcoin also showed a 2% price increase hitting $95K.
Bitcoin’s market sentiment has been significantly influenced by a crucial metric, the Mean Dollar Invested Age (MDIA). This metric measures the average age of each BTC that has been sitting in wallets on the network. A rapid drop in MDIA indicates that dormant coins are moving back into circulation, a
