Bitcoin (BTC) displayed another drop today, falling to $58,710 after briefly rallying to $61,184 yesterday. This decline wiped out all gains over the last 12 hours, marking a 4% decrease. This drop, although notable, isn’t as severe as the decline seen on August 28, when BTC fell to $57,974—its largest
The memecoin space is abuzz with the recent activity of a major whale involving the dog-themed token WIF. This whale, the largest holder of WIF, recently borrowed 1.4 million USDC from Kamino, spending 1 million USDC to purchase 643,832 WIF at $1.55 just six hours ago. The whale currently holds
Binance Coin (BNB) has entered a period of consolidation, characterized by a gradual decrease in market volatility and price movement within a defined range. This shift is evident on the one-day chart, where key technical indicators paint a picture of market indecision and reduced price fluctuations. The flattening of BNB’s
Bitcoin layer 2 network, Stacks, has captured community attention with its latest Nakamoto upgrade, designed to accelerate transaction speeds. Despite this significant development, the Stacks native token (STX) has seen a 6% decline in the past 24 hours, alongside a 10% drop in trading volume. The Nakamoto upgrade, named after
Bitcoin has been under heavy bearish pressure over the past three days, hitting a 12-day low of $57,860 yesterday. Currently trading at $59,978 with a 0.19% decline, Bitcoin’s trading volume is down by 24%. Over the past month, the cryptocurrency has seen a 14% decline. Amid this downturn, significant whale
After the nine consecutive days of outflows, the US Spot Ethereum ETFs witnessed a net inflow of $5.84 million. The inflows were led by BlackRock’s ETHA and Fidelity’s FETH. Conversely, Grayscale’s ETHE continues to experience outflows. According to the SoSoValue statistics, BlackRock’s ETHA ETF witnessed the largest inflow of $8.40
Amidst a global market downturn, Helium (HNT) is changing the trend and showing significant gains. According to CoinMarketCap, the price of HNT surged over 12.29%, moving from $6.67 to a recent high of $7.49, with the upward momentum continuing. This rally comes with Helium’s official announcement of the approved proposals,
A notable move by a PEPE memecoin whale has caught traders’ attention. The investor, known for their diamond hand approach, initially spent $200,000 USDC to acquire 170 billion PEPE tokens on October 25, 2023. They held the tokens until July 25, 2024, when they sold them for $1.97 million USDC,
Layer-1 blockchain The Open Network (TON) has been in the limelight for the past few days ever since the arrest of Telegram CEO Pavel Durov. The TON blockchain has resumed operations following a significant six-hour outage caused by a surge in network traffic. Reportedly, the network stayed inactive on Wednesday
As the cryptocurrency market navigates a turbulent period, Bitcoin (BTC) has showcased a significant drop, moving from nearly $65,000 to below $58,000 in recent days. This downward shift has been influenced by a mix of factors, including market reactions to recent economic news and broader financial trends. According to CoinMarketCap,
