Today signifies a significant milestone in the crypto year 2024 as Bitcoin reaches a two-year high of $50,375, while Ethereum surges past $2,500. The global crypto market cap stands at an impressive $1.87 trillion, marking a 4.32% increase over the last day. Additionally, the total crypto market volume over the
Over the past week, investment products focused on Cardano (ADA) saw an unprecedented spike in inflows, vaulting over 1,000% higher week-over-week, according to CoinShares data. The report revealed $6.1 million has entered ADA funds lately as analysts simultaneously call for a decisive price breakout. Per the digital asset flow figures,
Solana Mobile, a subsidiary of Solana Labs that makes smartphones with crypto-specific features, has achieved a significant milestone for its second device. The company has received 100,000 pre-orders for its “chapter 2” phone, which will run on the Solana blockchain. This has secured $45 million for the development and production
More and more Ethereum validators are considering staking their ether (ETH) on the network. An analysis of data from ValidatorQueue shows that the so-called validator entry queue has reached 7,045 entries, the highest level since October 6th. In little over 48 hours, the waitlist—representing more than 225,000 ether ($562 million)—is
The price of Cardano (ADA) has tumbled about 30% since hitting highs last month. And after being rejected again near a key $0.555 resistance level, ADA threatens to extend its downward slide over the short term. Cardano now trades within the confines of a falling price channel as its recent
ARK 21Shares has made changes to their spot Ether ETF application in order to implement a cash-creation approach, which is comparable to their authorized spot Bitcoin ETF. Additionally, they have also hinted to stake some of the ETF’s Ether in order to produce more revenue. After many conversations with the
Ethereum recently faced rejection at Fibonacci (Fib) resistance and trended downward. However, its price has now bounced at a critical Fib support level, signaling that the coin may turn bullish again soon. This rebound suggests investors might resume purchases, potentially lifting ETH out of its post-resistance decline. Bear Cycle weighs
Solana (SOL) had a positive month in terms of network activity, gaining a large number of users. But bears continued to exert pressure on the token’s price trajectory during this time. A major outage affected the Solana blockchain network on February 6th, keeping the network inoperable for about 5 hours.
Even if the crypto market as a whole is consolidating, Ethereum’s price has been rising over the last day. Though Invesco and Galaxy Digital’s spot Ethereum ETF approval was delayed by the U.S SEC recently, the price of Ethereum soared to $2,400 lately. There is a lot of hope among
The price of Cardano (ADA) has drifted lower in recent days, now trading under a key descending resistance level. After hitting a high of $0.69 in December, ADA has struggled to regain bullish momentum. It currently trades at around $0.48. According to technical analysis, ADA fell over 35% from its
