Dogecoin (DOGE) could not muster enough strength on Saturday as the collapse of Elon Musk’s Twitter acquisition crushed hopes for the mainstream acceptance of the coin. After the disclosure, the price of the largest memecoin in the world decreased by more than 4 percent. In recent weeks, the token looks to be reacting less strongly to Musk’s social media comments, rants included. Musk canceled his $44 billion plan to take over Twitter on Friday, alleging that the social media comp
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How Tether’s Shrinking Market Share Could be Good for Crypto:...
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Jul 10, 2022
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Tether was the king of the
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The eighth-largest cryptocurrency, Cardano (ADA), has shown some indications of life during the last two weeks. The network’s minor improvements were what actually encouraged investors’ hope. After that, Cardano must work even harder to surpass $4 and catch up to Ethereum in terms of market capitalization. According to CoinGecko’s data, ADA is now trading at about $0.48 with a 7-day gain of almost 5%. So, without a doubt, the network requires a lot of support if it wants to mov
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Bitcoin has not done as well as was promised, according to the naysayers. That is a vague statement since, over the thirteen years of its existence, there have been multiple promises and predictions from a diverse range of commentators.Has bitcoin become a global currency, acting as a peer-to-peer, digital medium of exchange? This is what its creator intended, and it is true to say that this has not yet happened to a far-reaching extent. However, although you can find early predictions articulat
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Mark your name in the crypto space and rule the crypto world with your unique business idea.
If you're a crypto enthusiast, then you would have been aware of the new booming platform pancakeswap which is a most popular food-themed defi exchange that runs on a binance smart chain. The decentralized concept has attracted more users to invest in DeFi exchanges because users will have more control over their funds.
Now coming to the point, how do they make money?
The major revenue streams that
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There are a lot of bitcoin forecasts that are circulating around the crypto space. However, pinpointing the correct level that the digital asset will fall into has been one of the hardest tasks. Nevertheless, the analysis can often try to tell what will happen next for the digital asset due to market movements and one of those analyses has been put forward by Peter Brandt, a notable name in the crypto space. Brandt Says Brace For Downtrend In a recent tweet, the market analyst and trader had pos
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Ethereum’s dominance in DeFi grew amidst market downturns, accounting for 69% of the TVL in protocols, DappRadar's latest report reveals.
DappRadar published the latest edition of its quarterly report, focusing on how the fall of Terra, Celsius, and 3AC have changed the blockchain landscape as the liquidity crisis deepened, impacting major CeFi players. In addition, the document dives into the fierce competition among NFT marketplaces, stating that OpenSea’s dominance continued to shrin
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Overview
Daily spot trading volume: $526.7 million, 30 day average spot: $716.2 million.
Total futures notional: $147.6 million.
The top five traded coins were, respectively, Tether (↑0.01%), Bitcoin (↑1.9%), Ethereum (↑4.8%), USD Coin (↓0.01%), Solana (↑4.6%).
Strong returns from Ambire AdEx (↑58%), Terra Virtual Kolect (↑40%), and Alien Worlds (↑18%).
July 06, 2022 $526.7M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
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Data shows the Bitcoin Coinbase premium gap has surged up to positive values, suggesting that buying from investors on the exchange could be behind the pump to $22k. Bitcoin Coinbase Premium Gap Observes Sharp Rise To Positive Values As pointed out by an analyst in a CryptoQuant post, after many months of negative values, the Coinbase premium gap is now above zero. The “Coinbase premium gap” is an indicator that measures the difference between the Bitcoin price on Coinbase Pro (USD
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Ethereum investment products struggled to attract substantial inflows from institutional investors since the start of 2022. With year-to-date outflows of approximately $451 million, ETH remained the worst performing digital asset among prominent cryptocurrencies. However, the sentiment changed slightly during the past week as ETH products witnessed inflows worth nearly $5 million. Amid bearish sentiment, institutional investors were more focused on short-Bitcoin investment products. During the
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Tether was the king of the stablecoins dominating almost 90% of the market. Its market share has now dropped to around half of that, which can only be good for crypto.
Tether still has the largest market share of all the stablecoins, but it is now around 43%, according to CoinGecko. Glassnode reports that the USDT market share is a slightly higher 45% but still shows the same downward trend of its dominance.
According to the Tether transparency report, there are 66 million USDT in circulati
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News Bitcoin
Marathon Digital Sold No BTC During the Market Crash
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Marathon Digital mined 707 BTC during Q2, 2022, and similar to previous periods,...
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Glassnode, an on-chain analytics platform, recently highlighted a sharp rise in the total number of Bitcoin whale addresses. 149,127 BTC addresses now hold at least 10 Bitcoin, the highest level since August 2021. The previous 11-month high of 149,120 was observed yesterday. Since March 2022, the overall number of Bitcoin whales has jumped substantially. Glassnode’s data shows that approximately 145,500 Bitcoin addresses held at least 10 BTC in March 2022.
Yesterday, a significant BTC whale m
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In May 2021, Chainlink (LINK) entered the list of the world’s top 10 cryptocurrencies after topping the market cap of $50 billion for the first time in its history. Once ranked as the 5th most valuable cryptocurrency in the world, LINK is now trading at around $6, which is down by almost 88% in 12 months. The scenario is not different across other DeFi assets as Uniswap (UNI) and Aave (AAVE) faced a similar situation.
Chainlink's Chart (Coingecko.com)
While the overall cryp
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Marathon Digital mined 707 BTC during Q2, 2022, and similar to previous periods, did not sell any of its crypto possessions.
Marathon Digital Holdings – a leading bitcoin mining company – mined 707 BTC during Q2, 2022, which is an 8% Year-Over-Year increase. More importantly, though, the firm did not sell any of its crypto stash and currently owns 10,055 BTC.
Despite the Bear Market, Marathon Kept Pushing
The latest cryptocurrency mining company to announce its quarterly results is the
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