NFT Sales Slide Continues Amid Record Crypto Volumes, Marking Fourth Week of Decline – Bitcoin News Bitcoin.com News This news is republished from another source. You can check the original article here
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Godfrey Benjamin Binance updated reserve shows uptick in XRP, SHIB and DOGE balances Read U.TODAY on Google News The Binance exchange has released its current customer balance with over 3.13 billion in XRP, Shiba Inu (SHIB) worth 65.312 trillion units, and Dogecoin (DOGE) coming in at 14.779 billion net balance. These reserves represent 102.6%, 103.6% and 100.19%, respectively.XRP, SHIB and DOGE performances against major cryptosThe figures as outlined in the proof-of-reserves report show a marked difference in the holdings of Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), with customer net balances of 568,788 BTC, 4.44 million ETH and 30.89 million SOL.The…
Decentralized Finance (DeFi) has witnessed explosive growth recently, attracting new investors seeking high-yield opportunities. Total Value Locked (TVL) in DeFi protocols surged from just over $20 billion in early 2020 to a peak of nearly $400 billion in late 2021, highlighting the sector’s rapid adoption. 🛍️ Last Call: Presale Ends and Casino Starts on April 15! 🛍️ This growth has been fueled by financial instruments like lending, borrowing, and staking, offering alternatives to traditional financial services. Before allocating capital, investors must carefully assess a project’s underlying utility, tokenomics, and development team. Established players like Litecoin (LTC) and Polkadot (DOT) boast…
Whales desisted from making large LINK transactions Number of holders rose, pointing to a bullish thesis this cycle Large transactions involving Chainlink [LINK] have fallen by 23.55% in the last seven days, according to AMBCrypto’s findings. In fact, these transactions amounted to $70.32 million. The decrease in these transactions means that the those armed with enough capital have been overlooking the token. If LINK fails to get the attention of these whales, and enjoy some accumulation, the price might suffer for it. A decline may not be bad At the time of writing, LINK was valued at $17.32 — A…
Read U.TODAY on Google News Cardano (ADA) is in the spotlight in the market as its medium- to long-term growth outlook is painting gloomy potential. Top market analyst Ali Martinez spotted this bearish outlook and noted a lull in Cardano whale activity.Cardano and impending price consolidationAccording to Martinez’s post on the X platform, the dullness in whale activity is signaling an impending price drop for Cardano and, at best, a potentially long-drawn consolidation. Per the charts shared, the Cardano whale transaction count is at its lowest level since at least Feb. 8.Despite a recent milestone in key ADA on-chain transactions, which come…
Bitcoin Cash (BCH) continues its rapid ascent as crypto markets enter Q2 2024 in excellent health, while Ethereum’s (ETH) price rises steadily. Analysts eagerly seeking the next big crypto project to explode onto the scene are championing Raboo (RBT), a new crypto at just $0.003 in its presale, aiming to revolutionize the meme coin market with its rapid-selling presale. Bitcoin Cash (BCH): Enhanced capacity driving price increases Bitcoin Cash was the product of a pivotal moment in blockchain history, the block size battle, that aimed to address scalability problems on the Bitcoin network. The result of a hard fork, Bitcoin…
In the ever-fluctuating world of cryptocurrency, Binance Coin’s (BNB) price embarks on a fresh ascent from its foothold in the $545 zone. Market predictors indicate potential bullish momentum if the cryptocurrency successfully breaches the sturdy resistance levels of $585 and $590. Experience from recent activity shows that the BNB price embarked on an upward trajectory after finding strong footing around the $545 benchmark. Current trading patterns reveal that it has climbed past the $560 mark, concurrently with the 100 simple moving average index (a significant indicator over a 4-hour plot). ⭐ Verified AD ✔️ Furthermore, the currency appears to be…
According to The Motley Fool Ascent’s 2024 Cryptocurrency Investor Trends Survey, one of the major factors holding investors back from investing in crypto is a clear lack of utility for many top cryptocurrencies. More than a third (35%) of respondents who did not own crypto said that they “did not know what to do with it.”Fair enough. It’s hard to see any utility whatsoever for dog-themed meme coins, and even Bitcoin (CRYPTO: BTC) is still primarily a long-term store of value that you buy and hold (and don’t use in your everyday life). But don’t despair, crypto investors, because there…
Costa Rica has reignited discussions regarding the legalization of Bitcoin (BTC) and other digital assets for daily transactions. This move comes amidst a global trend towards embracing cryptocurrencies. Moreover, Costa Rica is poised to potentially join the ranks of nations embracing the digital currency revolution. Costa Rica Contemplates On Embracing Bitcoin JAN3, a Bitcoin technology company dedicated to expanding access to BTC globally, revealed Costa Rica’s positive move toward cryptocurrencies. The company revealed that Costa Rica has resumed the debate on allowing the use of Bitcoin and other digital currencies for daily transactions. In a post on X they wrote,…
As Bitcoin ($BTC) keeps breaking records, some investors hesitate, fearing they missed the crypto rally. But our crypto enthusiast Cyclop has a different perspective. He sees the market cycle just starting, with altcoins ready to make significant moves. This crypto shift came to light with Bitcoin’s struggles to stay above $72,000, creating selling pressure and prompting speculation about further declines. Despite trading within a crucial support zone, uncertainty looms. Will bears trigger a drop below $65,000, or is a bullish bounce imminent? An analyst opens his analysis for BTC and his shift to altcoins and stablecoins as a diverse strategy…