Articles by Author
Dormant Ethereum Whale Awakens After Seeing their ETH Holdings Surge Over 44,000%
- Francisco Memoria
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- 16 Sep 2024
A mysterious cryptocurrency whale that has been dormant for over eight years has recently resurfaced after seeing the value of the Ethereum ($ETH) holdings surge more than 44,000% to now stand at $39 million. According to data from Ethereum blockchain explorer Etherscan, first shared by EmberCN on the microblogging platform X (formerly known as Twitter), […]
Veteran Crypto Trader Says Bitcoin’s Current Valuation is ‘Still Super Low’ as BTC Moves Toward $60,000
- Francisco Memoria
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- 14 Sep 2024
Popular cryptocurrency trader and market analyst Michaël van de Poppe has recently he revealed he believes that the “current valuation of Bitcoin is still super low,” adding he wouldn’t be surprised if the cryptocurrency’s price explodes to $300,000 to $600,000 this cycle. His comment came in response to a quote from the world’s largest asset […]
Coinbase’s Tokenized Bitcoin cbBTC Hits $100 Million Market Cap Within a Day
- Francisco Memoria
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- 14 Sep 2024
Nasdaq-listed cryptocurrency exchange Coinbase has recently unveiled a tokenized version of Bitcoin on Ethereum and its Layer-2 network Base, cbBTC, which has seen its total market capitalization surge to over $100 million shortly after launch. According to data from Dune Analytics, first reported on by Crypto Briefing, cbBTC’s market capitalization is above the $100 million […]
El Salvador’s Undeterred Daily Bitcoin Buying Spree Hits 665 Days as It Holds Over $340 Million in BTC
- Francisco Memoria
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- 14 Sep 2024
El Salvador, the first country to embrace the flagship cryptocurrency Bitcoin as legal tender, is still accumulating 1 BTC per day, regardless of whether the price of the cryptocurrency is moving up or down. As first noted by on-chain analysis service Spot On Chain on the microblogging platform X (formerly known as Twitter), El Salvador […]
Incoming Volatility? Crypto Market Braces for $1.6 Billion Bitcoin and Ethereum Options Expiry
- Francisco Memoria
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- 13 Sep 2024
A total of $1.3 billion worth of Bitcoin ($BTC) options are set to expire today, September 13, 2024, while an additional $298 million worth of Ethereum ($ETH) options contracts are to expire as well, injecting uncertainty into the cryptocurrency market. With a combined notional value of nearly $1.6 billion, the expiry of these contracts, representing […]
SHIB Capitulation? Shiba Inu Investors’ Bearish Sentiment Could Signal a Potential Rebound
- Francisco Memoria
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- 13 Sep 2024
The meme-inspired cryptocurrency Shiba Inu has lost more than 55% of its value over the past six months, to now trade at $0.00001348 as it recently suffered from a wider market downturn that saw it dip 3% in a month. While the cryptocurrency s up more than 30% year-to-date, recent analysis by blockchain analytics firm […]
$750 Million Bitcoin Exodus Sparks Bullish Hopes as Price Surpasses $58,000
- Francisco Memoria
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- 13 Sep 2024
Bitcoin holders have moved around $750 million worth of the flagship cryptocurrency out of centralized exchanges in a single day this week, leading to largest net Bitcoin outflow since May. That’s according to data shared by IntoTheBlock, which shows that the four-month peak in net Bitcoin outflows came on September 10, as the price of […]
Bitcoin’s Sell-Side Risk Ratio Plummets Amid ‘Profit-Taking Exhaustion’
- Francisco Memoria
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- 12 Sep 2024
The cryptocurrency market continues to exhibit signs of turbulence as Bitcoin’s sell-side risk ratio, which measures the ratio of realized profit and loss relative to market size and indicates potential for heightened volatility, has experienced a sharp decline in recent days. According to a post made by popular cryptocurrency market analyst Kyle Doops on the […]
Sellers Exhausted? Open Interest on Altcoin Plummets 55% From All-Time High Amid Market Shift
- Francisco Memoria
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- 12 Sep 2024
The price of Bitcoin and its open interest (OI), which represents the number of total derivatives contracts yet to be settled, has been relatively correlated over the last few months and remains high, while the total altcoin open interest has plunged 55% since an all-time high in March. According to a recent Bitfinex Alpha report, […]
Ethereum (ETH) Whales Quietly Keep Accumulating to Now Control 43% of Supply
- Francisco Memoria
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- 11 Sep 2024
Ethereum’s largest token holders have been steadily accumulating more of the second-largest cryptocurrency by market capitalization, effectively increasing their dominance as they do so. According to data shared by on-chain analysis firm IntoTheBlock, Ethereum whales’ accumulation has been consistent since 2019 and accelerated in early 2023 after the network’s Shanghai upgrade, which started allowing staked […]
Global Stock Markets Bleed $4.1 Trillion in One Week in Largest Crash in Two Years
- Francisco Memoria
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- 10 Sep 2024
The global stock market saw its market capitalization plunge by around $4.1 trillion last week in its largest drop in two years amid a wide market sell-off that came over mixed US jobs data and growing deflationary pressure in China. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), world stocks’ […]
Crypto Market Dives into ‘Extreme Fear’ as Bitcoin Slips to $53,000 Level
- Francisco Memoria
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- 7 Sep 2024
Sentiment in the cryptocurrency market has dipped into “extreme fear” after the price of the flagship cryptocurrency Bitcoin ($BTC) dropped to $53,500 in a massive downturn that has seen the space’s total market capitalization dip below the $2 trillion mark. The Crypto Fear & Greed Index, which serves as an aggregate for investor confidence and […]
U.S. Debt Crisis Deepens: Annual Interest Payments Top $1 Trillion
- Francisco Memoria
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- 6 Sep 2024
The total annual interest costs on U.S. Federal debt have surpassed the $1.1 trillion mark in the second quarter of the year, with the government now paying a record $3 billion in interest per day on its debt. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the interest expense […]
Market Bloodbath: S&P 500 Shed $1.7 Trillion so Far in September, Outstripping Crypto Market Downturn
- Francisco Memoria
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- 6 Sep 2024
The stock market’s benchmark index, the S&P 500, has seen its total market capitalization drop by around $1.7 trillion so far in September ahead of expected interest rate cuts from the Federal Reserve later this month. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the stock market hasn’t seen […]
Bitcoin’s Path to $130,000? Analyst Sees ‘Massive’ Bullish Signs After Short-Term Holders Offload $36 Billion
- Francisco Memoria
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- 6 Sep 2024
The price of the flagship cryptocurrency Bitcoin ($BTC) has been steadily falling over the last few days after hitting a $64,000 high late last month. It’s now trading at $56,00 but, according to one popular analyst, it could soon surge to surpass the $130,000 mark. According to a post published by cryptocurrency analyst MetaShackle on […]
Mystery Trader Makes Over $10 Million After Betting on September Volatility Rise
- Francisco Memoria
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- 6 Sep 2024
September, a month historically marked by market weakness, has been living up to its reputation so far this year, with equities losing over $1 trillion in total market capitalization in a single session earlier. One trader, however, likely made over $10 million betting on volatility rising. That’s according to a post shared on the microblogging […]
Warning Sign? US Job Openings Plunge to 3.5-Year Low as Labor Market Weakens
- Francisco Memoria
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- 5 Sep 2024
US job openings have dropped to their lowest level in three and a half years in July, to 7.67 million, from 7.91 million in June, while available vacancies “materially missed expectations of 8.09 million.” According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), since seeing a peak in March 2022, […]
$290 Billion Swiss Banking Giant Launches Bitcoin and Ether Trading Services
- Francisco Memoria
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- 5 Sep 2024
One of Switzerland’s largest financial institutions, Zürcher Kantonalbank, which manages over $290 billion in assets, has begun offering its clients the ability to trade, hold, and custody Bitcoin and Ethereum via the bank’s existing mobile app, ebanking, and other channels. ZKB’s decision to embrace crypto aligns with Switzerland’s generally positive stance on digital assets. The […]
Titans Tumble: $1 Trillion Wiped Out in Record-Breaking Single-Day Stock Loss
- Francisco Memoria
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- 4 Sep 2024
Equities have lost over $1 trillion in market capitalization over the past trading session as large-cap tech stocks endured a massive sell-off that saw the price of Nvidia (NVDA), a company that’s been rallying off of AI growth bets, losing over $360 billion in market capitalization including its after-hours move. According to the economics outlet Kobeissi […]
Major Solana Whale Quietly Offloaded Over $99 Million of SOL So Far This Year
- Francisco Memoria
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- 4 Sep 2024
Amidst the broader cryptocurrency market’s volatility, Solana ($SOL) has faced an additional headwind, a persistent sell-off by a significant whale or institutional holder that has already offloaded over $99 million worth of the cryptocurrency on the market. According to on-chain analysis service Lookonchain, the potential institutional investor has been steadily offloading their SOL holdings through […]
Cryptocurrency Trader Turns $5,100 into $700,000 in Two Days with Little-Known Token
- Francisco Memoria
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- 4 Sep 2024
A cryptocurrency trader has managed to turn around $5,100 into nearly $700,000 in just two days trading a little-known cryptocurrency associated with a platform for token launches that’s referred to as Ethereum’s answer to Pump.fun. According to on-chain analysis service Lookonchain, a cryptocurrency trader with the handle frenulum.eth has managed to make a 134x return […]
Ethereum ($ETH) Price Performance Mirrors 2016 Trend That Preceded a 12,000% Surge
- Francisco Memoria
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- 3 Sep 2024
The world’s second-largest cryptocurrency by market capitalization, Ethereum ($ETH) has fallen short of investor optimism this year as it significantly underperformed the flagship cryptocurrency Bitcoin. ETH lost around 35% of its value over the past six months. The cryptocurrency has been enduring a bearish trend despite the launch of spot Ether exchange-traded funds (ETFs) in […]
Crypto Trader Bags $300,000 in a Month Shorting Leading DeFi Protocol’s Governance Token
- Francisco Memoria
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- 15 Aug 2024
A cryptocurrency trader has managed to make around $300,000 in a single month shorting MakerDAO’s MKR token, having borrowed 500 MKR from popular decentralized finance (DeFi) protocol Aave on July 19, to then sell the tokens for $1.37 million. The trader, according to on-chain analysis service Lookonchain, then spent little over $1.07 million in the […]
Norway’s $1.7 Trillion Wealth Fund Rakes in $138 Billion in H1
- Francisco Memoria
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- 14 Aug 2024
Norway’s massive sovereign wealth fund, which has nearly $1.7 trillion in assets under management generated an 8.6% return, or $138 billion, in the first half of the year, fueled by a surge in stock prices. Norges Bank Investment Management (NBIM), which oversees the fund’s investments, reported that equity holdings gained 12% during the six-month period […]
Fat Finger? Crypto Trader Pays $92,000 Transaction Fee to Move $2,000 in ETH
- Francisco Memoria
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- 14 Aug 2024
A cryptocurrency trader has paid a whopping $92,000 to move around $2,300 worth of the second-largest cryptocurrency by market capitalization Ethereum ($ETH) on the blockchain. According to blockchain data from Etherscan, first spotted by on-chain investigator DeFiac on the microblogging platform X (formerly known as Twitter), the trader paid around $90,000 in fees for a […]
Mysterious Solana Whale Dumped $86M in SOL Year-to-Date in Aggressive Sell-Off
- Francisco Memoria
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- 13 Aug 2024
A mysterious Solana whale has now offloaded more than $86 million worth of SOL tokens since January and has recently deposited nearly $2.8 million on cryptocurrency exchanges, in what appears to be a continuation of its sell-off. According to data shared by on-chain analytics firm Lookonchain, the mysterious Solana whale has now sold a total […]
Shiba Inu Burn Rate Explodes by 140,000% With Over 100 Million $SHIB Tokens Destroyed in 24 Hours
- Francisco Memoria
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- 10 Aug 2024
The community behind the meme-inspired cryptocurrency Shiba Inu ($SHIB) has helped its burn rate skyrocket nearly 140,000% over the last 24-hour period, with over 100 million tokens being sent to a dead address as a result. According to data from Shiba Inu burn tracking platform Shibburn, over the past day a total of 105,981,775 SHIB […]
Bitcoin Miner Reserves Drop to Three-Year Low as Death Cross Looms
- Francisco Memoria
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- 9 Aug 2024
Bitcoin miners has significantly reduced their BTC reserves over the last few months, to the point they’re not at their lowest level since January 2021, when the cryptocurrency’s price exploded from around $25,000 to over $69,000 before entering a downturn. The total amount of Bitcoin held by miners has plummeted to a three-year low as […]
S&P 500 Gains Over $1 Trillion in a Day, Sparking Fears of a Dead Cat Bounce Before a Bigger Crash
- Francisco Memoria
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- 9 Aug 2024
The stock market’s benchmark index, the S&P 500, has posted its “best day since November 2022,” after seeing a rise of more than 2.3% in the last trading session as it recovers from a significant drawdown seen earlier this month. According the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the S&P […]
Crypto Insiders Make Millions with Trump-Themed Token Before 95% Crash
- Francisco Memoria
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- 9 Aug 2024
A recently launched cryptocurrency Called Restore the Republic” has seen its price plunge by a whopping 95% after the son of U.S. Presidential candidate Donald Trump, Eric Trump, denied the token was associated with the family. The denial came in response to a now-deleted post on the microblogging platform X (formerly known as Twitter) from […]
‘Concerning’ Economic Indicator Predicts Imminent Recession After 75 Years of Accurate Forecasts
- Francisco Memoria
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- 8 Aug 2024
A “concerning” economic indicator in the United States is currently pointing to an incoming recession after accurately predicting the last recessions over the last 75 years accurately. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the US unemployment rate has now risen for four consecutive months, its longest growing […]
Why Is the Price of Toncoin (TON) up Today?
- Francisco Memoria
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- 8 Aug 2024
Leading cryptocurrency exchange Binance has announced it’s set to list the eigth-largest cryptocurrency by market capitalization Toncoin (TON) on its platform in a move that saw the cryptocurrency’s price surge more than 15%. According to Binance’s announcement Toncoin is set to be listed with four trading pairs available and categorized as a “seed asset,” a […]
Bitcoin Faces Impending ‘Death Cross’ After Plunge Below $60,000
- Francisco Memoria
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- 8 Aug 2024
The price of the flagship cryptocurrency Bitcoin ($BTC) has dropped by more than 10% over the past week to now trade at around $57,500 per coin, but the price drop saw the cryptocurrency teetering on the brink of a bearish technical pattern known as the “death cross.” The cryptocurrency’s price action, according to a chart […]
Ethereum Underperforms: ETH/BTC Ratio Hits Lowest Level Since April 2021
- Francisco Memoria
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- 8 Aug 2024
The second-largest cryptocurrency by market capitalization Ethereum ($ETH) has significantly underperformed Bitcoin in recent months to the point the ETH/BTC ratio, a key indicator of the relative strength of the two cryptocurrencies, has plummeted to its lowest level since April 2021, reaching a precarious 0.044. According to data shared by leading institutional digital asset data […]
‘Unprecedented’ Bitcoin Accumulation: Permanent Holders Amass $23 Billion in 30 Days
- Francisco Memoria
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- 7 Aug 2024
A mysterious buying spree has gripped the Bitcoin market, with the permanent holders accumulating nearly $23 billion worth of the cryptocurrency over the past month amid a surge in demand that has sparked speculation. According to on-chain data shared by the CEO of popular cryptocurrency analytics firm CryptoQuant, Ji Young Ju, there was a dramatic […]
Market Panic Drives Surge in ‘Buy Gold’ Searches After $5 Trillion Sell-Off, Data Shows
- Francisco Memoria
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- 7 Aug 2024
The price of gold saw a notable surge this month driven by a confluence of various factors, including investors concerns surrounding economic growth and the potential overvaluation of artificial intelligence, the point the precious metal neared record highs. Data from Google Trends shows, as Finbold reported, that investor interest for gold in the United States […]
‘Extreme Fear’: Crypto Market Plunge Sends Fear Index to Two-Year Low
- Francisco Memoria
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- 6 Aug 2024
A massive cryptocurrency market sell-off earlier this week saw the market’s Crypto Fear & Greed Index plunge into its lowest level in two years signaling “extreme fear” among investors for the first time since July 2022. The index, which utilizes multiple sources, including social media, to produce a relative number that reflects investor sentiment, has […]
Buying Frenzy: Bitcoin Whales Scoop Up $1.62 Billion Worth of BTC in Two Days After Massive Price Drop
- Francisco Memoria
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- 6 Aug 2024
Bitcoin’s recent price decline has spurred a buying frenzy among the cryptocurrency’s largest investors, colloquially known as whales, which accumulated approximately $1.62 billion worth of the cryptocurrency in just 48 hours. According to data from on-chain analytics firm Santiment shared by popular cryptocurrency analyst Ali Martinez, these high-net-worth investors bought 30,000 BTC in the span […]
Blood in the Streets: Wall Street’s ‘Fear Index’ Surpasses Historical Level Amid $5 Trillion Sell-Off
- Francisco Memoria
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- 5 Aug 2024
The Chicago Board Options Exchange Volatility Index (VIX), a real-time index that represents the stock market’s expectations for near-term volatility, has hit a level that has only been seen twice since it was crated. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the VIX is now above 65, […]
Bitcoin ETFs Bounce Back: $50 Million Daily Inflows Push Total Net Assets to $17.74 Billion
- Francisco Memoria
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- 3 Aug 2024
Spot Bitcoin exchange-traded funds have seen significant inflows after seeing significant selling pressure over the last two months. According to data from SoSo Value, spot Bitcoin ETFs have seen a daily total net inflows of over $50 million as of August 1, with a cumulative total net inflows that now stands at $17.74 billion. The […]
Key Recession Indicator That Accurately Predicted Every Recession Since 1970 Flashes Amid $2.9 Trillion Market Rout
- Francisco Memoria
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- 2 Aug 2024
A key recession indicator has just been triggered after the unemployment rate in the United States rose to 4.3% in July, leading to a massive stock market sell-off that saw the S&P 500 index lose more than $1.2 trillion in hours and Bitcoin plunge to $63,000. The unemployment rate rise triggered the Sahm Rule, a […]
Market Bloodbath: S&P 500 Crashes $1.2 Trillion in Hours as Recession Fears Soar
- Francisco Memoria
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- 2 Aug 2024
The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.” That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly known as Twitter), who pointed out that the […]
Market Crash? Nikkei 225 Plunges 5.81% in Second-Worst Drop Since 1987
- Francisco Memoria
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- 2 Aug 2024
Tokyo stocks suffered a catastrophic decline over the last trading session, with the Nikkei 225 index plummeting 5.81% to its lowest point in six months and facing the second-worst daily plunge since the infamous Black Monday crash of 1987. The index closed at 35,909.70, erasing nearly 2,217 points in a single day, reflecting the previous […]
Shiba Inu’s Burn Rate Plummets 60% in July Amid Market Downturn
- Francisco Memoria
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- 1 Aug 2024
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has seen its burn rate plunged by nearly 60% over the past month, as the cryptocurrency’s community sent around 380 million tokens, worth little over $6,000, to burn addresses in July. That’s according to data from Shiba Inu burn tracker Shibburn, which reveals that the monthly burn rate dropped […]
XRP Price Surge ‘May be Just Beginning’ After Over 37% Rise in a Month: Analyst
- Francisco Memoria
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- 1 Aug 2024
The price of XRP has surged by more than 37% over the last 30-day period, significantly outperforming the wider cryptocurrency market as the flagship cryptocurrency Bitcoin ($BTC) rose just 5.9% over the same period. According to a popular cryptocurrency analyst on the microblogging platform X (formerly known as Twitter), Javon Marks, the price of XRP […]
$5.2 Billion: Tether Reports Record Profit as Bitcoin Holdings Soar to 80,000 BTC
- Francisco Memoria
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- 1 Aug 2024
Leading stablecoin issuer Tether, the company behind the USDT token, has announced record-breaking profits of $5.2 billion for the first half of 2024 while also revealing a significantly expanded portfolio of U.S. government bonds, now valued at an estimated $97.6 billion. According to a recent announcement, Tether’s ownership of U.S. Treasuries is now at an […]
XRP Price Nearly 40% in a Month as Whale Wallets Hit Six-Month High
- Francisco Memoria
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- 31 Jul 2024
The price of the native token of the XRP Ledger has risen by more than 37% over the past month and that rise has seemingly also been accompanied by a rise in the number of whale wallets holding XRP, which “skyrocketed” over the past 5 weeks. According to data from on-chain analytics firm Santiment, there […]
Ethereum ICO Participant Moves 1,111 Tokens After 9 Years and 1,000,000% ETH Price Rise
- Francisco Memoria
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- 31 Jul 2024
A massive Ethereum ($ETH) initial coin offering (ICO) participant has recently shaken up the cryptosphere after transferring a staggering 1,111 ETH worth over $3.7 million after being dormant for nine years. The wallet in question, 0xE72, received 2,000 ETH back in 2015 during Ethereum’s ICO. This initial investment, worth a mere $620 at the time, has […]
Bitcoin Whales Accumulate at ‘Unprecedented Level’ after Adding 358,000 BTC in a Month
- Francisco Memoria
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- 26 Jul 2024
The price of the flagship cryptocurrency Bitcoin has risen more than 5% over the past week to currently stand above the $67,000 mark, seeing a price rise after a seismic market rout erased $1 trillion from U.S. equities in their worst day since 2022. The rise comes with Bitcoin in an “accumulation phase,” as over […]
XRP Ledger Activity Surges: New Wallets and Active Addresses Reach March Highs Amid 29% Price Spike
- Francisco Memoria
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- 26 Jul 2024
The XRP Ledger has experienced a surge in activity, with both new and existing addresses reaching levels not seen since March in an unexpected burst that came along with a significant price rise of nearly 29% in a 30-day period. On-chain data reveals a striking uptick in new XRP wallet creation, as in a single […]
Seismic Market Rout Erases $1 Trillion from U.S. Equities in Worst Day Since 2022
- Francisco Memoria
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- 25 Jul 2024
The day of reckoning arrived on Wednesday for the tech industry, as a seismic market rout erased a staggering $1 trillion in value from U.S. equities, led by the declines in shares of Tesla and Alphabet that marked the worst day for the S&P 500 and Nasdaq Composite since late 2022. At the heart of […]
Oracle of Omaha’s Warning Sign: Buffett Indicator Reaches Record High
- Francisco Memoria
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- 24 Jul 2024
The specter of a market bubble is once again haunting Wall Street as the Buffet Indicator, a metric favored by the Oracle of Omaha that measures the ratio between a country’s total stock market capitalization and its GDP, has hit a new all-time high. According to data shared by Barchart on the microblogging platform X […]
XRP Price Set to Soar? Whales Accumulate $84M in a Week Amid Breakout Hopes
- Francisco Memoria
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- 24 Jul 2024
The cryptocurrency XRP has been making waves in recent days, with investors eyeing a potential breakout from its extended trading range after the token surged more than 20% over the last 30-day period and as whales have been accumulating. According to popular cryptocurrency analyst Ali Martinez, crypto whales have bought over 140 million XRP worth […]
Crypto Analyst Predicts Explosive XRP Price Surge to Over $3 After 2,275-Day Accumulation
- Francisco Memoria
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- 24 Jul 2024
A popular cryptocurrency analyst has recently suggested that the price of the native token of the XRP Ledger, XRP, could soon see an exponential price rise to over $3 after enduring an accumulation period of 2,275 days. According to the analyst Alex Clay on the microblogging platform X (formerly known as Twitter), the price of […]
Bitcoin, Gold, and Silver Prices Set to Skyrocket with Trump’s Return: Bestselling Author
- Francisco Memoria
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- 23 Jul 2024
Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, has recently suggested the flagship cryptocurrency Bitcoin will a, long with gold and silver, see its price rise “when Trump becomes President again.” Per the bestselling author, Trump is looking to weaken the country’s fiat currency, the U.S. […]
Historic Launch: Spot Ether ETFs See $361 Million in Early Trading Frenzy
- Francisco Memoria
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- 23 Jul 2024
The U.S. Securities and Exchange Commission (SEC) greenlit the launch of spot Ether exchange-traded funds, which started trading today, and in just 90 minutes of trading a total of $361 million changes hands in these funds. That’s according to Bloomberg intelligence analyst Eric Balchunas, who noted that this trading volume would rank these ETFs “about […]
Crypto Investment Products See Over $1.3 Billion Inflows in a Week with BTC, ETH, and SOL in the Lead
- Francisco Memoria
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- 22 Jul 2024
Over the past week, cryptocurrency investment products saw total inflows of $1.35 billion, bringing their ttotal inflows over the last three weeks to $3.2 billion, with Bitcoin investment products bringing in the lion’s share of funds, followed by ETH, Solana, and multi-asset vehicles. According to CoinShares’ Digital Asset Fund Flows report, BTC-focused products saw $1.27 […]
Bitcoin Eyeing $190,000? Analyst Points to Key Technical Indicator Suggesting Incoming BTC Surge
- Francisco Memoria
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- 20 Jul 2024
The price of the flagship cryptocurrency Bitcoin has recently surged to the $67,000 mark and amid its recovery, a popular cryptocurrency analyst has recently suggested that a key technical indicator points to a potential move to between $140,000 and $190,000. In a post shared on the microblogging platform X (formerly known as Twitter), popular analyst […]
Mass Capitulation: 672,510 Bitcoin Wallets Dumped BTC in a Month, On-Chain Data Shows
- Francisco Memoria
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- 20 Jul 2024
The number of wallets holding Bitcoin has been dropping at a rapid pace, with data suggesting that traders are capitulating over the belief that the price of the flagship cryptocurrency won’t surpass its all-time high of $73,500 seen in March. According to data from on-chain analytics firm Santiment, the number wallets with a BTC balance […]
Bitcoin Eyes New Highs as $7 Billion Exodus Drains Exchanges
- Francisco Memoria
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- 19 Jul 2024
The price of the flagship cryptocurrency Bitcoin ($BTC) appears to be consolidating around its current level of $65.000 ahead of what could be a massive rise to a new all-tie high, with data showing over $7 billion worth of the cryptocurrency were withdrawn from exchanges this month. The exchange exodus, pointed out by popular cryptocurrency […]