#CryptoMarket

Activity on the Ethereum network shows a significant drop during August, according to recent data. Some key indicators are raising concerns among analysts and investors that interest in the network could be entering a prolonged negative phase. The current environment in the cryptocurrency market is not the most favorable for investor stimulus. This could be…

After contending with relentless selling pressure from the Grayscale Bitcoin Trust ETF (GBTC), the combined liquidations of approximately 60,000 BTC by the German and U.S. governments, distributions to Mt Gox creditors amounting to over 100,000 BTC, and additional distributions linked to the collapse of Celsius, Gemini, and Genesis Trading, Bitcoin is still holding steady at…

In an unprecedented operation, German authorities have seized nearly €25 million in cash and cryptocurrencies, dismantling a vast network of illegal cryptocurrency ATMs. This action marks a significant milestone in the fight against financial crime in Europe and highlights the growing scrutiny of crypto transactions across the continent. The raid, which took place on August…

Recent data from DefiLlama reveals a significant drop in trading volume on Solana’s decentralized exchanges (DEX) over the past week, with a decline of more than 10%. In contrast, trading volumes on Ethereum, Base, and Sui DEXs have seen increases of 12%, 11%, and a notable 77%, respectively, during the same period. To put this…

The cryptocurrency market is experiencing one of its most challenging days in 2024. Major tokens have dramatically declined in the early hours of this Monday, leaving investors worried that this downward trend may persist throughout the week. Despite attempts by BTC to rebound, selling pressure remains strong enough to threaten the $50,000 level. Analysts are…

The cryptocurrency market faced a tumultuous day, leading to massive losses that have investors fearing the worst. This raises concerns that the bull cycle might prematurely end. While it’s unlikely to occur, it remains a persistent worry among investors. As of writing this article, Bitcoin’s price is declining significantly. Over the past week, the leading…

In a surprising move for the crypto sector, the mining firm Marathon Digital announced a $100 million injection to purchase BTC. This initiative highlights the company’s solidity and the confidence of its leadership in the future of the crypto market. The company affirms that it is resuming its total Bitcoin holding strategy. This strategy means…

Joe Biden Withdraws from Presidential Race: How Will the Crypto Market React? This Sunday, the President of the United States, Joe Biden, announced his withdrawal from the presidential race in a historic decision. While he is not the first candidate to abandon the re-election race, the circumstances surrounding his decision are unique. Analysts are eagerly…

The German government has drastically reduced its Bitcoin holdings, with the current balance standing at 5,800 BTC after selling 88.4% of its original 50,000 BTC. On July 12, the German government resumed the sale of its Bitcoin assets. This move followed the return of some previously transferred BTC to the government’s Bitcoin wallet. According to…

Despite Friday’s significant drop, Bitcoin’s price remains aligned with the behavior of previous cycles. This is a highly positive sign, providing a clear understanding of the current pullback of the leading cryptocurrency. The drop of the pioneering digital currency to February lows this Friday caused a wave of panic among investors. Similarly, the FUD (fear,…