As cryptocurrency prices keep on dropping, investors flooded out of cryptocurrency investments products in April and their average daily trading volumes fell 16.3% to $244 million, marking the sixth consecutive month of declining trading volumes. According to CryptoCompare’s Digital Asset Management Review report, the trading volumes of cryptocurrency...
Over the last week, the world’s largest cryptocurrency Bitcoin (BTC) has flipped the $40,000 into resistance. As of press time, BTC is trading at $39,509 with a market cap of $751 billion. But some on-chain signals suggest that the worst might be behind us and we could be preparing for a major bull run ahead. Citing data from Glassnode, analyst On-Chain College explains that the 30-day change in the Bitcoin Exchange Balance has hit negative levels seen...
Large transactions of the meme-inspired cryptocurrency Dogecoin ($DOGE) have surged to get close to a 4-month high shortly after the microblogging platform Twitter accept a buyout bid from the CEO of Tesla and SpaceX, Elon Musk. According to data from IntoTheBlock shared on social media by crypto analyst...
Users on the Nasdaq-listed cryptocurrency exchange Coinbase have a median holding time for Cardano ($ADA) and Shiba Inu ($SHIB) of over 120 days, superior to most other cryptoassets on the platform. According to data showed on Coinbase’s price pages, Cardano’s ADA has a typical hold time of 121...
BTC price extends the previous session’s gains amid positive sentiments in the markets. Today the price opened higher relative to the last day’s closing session, thus forming a green candlestick. Further, the bitcoin buyers once again showed respect to the critical $37,000 level on the daily chart. As per CoinMarketCap, the overall market capitalization of the crypto space rose 1.6% to $1.8 trillion. BTC price bided well as it found the buyer’s support for the second straight day. As per the...
Welly, the world’s first restaurant using the meme-inspired cryptocurrency Shiba Inu ($SHIB) as a theme, has confirmed it will use a share of its profits, along with specific percentages of revenue from franchise fees, to burn SHIB. In a tweet on the cryptocurrency’s utility, Welly confirmed it will...
APE price is trading higher while recording fresh new highs on the daily basis. The price forward in the north with strong buying momentum. Even, if the sharp price movement could result in the retracement that could be utilized by the sidelined buyers to enter initiate a fresh long position as the current price action indicates the strength in momentum. ApeCoin’s price tested an all-time high at $20.95 following the consistent capital flows. Expect more gains towards $22.0 amid sustained buying...
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