Markets

Binance’s dominance in Bitcoin trading outside the U.S. is dwindling as offshore exchanges expand their reach and regulatory landscapes evolve, reshaping the competitive dynamics of the digital asset industry. According to data from Kaiko, Binance, once dominating Bitcoin trading markets outside the U.S., has witnessed a decline in its share of BTC trading over the past year, dropping from 81.3% to 55.3%. Binance Loses Global Market Share Similarly, Binance’s proportion fell...

Bitcoin’s price actions were quite bearish for the past few days once again as the asset fell to $62,300 yesterday but managed to regain almost two grand since then. The altcoins have also turned green today, with ETH jumping above $3,300 and SOL reclaiming the $140 level. BTC Challenges $64K It was just over a week ago when BTC went through its fourth halving, slashing the block rewards by half for the miners. At the time, the asset’s price had experienced tons of volatility...

In the competitive cryptocurrency market, BlockDAG has rapidly attracted a significant investor base with its recent moon-themed keynote teaser and a robust presale tallying $20.7 million. With the current coin price set at $0.006 and projections of reaching $30 by 2030, BlockDAG is positioning early investors for a potential 30,000x return on investment after its mainnet launch overshadowing Galaxy Fox’s Debut. BlockDAG’s Innovative Path in the Crypto Market...

Within the sphere of cryptocurrencies, XRP whales are making significant moves, and TRON’s market position is evolving, yet the focus is intensely on BlockDAG. With a new announcement regarding a vesting period and a substantial $100M liquidity injection, BlockDAG has captivated the market’s attention, raising $20.7 million in its presale and outshining competitors like XRP and TRON. This strategic development underscores BlockDAG’s burgeoning community support...

Upbit, a cryptocurrency platform based in South Korea, is responsible for over 80% of the country’s trading activity and has become among the world’s leading five exchanges in terms of trading volume. According to a Bloomberg report, Upbit’s customers were responsible for nearly a fifth of the total deposits from its major banking partners last year. Upbit’s Dominance Sparks Concerns Upbit’s dominance has drawn criticism and concerns, particularly as South Korea moves to...

Institutional investors in Canada substantially increased their cryptocurrency exposure last year compared to the previous bull market cycle, according to a recent survey by accounting firm KPMG. The consulting group’s bi-annual survey, “Institutional Adoption of Cryptoassets,” received 65 responses, including 31 institutional investors managing over $500 million in assets and 34 financial services organizations. Institutional Interest in Crypto Assets Surged in 2023 In its...

Ripple’s price has yet to show a sign of recovery and is continuing its overall bearish trend. If things are to change, the price should soon begin its recovery, as the market is in a critical area. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, XRP has dropped aggressively below the 200-day moving average around the $0.6 level and has yet to climb above. However, the $0.5 support zone has held the price, and the market is consolidating above it. If the...

TL;DR The meme coin sector has experienced significant growth, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading, while newer tokens like dogwifhat (WIF) and Pepe (PEPE) gain traction through strong community support. Analysts remain optimistic about the realm’s potential, particularly post-Bitcoin halving, which has historically triggered market surges. Which Meme Coin May Join the Prestigious Club? The meme coin sector has been making great strides during the latest bull...

The lending market for non-fungible tokens (NFTs) has witnessed an unprecedented surge, hitting a quarterly high of $2.13 billion in Q1, marking a significant 43.6% quarter-over-quarter growth. According to data from CoinGecko, five of the six top platforms are seeing increased volumes. Blend Dominates with 92.9% Market Share In January, the NFT lending market hit a record $0.9 billion monthly volume, exceeding the previous peak of $0.85 billion in June 2023. Blend emerged as...

The focus of DTX Exchange (DTX) investors has shifted significantly as they prepare for the potential of a monumental price rally. While the broader market sentiment remains bullish, particularly with notable projects like Solana (SOL) and Jupiter (JUP) experiencing upward trends, DTX investors appear undeterred, choosing to chart their own course. Could this beginner cryptocurrency be the next big thing in the digital asset space? Read on to discover....