Markets

[unable to retrieve full-text content]CoinspeakerVisa’s Stablecoin Metric: Circle’s USDC Overtakes USDT in Transaction Volume Over the years, Tether's USDT has dominated the industry as the preferred stablecoin among its pairs, trading as the third largest crypto after Bitcoin and Ethereum, with a market capitalization of $110.64 billion.  Visa’s Stablecoin Metric: Circle’s USDC Overtakes USDT in Transaction Volume

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The environment surrounding decentralized exchanges, or DEXs, is a battlefield for innovation. New competitors are constantly fighting for market dominance, each with unique features and value propositions. Among these up-and-coming stars, DTX Exchange has drawn interest from cryptocurrency enthusiasts thanks to its incredible potential return on investment (ROI) of 20,000% during its presale. Given its rapid ascent, debates have arisen about whether DTX Exchange...

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...