Markets

Bitcoin cash price started a fresh decline from the $300 zone against the US Dollar. The price is now trading below the $255 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $255 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $255 resistance zone. Bitcoin cash price is struggling below the $250 zone against the US Dollar,...

Stablecoin giant Tether quietly bought over $360 million worth of Bitcoin (BTC) at the start of the year, according to on-chain data. The purchase brings the company’s total Bitcoin holdings up to 66,400 BTC worth $2.7 billion. Tether’s Massive Bitcoin Buys According to Bitcoin market intelligence provider CryptoQuant, a blockchain address previously identified as Tether’s saw its balance rise from 57,500 BTC to 66,400 BTC on January 4. That’s the largest single-day rise for...

[PRESS RELEASE – Cayman, Cayman Islands, January 18th, 2024] zbyte, the premium Web3 infrastructure platform, is proud to announce the launch of its mainnet and the DPLAT token, a significant milestone in bridging the gap between Web2 and Web3 technologies. zbyte is backed by prominent investors like Cartography Capital and Quarterback Financial. The zbyte mainnet introduces an innovative low-code, no-code module that enables Web2 developers to effortlessly create...

If you’re thinking about buying Bitcoin (BTC), think again: savvy investors are starting to consider MicroStrategy (MSTR) a far more appetizing trade. In a series of posts to X this week, Blockstream CEO Adam Back has argued that shares in the Bitcoin-bullish software business are trading at a massive discount relative to their underlying BTC holdings. MSTR Versus BTC: Which Is Better? MicroStrategy is owned by self-identified Bitcoin maximalist Michael Saylor, and is one of...

Malgré la baisse du cours de ces derniers jours, l’iShares Bitcoin Trust (l’ETF Bitcoin au comptant de BlackRock), négocié depuis le 12 janvier, a passé aujourd’hui mercredi la barre du milliard de dollars d’actifs sous gestion. « Nous sommes ravis de voir l’IBIT atteindre cette étape au cours de sa première semaine, ça indique une forte demande des investisseurs. Ce n’est que le début. »  –...

TL;DR Shiba Inu experienced a substantial increase in its token burn rate, but its price continues to decline. Shibarium saw a rise in daily transactions, signaling growth in the meme coin’s ecosystem. Burn Rate Goes Through the Roof The popular meme coin – Shiba Inu – witnessed a burn rate increase of nearly 3,000% in the past 24 hours, resulting in over 30 million tokens being removed from circulation. The program aims to reduce the circulating supply of SHIB, making it...

EOS price started a downside correction from the $0.810 zone against the US Dollar. The price is now trading below $0.7650 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with support near $0.752 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.780 and $0.800 resistance levels. EOS price is declining below $0.780 against the US Dollar, like...

Litecoin started a downside correction from the $77.00 zone against the US Dollar. LTC price is now trading below $70 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $69.65 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $67.20 support. Litecoin price is correcting gains from $77.00 against the US Dollar, like Bitcoin. LTC price...

The first round of oral arguments between Coinbase and U.S. regulators during their major legal war has come to a close. The result? No immediate rulings – but the judge overseeing the case found herself impressed with Coinbase’s understanding of the issues and technologies at hand. Coinbase VS SEC on Staking Judge Katherine Polk Failla began Wednesday’s hearing by crediting the “DeFi people” for filing a “really fine” amicus brief on behalf of Coinbase months ago, which...

An astonishing 49,866 Bitcoins, dormant for 5-7 years, were suddenly on the move on January 16th. At an average unit price of $6,672, these old BTC present an enticing opportunity for buyers, promising a potential profit surge of around 640% upon resale. Notably, this volume wasn’t transferred to any crypto exchanges, as per the latest findings by CryptoQuant. In fact, recent trends show whales discreetly engaging in transactions without leaving noticeable traces. While this...