Markets

Data from IntoTheBlock revealed that investors withdrew approximately half a billion ETH from centralized exchanges last week, the highest the asset has seen since February. $500M ETH Leaves CEXs The withdrawal of large amounts of ETH from centralized exchanges signals investor confidence in the long-term price trajectory of the asset. Market participants usually withdraw their cryptocurrencies from centralized trading platforms to hold the assets in their private wallets or...

If you ask everyone one or two questions, they’ll tell you about their willingness to amass much wealth to cement their financial status. Now, what means are most of them not looking to achieve their aim? The answer is simple: crypto. As this exists, there are several meme coins in the market today. However, most of them aren’t investment-worthy because of their dip in value. Meme coins are tokens that mostly survive on the buzz of hype, and in periods where...

At the time of writing, there are less than 300 blocks left until the fourth Bitcoin halving. With blocks being generated on average every 10 minutes, we have less than two days before we witness this historic moment. As one of the most important narratives within the cryptocurrency industry, the Bitcoin halving is seen as a key catalyst for propelling the market into a new bull run, and it also signifies an impending major shift in the Bitcoin mining landscape....

Stellar lumen price is attempting a fresh increase from the $0.1020 zone against the US Dollar. XLM price is now trading above $0.1100 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.1140 on the 4-hour chart (data feed via Kraken). The pair could accelerate higher if there is a clear move above the $0.120 resistance zone. Stellar lumen price is trading in a positive zone above $0.1100 against the...

XRP price is attempting a fresh increase from the $0.40 support against the US dollar. The price is now trading above $0.480 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.5150 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.5450 resistance. XRP price is consolidating above $0.50 against the US Dollar, like Bitcoin. It must...

Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. During that timeframe, the crypto sector’s market cap surged from slightly above $1 trillion to over $2.5 trillion. Bullish Trends and BTC as a Hedge According to the report, OKX’s trading volumes have soared by an impressive 278% since October of last year, with Binance following closely behind with a 239%...

Meme coins have been at the forefront of the 2024 bull run, with many surging by double-triple-quadruple digits in the past few months. However, that trend changed in mid-March when the crypto market’s run was halted, and many retraced hard. Another change seems to be on the horizon, this time in a more positive manner, as the four best-performing assets from the top 100 alts today are coming from the meme coin realm. CryptoPotato reported earlier that Bitcoin had tapped...

Bitcoin’s price recovery continues following the recent massacres, and the cryptocurrency has jumped to about $65,000 as of now. The altcoins are even more in the green now, with ETH and BNB surging by approximately 4%, while SHIB has stolen the show. Bitcoin Aims at $65K It’s safe to say that the week leading to the fourth Bitcoin halving was quite painful. The asset fell from over $70,000 to $65,000 last Friday before it dumped to $61,000 a day later. After regaining some...

Riding in the coattails of a broader market resurgence, the NFT trading space witnessed in 2024 Q1, with volumes across the top 10 marketplaces soaring to $4.7 billion. According to CoinGecko’s latest report, Blur maintained its stronghold as the leading NFT marketplace during this period. During the first quarter of 2024, Blur recorded $1.5 billion in volume while at the same time, capturing a 27.6% market share, up from the previous quarter. Closely following behind is...

The Korean crypto markets have recently experienced a surge in trade volume, reaching heights not seen in over two years. According to a report from Kaiko, the first quarter of 2024 marked an important milestone as the South Korean Won (KRW) surpassed the U.S. Dollar (USD) in terms of cumulative trade volume. Competition and Shifting Dynamics This surge in trading activity comes amid fierce competition among Korean exchanges and shifting market dynamics. Upbit, a major player...