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According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset’s “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October 2024 Monthly Market Insights report, Binance Research highlighted that the ETH issuance rate continued its ascent in September, moving away from its previously deflationary status. The second largest digital asset by reported market cap had a 30-day annualized inflation rate of approximately 0.74%, a…

The Bitcoin market is grappling with mixed predictions, fueled by both technical analysis and external factors like geopolitics. Political turmoil has hurt Bitcoin before. When tensions grow, cryptocurrency prices fall, unlike gold, market analysts say. Bitcoin shot down to about $59,000 as the Middle East’s crisis worsened, and then recovered somewhat, but continuing volatility is probably in the cards. In spite of this uncertainty, CoinCodex’s latest BTC price prediction offers a huge 40% gain in the price of the crypto…

As 2024 comes to an end, the momentum in the crypto market is changing leading up to 2025. New coins are rising fast, meme coins are booming as stable coins hit a record high. But OG coins like Bitcoin still hold its ground.  Here, we look at Bitcoin price action and the profit potential of the trending BEFE meme coin. Bitcoin: The Old Guard The whole cryptocurrency movement started with Bitcoin. This was the first digital currency that didn't need…

Following Dogecoin USD price action, all indications on the Dogecoin USD price chart point to a growing potential for Dogecoin USD to get a price surge soon. This is coming more importantly at a time when we are closer to the 2024 bull season. As investors close in on the crypto market, we are set to see a massive inflow of money take the Dogecoin USD on a climb to a new high. However, while the Dogecoin USD price is…

The International Monetary Fund (IMF) has suggested that El Salvador reduce government support for Bitcoin. This is a far more conciliatory attitude than previous attempts to repeal the nation’s Bitcoin law. Nevertheless, President Nayib Bukele seems committed to Bitcoinization. Bitcoin and El Salvador According to a recent report from Forbes, the International Monetary Fund (IMF) is trying a new tactic with El Salvador: if it won’t repeal Bitcoin’s status as a legal currency, it should reduce Bitcoin’s legal support. The…

A CryptoQuant analyst known as “caueconomy” recently published a post indicating that Bitcoin (BTC) may have reached a local bottom. The analyst points to a significant liquidation event as a key sign that a short-term recovery could be on the horizon. Although caueconomy acknowledged that Bitcoin has been going through a period marked by bearish price sentiment and technical indicators suggesting potential further decline, the analyst also highlighted that emerging signs may indicate a stabilization in the asset’s price. How Is BTC…

Bitcoin has yet to rally in October, with many bullish proponents awaiting the resumption of an uptrend. Among those closely monitoring the price action in anticipation of an uptrend is a well-known analyst on the social media platform X. This analyst, who goes by the name Ash Crypto, recently highlighted a striking similarity between Bitcoin’s current price behavior and a notable pattern observed earlier in 2023. Ash Crypto pointed to Bitcoin’s decline in early October 2023, which ultimately reversed into…

As the market buckles under the weight of the bearish sentiment, the altcoin market is continually being pulled further down forcing losses to altcoin holders. Injective is one of those altcoins facing massive losses with the token’s price slashed by 20% since last week, representing a strong bearish sentiment in INJ’s market.  Despite the market’s underperformance, the platform continues to cement itself as a premier Layer 1. Although the losses for investors and traders are painful, continued developments like these…

A CryptoQuant analyst using the pseudonym “tugbachain” has recently shed light on a key trend within the Bitcoin market. Posting on the CryptoQuant QuickTake platform, the analyst focused on the Market Value to Realized Value (MVRV) ratio, an important metric in the Bitcoin market. According to tugbachain, the MVRV ratio shows a historical downward trend. Should this trend continue or get breached, it may lead to a major impact on Bitcoin. MVRV Ratio And Its Impending Impact On Bitcoin The…