Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bitcoin
This Bitcoin Metric Is “One Of Crypto’s Top Leading Indicators”: Santiment
The on-chain analytics firm Santiment has explained how this Bitcoin indicator has been one of the top leading indicators in the cryptocurrency market. Holdings Of Bitcoin Investors With At Least 10 BTC May Correlate To Price In a new post on X, Santiment has discussed about a metric that has historically been one of the top leading indicators in the sector. The metric in question is the total amount of supply held by the Bitcoin investors carrying at least 10…
1 year ago
Crypto Strategist Who Predicted Bitcoin Rejection At $70,000 Reveals Where Price Is Headed Next
A crypto strategist who accurately predicted the current Bitcoin downtrend has shown where the price is headed from here. If the analyst’s prediction is anything to go by, then the decline in the crypto market may only just be in its beginning stages. Bearish Indicators Pile Up For A Bitcoin Crash Earlier this week, when the crypto market was still euphoric with the Bitcoin climb above $70,000, crypto analyst Xanrox was one of the few who called a possible decline…
1 year ago
Dogecoin at Risk of Rejection Even if Bitcoin Surges, Says Crypto Strategist
Analyst are divided on what the future holds for Dogecoin with bull-bear scenario showcased. While CrediBULL Crypto sees a bearish twist ahead, Ali Martinez projects an uptick. Popular crypto strategist CrediBULL Crypto has warned that a potential rejection is on the horizon for Dogecoin (DOGE) even if Bitcoin’s price rises. The crypto strategist’s remarks follow a notable decline in the price of DOGE and BTC within the past week. How DOGE Could Face Potential Rejection Using Bitcoin as a major…
1 year ago
Legislative Challenges Facing Bitcoin Mining Industry in Paraguay
About 55 companies are actively mining Bitcoin in Paraguay, benefiting from the rapid construction of large-scale mining operations. Paraguay sells surplus hydroelectric energy at a premium to Bitcoin miners, amidst discussions on industry regulation in the legislature. Néstor Cristaldo, an engineer specializing in electrical energy, discussed the prevalent issue of energy theft in Paraguay, attributing it to the inadequate security and prevalent corruption in the electrical management system. His observations coincide with the rapid growth of Bitcoin mining operations in…
1 year ago
Mastercard Launches P2P Cryptocurrency Transfer Network – Can It Propel Bitcoin and XRP to New Highs?
Mastercard has unveiled the P2P cryptocurrency service for users. Mastercard Crypto Credential is a verification tool that facilitates blockchain transactions between customers and merchants. Mastercard has introduced a peer-to-peer (P2P) cryptocurrency platform, targeting users in Europe and Latin America. This innovative initiative leverages Mastercard Crypto Credential aliases, simplifying and securing transactions for cryptocurrency users on supported exchanges. The Mastercard Crypto Credential platform extends its services to 13 countries, including Argentina, Brazil, Chile, France, Guatemala, Mexico, Panama, Paraguay, Peru, Portugal, Spain,…
1 year ago
BlackRock’s Bitcoin ETF Surpasses Grayscale, Becomes Leading Global Fund with $20B in Assets
BlackRock’s Bitcoin ETF has become the world’s largest Bitcoin ETF with $20 billion AUM after surpassing Grayscale Bitcoin Trust. The newly launched Bitcoin ETF has gained prominence for offering an easily accessible, simple, and cheap investment vehicle into the digital asset. Barely six months after the approval of Bitcoin spot ETFs, BlackRock has taken the lead as the world’s largest Bitcoin ETF fund after amassing over $20 billion in total assets under management. BlackRock’s iShares Bitcoin Trust (IBIT) dethroned Grayscale…
1 year ago
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BitcoinGoldman Sachs Underscores Bitcoin ETF’s Astonishing Success
The post Goldman Sachs Underscores Bitcoin ETF’s Astonishing Success appeared first on Coinpedia Fintech News Goldman Sachs has called the Spot Bitcoin ETF approval ‘a big psychological turning point’ and proved to be an astonishing success. The US SEC approval surprised many, which represented a tremendous shift in the overall perception of digital assets, which garnered massive institutional investment interest. The asset rallied more than 60% since the approval took place, and just three months after the issuance, BTC reached…
1 year ago
Mt. Gox Bitcoin Dump Looms: Opportunity for Altcoins, Bloodbath for BTC?
The post Mt. Gox Bitcoin Dump Looms: Opportunity for Altcoins, Bloodbath for BTC? appeared first on Coinpedia Fintech News Bitcoin (BTC) is on a rollercoaster ride, and the culprit behind the chaos? Look no further than the long-dormant Mt. Gox exchange. After years of silence, Mt. Gox is back in the spotlight, and traders are feeling the heat. Why? Because they’re bracing for a massive $9 billion Bitcoin dump into the market. Is this a golden opportunity for alternative cryptocurrencies…
1 year ago
BlackRock Overtakes Grayscale To Become The Largest Bitcoin Fund In The World With $20 Billion AUM
American multinational investment company BlackRock, has recently achieved a monumental milestone, recording over $20 billion in total assets. The BlackRock Spot Bitcoin ETF has successfully surpassed Grayscale to become the largest Bitcoin fund in the world. BlackRock Overtakes Grayscale BlackRock iShares Bitcoin Trust has recently become the world’s largest Bitcoin fund, overtaking its primary rival, Grayscale Bitcoin Trust (GBTC). As of Tuesday, May 28, BlackRock’s Spot Bitcoin ETF held around $19.68 billion in Assets Under Management (AUM), overthrowing Grayscale’s Bitcoin…
1 year ago