Interest

Data from Spot on Chain posted on X (Twitter) suggests that TRON Founder, Justin Sun transferred $35 million worth of cryptocurrency towards Binance during the past week, distributed across a total of 12 different tokens. These primarily consisted of DeFi assets, suggesting Sun has the objective of providing liquidity to Curve Finance. As a result, interest in diversification was raised by traders, and three altcoins that have seen the highest interest include Polkadot (DOT), Chainlink (LINK) and Rollblock (RBLK). To…

The cryptocurrency XRP is making waves as open interest (OI) for the token experiences a dramatic rise. This surge in investor positioning coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Bullish Bets On The Horizon Cryptocurrency analysis platform CryptoQuant detected a significant increase in XRP’s open interest, indicating a growing number of investors entering positions. This trend suggests a bullish sentiment, with investors betting on a potential…

The post Ethereum Price Gains Momentum Above $3,500 Amid Surging Whale Interest: What’s Next for ETH? appeared first on Coinpedia Fintech News Ethereum has successfully overcome its regulatory challenges as the SEC concluded its investigation into ETH. This news has boosted buying confidence in ETH, even with bearish pressure on the Bitcoin price chart. Additionally, there is a notable increase in on-chain metrics, indicating potential for further upward movement in the coming hours. SEC’s Closure of Investigation Boosts On-chain Metrics…

The post Shiba Inu Touches Monthly Low Amid Declining Whale Interest: Will Bulls Gain the Control of SHIB Price? appeared first on Coinpedia Fintech News As Bitcoin’s price declines from its recent peak of $70K to the low of $65K level, the once-lucrative meme coin market is feeling the pressure. The sector had previously offered robust returns exceeding 500% among the top tokens by market capitalization. Now, traders are cautiously eyeing potential gains in meme coins amid the downturn. However,…

Bitcoin's recent performance took a hit following the Fed's announcement on interest rates. With the 2024 bull run in motion, opportunities for short-term gains lie elsewhere. This article explores three promising altcoins poised for potential profits while Bitcoin cools down. CYBRO Presale: A One-in-a-Million DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential…

The post Senators Slam FED Chair, Demand Action on Interest Rates Amid Market Anxiety appeared first on Coinpedia Fintech News Following significant rate adjustments by leading central banks, including the European Central Bank’s recent trim from 4% to 3.75%, three influential U.S. Senators are taking action. Elizabeth Warren, Jacky Rosen, and John Hickenlooper have penned a compelling letter to Federal Reserve Chair Jerome Powell, urging a similar reduction in the federal funds’ interest rates to ease financial strains on working…

The post Analyst Predicts 200% Pump for FLOKI, Investors Show Massive Interest In APORK and Shiba Inu appeared first on Coinpedia Fintech News As seen by the recent estimate of a 200% increase for FLOKI, trends and predictions can grab the interest of the market in the erratic world of crypto. Investors are quite interested in this forecast and are also quite excited about Shiba Inu and Angry Pepe Fork. These memecoins emphasize how dynamic and unpredictable cryptocurrency investments are,…

The recent US jobs report has significantly impacted the cryptocurrency market, wiping out over $500 million in Bitcoin open interest. This drastic market movement comes after mixed signals from the latest employment data. US Jobs Report Slashes Bitcoin Open Interest The US Bureau of Labor Statistics reported that May saw an increase in hiring by 272,000 in the establishment survey. However, the household survey indicated a drop in employment and a rise in unemployment, which climbed to 4.0% — the…

The current situation for Bitcoin (BTC) reveals a pronounced demand shock, with prices steady at around $71,000. Demand from institutional investors, especially through spot Bitcoin Exchange-Traded Funds (ETFs), fuels this increase. Spot Bitcoin ETFs have experienced unprecedented net inflows. For the past 18 days, they have recorded continuous positive inflows, the longest streak since their inception. Is Bitcoin Awaiting Explosive Price Growth? Among Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) is particularly noteworthy. It accumulated $350 million on Thursday, the…