[ad_1] The cryptocurrency exchange market appears to have undergone a transformative shift in 2024, driven largely by a significant uptick in institutional activity. According to insights shared by CryptoQuant on its QuickTake platform, major exchanges are witnessing unprecedented growth in Bitcoin and USDT deposits. This trend highlights the increasing confidence of institutional investors in digital assets, marking a departure from the traditionally retail-dominated trading space. The Institutional Interest Surge In Crypto Key metrics reveal that average Bitcoin deposits across exchanges have soared from 0.36 BTC in 2023 to 1.65 BTC this year. Similarly, USDT deposits have surged dramatically from $19.6k…
Author: dfrancis36
[ad_1] Solana started a fresh increase from the $215 zone. SOL price is rising and might aim for a move above the $240 and $250 resistance levels. SOL price started a fresh increase after it settled above the $222 level against the US Dollar. The price is now trading above $230 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $232 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $240 zone. Solana Price Eyes…
[ad_1] Cardano has processed over 134,000 transactions per second (tps), marking a significant milestone in the platform’s development. Charles Hoskinson, CEO of Input Output Global (IOG), shared his enthusiasm on X, stating, “Not bad Cardano. #HailHydra,” alongside a screenshot displaying 134,464 tps. Not bad Cardano. #HailHydra pic.twitter.com/eizTRjc9Ii — Charles Hoskinson (@IOHK_Charles) December 3, 2024 When a user inquired whether this feat was achieved on the testnet, Hoskinson clarified that it was “Hydra Doom,” explaining that “every frame of the game is a transaction. As people play, that’s the output.” This surge in transactions is directly linked to the ongoing $100,000…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…
[ad_1] A Southeast Asian country continues its rigorous policy against cryptocurrency platforms as it hampered access to digital asset exchanges. Regulatory officials in Cambodia imposed an iron hand against cryptocurrency players by blocking access to 16 crypto exchanges which include some of the popular firms such as Coinbase and Binance. Cambodia Crypto Crackdown Government officials in Cambodia kept on with their unwavering campaign to stop the activities of unregulated crypto in the country, dealing a huge blow against these unlicensed digital asset firms. Cambodia blocks access to 16 crypto exchange websites https://t.co/CYILxRKj1a — Nikkei Asia (@NikkeiAsia) December 3, 2024 The…
[ad_1] Este artículo también está disponible en español. Binance Coin (BNB), the native cryptocurrency of the Binance blockchain, has officially entered a new price discovery phase, recently reaching an all-time high of $774 late Tuesday. This significant milestone reflects a broader trend in the cryptocurrency market, where attention has shifted from Bitcoin (BTC) to altcoins like BNB and XRP, both of which have demonstrated impressive price movements over the past 48 hours. BNB Price’s 235% Year-to-Date Gain After a prolonged consolidation period between $430 and $600 from September to early November, BNB has surged nearly 25% in just the past…
[ad_1] Major cryptocurrency assets, excluding Bitcoin, usually known as Altcoins, are currently demonstrating strong momentum, rising significantly to pivotal levels in the past few days. While there is the belief that the tokens are surging due to a drop in Bitcoin’s dominance, several seasoned market experts think otherwise. Has The Much-Awaited Altcoin Season Begun? In an insightful prognosis concerning the much-anticipated altcoin season, Jamie Coutts, the chief crypto analyst at Real Vision, has shed light on the key factors that determine alt season. The crypto expert has debunked the widespread notion that altseason is solely determined by Bitcoin’s market dominance. Jamie Coutts’…
[ad_1] Bitcoin prices consolidate near the $95,000 level. BTC must clear the $96,500 resistance zone to attempt a fresh increase in the near term. Bitcoin is holding gains above the $93,500 zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $96,500 resistance zone. Bitcoin Price Faces Resistance Bitcoin price attempted to clear the $96,500 resistance zone. However, the bears…
[ad_1] Bitcoin has experienced a few days of ranging price action following its recent drop from $99K to $90K. The price is now holding above the $95K level, and this area is crucial in determining whether BTC will continue its ascent toward the $100K mark or retrace to find liquidity in lower levels. If BTC fails to hold above $95K, a correction could see it test support at $90K or even lower levels. CryptoQuant CEO Ki Young Ju shared an insightful analysis on X, warning that this alt season won’t be like previous cycles. He describes it as “weird and…
[ad_1] A widely followed analyst is leaning bullish on layer-1 blockchain Avalanche (AVAX) while offering his forecast for the flagship memecoin Dogecoin (DOGE) and interoperable chain Polkadot (DOT). The analyst pseudonymously known as Rekt Capital tells his 518,000 followers on the social media platform X that Avalanche witnessed a strong November. “Avalanche performed a historically bullish monthly close above the light blue level of $38.57. Any dips [below $38.57] in the future would be a retest attempt, in a very similar fashion to the retests from Sept 2021 and March 2024 (green/orange circles).” Source: Rekt Capital/X Based on the trader’s…