[ad_1] According to data from Bitcoin Magazine Pro, the global money supply, also known as global liquidity, has hit an all-time high of $95 trillion; Bitcoin investors and analysts closely watch this key indicator, as higher liquidity has historically preceded major bull runs.Global liquidity is the total amount of money circulating in the global financial system. It encompasses the M2 money supply of major economies like the U.S., China, EU, Japan, etc. M2 includes cash, bank deposits, money market mutual funds, and other near-money assets.This figure recently hit $95 trillion, approaching the $100 trillion milestone. The previous all-time high was…
Author: dfrancis36
[ad_1] A widely followed cryptocurrency analyst is issuing a warning on a leading memecoin while outlining the path forward for Ethereum (ETH) and XRP. The analyst pseudonymously known as Credible Crypto tells his 405,000 followers on the social media platform X that the memecoin Pepe (PEPE) has held up “quite well” amid a wider market downturn. The pseudonymous analyst, however, says he is bearish on Pepe over the long term. “I would not be surprised if we see another leg up to take some untapped liquidity before the larger move down continues.” Based on Credible Crypto’s chart on the four-hour…
[ad_1] GRT’s current situation mirrors the bearishness the broader market is experiencing. Today, the total market cap shows a percentage slip, due to the major cryptocurrencies returning to levels that investors can sustain. On the altcoin side, GRT is one of the tokens that were hit hard by the bears. Related Reading According to CoinGecko, the token is down nearly 12% since last week, showing exaggerated losses in the face of continuous downward pressure. Although the token’s performance within the market leaves much to be desired, The Graph devs are brewing something around the corner that might turn the tide.…
[ad_1] Four years ago, MicroStrategy co-founder and Chairman Michael Saylor, turned to Bitcoin as a way to invest the company’s excess cash rather than traditional assets like short-term Treasuries. This decision has transformed the software firm into the largest corporate holder of the largest cryptocurrency on the market, with a Bitcoin stockpile now worth nearly $15 billion. However, as analysts are starting to pay closer attention, a new question has emerged: can MicroStrategy’s underlying enterprise software business keep pace with its rapidly growing Bitcoin holdings? MicroStrategy May Pause Bitcoin Purchases According to a Bloomberg report, revenue from MicroStrategy’s software operations…
[ad_1] As the XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) inches closer to a ruling on remedies – the final ruling on district court level – the crypto community is abuzz with speculation about the potential repercussions for the XRP price. Notably, Rachelle Renee, a popular crypto pundit, has voiced a dissenting perspective via X, arguing that the forthcoming Ripple-SEC ruling will not significantly impact the price of XRP, contrary to the expectations of many investors. How Will The XRP Price React? Renee’s analysis starts with a sobering view on the nature of the…
[ad_1] On-chain data shows the Bitcoin mining difficulty has gone through an increase of more than 10% in the latest network adjustment. Bitcoin Mining Difficulty Has Seen A Sharp Increase In Latest Adjustment The “mining difficulty” is a core feature of the Bitcoin blockchain that basically exists to control the inflation of the cryptocurrency. While BTC’s supply has a cap, it hasn’t been reached yet, so the asset’s supply is continuously going up. Miners “mint” new BTC by solving blocks on the network and receiving block subsidies as compensation. These rewards always have a fixed BTC value attached to them,…
[ad_1] Bybit, one of the top cryptocurrency exchanges in terms of trading volume, announced yesterday (Thursday) that it will terminate its products and services for French nationals and residents. The exchange cited “recent regulatory developments” by the country’s regulator behind its decision.Close-only to LiquidationThe official announcement detailed that the exchange will restrict the accounts of its French clients to a “Close-Only” mode from August 2, prohibiting them from opening new trading positions. It also urged French users to close all positions and withdraw their funds.“Please wind down and close all of your open positions across all products and begin to…
[ad_1] Do Kwon, the co-founder of bankrupt Terraform Labs, will be extradited to South Korea, a Montenegro appeals court ordered yesterday (Thursday), rejecting the United States’ bid. However, it remains unclear when he will be sent to his home country.The Fate of Do KwonThe latest order came after months of legal tussle between South Korea and the US regarding the extradition of Kwon. With its latest ruling, the appeals court upheld the previous ruling of a lower court.Although the charges of South Korea against Kwon remain unknown, the US prosecutors brought fraud charges against him.Kwon and one of his associates…
[ad_1] Defunct Japanese-based Bitcoin exchange, Mt. Gox, has executed another massive BTC transfer, moving over $2 billion worth of BTC to crypto wallet addresses. The exchange’s repayment plan is nearing its end, experiencing a significant reduction in its previously substantial distribution funds. Mt. Gox Moves Over 33,000 BTC In a recent X (formerly Twitter) post, AI-powered blockchain analytics platform, Arkham Intelligence uncovered a new substantial BTC transfer conducted by Mt. Gox. According to Arkham’s reports, the defunct Bitcoin exchange had moved a whopping 33,960 BTC valued at $2.25 billion on July 31. The blockchain platform disclosed that Mt. Gox’s massive Bitcoin transfer…
[ad_1] Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments…