[ad_1] Data shows the Bitcoin Coinbase Premium Index has just seen a sharp rise into the positive region, a sign that could be bullish for BTC’s price. Bitcoin Coinbase Premium Index Has Spiked Recently As an analyst in a CryptoQuant Quicktake post explained, the Bitcoin Coinbase Premium Index has observed a surge despite the pullback the asset’s price has witnessed. The “Coinbase Premium Index” refers to an indicator that keeps track of the percentage difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). When the value of this metric is positive, the cryptocurrency is trading…
Author: dfrancis36
[ad_1] As of the end of Q3 2024, Tether’s USDT stablecoin has hit a new record with 330 million on-chain wallets. This shows that USDT is the market leader in stablecoins and is accompanied by an astounding rise in acceptability, particularly among small holders. Stablecoins are becoming more popular for a variety of financial transactions, including savings, remittances, and transactions, which is driving the rise. Unprecedented USDT Growth Among Small Holders According to Tether’s latest data, the number of wallets holding USDT has increased by 71% in just one year. This rise is primarily driven by wallets with balances under $1,000,…
[ad_1] A cryptocurrency launched by NFT marketplace Magic Eden made a dramatic debut yesterday (Tuesday). It captured attention with its initial surge in price, only to plummet shortly after. The NFT platform’s users, eager to claim their airdrops, faced a series of frustrating hurdles, including an unstable mobile app and a complicated claiming process. A Challenging Start for the ME TokenThe ME token launched at $10 and immediately jumped to more than $12 before tumbling to around $4. This drastic change represents a 67% drop. The price was then confined to a range of $4 and $8. At the time…
[ad_1] Amid waning market momentum, Ethereum, the second-largest digital asset, is displaying a notable downswing, falling to multiple support levels. However, with recent developments cited on its chart, the altcoin might witness a major rally that could send ETH to a new all-time high in the upcoming months. Key Breakout To Drive Ethereum’s Next Big Move Delving into Ethereum’s current price action, Captain Faibik, a market expert and enthusiast, pointed out that ETH has undergone a critical chart pattern breakout, triggering hope among investors toward its future price performance to unprecedented levels. This key chart pattern is a massive Triangle…
[ad_1] Este artículo también está disponible en español. The Solana price is currently in a massive supply zone after recent declines in the past 48 hours that cut across the entire crypto landscape. Notably, technical analysis suggests that the Solana price is on the way to a massive breakout that would see both its price and market cap surge by over 1,700% in the near future. This analysis is highlighted by a cup and handle formation that has been in play for over two years. According to Solana price analysis shared on social media platform X by crypto analyst Ali…
[ad_1] MicroStrategy is currently in a critical juncture, as it is in the process of integrating into the Nasdaq 100 index. It is anticipated that the decision will be officially announced on December 13 and will be implemented on December 23. A Significant Milestone In The Nasdaq 100 The Nasdaq 100 Index, which tracks the largest non-financial companies on the Nasdaq exchange, is scheduled for rebalancing, which would bring MicroStrategy into its portfolio. According to analysts, this should trigger approximately $2.1 billion in net ETF inflows as the funds rebalance their portfolios to include shares of MicroStrategy. That inflow is…
[ad_1] On November 27, 2024, BYDFi announced its official membership in South Korea’s CODE VASP Alliance. The partnership includes successful integration with the Travel Rule compliance solution, ensuring adherence to South Korea’s regulatory standards for crypto transactions. CODE formally welcomed BYDFi’s participation at the same time as a post. This important moment reflects BYDFi’s great attention to compliance and determined action, and also marks the crypto industry’s gradual progress towards a more transparent, secure and trustworthy future.CODE VASP: A Core Force for Compliance in KoreaThe CODE VASP, founded by Korea’s top three crypto exchanges, Bithumb, Coinone and Korbit, is Korea’s…
[ad_1] Este artículo también está disponible en español. Sentiment from the head of a Wall Street giant signals good news for the cryptocurrency economy. Goldman Sachs CEO David Solomon has said that the investment banking major would evaluate trading cryptocurrencies should US regulations permit the bank to do so. “At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal,” he said at a Reuters Next conference, held on Tuesday, 10 December. “We give our clients advice around a variety of these technologies and these issues, and will continue to do…
[ad_1] Crypto exchange Bitget plans to establish a regional hub in Lithuania ahead of the full implementation of the Markets in Crypto-Assets (MiCA) regulations.A Base for Regulatory ComplianceAccording to the official statement, the company intends to open a local office and build a team dedicated to compliance. The exchange is already licensed in Poland, Italy, and Australia and has reportedly been actively pursuing regulatory approvals in over 15 jurisdictions worldwide. Commenting about the business expansion plan, Hon Ng, the Chief Legal Officer of Bitget, said: “We truly appreciate EU regulatory authorities for their leadership and vision for nurturing a secure…
[ad_1] Follow the money; but in crypto, follow Bitcoin. In today’s crypto market, both are pointing up. US President-elect Donald Trump has gone on record as wanting BTC to hit $150,000 during his presidency. That declaration indicates just how bullish the current outlook is in the US and beyond. BTC grabs the attention, but behind the scenes, buyers are flocking to meme coins. The total meme coin market cap sits at $119 billion, and leading projects like DOGE and PEPE are up dramatically over the year. Against that backdrop, the Crypto All-Stars (STARS) presale drew $400,000 in a single day…