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DYDX Explodes 200% In Last 30 Days – How Much Firepower Does This Token Have?

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The dYdX ecosystem has been growing since it was founded back in 2017. The exchange has now become one of the leading decentralized exchanges for trading perpetuals, a trading product similar to futures contracts minus the expiration dates. 

According to Coingecko, the governance token of the exchange, DYDX, has catapulted 175% in the bi-weekly with the biggest gains made in the monthly time frame at nearly 200%. This has been caused by positive on-chain developments and the complete shift in sentiment in cryptocurrencies. 

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Bullish For Bitcoin, Why The Trading Volume Kept Soaring Over The Last 7 Days

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Bitcoin is showing no weakness, and the bullish trend seems poised for an extension over the coming days. According to a report from Arcane Research, the cryptocurrency continues to lead the crypto rally as institutions return to the nascent sector, injecting more strength into the price action.

As of this writing, Bitcoin trades at $ 22,900 with sideways movement in the last 24 hours. Over the previous week, the BTC price records an 8%. Other cryptocurrencies in the top 10 by market cap are recording profits, moving with the benchmark crypto.

Bitcoin BTC BTCUSDT Chart 1  Read more...

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Wrapped Bitcoin (WBTC) Supply On Ethereum Has Fallen 35% Since Last Year’s Peak

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Data suggests the wrapped Bitcoin (WBTC) supply on Ethereum has dropped by around 35% since the LUNA/UST collapse last year.

101,550 BTC Has Exited Wrapped Bitcoin Supply Since All-Time High

According to data from the on-chain analytics firm Glassnode, about 285,000 BTC was locked into the WBTC supply at an all-time high (ATH) last year. WBTC is a tokenized version of Bitcoin on the Ethereum blockchain that is backed 1:1 with actual BTC, and thus always trades at the same price as the crypto.  Read more...

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Bitcoin Bullish Signal: Large Whales Accumulated 37,100 BTC In Last 10 Days

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On-chain data shows large Bitcoin whales have finally started accumulating in the last 10 days as BTC has rallied strong.

Large Bitcoin Whales Have Added 37,100 BTC To Their Holdings In Recent Days

As per data from the on-chain analytics firm Santiment, multiple Bitcoin holder groups have displayed some strong accumulation recently. The relevant indicator here is the “BTC Supply Distribution,” which tells us which wallet groups on the network are holding what percentage of the total supply right now.  Read more...

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Bitcoin Nears $21,000 Level, Rallies 24% In Last Seven Days Post-FTX Mess

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Bitcoin is showing some renewed energy. As of writing, the top cryptocurrency is trading at $ 20,883, leading the crypto market to rally as optimistic investors enter the market.

This may seem as a surprise, but with the Consumer Price Index (CPI) data showing an improving economic trend, a further upwards break is possible for BTC. 

Analysts say that if BTC breaks through this crucial resistance, the start of the bull market is at hand. However, rejection from this resistance is imminent at time of writing. Can Bitcoin overcome this in the next few days?  Read more...

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Bitcoin Holders Who Bought In Last 5 Months Are Now In Profit On Average

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On-chain data shows that the average Bitcoin short-term holder is back in profit as BTC continues the sharp upwards momentum.

Bitcoin Is Now Above Short-Term Holder Realized Price

As per data from the on-chain analytics firm Glassnode, the BTC price is now above the average cost basis of the short-term holders. The relevant indicator here is the “realized price,” derived from the concept of the “realized cap.”

The realized cap is a capitalization model for Bitcoin that aims to find a sort of “true” value for BTC by putting each coin’s value at not the current BTC price (as is the case in the normal market cap) but instead the price at which the coin was last transferred.  Read more...

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Huobi Token Sees $75 Million Leave Platform In Last 24 Hours – Can HT Beat FUD?

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Huobi Token (HT) appears to be in a vulnerable state as it continues to deal with the drama that is happening within the Huobi cryptocurrency exchange.

While the crypto hiked its trading price by 3.2% during the last 24 hours to trade at $ 4.72 at the time of this writing according to tracking from Coingecko, the digital asset continues to struggle to regain some of its recent looses.

Over the previous seven and 14 days, HT has squandered 6.4% and 11.3% of its value, respectively, and is on the verge of another meltdown as suggested by some of its technical indicators.  Read more...

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Shiba Inu Rises 3% In Last 24 Hours, Can SHIB Flip Solana Again?

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Shiba Inu has seen a rise of 3% during the last 24 hours, but the meme coin is still behind Solana in terms of market cap.

Shiba Inu Has Enjoyed Uptrend In The Past Day, While Solana Declines

2022 was an abysmal year for both Shiba Inu and Solana, as the cryptos both saw drawdowns of more than 70% in the year, with SOL being especially deeper into loss. 2023 has, however, been kinder to these coins as they are both in the green so far.  Read more...

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Polygon Rises 3% In Last 24 Hours As Whales Buy MATIC

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Polygon has surged 3% in the last 24 hours as data shows Ethereum whales have been shopping up MATIC this New Year.

500 Biggest Ethereum Whales Have MATIC In Their Top 10 Purchased List

2022 was an abysmal year for Polygon investors as the cryptocurrency finished the year with losses amounting to more than 70%, but the coin has had a more optimistic start to 2023.

At the time of writing, MATIC is trading around $ 0.7795, up 3% in the last 24 hours. Here is a chart that shows the trend in the price of the asset over the last five days:  Read more...

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Dogecoin Continues To Bleed, Sheds Another 10% In Last 24 Hours

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Dogecoin has shed another 10% in value during the last 24 hours, as the memecoin continues its recent trend of decline.

Dogecoin Continues To See Red Days, Coin Now Down 9% Over The Last Month

With all the recent FUD going around the market, like the auditor of Binance’s Proof-of-Reserves, Mazars, pausing work for all its clients, the cryptocurrency sector has been bleeding hard during the past day. Dogecoin, the largest memecoin, has been no exception, much to the dismay of its investors.  Read more...

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Shiba Inu Dumps 7% In Last 24 Hours, Slips Down To 14th Largest Crypto

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Shiba Inu has dumped 7% over the last 24 hours, and as a result has slipped down to being the 14th largest crypto by market cap.

Shiba Inu Has Plunged Down Around 7% Over The Past Day

After initially observing some decent bullish trend during the last couple of weeks, the past few days haven’t been so kind to the memecoin.

The last 24 hours, especially, have been rough for Shiba Inu as it’s has taken a beating of more than 7% in the period, taking the price down to just $ 0.00001100.  Read more...

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Bitcoin Price Down 13% In The Last 7 Days – Will BTC Continue Falling?

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Bitcoin price is again being challenged by all sorts of elements. It’s a “fresh chill,” says one analyst as the crypto winter shows no signs of let-up.

The cryptocurrency market as a whole is beginning to exhibit indications of weakness (and that’s not surprising, actually), with capital outflows eroding recent gains.

As a result, Bitcoin price, which has corrected while struggling to maintain a price over $ 20,000, has been subject to extreme selling pressure.

Bitcoin had significant sell-offs on Friday night and was just trading below $ 21,500, down roughly 10% in the last 24 hours. The largest cryptocurrency in terms of market capitalization has decreased by 14% during the past week.  Read more...

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Cardano Founder Explains Reasons Behind Vasil Delay, But Is This The Last Time?

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The Cardano Vasil hard fork has now experienced its second delay in the last two months. This upgrade is important to the network’s growth, and as always, Cardano developers continue to stay true to form by only shipping out safe products. The second delay was announced at the end of July, and founder Charles Hoskinson has made a video explaining what was behind the delay and what is expected for Vasil hard fork going forward.

Delay Was Caused By Bugs  Read more...

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GameStop’s Desperate Pivot Is the Last Gasp of a Dying Brand

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GameStop has joined forces with global innovation design firm R/GA to outline a new strategy to save the waning business. The initiative comes at a time when the video game retailer is enduring a record-breaking slump in sales and reeks of a desperate effort to reverse its unstoppable decline. In a press release issued yesterday, […]

The post GameStop’s Desperate Pivot Is the Last Gasp of a Dying Brand appeared first on CCN Markets

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Markets Update: Crypto Prices Surge After Last Week’s Pullback

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Digital currency markets have regained some of the losses they endured last week, with the entire cryptoconomy now valued at $ 275 billion this Saturday. Most cryptocurrencies are up in value between 2-8% today but global trade volumes have tapered off with only $ 63 billion swapped in the last 24 hours.

Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading  Read more...

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Ouch: Galaxy Digital Lost $272.7 Million Last Year

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Cryptocurrency-focused merchant bank Galaxy Digital LP (TSXV:GLXY) reportedly lost a whopping $ 272.7 million in 2018, with the largest contributor being a $ 101.4 million realized loss on Bitcoin and Ethereum holdings. According to recent filings, the Mike Novogratz-led startup lost $ 97 million in the fourth quarter, building on losses of $ 76.7 million in the third quarter. As […]
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Survey Shows Europeans Think Crypto Will Last a Decade, but Are Less Confident in BTC

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Survey Shows Europeans Think Crypto Will Last a Decade, but Are Less Confident in BTC

According to a recent survey of 10,000 European residents, 63% believe that cryptocurrencies will still be around in 10 years. However, polled respondents were not so confident about bitcoin core (BTC) lasting over the next decade as only 49% of participants believe BTC will be around.

Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs  Read more...

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Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

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Survey Shows South Koreans Increased Crypto Holdings by 64% Last Year

Over the last few years, South Korea has become a hotspot for cryptocurrencies and the region captures a large amount of the world’s digital asset trade volume. A survey published on April 20 by the Korea Financial Investment Association shows that the average South Korean cryptocurrency trader has increased their crypto holdings by 64.2% over the last year.

Also read: Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings  Read more...

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