Solana and Ethereum are highly competitive this month, nearly equal in protocol fees and decentralized exchange (DEX) volumes. Solana has outperformed Ethereum in key metrics over October and November, sparking talk of a potential “flippening” where Solana’s Market cap surpasses Ethereum’s. Despite Bitcoin’s dip below $100,000, the altcoin Market remains strong. Both Solana and Ethereum ...
Bitcoin’s price has rebounded to $97,000 after dropping to $90,500 following a peak of $104,088. Ethereum is showing strong movement above $3,454, with the potential to reach $4,000 soon. In contrast, Ripple experienced a rise over the week but faced rejection at $3, suggesting it may continue to decline. Currently, Bitcoin and Ethereum display signs ...
Bitcoin experienced a significant dip on December 5, 2024, after reaching an all-time high of $103,679. The cryptocurrency fell back to around $90,300 during a day of high volatility and was trading at $95,500 when reported. The abrupt price changes led to liquidations totaling approximately $885.61 million, affecting nearly 203,000 traders worldwide. Bitcoin accounted for ...
Chinese tech company Meitu recently sold all its cryptocurrency holdings, which included 940 Bitcoin and 31,000 Ethereum, for a total of $180 million. This decision came just before Bitcoin’s price soared to over $100,000. The company plans to distribute 80% of the profits from this sale as a special dividend to its shareholders. Initially, Meitu ...
In the last 24 hours, the cryptocurrency Market faced a major downturn, resulting in over $588 million in liquidations. XRP led the losses with more than $69 million, followed closely by Bitcoin and Ethereum, which saw liquidations of $60 million and $57.94 million, respectively. XRP’s price dramatically fluctuated, hitting a seven-year high before dropping. Bitcoin’s ...
The cryptocurrency Market is rapidly expanding, with its value growing from USD 5.08 billion in 2023 to a projected USD 15.39 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.13%. Key drivers include increasing technological innovations, rising institutional investments, and the surge of decentralized finance (DeFi) solutions. Major companies like Tesla and ...
Bitcoin ETFs are now holding a substantial amount of Bitcoin, nearly equal to what Satoshi Nakamoto, Bitcoin’s creator, has in their wallet. US-based ETFs own over 1 million Bitcoin, accounting for about 5% of the total supply, driven by remarkable Market performance. There are discussions in the Senate about potentially purchasing another million Bitcoin by ...
This weekend, several cryptocurrencies gained significant momentum, with XRP leading the charge as it became the third-largest cryptocurrency, right after Bitcoin and Ethereum. XRP surged 36% in just 24 hours and has increased 55% since Friday. Other notable movers include Chainlink, which rose by 17.6%, and Hedera, up 45.6%. Speculation around a potentially favorable environment ...
The U.S. government recently transferred around 20,000 Bitcoin, valued at approximately $1.9 billion, from a wallet linked to the Silk Road to Coinbase. This wallet still holds about $18 billion in Bitcoin. The move included a small test transfer of 0.001 Bitcoin before the substantial transfer to an intermediary wallet and then to Coinbase. This ...
The world of cryptocurrencies is back in focus as Bitcoin recently hit new heights. Many people may find terms like Bitcoin, blockchain, and crypto exchanges confusing. Bitcoin is the leading cryptocurrency, known for its wild price swings and lack of control by traditional banks. The blockchain technology supports Bitcoin, recording all transactions in a secure ...
