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…
Tag: crypto
Five Weeks, Five Purchases: MicroStrategy Invests Another $2.1 Billion In Bitcoin
MicroStrategy, the business intelligence firm helmed by co-founder and Chairman Michael Saylor, has made headlines yet again with the announcement of a $2.1 billion Bitcoin (BTC) acquisition. Interestingly, this is the fifth consecutive Monday that the Tysons Corner, Virginia-based corporation has announced major acquisitions of the market’s leading crypto, demonstrating confidence in BTC’s prospects and…
Is Bitcoin Entering a New Phase? Analysts Break Down Key Trends
So far, the Bitcoin market continues to demonstrate resilience as it maintains its price above the $90,000 price market despite various factors influencing its price movements. Amid this, a CryptoQuant analyst, aytekin466, recently shared insights into whether the cryptocurrency could face another significant price correction. Are Major Corrections a Thing of the Past? aytekin disclosed…
Market Reacts To Trump’s Crypto Support: Almost $10 Billion Invested In US Bitcoin ETFs
Since Donald Trump became president-elect a little more than a month ago, roughly $10 billion has flooded into US spot Bitcoin ETFs, showing growing optimism that his administration will support the cryptocurrency industry. According to Bloomberg, a dozen funds from big issuers including BlackRock and Fidelity Investments have received around $9.9 billion in net inflows…
Crypto Market Hit Hard With $1.7 Billion Liquidated, Largest Event Since 2021
The broader crypto market experienced a major crash on December 9. While the Bitcoin price dropped from $101,109 to as low as $94,150, marking a -7% decline, the altcoin market suffered significantly more severe losses. Ethereum fell by as much as -12% at one point, XRP by -22%, Solana by -15%, Cardano by -23%, Dogecoin…
PEPE Hits $10.5 Billion Market Cap Milestone Amidst Frenzied Whale Action
PEPE, the meme-inspired cryptocurrency, made headlines after crossing $10 billion in market valuation. The memecoin’s price increased by more than 22% in the last week, which confirmed its dominance in the digital asset industry. Its ascent is attributed to a blend of factors such as exchange listings, whale stockpiling, and overall market bullishness following major…
HBAR To Hit $100? Analyst Points To Utility And Market Cap Potential
Hedera’s native cryptocurrency, HBAR, has garnered the interest of investors and cryptocurrency aficionados due to its remarkable recent performance and increasing prominence in the blockchain sector. Hedera’s HBAR token, supported by major technology companies like Google, IBM, and Boeing, has the potential to revolutionize decentralized finance. In the preceding month, HBAR has ascended by 430%,…
Bitcoin Price Bull Run: Analyst Reveals Why BTC Will Hit Its Top A Month From Now Below $150,000
Crypto analyst Tony Severino has revealed that the Bitcoin price bull run could end as soon as January 2025. The analyst further projected that BTC will top below $150,000 as its bull run ends by next month. Bitcoin Price Could Top By January 2025 Below $150,000 In an X post, Tony Severino reaffirmed his theory…
PEPE Price Hits $0.000027 ATH, On-Chain Data Says These Are The People Driving It
The PEPE price recently reached a new all-time high (ATH) of $0.00002716, becoming the first major meme cryptocurrency to do so in the ongoing bull cycle. This rally to a new PEPE all-time high was driven by increased whale activity and accumulation. Whale Accumulation Fuels PEPE’s Bullish Momentum Data shared by crypto analyst Ali Martinez…
Countdown To $5 XRP: Engineer Predicts Milestone On ‘Strong Fundamentals’
After hitting a high of $2.82 last December 3rd, Ripple’s XRP has suffered a minor correction and is now trading between $2.25 and $2.50, CoinMarketCap data shows. Last December 1st, XRP briefly went below $2.00 and has consolidated above this level for days. Like most digital assets in recent days, XRP is undergoing extreme market…