Considered safe-haven currencies such as bitcoin and gold are struggling to gain momentum even as global markets are starting to show signs of cracks in the form of volatility in fiat currencies of troubled countries, an observer said.
Bitcoin (BTC) $26,936.22 0.22%Ethereum (ETH) $1,676.07 0.18%BNB (BNB) $214.64 0.74%XRP (XRP) $0.517195 3.98%Cardano (ADA) $0.250316 0.91%Solana (SOL) $20.38 1.04%Dogecoin (DOGE) $0.061793 0.41%Polkadot (DOT) $4.09 0.09%Shiba Inu (SHIB) $0.000007 0.75%Dai (DAI) $0.999589 0.04%TRON (TRX) $0.088718 0.25%Polygon (MATIC) $0.526885 1.20%Avalanche (AVAX) $9.15 0.95%Uniswap (UNI) $4.44 0.43%Litecoin (LTC) $65.60 0.44%
Bitcoin is now Argentina’s most valuable currency ever, following the surprise victory of crypto-friendly Javier Milei in Argentina’s presidential primary.
Data disclosed by blockchain analysis company Kaiko shows that the current 90-day volatility of Bitcoin and Ethereum has dropped to 35% and 37% respectively, while the 90-day volatility of crude oil has reached 41%.
Delphi Digital published an article stating that MakerDAO recently increased the DAI savings rate to 8%, and this expansion has had a significant financial impact.
Markets already price in no further rate hikes from the Fed this year and have begun pricing in rate cuts in 2024.
According to The Block, the total stablecoin supply has been declining since mid-2022.
Coingecko’s latest NFT report shows that the top 15 NFT traders have made $299 million in profits.
According to Messari’s report, Cardano’s average daily dapp transaction volume increased for the third consecutive quarter, and Dapp usage in the second quarter increased by 49.0% quarter-on-quarter, and the average daily transaction volume remained at 57,900.
According to data from Swiss investment consultant 21e6 Capital AG, there have been more than 700 cryptocurrency funds worldwide this year, but since the beginning of 2023, 97 funds (13%) have closed crypto funds.
A recent report from DappRadar, a respected global leader in blockchain and non-fungible token (NFT) data analytics, reveals a sharp drop in NFT sales in the first half of 2023.
In the fast-moving world of blockchain and cryptocurrencies, there has been an unprecedented boom in smart contract deployments on Ethereum and related blockchains, surging 12-fold over the past year, according to a recent report from Alchemy.
According to a recent report by MadeEasy – Finance, Bitcoin miners around the world are currently facing a critical moment.
Amid uncertainty in global financial markets, the Chicago Mercantile Exchange (CME), one of the world’s largest and most diversified derivatives markets, saw a sharp recovery in cryptocurrency options trading volumes in July.
The decentralized world has witnessed a dramatic event in the past 48 hours, with over $68 million worth of Ethereum being transferred to Coinbase’s new Layer 2 blockchain -Base.
In a Surprise Move, NFT Transactions on the Ethereum Blockchain Dropped Sharply Over the Weekend, Falling to Their Lowest Point in Almost Two Years, According to nftstats.eth.
Stablecoin provider Tether’s second-quarter financial audit revealed a significant increase in Bitcoin reserves, which increased by $170 million from the first quarter to a total value of $1.67 billion.
The total staked value of stUSDT has soared to the $450 million mark. Data from the official website shows that the total amount of stUSDT pledged is currently 455,885,279 USDT, breaking through the $450 million mark.
Greg Cipolaro, research manager at Stone Ridge Asset Management, said that for traditional market investors, August is a quiet month, and cryptocurrencies are no exception. The situation may continue until August.
A report published by investment bank TD Cowen stated that as adoption increases and demand grows, the price of Bitcoin may rise by 127%, breaking the previous all-time high (nearly $70,000).
Athanasios Psarofagis said the Valkyrie Bitcoin Miners ETF has become the best performing ETF in 2023.
According to data disclosed by Tom Wan, an analyst on 21co, the parent company of 21Shares, the total market value of Ethereum stablecoins has dropped from 100 billion to 76 billion.
Ripple and the U.S. Faster Payments Council (FPC) conducted a survey of 300 payment leaders in 45 countries around the world, in various industries such as fintech, banking and retail, on July 29.
Movements in the tech-heavy Nasdaq 100 tend to have a greater impact on ethereum prices than Bitcoin prices, according to a new report from CME Group.
The low price of the Azuki NFT has dropped 65% since Elementals launched in June, according to Nansen data.
Bitcoin, the world’s largest cryptocurrency by market cap, could hit $300,000 by 2028, Mark Yusko, founder and chief executive of Morgan Creek Capital Management, told CoinDesk TV.
News on July 26, according to data from DefiLlama, the trading volume of the entire DeFi market on Sunday was only 1.12 billion US dollars, reaching the low of the year.
Bitcoin, a standalone investable asset, could be transformative for investors seeking to maximize returns, BlackRock said in a groundbreaking asset allocation study.
Amid growing uncertainty and market volatility, the second quarter of 2023 saw a record number of large traders participating in bitcoin and ethereum futures regulated by the Chicago Mercantile Exchange (CME).