On-chain data shows that Tether (USDT) sharks and whales have been rapidly growing their holdings since Bitcoin’s volatility started. Tether Sharks & Whales Grow Holdings As USDT Exchange Supply Plunges According to data from the on-chain analytics firm Santiment, these large Tether holders are now carrying a total of $16 billion worth of the stablecoin.…
ApeCoin (APE), created by Yuga Labs, once soared to great heights, capturing the attention of investors and enthusiasts alike. However, recent developments have cast a dark cloud over the once-promising digital asset. With an astonishing 95% of ApeCoin holders finding themselves deep in the red, the future of this innovative cryptocurrency hangs in the balance.…
Pepecoin (PEPE) is now facing a daunting challenge as it experiences a substantial decline from its recent major surge. Despite an impressive rally of over 50,000% between April 15 and May 5, PEPE has seen its value plummet by more than 60%, with a significant 15% drop occurring in the past week alone. The sudden…
Bitcoin price is consolidating above the $26,000 support. BTC could start another decline if it stays below $27,400 for a long time. Bitcoin is struggling to gain pace for a move above the $27,400 resistance. The price is trading near $26,500 and the 100 hourly Simple moving average. There was a break above a declining…
According to data from leading crypto analytics firm Santiment, a distinct trend has unfolded in the stablecoin sphere. Even as stablecoins designed to maintain parity with a reserve asset like the US dollar, continue to hold their $1 peg, the combined market capitalization of the top five stablecoins – Tether (USDT), USD Coin (USDC), Binance…
On-chain data shows a large amount of Bitcoin older than 10 years has suddenly moved today, a sign that could be bearish for the price. Bitcoin Dormant From More Than 10 Years Ago Has Abruptly Moved As pointed out by an analyst in a CryptoQuant post, this movement of dormant coins may be a sign…
Polkadot, the innovative multi-chain platform, has witnessed a remarkable surge in its key metrics following the launch of several ambitious projects. With an ecosystem bustling with activity and growing adoption, DOT’s performance metrics have soared to new heights. Amidst this flurry of activity and positive indicators, the cryptocurrency market remains notoriously volatile. Cryptocurrencies have been…
Shiba Inu (SHIB) has found itself in a challenging position as it grapples with a prolonged downward trend, reaching a critical support level that investors have anxiously awaited. The popular meme coin, known for its adorable dog-themed branding, has struggled to reverse its declining price trajectory in recent months. Despite the initial hype and enthusiasm…
Bitcoin price is correcting lower from the $27,400 resistance. BTC could start a fresh increase if it is able to clear the $26,600 resistance zone. Bitcoin started a fresh decline after it failed to clear the $27,400 resistance. The price is trading below $26,600 and the 100 hourly Simple moving average. There is a key…
Bitcoin price is falling, crypto is crumbling, and the United States SEC appears to be out for blood. But before a bloodbath occurs across the digital asset market, the top cryptocurrency by market cap is making a stand at a key level. In fact, BTCUSD is retesting an important moving average that in the past…