Despite the recent flood of major news in the crypto sector, one topic is more hotly debated than any other at the moment: Is Binance selling Bitcoin on the spot market to prop up the Binance Coin (BNB)? NewsBTC already reported yesterday that the rumor emerged after crypto trader “JW” drew attention to eye-catching data.…
XRP, the cryptocurrency at the center of the continuing legal battle between payment company Ripple and the US Securities and Exchange Commission, faces a crucial turning point with the unsealing of the highly-anticipated Hinman documents on Tuesday. This development carries significant implications for the future of the cryptocurrency market. During an address in 2018, former…
The crypto market has been bleeding lately, and leaders like Bitcoin and Ethereum have been on a downtrend. In addition, the Securities and Exchange Commission’s crackdown on top trading platforms Coinbase and Binance has further made things worse as the crypto winter has persisted. However, while the massacre caught up with most coins, Terra Classic…
Solana (SOL) made headlines recently after being labeled as a “security” by the US Securities and Exchange Commission (SEC). As a result, SOL is facing challenges in its price movement. In light of this regulatory setback, investors closely monitor SOL’s performance. According to CoinMarketCap, SOL is currently priced at $15.45, sustaining a seven-day slump of…
The Bitcoin and crypto market may have received yet another bullish narrative from China. As reported by Bloomberg, the country is mulling a major stimulus package to kick-start an economic recovery following the rebooting of the economy after the restrictive Corona measures. In light of Hong Kong’s recent opening to cryptocurrency trading by retail investors,…
XRP, Ripple’s native cryptocurrency, is now experiencing a surge of optimism as funds continue to flow, even in the face of a recession-hit industry. Despite the challenges and uncertainties that have plagued the crypto market, XRP has managed to stand out, capturing the attention of investors and enthusiasts alike. But what exactly is fueling this…
In the midst of a volatile cryptocurrency market, Floki Inu (FLOKI) has managed to defy expectations and become a symbol of optimism for investors. While altcoins face the challenges of a recession triggered by the Securities and Exchange Commission’s actions against major cryptocurrencies in the US, the meme coin sector is struggling with declining capitalization,…
The crypto market has been flowing in a sea of red as major assets experienced a correction over the weekend, but tech giant Apple could offer relief. Every cryptocurrency, except for Bitcoin, trended to the downside, but some sectors have bloomed amidst the panic and selling pressure. In particular, some tokens in the Metaverse sector…
Binance.US, the US subsidiary of popular cryptocurrency exchange Binance, has experienced a significant drop in liquidity, with market makers and traders reportedly fleeing the exchange in large numbers. According to data from crypto market data provider Kaiko, liquidity, as measured by aggregated market depth for 17 tokens on the exchange, has fallen nearly 80% over…
Cardano (ADA) has been facing a challenging market environment as the cryptocurrency weakened further amid Bitcoin’s retest of the $25,000 zone. As one of the top cryptocurrencies in terms of market capitalization, Cardano has been closely impacted by broader market trends. This setback has raised questions about the future trajectory of Cardano and whether the…