Last month, as the world began to grapple with the economic reality of the coronavirus outbreak, Bitcoin fell off a cliff — tumbling from $7,700 to $3,700 within the span of two days, a drop of over 50%.Since then, a question that has plagued investors is if Bitcoin bottomed during that crash. While there is…
For some reason or another, Saturday was an extremely quiet day for Bitcoin and the broader cryptocurrency market. In fact, Alameda Research CEO Sam Bankman-Fried, a crypto trader that has led a team to make over $50 million worth of BTC (according to some reports), wrote on Twitter that “this might be the lowest volume…
Bitcoin (BTC) and the aggregated cryptocurrency markets have been trading sideways over the past day, with bulls’ attempt earlier today to recapture $8,000 proving to be fleeting due to an abundance of selling pressure within this price region.It now appears that big traders are anticipating Bitcoin to make a massive movement in the days ahead,…
Bitcoin may appear to be on the brink of total collapse as coronavirus fears shake up markets, but trading volume tells a very different story.According to the volume profiles of each the greater bear market and the recent downtrend from the June 2019 top, selling pressure has been subsiding and it could signal “good times”…
Polygon (POL) has captured the spotlight with a remarkable 72% surge in trading volume over the past 24 hours, reaching $417.57 million. This surge coincides with the token successfully breaking out of a descending triangle pattern, a bullish indicator suggesting the potential end of its recent downtrend. This increasing trading activity signals renewed interest from…
Two blockchain giants—Solana (SOL) and Sui (SUI)—are making headlines with noteworthy growth in DeFi activity. Sui’s Total Value Locked (TVL) hit an all-time high of $1.8 billion, solidifying its place as one of the fastest-growing Layer-1 ecosystems in decentralized finance. This surge highlights growing institutional interest and expanding adoption, making SUI a contender for major…
Cardano (ADA) is at a critical juncture. While its price has suffered a sharp decline—dropping nearly 19% in the past week and 30% over the past month—trading activity tells a different story. ADA’s trading volume has surged by an eye-popping 428% as per the data from CoinMarketCap, signaling intense investor interest despite the broader market…
The trading volume of JUP, the native token of Solana-based decentralized exchange Jupiter, has seen a rapid decline recently. On January 19th, the trading volume of Jupiter plummeted by almost $1 billion overnight, raising eyebrows across the crypto community. Despite the buzz surrounding the upcoming airdrop of 700 million JUP tokens to users, the token’s…
These two tokens are drawing attention from retail and institutional investors alike, reflecting shifting dynamics in decentralized finance (DeFi) and the growing appetite for innovative asset structures. HYPE Soars to $43 Signalling Derivatives Market Maturity Hyperliquid’s HYPE token recently hit a record price of $44.80, buoyed by a surge in perpetual futures trading activity on…