It’s been seven months—or precisely 223 days—since 2024 kicked off, and several digital currencies have experienced impressive gains. Leading the pack are two meme coins, BOME and MOG, which have skyrocketed by 11,931% and 3,733%, respectively, over this period. Crypto’s Year-to-Date Gainers and Losers In 2024, statistics reveal that several crypto assets have achieved impressive…
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Presently, the cryptocurrency market is experiencing a significant downturn, with bitcoin dropping 24% this week and ethereum shedding 30% against the U.S. dollar. While these losses are notable, some digital currencies have fared even worse, with only a handful managing to buck the trend. Dozens of Crypto Coins See Percentage Losses, A Few Tumble 50%…
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In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging for bitcoin miners, as earnings hit their lowest…
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On Wednesday, the list of spot bitcoin exchange-traded funds (ETFs) grew from 11 to 12 with the introduction of Grayscale’s Mini Bitcoin Trust. The day’s trading session saw these funds attracting a modest $298,930 in net inflows. Spot Bitcoin ETFs Report Modest Inflows During Tuesday’s trading session, only two spot bitcoin ETFs experienced inflows. Blackrock’s…
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Over the past day, the crypto economy has grown by 2.57%, reaching $2.48 trillion on Monday, July 29. Bitcoin has climbed over 3% since last week, while ether has decreased slightly by over 3% during the same period. The highest gainer this week was ecash (XEC), which increased nearly 17% over the past seven days.…
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On July 23, 2024, the U.S. Securities and Exchange Commission approved the launch of several ethereum (ETH) spot exchange-traded funds (ETFs), marking a significant development in the cryptocurrency market. The latest report from Cryptoquant delves into the implications and insights surrounding this launch, highlighting key factors investors may want to consider. Cryptoquant Analysis Explores Implications…
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Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as a crucial asset class with unique opportunities and inherent risks. Institutional Interest Drives Digital Asset Growth…
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Following Vaneck’s application with the U.S. Securities and Exchange Commission (SEC) to launch a solana-based exchange-traded fund (ETF), solana has appreciated 8.1% against the U.S. dollar. Apart from bitcoin, ethereum, and stablecoins, solana now boasts the highest daily trade volume among all other crypto assets on market aggregation platforms. Vaneck’s ETF Filing Catalyzes Increase in…
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Crypto analyst TechDev has offered a bullish narrative for the crypto market. He recently hinted that a parabolic move is imminent for Bitcoin and altcoins, following his statement that the market has entered an important phase in this bull cycle. Crypto Market Has Began “Macro Bullish Expansion” TechDev mentioned in an X (formerly Twitter) post…
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Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits in a very short time. While this could point to recent…
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