Cryptocurrency Analysis and News Portal
The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency exchanges. Since This
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Dogecoin has been on a downtrend for more than six months now. The meme coin which found favor in the eyes of investors had been able to rally to new highs but has been unable to replicate this success. Nevertheless, this has not been a deterrent for investors who continue
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The Italian company known for its jeans is the latest fashion brand to debut its own collection of NFTs. Source
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After a devastating 50% correction between Dec. 25 and Jan. 25, Polygon (MATIC) has been struggling to sustain the $1.40 support. While some argue this top-15 coin has merely adjusted after a 16,200% gain in 2021, others point to competing scaling solutions growth.MATIC token/USD at FTX. Source: TradingViewEither way, MATIC
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Gas fees for transactions on the Ethereum (ETH) blockchain have dropped to the lowest levels since August. But they’re still not cheap.According to data sourced from Coinmetrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of March 9 totaled $11.14, placing it back
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Pizza takeaway chain Papa John's is giving away nearly 20,000 non-fungible tokens (NFTs) to customers in the U.K. shrugging off a previous warning from the advertising regulator about its dalliances in the crypto world. Source
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2022 has not been a good start for cryptocurrencies and to date, the total market capitalization has dropped by 21% to $1.77 trillion. Solana's (SOL) correction has been even more brutal, presenting a 48.5% correction year-to-date.Solana (blue) vs. Ether (orange), AVAX (purple), BNB (yellow). Source: TradingViewSolana leads the staking charts
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On-chain data shows the Bitcoin leverage ratio has continued to stay at high values despite the recent decline in the crypto’s price. Bitcoin Leverage Ratio Hasn’t Budged Much In Response To Price Plunge As pointed out by an analyst in a CryptoQuant post, the BTC leverage ratio has remained at high values
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Bitcoin stumbles as it approaches the mid area around its current levels. As reported yesterday, there was a large number of asks orders at $45,000, and $48,000, which could continue to operate as resistance in the short term. Related Reading | TA: Why Ethereum Could Rally Further Above $3K At the time
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Bitcoin was cast by some investors as a potential "store of value." Instead, as geopolitical tensions rise, the cryptocurrency's price has fallen. Source
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