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So far, profit taking among long-term holders is occurring at the most significant rate in bitcoin's history, according to Glassnode data. "This indicates that long-term holders from the 2021-2022 cycle are capitulating, spending and redistributing their coins, specifically during the last three months," the firm wrote in a blog post. Original
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The largest cryptocurrency by market capitalization was recently trading just over $39,200, up over 2% over the last 24 hours. Ether, the second-largest crypto by market cap, was changing hands at roughly $2,880, a more than 1.9% gain over the same period. Trading volume and volatility remained at low levels
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Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales stemming from Ethereum jumped 29.16% in seven days, gathering $863.2 million in sales or 91.32% of the $945.2 million in
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Stablecoin minting and nonfungible tokens (NFTs) have been the latest trending topics in the cryptocurrency market and protocols like Terra (LUNA) have led the discussion on why stablecoins should be backed by assets like Bitcoin and Avalanche (AVAX). One project that appears to be following Terra's lead is Origin Protocol (OGN),
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Bitcoin (BTC) buyers have been active at support over the past few months, forming a series of higher price lows on the charts. That coincides with a loss of downside momentum, which is a near-term positive for price. Original Source
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Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what you get when you’ve waited too long to recognize what inflation is and to take action.” Predictions by Allianz’s Chief Economist Economist Mohamed
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Non-fungible token (NFT) sales have been lackluster this past week, as the aggregate sales volume during the last seven days has dropped 13.75% since last week. The largest number of sales stemmed from Ronin this week as 45,875 buyers increase Ronin-based NFT sales by more than 72%. The NFT collection
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While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and European Central Bank president Christine Lagarde expects energy prices to “stay higher for longer.” Eurozone
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NEAR has risen by over 20% during today’s session, pushing prices to their highest level since late January. AXS also rebounded on Saturday, following a $640 million hack, which sent its price down this week. NEAR Protocol (NEAR) NEAR was undoubtedly one of the biggest gainers in crypto markets to start the
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Bitcoin (BTC) dipped below $47,000, although technicals suggest support around $43,000 could stabilize the pullback. The cryptocurrency also saw a strong uptick in short-term volatility over the past 24 hours, similar to what occurred during bitcoin's breakout above $45,000 last week, according to data provided by Skew. Original Source
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