Cryptocurrency Analysis and News Portal
The number of blockchain addresses holding at least $1,000 worth of bitcoin (BTC), which equates to 0.028 BTC at the current price of $35,115, has increased to a record high of 8 million, according to data tracked by Blockware Solutions and Glassnode. Source
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PancakeSwap’s CAKE stands out with a 92% gain on the weekly timeframe, fueled by the introduction of a new feature on its platform. PancakeSwap rallies Decentralized exchange PancakeSwap’s native token, CAKE, is causing a stir in the cryptocurrency world. In seven days, CAKE’s price has soared by a remarkable 92%, now trading
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Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched.Bullish momentum on CME Bitcoin futures,
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RootData reveals a significant decline in both the number and total amount of venture capital investments in the cryptocurrency sector, with October marking new lows. New data reveals that venture capital investments in the cryptocurrency sector continue to decline significantly. RootData reports that the number of publicly disclosed crypto venture capital
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Bitcoin (BTC) has more wallet addresses in profit than ever before despite BTC’s price being 50% below all-time highs.The latest data from on-chain analytics firm Glassnode shows a record number of addresses “in the black.”$34,000 BTC price returns over 80% of Bitcoin addresses to profitBitcoin may be nearing 18-month highs,
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The Bitcoin network has set a new historic mining hashrate record as the market prepares for next year’s halving. The hashrate for Bitcoin hit a record high on Saturday, cresting at 543 EH/s at 8:00 am GMT. This beat the 525 EH/s recorded on the 7th and 10 of October. The
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Since the second week of October, there was a noticeable surge in demand for Aptos’ native cryptocurrency APT. This increased interest led
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A recent report revealed that altcoin trading in the South Korean cryptocurrency market was high, in contrast to majors like Bitcoin (BTC) and Ether (ETH) where trading activity has declined in comparison. The number of South Korean investors was estimated to reach about six million in the first six months of
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Chinese blockchain personality Justin Sun, who also serves as the de facto owner of crypto exchange HTX (formerly Huobi Global), claims that the firm posted a profit of $98 million in Q3 2023.According to the October 26 thread, Sun says that HTX generated a total of $202 million in revenues
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The breakout above the $31,800 resistance level coincided with a drop in open interest, a metric that assesses the notional value of all derivatives positions, across crypto exchanges, according to Coinalyze data. The decline, which reflects retail investor interest, contrasts with open interest on the Chicago Mercantile Exchange (CME), a
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