Cryptocurrency Analysis and News Portal
According to the Bitcoin Obituaries list, bitcoin has died 15 times in 2022, and the last obituary written about bitcoin’s death was on June 18, in a recent statement that said: “Bitcoin Will Not Recover.” Interestingly, Google Trends data shows that the search phrase “bitcoin is dead,” is estimated to
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In the past week, Bitcoin and the broader cryptocurrency market have demonstrated a significant trend reversal by gaining 8 percent in a short period of time. Following its decoupling from U.S. equities, the largest cryptocurrency in the world has been attempting to catch up with this relief bounce. Bitcoin has
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It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour
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Prices were at $30,272 late Sunday, after falling as low as $28,700 earlier in the week. Bitcoin last saw a positive week of gains in mid-March as prices jumped from $41,000 to $46,000. It has slid every week since then, falling nearly 60% from November highs of just over $69,000. Original
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LUNA has been on the decline since the crash of the UST rocked the crypto space earlier this month. What had been one of the most successful cryptocurrencies in the market had quickly turned sour. The digital asset had fallen from trading around the $100 level to trading a couple
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Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin (BTC) network established a new mining difficulty all-time high of 31.251 trillion — exceeding the 30-trillion mark for the first time in history.The creator of Bitcoin, Satoshi Nakamoto, warranted the security of the BTC network through
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Cryptocurrency-focused financial services firm Galaxy Digital has recorded a net comprehensive loss of $111.7 million for the quarter-ended March 31 2022. Original Source
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CoinShares saw a weekly inflow of $193 million into its crypto investment products.Europe dominated the inflows with $147 million, while the Americas recorded $45 million.Solana also saw its highest weekly inflow, with $45 million. CoinShares has published its weekly report on digital assets fund flows, and it holds some positive signs
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This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every 60 seconds. 2
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U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative and immediate impact of the ongoing war on the traditional financial system.Data from Cointelegraph Markets Pro and crypto exchange Binance show that the ruble (RUB) is undergoing inflation
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