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The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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The Bitcoin fear and greed index has started to quickly change to extreme greed as the crypto continues to rally up. Bitcoin Fear And Greed Needle Starts Pointing At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index quickly turned to extreme greed values last
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Adding to the trend, on Oct. 4, Canadian Hut 8 Mining Corp. also reported that all of its self-mined bitcoins were deposited into custody, which is consistent with the company’s strategy to “hodl” its mined digital currency. “We are thrilled with our current amount of bitcoin held in reserve as
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At press time, bitcoin was trading at $54,220, up 8.7% over the last 24 hours. It was the highest price since May 12, before a crackdown by China on its domestic cryptocurrency and other negative news helped push the price below $30,000. In February, the bitcoin price had hit an
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The increase in premium “suggests that there is high demand among the CME traders to build long exposure in bitcoin at the moment,” Arcane Research’s weekly research note published Tuesday said. “The front-month contract on CME is by far the most frequently traded BTC futures contract on the exchange, and
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Trading in non-fungible tokens (NFTs) climbed to $10.7 billion in the third quarter, an increase of more than 700% on the previous quarter, according to a report by blockchain analytics firm DappRadar.Growth was powered by a record-breaking August, which generated over $5.2 billion in trading volume, the report said.DappRadar said
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Bitcoin (BTC) shot to nearly $48,000 during Oct. 1 as a classic “short squeeze” liquidated over $270 million of crypto positions in under an hour.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Goodbye bears”Data from Cryptox Markets Pro and TradingView showed BTC/USD hitting $47,800 on Bitstamp, jumping $3,000 in minutes.A familiar setup for
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Data shows stablecoins volume has surged up once again. Past pattern may suggest that this accumulation could be dry powder for Bitcoin’s next big move. Bitcoin Stablecoins Reserve Rises Up Again As pointed out by an analyst in a CryptoQuant post, the stablecoins reserve seems to have risen again back to peak
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The price of Litecoin rose to more than $237 this morning following erroneous reports from major news outlets that U.S. retailer Walmart would be introducing a payment option for the cryptocurrency on all its eCommerce websites.CNBC, Reuters, Decrypt and others reported on Monday that Walmart planned to have a “Pay
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Ethereum layer-two rollup network Arbitrum One is beginning to see significant growth, with its total value locked (TVL) surging by roughly 2,300% this past week.According to L2beat, an analysis platform comparing layer-two protocols, Arbitrum’s TVL tagged an all-time high of $1.5 billion on Sept. 11 as DeFi degens rushed to
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