Cryptocurrency Analysis and News Portal
October marks a significant uptick in cryptocurrency trading, with volumes hitting a seven-month peak driven by major digital asset rallies and ETF speculation. In a recent update from the cryptocurrency market analytics firm CCData, a notable surge in trading volumes on centralized digital asset platforms was observed for October. This marks
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In a turn of events within the non-fungible token (NFT) market, Bitcoin (BTC) has achieved a significant milestone by surpassing Ethereum (ETH)
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Solana (SOL) becomes the most traded altcoin in US exchanges this year. Solana (SOL) is witnessing a dramatic climb in trading volume, outshining other altcoins on exchanges accessible in the United States over the current year. Leading exchange, Coinbase strategically increased its holdings by acquiring 2.2 million SOL tokens on Oct. 18.
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Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen. In a tweet, Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ETH market prices.
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Coinbase, a cryptocurrency exchange, reported a net loss of $2 million in Q3 2023 despite rising revenue and a drop in trading volume, according to details of the recent shareholders letter circulated on Nov. 2. However, the exchange reduced its net loss compared to the same period last year, which was $545 million. The
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Crypto data analysis platform Kaiko has released a report identifying the reason for the latest Bitcoin (BTC) rally. According to analysts, Bitcoin’s rise to $35,000 is due to four different factors, including volume, implied volatility, market depth, and funding rates. Source: Kaiko Experts also note that a fundamental shift in the market structure
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In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF
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The total value of all assets locked on decentralized finance (DeFi) protocols has surged to a three-month high of $42 billion after being at its lowest point since February 2021 just two weeks ago. Original Source
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The price of Qtum (QTUM) has grown by more than 19% in the last 24 hours, accompanied by a 283% rise in its trading volume. The recent bullish market sentiment sparked by expectations around Bitcoin (BTC) seems to have rubbed off on QTUM. The coin, ranked 112 by market capitalization on
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The monthly trading volume of LooksRare, a decentralized non-fungible token (NFT) and digital collectible marketplace, is down 97%, crashing from $71.9 million
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