The impending Ethereum merger has caused concern among institutional investors as the digital asset industry sees a surge in outflows of ETH from exchanges. Crypto Investment Products Plunge Amid Ethereum Merge CoinShares’ Digital Asset Fund Flows Weekly Report shows the number of outflows from exchanges. According to the report, crypto investment products experienced outflows totaling … Read more
The crypto market capitalization has lost approximately 5% since early this month. While publishing this content, the global crypto market capitalization stood at $969.11 billion, losing 0.27% within the past 24 hours. Furthermore, the broad market slump has had leading cryptocurrencies such as Bitcoin and Ethereum posting double-digit slumps within the past 26 days. Meanwhile, … Read more
EGLD is the native token of the scalable blockchain, Elrond Network. The alternative asset overcame a declining wedge amidst upsides on August 20. Meanwhile, its positive correlation with BTC saw EGLD resorting to declines as the overall marketplace endured a slump since this month started. EGLD has seen a double-digit fall since August started (Coinmarketcap … Read more
The world’s leading crypto, Bitcoin, relies on two primary triggers for support. Precisely, the mining activity & transactional requirements through the Lightning Network. However, the former seems to have taken a massive blow, whereas the latter still leads the network to new heights. Here’s the Correlation The latest crypto market crash trapped Bitcoin miners within … Read more
Solana dominated the news lately after addressing this week’s exploit by emphasizing the need to heighten wallet address protection. Meanwhile, NEAR protocol took note promptly, taking the move to enhance security for NEAR wallet users. Moreover, Near Protocol recently confirmed securing reviews on the wallets early this week. That comprises searching for possible vulnerabilities that … Read more
Uniswap’s 7-day trading volume stood at $9.7 billion during this publication. That saw it extending its dominance in the decentralized exchange (DEX) market. Furthermore, Uniswap exceeded Coinbase in trading volume recently. That also confirms the flourishing reputation of DEXs within the industry. Nevertheless, does Uniswap has all it takes to conquer challenges from rivals like … Read more
Cardano dropped below its 50DMA and $0.05 on Thursday and might test the $0.46 mark before rebounding to weekly highs. Thursday’s broad market pullback saw Cardano falling from Wednesday’s peak near $0.55. ADA remained primed for more declines as it declined beneath the 50DMA of $0.4950. Meanwhile, retesting $0.46 support could attract bulls and catalyze … Read more
Crypto assets resumed the latest uptrends on Monday, with ETH leading with an 18% surge. Sentiment shift within the cryptocurrency market triggered decouples from Nasdaq 100, with enthusiasts focusing on crypto news updates. The global crypto market capitalization hit the $1T level after gaining $82.59 billion. The top ten crypto assets saw bullish reactions on … Read more
Ethereum, the second-largest digital coin by value, remained within the bearish territory as it hovered beneath $1.1K during this publication. The token endured another 2% decline, approaching the crucial $1,000 level. ETH has had its price actions inside a range for some time. However, are market players enjoying profits in the prevailing market structure while … Read more
60% of the surveyed investors believe BTC will drop to $10K before contemplating an upside to $30K. Retail investors remain more worried than institutional market players. The previous day saw Bitcoin losing over 4% to drop back to its $20K vicinity. Bloomberg measured investor sentiments during its latest MLIV Pulse weekly survey. 11 July reports … Read more
