In a move to bolster security measures and enhance compliance capabilities, BloFin Exchange, a well-known cryptocurrency trading platform, has partnered with the Chainalysis blockchain data platform. This integration is seen as a significant step towards ensuring the safety of the assets belonging to BloFin’s global user base. With over 320 contract trading pairs and 100
investment
The cryptocurrency market has seen a surge in optimism as investment funds experience a historic inflow surge. Leading digital asset manager, CoinShares, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, now spanning five consecutive weeks, has propelled total assets
Bitcoin, the leading cryptocurrency in the market, has been facing challenges in reaching the anticipated price surge of $100,000. Despite the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), the market has not seen the desired impact on Bitcoin’s price movement. Charles Edwards, the founder of Capriole Investments, has shared his insights on the hurdles preventing
Several crypto analysts, including Egrag Crypto, CasiTrades, Mikybull Crypto, XRP Captain, and Jaydee, have recently shared their bullish predictions for XRP. These analysts have pointed out various bullish indicators on the XRP price chart and highlighted potential price targets for the cryptocurrency. Egrag Crypto identified an Inverted hammer pattern on the XRP chart, indicating a
The recent surge in Bitcoin’s price, reaching $70,000, has sparked optimism among long-term holders as they see their investments move into the profit zone. One key indicator of this positive sentiment is the return of the Coinbase Premium, which has now turned positive after trading in the negative since May 18. The Coinbase Premium Index
The recent price surge in Bitcoin has resulted in long-term holders profiting from their holdings. According to a market report by on-chain analytics platform Glassnode, long-term holders (LTH) are currently in profit, with only a negligible amount of 4,900 BTC (0.03% of LTH) acquired above Bitcoin’s current price. These long-term holders are mainly individuals who
In the world of cryptocurrency trading, centralized exchanges (CEXs) have long been the dominant players. Despite the increasing popularity of decentralized platforms, CEXs continue to hold a significant share of the market. These exchanges not only facilitate the buying and selling of cryptocurrencies but also provide valuable insights into market sentiment through the analysis of
The recent surge in inflows into US spot Bitcoin Exchange-Traded Funds (ETFs) has caught the attention of market participants and analysts alike. Over the past 17 days, these ETFs have experienced a remarkable streak of net additions, with a particularly notable day seeing inflows of $886.6 million – the second-highest single-day influx since their inception.
The crypto market has been relatively stagnant since Bitcoin reached a new all-time high in March. However, despite this, Bitcoin, Ethereum, and Solana continue to outperform traditional assets such as Gold. According to a recent report by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), these three cryptocurrencies have shown impressive annualized returns of
The Chief Investment Officer at Bitwise, Matt Hougan, has pointed out that the market is failing to properly assess the significant changes in Washington’s stance on cryptocurrencies. In a memo issued on June 4th, Hougan explained that there has been a noticeable shift towards a more positive outlook on cryptocurrencies within the US political landscape.