The cryptocurrency market has started the new week on a bearish note, with most cryptocurrencies experiencing a decline in value. According to CoinStats, the rate of DOGE has fallen by 3% over the past 24 hours, while SHIB has gone down by 2.64%.
Over the weekend, the XRP community engaged in a passionate debate about the future of the XRP token. The discussion was sparked by a post from Nick 'Crypto Crusader' (@NCashOfficial), who labeled the Ripple-affiliated token as a 'scam' and claimed it was 'dead.' Nick highlighted the growing fear, uncertainty, and doubt (FUD) among token supporters due to its underperformance despite Ripple's success. He also mentioned the impact of the FTX crash, which some believed would negatively affect major exchanges like Binance and Coinbase. However, the market rebounded in January 2023, proving the doubters wrong. Nick's message to XRP fans was clear: XRP should not be held by the faint-hearted, especially during periods of high volatility and bearish sentiment. The post attracted significant attention from XRP enthusiasts, with responses ranging from optimistic to emphasizing long-term investment strategies and the value of Ripple's developments.
Bitcoin's ability to overcome strong resistance at current levels is crucial for the start of a proper altcoin rally, according to a seasoned crypto trader and educator.
The crypto ecosystem has experienced a significant influx of funds from institutional investors, according to data from CoinShares. In its weekly report, CoinShares revealed that the overall inflow into the crypto market reached $1.1 billion, bringing the year-to-date flow to $2.7 billion.
Cardano, the eighth-largest cryptocurrency by market capitalization, has recently gained traction, with bulls pushing the ADA price to a six-day high of $0.566 on Feb. 11. Although ADA prices have retreated, the cryptocurrency is still up 7% weekly.
BoneShibaSwap (BONE), a Shibarium gas token, has seen an increase in netflows over the last 24 hours.
A substantial amount of Solana (SOL) worth approximately $10.5 million was recently transferred to the Binance exchange, catching the attention of cryptocurrency enthusiasts and investors. The transaction, involving 99,999 SOL, was highlighted by Whale Alert, a popular service that tracks significant blockchain transactions.
According to CoinStats, most coins are experiencing an upward trend on the last day of the week. Bitcoin (BTC) has seen a 1.72% increase in price since yesterday, reaching a level close to $49,048. However, traders should closely monitor the candle closure, as a dip below yesterday's peak could indicate a correction to the nearest support zone at $46,000. At the time of writing, Bitcoin is trading at $48,122.
Bitcoin's (BTC) price has garnered significant attention recently as it edges closer to the $50,000 mark, driven by a bullish weekly divergence. Top crypto analyst Michaël van de Poppe took to X (formerly Twitter) to highlight Bitcoin's impressive trajectory, noting its recent break above the $48,000 barrier.
According to CoinMarketCap, the cryptocurrency market experienced a decline in prices. Bitcoin (BTC) decreased by 1% over the last 24 hours, Ethereum (ETH) fell by 1.72%, and XRP declined by 2.88%.
A cryptocurrency investor recently achieved a remarkable feat by earning approximately $13.5 million in profits within just four days through strategic Bitcoin transactions. This impressive accomplishment has caught the attention of industry experts and analysts.
The Ethereum ecosystem is facing a reality check as the innovative ERC-404 sector on Ethereum experiences a substantial drop. In the past 24 hours, the market capitalization of ERC-404 tokens has plummeted by 29%, with tokens like PANDORA sliding over 15%, DEFROGS tumbling over 22% and RUG collapsing by a staggering 38%.
Recent data from CoinGlass shows a significant increase in XRP derivatives trading, with a 68.2% surge observed over the past 24 hours, totaling $867.89 million. CoinMarketCap's data also reveals a 24-hour spot market volume for XRP reaching $837.35 million, pushing the combined trading volume for XRP beyond the billion-dollar mark.
In a significant development, Shiba Inu's blockchain platform, Shibarium, has witnessed a remarkable surge in activity. Over the past 24 hours, the number of active accounts engaged in transactions on Shibarium soared to 732, marking a staggering 50% increase compared to the previous day.
Bitcoin has revolutionized the online gambling world, offering a new way to play classic games like blackjack. This digital currency, known for its security and anonymity, has become a popular choice in crypto online casinos. Players now have the option to bet with Bitcoin, adding an innovative twist to the traditional blackjack experience. With its growing popularity, you might wonder: Is it worth playing blackjack with Bitcoin? This blog post explores the unique benefits and considerations of using this cryptocurrency at the blackjack table. Let’s uncover what makes Bitcoin blackjack a game-changer in online casinos.
On Tuesday, Zhao pleaded guilty for breaking anti-money laundering laws in the U.S. and stepped down as Binance's CEO. The exchange, meanwhile, pleading guilty to multiple criminal and civil charges, while agreeing to pay $4.3 billion in penalties, among the largest corporate fines in the history of the U.S. Department of Justice.