On August 5, the United States Bitcoin and Ether ETFs saw a significant surge in trading volume, reaching nearly $6 billion amidst a turbulent market. Data from CoinGlass reveals that spot Bitcoin ETFs recorded a staggering $5.24 billion in daily trading volume, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for over half of this amount. … Read more
Bitcoin investors were jolted awake this Monday as the cryptocurrency experienced a dramatic 15% drop, with its price crashing to approximately $51,500. This sharp decline follows a troubling trend that has seen Bitcoin lose over 26% of its value in just one week, down from around $70,000 on July 29. As a result, Bitcoin has … Read more
According to a recent report from on-chain analyst EmberCN, a significant downturn in Ethereum (ETH) prices has triggered a series of liquidations among leveraged ETH whales. Several prominent addresses were forced to sell off substantial amounts of ETH to cover their leveraged loans, highlighting the severity of the market correction. Here are some notable liquidation … Read more
On August 2, the landscape of spot Ether exchange-traded funds (ETFs) in the United States experienced notable shifts, highlighted by substantial outflows from the Grayscale Ethereum Trust (ETHE). According to data from SoSoValue, spot Ether ETFs saw a total of over $54 million in net outflows for the day, with ETHE alone accounting for a … Read more
The cryptocurrency market has recently experienced significant turbulence, leading to a wave of liquidations across major assets. Over the past few days, $193 million worth of crypto long positions have been liquidated as Bitcoin and other leading cryptocurrencies face extreme volatility. This article explores the factors behind the massive liquidation, its impact on the market, … Read more
In recent months, the cryptocurrency market has been marked by significant volatility, with Bitcoin (BTC) leading a wave of fluctuations that have impacted a broad spectrum of altcoins. Amid this tumultuous environment, Shiba Inu (SHIB), a prominent meme coin, has also faced its share of challenges. However, recent increases in whale activity surrounding SHIB suggest … Read more
Cardano (ADA), a leading cryptocurrency known for its innovative blockchain platform, has experienced a notable 31% increase in trading volume, signaling renewed investor interest and confidence in the digital asset. This surge comes as ADA’s price finds robust support levels amidst volatile market conditions. As of the latest market data, Cardano’s ADA token has demonstrated … Read more
Futu Securities International, Hong Kong’s largest online broker, has made a significant leap in the cryptocurrency space by introducing Bitcoin and Ethereum trading to its platform. This move, effective August 1, 2024, represents a pivotal development for Hong Kong as it continues to establish itself as a key player in the global crypto market. With … Read more
In a notable shift in the Ethereum investment landscape, daily net inflows into U.S. spot Ether exchange-traded funds (ETFs) have turned positive again, despite significant outflows from Grayscale’s Ethereum Trust. On August 1, spot Ether ETFs experienced a net inflow of $26.7 million, largely driven by a substantial $89.6 million influx into BlackRock’s iShares Ethereum … Read more
The cryptocurrency market is experiencing a significant uptick in trading volumes, with projections indicating that the U.S. will spearhead this growth, surpassing $2 trillion in trading activity. This surge reflects a broader expansion in the crypto market, which has seen trading volumes grow by 42% since 2023 and an impressive 89% increase over the past … Read more