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Cryptocurrency Market News – Page 51 – BitcoTasks BLOG
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Study Uncovers Surprising Data: 90% Of Stablecoin Transactions Not Driven By Human Users

Cryptocurrency Market News

In a recent report by Bloomberg, it has been revealed that more than 90% of stablecoin transaction volumes do not originate from genuine users, according to a new metric co-developed by Visa. Stablecoin Market Faces Data Reality Visa and Allium Labs have created a dashboard designed to filter out transactions initiated by bots and large-scale…

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Crypto Analyst Reveals 6 Must-Buy Altcoins With The Most Potential

Cryptocurrency Market News

As the crypto market exhibits signs of a burgeoning altseason, crypto analyst Alex Wacy has shared a strategic forecast with his 175,000 followers on X. Wacy predicts a selective yet explosive growth phase for altcoins, emphasizing the critical nature of asset selection and market timing. Crypto Market Outlook And Asset Selection Strategy Wacy’s recent thread…

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900 Million Telegram Users Send TON Token Soaring 15% – Details

Cryptocurrency Market News

Telegram, the messaging giant, has reached a staggering 900 million users. This surge directly impacts Telegram Open Network (TON), the blockchain designed to work seamlessly within Telegram. TON has seen a remarkable 15% growth in the last week, highlighting its potential to become a mainstream crypto player. TON price action. Source: Coingecko TON: Cheap Transactions…

900 Million Telegram Users Send TON Token Soaring 15% – Details Read More »

XRP Holders Stack Coins Despite Price Dip: Bullish Signal Or HODL Of Desperation?

Cryptocurrency Market News

The cryptocurrency market has been battered by recent storms, with many altcoins experiencing significant price drops. XRP, however, seems to be weathering the tempest with a hint of defiance. While its price has dipped, on-chain data reveals intriguing trends that suggest a potential silver lining for XRP investors. XRP Accumulation On The Rise: Diamond Hands…

XRP Holders Stack Coins Despite Price Dip: Bullish Signal Or HODL Of Desperation? Read More »

Friend.tech Token Launch Turns Into A Nightmare As Price Dives 98%

Cryptocurrency Market News

The decentralized social network Friend.tech, launched in August 2023, is facing a significant setback as its native token, FRIEND, experiences a staggering 98.5% drop in value.  Investors who participated in the recent airdrop of FRIEND tokens have expressed serious concerns about the development, highlighting issues with token claiming and app functionality. Investors Hit Hard As…

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Why This Crypto Bull Run Might Not Live Up To The Past: Analyst

Cryptocurrency Market News

In a detailed analysis shared with his 788,000 followers on X (formerly Twitter), renowned analyst Pentoshi has forecasted a more restrained outlook for the current crypto bull run, suggesting that it may not mirror the explosive growth seen in previous cycles. His insights provide a deep dive into the underlying factors that could temper the…

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Bitcoin Update: $120 Million Futures Liquidated As Price Takes A Beating

Bitcoin

The recent dip in the price of Bitcoin below the $59,000 support level has sent jitters through the cryptocurrency market. While the price drop triggered liquidations in futures markets, analysts warn that a more significant decline could be on the horizon in the absence of a full-blown market capitulation. Measured Retreat, Not Mass Exodus Following…

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Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook

Cryptocurrency Market News

Polygon (MATIC), the Ethereum scaling solution, has been a hot topic for weeks. Its daily active addresses recently hit an all-time high, exceeding 1.4 million, a testament to the network’s growing user base. This surge in activity, however, presents a tale of two sides for MATIC. Polygon’s Busy Streets: A Sign Of Growth Or Gridlock?…

Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook Read More »

Buy Crypto In May, Go Away: Arthur Hayes Shares His Top Altcoin Picks

Cryptocurrency Market News

In his most recent publication dated May 2, 2024, Arthur Hayes, the founder of exchange BitMEX, shared his insights into the crypto market’s recent tumultuous behavior and the broader macroeconomic signals shaping potential future trends. Titled “Mayday,” his essay directly addresses the crypto market, which has experienced significant volatility since mid-April. Stealth Money Printing Is…

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Is Ethereum Back? Record 267,000 New Users Spark Speculation

Cryptocurrency Market News

The winds of change are swirling around Ethereum, the world’s second-largest cryptocurrency. Despite a recent price dip, the network has witnessed a surge in new user activity, sparking a wave of optimism. However, the outsized influence of large holders, known as whales, continues to cast a long shadow. New Wallets Open For Business Data from…

Is Ethereum Back? Record 267,000 New Users Spark Speculation Read More »

Ethereum “Has Been A Major Disappointment”: Trader Weighs In On This Crypto Cycle

Cryptocurrency Market News

This crypto cycle achieved some remarkable feats during Q1 2024, including the highest monthly and quarterly close in Bitcoin (BTC) history. However, BTC suffered a retrace that dragged Ethereum (ETH) and the rest of the crypto market down as the year’s second quarter started. Now that we are one month into Q2, the market faces…

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