Ethereum Accumulation Rises As 70% Holders Are In Profit: What It Means For ETH Price?
According to an analysis from on-chain analytics firm CryptoQuant, the total Ethereum (ETH) amount in accumulation wallets has surged to over 19 million. Ethereum Accumulation Continues To Surge The analysis shared by verified CryptoQuant analyst, Burak Kesmeci, indicates that more than 19 million ETH is now held by the so-called “accumulation addresses.” In January 2024,…
Survey Finds Almost 70% Of Ethereum Institutional Investors Engaged In ETH Staking
Almost 70% of institutional investors in Ethereum (ETH) are participating in ETH staking, with 60.6% of them using third-party staking platforms. Ethereum Staking Landscape At A Glance According to a report by Blockworks Research, 69.2% of institutional investors holding Ethereum are engaged in staking the platform’s native ETH token. Of these, 78.8% are investment firms…
Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium’ – Here’s Why
Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,’ not seen since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper In South Korea According to a report by The Korea Times, there is a price differential of more than $500 between Bitcoin’s price…
Why This Crypto Asset Is Bitwise CIO’s Best Contrarian Bet Right Now
In an Sui, and Aptos dominate headlines, Hougan positions Ethereum as a “contrarian bet” that may offer significant returns for investors willing to look beyond current market sentiments. Why Ethereum Is The Best “Contrarian Bet” Hougan acknowledged Ethereum’s unique position within the crypto market. He describes Ethereum as “the asset that people love to hate;…
Bitcoin Dominance Hits New Cycle High Of 58.9%, More Pain Before Altcoin Season?
As Bitcoin (BTC) inches closer to $70,000, its dominance in the wider crypto market has risen to a cycle high of 58.9%. Bitcoin Dominance Rises, Are Altcoins In Trouble? Bitcoin dominance (BTC.D), a metric that measures the proportion of the total cryptocurrency market cap commanded by the leading digital asset, has hit a new cycle…
Analyst Forecasts Bitcoin Could Surge 250%, Yet Warns Of Potential Drop To $10,000
As the week progressed, the Bitcoin (BTC) price steadily climbed toward its all-time high of $73,700 in March of this year. This upward momentum is in line with the predictions of various market experts, expecting significant gains for the leading cryptocurrency by the end of the year. One such expert, crypto analyst Gert van Lagen,…
Bitcoin Breaks Through $65,000, Is “Uptober” Rally Just Getting Started?
Bitcoin (BTC) has surged past the $65,000 mark, renewing traders’ optimism for an “Uptober” rally that could extend the digital asset’s bullish momentum. Is The Bitcoin “Uptober” Rally Finally Here? In the early hours of October 15, Bitcoin briefly crossed $66,000 before retracing to $65,964 at the time of writing. Over the past 24 hours,…
Blockchain Data Reveals Lackluster Response To Trump New Crypto Token Launch
Donald Trump new cryptocurrency initiative, World Liberty Financial (WLF), has encountered significant challenges since its launch. According to a report by CNBC, the project aims to establish a crypto bank and was expected to attract considerable investor interest. However, the token sale, which began on Tuesday, was marred by website outages and technical issues, severely…
SUI Records Substantial 120% Price Surge, But Insider Selling Claims Raise Red Flags
Layer 1 blockchain protocol Sui (SUI) has made headlines recently, recording an impressive 120% increase over the past 30 days, allowing the protocol’s native token SUI to outperform the top 10 largest cryptocurrencies on the market, culminating in a new all-time high of $2.35 on October 13. However, since this peak, the token has retreated…
Crypto Prices Go Up: A ‘Cautious Bullish’ Outlook Amid Fed Worries And Market Volatility
A recent report from centralized exchange (CEX) Blofin highlights a cautiously bullish sentiment among crypto investors, even as macroeconomic indicators and global market conditions continue to inject a degree of precaution into the market. Market Anticipates Limited Fed Rate Cuts According to the firm’s analysis, one significant factor influencing market sentiment is the surprisingly positive…