Altcoins have taken a leading role in the latest crypto market rally, as trading activity and market capitalization surged alongside Bitcoin’s sharp move higher. This comes after an extended period of low volatility and subdued trading volumes. According to CryptoQuant analyst Darkfost, investor attention and capital have moved strongly toward altcoins, “potentially signaling a broader […]
XRP has flipped the script this week, emerging as one of the market’s strongest performers after weeks of lackluster performance. The crypto asset briefly tapped $1.76 before stabilizing near $1.50. A sharp rise in network participation has now added fresh weight to the rally. Higher Levels Ali Martinez reported that active addresses climbed from 47,180 […]
Grayscale’s Zcash fund began trading on NYSE Arca as the Zcash ETF (ZCSH) this Tuesday, August 25, billed by the firm as the first exchange-traded product in the world to offer spot exposure to Zcash (ZEC) and carrying a sponsor’s fee of 2.5% a year. ZCSH’s predecessor launched as a private placement in October 2017, […]
Cosmos Labs has urged affected networks in contact with its team to halt operations amid an ongoing security incident involving the EVM module. Statements issued by KiiChain, TAC, and MANTRA have all pointed to flaws within the Cosmos EVM infrastructure when describing the attacks they faced in recent days. Cosmos Labs, however, has yet to […]
The exchange has signed a non-binding letter of intent with Apex Fintech Solutions that would make its subsidiary, Gemini Titan, the exclusive regulated venue for crypto event contracts. According to the press release, these contracts will be distributed through Apex’s futures commission merchant (FCM) to its brokerage customers. Brokerages offering those contracts through the Apex […]
Michael Saylor’s Strategy swung an unrealized loss of more than $9.5 billion to a paper profit above $4.7 billion in just seven days. The reversal follows Bitcoin’s climb from the low $60,000s to above $80,000 over the same week, turning the largest corporate BTC holder’s balance sheet from red to green. The Numbers Behind the […]
Bitcoin’s price revival that began last Wednesday culminated, at least for now, a few hours ago when the asset soared past $80,000 for the first time since mid-May and tapped a multi-month peak above $81,000. Analysts were quick to pick up the move and outline the next short-term targets of up to $88,000. BTC’s surge […]
Ethereum saw one of its biggest weekly moves in years after staging an impressive 30% rally. The altcoin crossed $2,500 briefly, then slipped back slightly below that level. New data shared by crypto analyst Ali Martinez suggests that ETH could be on a path toward $5,000 if it clears a major resistance zone. Growing Buying […]
Bitcoin (BTC) spent this past week ripping from the low $60,000s to just under $80,000, and to trader Nonzee, none of it looks like conviction. They are calling the move a trap built on forced buying rather than real demand, and say the next leg is down, not up. The Case for a Distribution Phase, […]
Crypto investors may be underestimating where the industry is heading, according to Bitwise Chief Investment Officer Matt Hougan, who has pointed to three mistakes he sees in the market right now. In a recent post, Hougan said that investors are using today’s market size, established brands, and current activity to judge crypto’s future. Those are […]