The trading activity on Decentralized Exchange (DEX) and Automated Market Maker (AMM) Uniswap’s Layer-2 (L2) platform has reached an unprecedented mark of $250 billion in total transactions. Uniswap L2 Transaction Volume Hits ATH The transaction volume on Uniswap L2 has noticeably increased compared to the approximately $70 billion recorded during similar periods in 2023. According … Read more
Benjamin Cowen, an expert in cryptocurrencies who specializes in analysis and trading, has expressed worries over the possibility of a major price drop for Ethereum (ETH). Recently, Cowen suggested that the price of Ethereum (ETH) could drop by as much as 60%, based on his assessment that important support levels had been breached in the … Read more
Bears have come back as the prices of most of the coins are falling, according to CoinStats. DOGE/USD The rate of DOGE has declined by 2.80% since yesterday. Hourly charts indicate a downtrend for Dogecoin (DOGE) with the price approaching a potential support level at $0.1495. Should this level give way, DOGE could drop further … Read more
Samson Mow, a well-known figure in the cryptocurrency world and CEO of Jan3, recently shared his insights on Bitcoin‘s (BTC) market behavior in response to recent occurrences. He pointed out the noticeable price swings in Bitcoin during the weekend. These fluctuations came as a result of concerns sparked by unfavorable news emerging from the Middle … Read more
Core Coin Experiences Drastic Price Drop in First Half of April: From a peak of $4.36, Core Coin plummeted to $1.15, representing a 73.5% decrease. This downturn began as a corrective measure following a rally but was intensified by geopolitical tensions between Iran and Israel, as well as Bitcoin‘s pre-halving correction. Despite this, the combined … Read more
A Bloomberg report released not long ago indicates that the South Korean currency, the won, has become favored among cryptocurrency dealers, outpacing the US dollar in preference. During the first three months of 2024, the Korean won brought in approximately $11 billion more in transactions than the US dollar did. In South Korea, the rising … Read more
U.Today presents the top three crypto news stories over the past day. Bitcoin and Ethereum ETFs officially approved in Hong Kong Yesterday, April 15, several Bitcoin and Ethereum exchange-traded fund (ETF) applications received approval from the Hong Kong Securities and Futures Commission, according to reports from @WuBlockchain’s Twitter handle. The greenlit issuers include HashKey, Bosera … Read more
To broaden the range of trading possibilities for its users, Binance, the prominent global cryptocurrency exchange, has unveiled the introduction of six new trading pairs on its Binance Spot platform. This update aims to elevate the trading experience by offering more diverse options and adaptability in devising trading plans. Six fresh trading options are about … Read more
Mike Novogratz, Galaxy Digital’s co-founder and CEO, strongly advises the US government to reduce spending right away due to the alarming state of the national debt. The country’s debt-to-GDP ratio is estimated to be around 125%, a figure that historically has led to economic hardships. Novogratz proposed solutions and role of Bitcoin Based on past … Read more
Recent macroeconomic factors have caused numerous cryptocurrency liquidations, prompting experts and investors to propose fresh strategies for navigating through turbulent times. According to a recent analysis by QCP Capital, the unsettled mood in the market is heightened due to substantial withdrawals from crypto assets. Based on the announcement, traders’ apprehension might lead to Ethereum (ETH) … Read more