Author: Oscar
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Ethereum Surges as Exchange Supply Hits Record Low
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Ethereum has seen a notable price surge, reaching a 12-day high of $2,832 before stabilizing around $2,720. This 2% daily gain stands out against the broader crypto market’s 2.4% decline. Analysts suggest that Ethereum’s rally is fueled by a record-low exchange supply, indicating a strong accumulation trend among investors. Ethereum’s Supply on Exchanges Hits Historic…
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Agentine President Denies Crypto Fraud Allegations Amid $Libra Scandal
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Argentine President Javier Milei is facing fraud allegations after his social media post about the cryptocurrency $Libra triggered a sharp rise and crash in its value. Many investors suffered heavy losses, leading to accusations of a “rug pull” scheme. A federal judge will now decide whether the case against Milei will proceed. The $Libra Controversy…
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Crypto Markets Brace for Volatility Amid Key Events This Week
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Bitcoin’s price action has remained lackluster, but this week’s macroeconomic events could provide the jolt traders have been waiting for. From FTX creditor payouts to a high-profile Trump-Musk interview, here’s what could move the crypto markets. FTX Payouts: Will It Boost Crypto? FTX, once the world’s third-largest crypto exchange, is beginning its first round of…
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Bitcoin Options Traders Bet on $110K as Market Stagnates
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Bitcoin (BTC) has been largely inactive this month, hovering below the psychological $100,000 mark. However, this hasn’t stopped traders from betting on a breakout. The most popular options trade for February has been the purchase of BTC $110,000 call options expiring on March 28, with traders spending over $6 million in cumulative net premiums, according…
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Argentine President Faces Backlash Over Crypto Token Crash
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Argentina’s President, Javier Milei, has come under fire after promoting a little-known cryptocurrency, $LIBRA, which surged in value following his endorsement—only to collapse soon after. The libertarian leader, known for his radical economic policies, initially praised the token as a tool for economic growth but later deleted his post and distanced himself from the project.…
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Remixpoint’s Crypto Bet Pays Off with 8,000% Surge in Holdings
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Japanese energy consulting firm Remixpoint (3825) has made a bold leap into cryptocurrency, boosting its holdings by over 8,000% in just nine months. The company, originally focused on energy services, has increasingly shifted toward digital assets, taking inspiration from firms like Metaplanet. Massive Crypto Accumulation Remixpoint held 5.8 billion yen ($38 million) in crypto at…
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XRP Surges as ETF Approval Odds Hit 80%
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XRP has seen a strong bullish rally, gaining for four consecutive days and reaching a monthly high of $2.78. This marks a 50% increase from February’s lows as investor confidence grows in a potential spot XRP ETF approval. ETF Hopes Drive Market Optimism The Polymarket prediction market, which has recorded $37,000 in volume, now places…
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XRP Struggles at $2.5: Will ETF Approval Trigger a Breakout?
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XRP has been unable to break past the $2.5 resistance level for over a week. Despite gaining momentum in early February, the cryptocurrency saw a sharp drop from $3 to $2.1 on February 3, following a broader market crash. Since then, XRP has struggled to regain strength, with a brief spike to $2.7 on February…
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Bitcoin Slumps Below $95K as Hot U.S. Inflation Data Shocks Markets
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Bitcoin (BTC) plunged below $95,000 after fresh U.S. inflation data revealed prices rising faster than anticipated in January. The unexpected surge in the Consumer Price Index (CPI) sent shockwaves through financial markets, dimming hopes of early interest rate cuts by the Federal Reserve. CPI Numbers Exceed Forecasts The latest CPI report showed a 0.5% month-on-month…
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Solana DEX Volume Surges Past $60M, Extending Lead Over Ethereum
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Solana is strengthening its position as the top blockchain for decentralized exchange (DEX) trading, outperforming Ethereum for the fourth consecutive month. The latest data from DeFiLlama reveals that Solana-based DEXs have recorded over $60 million in trading volume this month, nearly double Ethereum’s $34 million. Solana Outpaces Ethereum in DEX Trading Since October, Solana has…