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Bitcoin Drops 1.2% as Trading Volume Decreases Around $100K Support

Bitcoin Drops 1.2% as Trading Volume Decreases Around $100K Support

Bitcoin Price Update Bitcoin recently experienced a slip from its previous highs, dropping from $103,413 to $101,775. This decline, about 1.24%, saw the cryptocurrency fall below a key resistance point at $102,000. Trading volume during this dip was relatively low, only 2.11% above the seven-day average, suggesting that market engagement remains cautious, especially as Bitcoin […]

Dogecoin Reaches $0.20 as Trading Volume Surges Threefold, Indicates Positive Trend

Dogecoin Reaches $0.20 as Trading Volume Surges Threefold, Indicates Positive Trend

Dogecoin (DOGE) experienced a significant trading surge, skyrocketing 1.8% and breaking through a crucial resistance level, confirming a pattern of accumulation near the $0.20 mark with trading activity jumping 170% above its average. News Background On Tuesday, DOGE climbed from $0.19 to $0.19 after successfully surpassing the resistance point of $0.1988. This upward movement was […]

Rex-Osprey’s XRP and DOGE ETFs make a strong start with $54M in volume on their first day.

Rex-Osprey's XRP and DOGE ETFs make a strong start with $54M in volume on their first day.

Strong Debut for First Dogecoin and XRP ETFs On their first trading day, the US’s inaugural Dogecoin and XRP Exchange-Traded Funds (ETFs) attracted significant investor interest, surpassing expected trading volumes. Analysts had anticipated roughly $1 million in daily trading for new ETFs, but these crypto funds managed to reach a noteworthy $54.7 million. Asset managers […]

Myriad Reaches $10M in USDC Trading Volume as Prediction Markets Emerge as a New Area of DeFi

Myriad Reaches $10M in USDC Trading Volume as Prediction Markets Emerge as a New Area of DeFi

Myriad Protocol’s Ambitious Forecast Market Plans Myriad Protocol has reported over $10 million in USDC trading volume, driven by its mission to transform information into a trading asset. With more than 500,000 users participating, it’s clear that there’s significant interest in this innovative platform. Loxley Fernandes, co-founder and CEO of Myriad, emphasized that the goal […]

US ETFs have become a significant contributor to Bitcoin spot trading volume.

US ETFs have become a significant contributor to Bitcoin spot trading volume.

As institutional investors gradually show more interest in cryptocurrencies, Bitcoin Exchange-Traded Funds (ETFs) based in the U.S. are now playing a noteworthy role in daily spot trading activity. “The volume of Bitcoin spot trading through U.S.-based ETFs is a crucial avenue for Bitcoin exposure,” noted Julio Moreno, head of research at Cryptoquant, during a discussion […]

Bitcoin and Ether ETFs reach $40B in volume during record-breaking week

Bitcoin and Ether ETFs reach $40B in volume during record-breaking week

Analysts focused on ETFs have noted a significant uptick in trading volumes for US-based Spot Bitcoin and Ether Exchange-Traded Funds (ETFs) over the past week. According to ETF analyst Eric Balchunas, it was their largest week ever, driven by robust demand for the Ether ETF. He shared this insight in a recent X post. Ether […]