After reaching an all-time high of nearly $100,000 last week, Bitcoin (BTC) has now fallen below the critical support level of $97,000. This latest drop comes amidst a broader market sell-off that has seen most major cryptocurrencies lose value. According to data from Coinys Market Monitoring, BTC fell below $97,000 earlier today. As of Binance's USDT market, BTC is currently trading at $96,972. The drop below $97,000 is a significant technical development, as this level has been acting as a str

Monitoring from the Coinnis Market shows that Bitcoin (BTC) has surpassed $98,000, reaching a new all-time high. At the time of writing, BTC is currently trading at $98,032.45 in the Binance USDT Market. This surge marks a significant milestone for the leading cryptocurrency, which has seen a steady increase in value over the past year. The all-time high comes amid growing institutional adoption and increasing interest from retail investors. Analysts attribute the recent rally to several factors

50,000,000 XRP, worth over 110 million USD, was transferred from a Ripple address to an unknown address, according to Whale Alert. The purpose and recipient of this large transfer remain unknown, sparking speculation within the XRP community. This substantial transaction highlights the ongoing activity and liquidity within the XRP ecosystem, despite recent market fluctuations. As the blockchain industry evolves, such large-scale transfers have become increasingly common, indicating the growing a

CryptoQuant CEO Ki Young Ju recently stated that "different types of assets require different gateways." He argues that MicroStrategy (Nasdaq ticker "MSTR") serves as "a gateway connecting Nasdaq 100 to Bitcoin." In this context, he said that "it's hard to understand why some Bitcoin maximalists are so negative about MicroStrategy." He explained that "you can argue about self-custody, but in reality, only a few people really self-custody." "With the gateway's active fund management, you can secu

Bitcoin (BTC), the leading cryptocurrency, has experienced a notable price drop, falling below the $97,000 mark. According to CoinMarketCap data, BTC's price currently hovers around $96,952.89 on major exchanges including Binance and Coinbase. This recent dip has sparked concerns among investors, raising questions about the future direction of the cryptocurrency market. While the reasons behind this price decline are not entirely clear, some analysts speculate that it may be attributed to profit

US Department of Justice Targets Largest Cryptocurrency Fraud Case In a major blow to the cryptocurrency industry, the US Department of Justice (DOJ) has indicted two individuals, Gabriel Hay and Gavin Mayo, for allegedly perpetrating a $22 million fraud scheme involving non-fungible tokens (NFTs). The indictment marks the largest cryptocurrency fraud case ever brought to court in the United States. False Promises and Misappropriated Funds The accused, Hay and Mayo, allegedly raised funds from i

Cointelegraph's recent report, based on data from CryptoSlam, indicates that the Ethereum network has been dominating the NFT market, securing 66% of total sales. The weekly sales volume for Ethereum NFTs reached an impressive $201 million last week, marking a significant 76% increase from the previous week. Driving this surge in Ethereum NFT sales was the phenomenal success of the Pudgy Penguins (PENGU) collection, which generated a remarkable $54.4 million in trading volume. The Pudgy Penguins

Following a remarkable surge that pushed it above $100,000 for the first time, Bitcoin (BTC) has taken a sharp downturn, falling below the significant $98,000 mark. As of this writing, BTC is trading at $97,972.99 on the Binance USDT market, indicating a significant drop in value. Market analysts attribute this sudden shift in sentiment to a combination of factors, including profit-taking by early adopters, concerns over regulatory crackdowns, and a broader correction in the cryptocurrency marke

On-chain analyst AmberCN reported that "BitMEX Co-founder Arthur Hayes' presumed address unstaked roughly 9.018 million ENA approximately four hours ago and transferred 700 ENA ($8.47 million) to Binance." This transaction suggests that Hayes may be preparing to sell his ENA holdings or use them for other purposes. It is also worth noting that the transfer occurred shortly after ENA's price surged by over 20%. It remains to be seen what Hayes' intentions are, but this transaction is sure to have

According to Cryptonewsterminal Market Monitor, Bitcoin (BTC) has climbed above $99,000, setting a new all-time high. On Binance's USDT market, BTC is currently trading at $99,000. BTC has been on a steady upward trajectory in recent months, fueled by a combination of factors, including: Institutional adoption: Major institutions are increasingly investing in BTC, seeing it as a store of value and a hedge against inflation. Increased retail demand: Retail investors are also pouring into BTC, att

U.S.-based Ethereum (ETH) spot exchange-traded funds (ETFs) have seen a significant outflow of funds, with $862 million being withdrawn over the last two trading days. As reported by Passiv, a platform that collates financial data and news, Ethereum spot ETFs experienced outflows totaling $75.1 million (KRW 108.8 billion) on December 20 (local time). This outflow extended over two consecutive trading days. BlackRock's ETHA ETF notably recorded the most significant outflows, amounting to $103 mil

Uniswap, the leading decentralized exchange platform, recently revealed plans to launch UniChain Mainnet, its layer-2 blockchain network, in early 2023. This marks a significant step for Uniswap as it aims to enhance the scalability and efficiency of its platform. Currently, a functional Sepolia testnet is available, allowing developers and users to test and interact with the UniChain infrastructure. Following the mainnet launch, Flashblocks tests will be conducted to optimize block creation tim

Orbiter Finance's zero-knowledge proof (zk) Ethereum layer-2 network, Orbiter Vizing-based AMM project Likwid, has announced the launch of a truncated oracle solution. This solution, powered by Unibright, aims to address price manipulation issues for assets in multichain environments and create on-chain leveraged trading opportunities for smaller cryptocurrencies. Likwid had previously raised over 8,000 ETH in an ICO. By harnessing the capabilities of this oracle solution, Likwid seeks to enhanc

Nexo, a digital asset management platform, has filed an amended Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that combines exposure to Bitcoin spot and carbon emissions futures. The filing comes after the SEC approved the ETF's Form 19b-4, a request for a staff review, in December. The ETF is expected to track an index of the spot price of Bitcoin and a carbon emissions futures contract. Nate Geraci, CEO of ETF Store, sa

Just yesterday, Bitcoin Spot ETFs faced another hit with a staggering $277 million outflow, making it a double whammy following a $177 million outflow on Tuesday. This recent bout of outflows highlights the ongoing uncertainty surrounding the crypto market. Ark Invest's ARKB ETF took the biggest blow with investors pulling out $87 million, followed by BlackRock's IBIT ETF with outflows of $72.84 million. Fidelity's FBTC ETF also saw a significant outflow of $71.90 million, while Grayscale's GBTC

On February 8, 2023, blockchain data platform Whale Alert reported a massive transfer of 150,000,000 USDT (approximately 150 million US dollars) from a Bybit address to an anonymous address. This substantial transaction has sparked speculation and interest within the cryptocurrency community. Bybit is a well-known cryptocurrency exchange that is popular among both retail and institutional traders. The transfer of such a large amount of USDT from a Bybit address raises questions about the sender'

David Sacks, an adviser for cryptocurrency and AI policy appointed by President-elect Donald Trump, has denied reports of changes to his role. "Reports today in some media that I am being moved to a traditional adviser role are not true," Sacks clarified via X. Sacks's role will involve dividing his time between Washington, where he will engage in policy advocacy, and Silicon Valley, where he will focus on technology development. This arrangement was his original proposal. Earlier reports by For

The price of Bitcoin reached a new all-time high of $98,000 on Tuesday, November 9th, 2021, according to data from CoinMarketCap. The milestone comes as the cryptocurrency continues to gain mainstream adoption and institutional investment. The previous all-time high was reached in November 2021, when Bitcoin hit $98,000. The latest surge in price is likely due to a combination of factors, including increasing demand from investors, the launch of new Bitcoin-related products and services, and the

In the past 24 hours, the scale and liquidation ratio of forced liquidation of perpetual cryptocurrency futures are as follows: - BTC liquidation scale: $175 million (long $126 million, short $49.5 million) liquidation ratio: 71.81% long - ETH liquidation scale: $170 million (long $132 million, short $37.8 million) liquidation ratio: 77.81% long - DOGE liquidation scale: $53.81 million (long $36.45 million, short $17.36 million) liquidation ratio: 67.74% long

Upbit, a major South Korean cryptocurrency exchange, has paused deposits and withdrawals of SOL and several other tokens on the Solana network. The suspension is necessary due to a scheduled wallet system maintenance. Affected tokens include SOL, RENDER, GMT, RAY, ACS, PYTH, JUP, MEW, W, BONK, and DRIFT. Upbit has not yet announced when deposits and withdrawals will resume, but it is expected to be completed soon. In the meantime, users are advised to refrain from sending or receiving SOL or any