Biggest Movers: TRON Nears 1-Year High, Whilst ADA Snaps 4-Day Bear Run
Tron rose for a fourth consecutive session on Monday, pushing the token to an eleven-month high. The move comes despite current sentiment of uncertainty in the cryptocurrency market. Cardano was also higher, snapping a losing streak in the process.
TRON (TRX)
Tron (TRX) rose close to an eleven-month high to start the week, following a recent four-day bull run.
TRX/USD rose to a peak of $0.07841 earlier in the day, which comes a day after trading at a low of $0.07271.
May 22nd is widely celebrated by the crypto community as Bitcoin Pizza Day, and here's the story behind it.
In 2010, Bitcoin was still a nascent technology known only to a few dedicated cypherpunks who were mining it without many practical use cases. Despite the release of the white paper in 2008 and the first block being mined in early 2009, Bitcoin had yet to find real-world acceptance and no merchants were accepting it.
BTC Remains Below $27,000 Ahead of Pivotal Week in US Debt Ceiling talk
Bitcoin continued to consolidate on Monday, ahead of U.S. debt ceiling talks with President Biden and Republican House Speaker Kevin McCarthy. It is expected that if a deal isn’t reached this week, the government will run out of cash on June 1. Ethereum was marginally higher.
Bitcoin
Bitcoin (BTC) started the week in consolidation, as markets remain hopeful of a deal to increase the debt ceiling in the United States.
BTC/USD dropped to an intraday low of $26,549.73, which comes less than 24 h
Biggest Movers: XRP Extends Bull Run, Jumping 5% on Thursday
Xrp rose for a fifth straight session on Thursday, as the token moved close to a two-week high. The rise comes as cryptocurrencies rebounded from recent losses, with the global market cap up 1.38% as of writing. Cardano also surged, hitting an 11-day peak.
XRP
Xrp, formerly ripple, was once again a big mover in cryptocurrency markets, climbing by as much as 5% on Thursday.
Following a low of $0.4389 on Wednesday, XRP/USD rose to a peak of $0.4713 earlier in today’s session.
Bitcoin Voucher Provider Azteco Secures $6 Million Funding Round Led by Jack Dorsey
On Thursday, California-based bitcoin voucher company Azteco revealed it had garnered $6 million in seed funding through a round spearheaded by Block, Inc.’s CEO and chairperson, Jack Dorsey. Azteco stated that the newly acquired capital would further its objective to “provide billions of people” with a “solution that promotes financial inclusion and long-term stability.”
Jack Dorsey Leads $6 Million Investment in Azteco
Azteco, a firm offering minute bitcoin (BTC) portions through a voucher s
Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions
From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span of 140 days.
Stablecoins Experience a Significant Shift
As per the latest data, the stablecoin economy has witnessed a $7.3 billion decline in value in 2023. Archived records indicate that on January 6, the stablecoin economy stood at a valuation of $
Bitcoin Transaction Backlog Shrinks, but Over 289,000 Still Await Confirmation
Although Bitcoin’s network transaction fees have decreased and a portion of the unconfirmed transfer backlog has diminished, the protocol still grapples with over 289,000 transactions awaiting confirmation. As of this writing, more than 218 blocks must be processed to fully alleviate this congestion.
Bitcoin’s Lingering Transaction Backlog
Data collected on May 20, 2023, at 1:35 p.m. Eastern Time reveals approximately 289,385 unconfirmed BTC transactions lingering in the backlog. This is sligh
Biggest Movers: XRP Bulls Take Profits Following 6-Day Winning Streak
XRP was marginally lower on Saturday, as bulls seemingly secured gains, following a recent six-day winning streak. The token, which has risen by nearly 10% in the past week, remains close to a three-week high. Polkadot remained in the green to start the weekend.
XRP
XRP, formerly ripple, remained close to a multi-week high to start the weekend, despite bulls moving to secure recent gains.
Following a peak at $0.4738 on Friday, XRP/USD declined to a bottom at $0.4627 earlier in the day.