We brings you the latest, real-time updates from the world of cryptocurrency. Stay ahead with breaking news on blockchain, market trends, and crypto events.
๐๐ค $BTC The Accumulation Trend Score is nearing 0, indicating that market participants are either distributing or not accumulating Bitcoin at the moment.
๐๐ $BTC The volume of transactions processed on the BTC network in 2023 exceeded the volume of transactions processed by Visa and MasterCard combined.
๐๐ $ETH Ether holders are facing increased pressure. In the past week alone, 312,183 ETH (worth $751M) has been deposited to exchanges, signaling growing uncertainty among investors.
๐คด๐ $TRX $SUN : Sun.pump drives Tron Networkโs non-stablecoin activity to new highs Throughout 2024 around 98% of the activity on the TRON network could be attributed to Stablecoins.
This trend has had a major shift since the release of Sun.pump on August 9th. SunPump is a TRON-based platform that allows users to create memecoins centered around communities.
The popularity of this application has resulted in a massive change in network usage where stablecoin activity now only makes up around 75% of the token transfers compared to 98% just a month prior.
๐ $TON Data from IntoTheBlock indicates that just 9% of TON holders are currently in profit at the present price of $4.63. A significant 86% of holders are facing losses, while 5% are at break-even.
The report also highlights that only 5% of TON wallets have held the cryptocurrency for more than a year. In contrast, 62% have held TON for less than a year, and 33% of wallets have held it for less than a month.
๐ฎ๐ $BTC #RiverFinancial : In the most optimistic scenario, we estimate that 10% of U.S. companies will convert 1.5% of their cash, or $10.35 billion, to Bitcoin over the next 18 months.