Yesterday, Bitcoin's price rose on positive news regarding Grayscale, breaking above $28,000.
Most of the other top 10 cryptocurrencies also showed gains. Bitcoin's outlook remains moderately optimistic.
The transaction volume of Bitcoin, the world's largest cryptocurrency, increased by 33.39% to $11 billion in the last 24 hours, and its market value increased by 0.04% to $505.24 billion.
The total cryptocurrency market value increased by 0.33% to 1.05 trillion US dollars in the last 24 hours, while the market value increased by 27.29% to 24.05 billion US dollars.
PancakeSwap is a popular multi-chain DEX. It will burn CAKE tokens earned from a variety of sources, including trading fees, NFTs, giveaways, and auctions.
Important crypto news for the period between August 21-27:
📌 Binance Futures is launching copytrading in September. Beginning crypto traders will be able to copy trades in real time and professional traders will be able to profit from their strategies.
📌 Bitcoin mining difficulty has once again updated its historical maximum. The average hashrate on the network of the first cryptocurrency was 397.74 EH/s.
📌 Oman established a $350 million cryptocurrency mining center.
📌 Marathon president praised the possibility of Bitcoin ETF being approved.
📌 Binance restricted P2P transactions for Russia and ended cooperation with Visa and Mastercard.
📌 In case of a serious decline in Bitcoin, Bitmain will pay compensation. Within three months of purchasing the S19j
Over 40% of all BTC hasn't moved in over three years 👇
According to Galaxy Research, investors are calmly waiting for the current bear market and are in no rush to close positions at a loss.
Currently, more than 40% of the total cryptocurrency supply has been dormant for more than three years. Many of these coins may be lost forever. #KriptoNews24 #Bitcoin $BTC
Bitcoin forecast remains conservative and shows the asset losing value.
Bitcoin price fell 1.45% from August 18 to August 26, falling to $26,095.
The world's largest cryptocurrency by market cap has been trading below $30,000 since August 9.
Ethereum also fell 1.84% over the week to $1,654.
Overall, the capitalization of the global cryptocurrency market stood at $1.05 trillion; This is 10.25% less than the previous week's $1.17 trillion. #KriptoNews24 #Bitcoin #Ethereum $BTC
🚧 There isn't much demand for PayPal's new stablecoin.
According to Nansen, very few people use and store the PYUSD token in non-custodial wallets.
⏺ Less than ten addresses without contracts or exchanges have a balance greater than 1,000 PYUSD. ⏺ More than 90% of PYUSD supply is held by Paxos. ⏺ Kraken, Gate io and Crypto com exchanges hold just over 7% of the PYUSD supply.
Which cryptocurrencies are whales actively buying this month?
Maker (MKR), Uniswap (UNI) and Optimism (OP) came into the spotlight.
Whales increased the price of DAI by purchasing MKR tokens. The volume of transactions with UNI is also increasing even after the price correction. Optimism (OP) also attracts the attention of whales. #KriptoNews24 $MKR $UNI $OP
Shiba Inu whale transferred $6 million to WalletSimple in SHIB.
Shibarium's failed launch hasn't stopped major investors from remaining positive about memcoin price prospects. There are 772.4 billion SHIB in the wallet and the community continues to actively burn tokens to reduce the supply.
🥇 #Bitcoin speed is at its lowest level in 3 years.
There are two sides to this situation. It can be seen as positive because the whales are holding it, but it can be seen as negative because it is not transferred to new investors.
👀 PEPE team announced the flow of 16 trillion tokens
There are disagreements and fights within the team, some team members steal 16 trillion PEPE and leak it to the market, then move away from multi-signature and delete their social media accounts.
It was also learned that the PEPE Telegram group was taken over by hackers, all official news will be published on the Twitter account.
Smart Money investors are actively purchasing DYDX tokens and increasing their holdings.
Nansen experts state that more than 80 wallets have already purchased 47.8 million DYDX (more than $103 million), which is 30% more than at the beginning of 2023.
Holding volume reached a record high.
Additionally, the outflow of DYDX from stock markets in the last 30 days is also noteworthy. #KriptoNews24 $DYDX
#BlackRock wants to reduce the price of #Bitcoin to buy at a better price. After accumulating a normal amount Bitcoin Spot ETF will be introduced and this will start the Bull season. This is estimated to happen in 2024.