During the last few years, the cryptocurrency industry has grown exponentially. The number of users joining the crypto world daily is rapidly increasing.
A recent data analysis reveals that bitcoin reserves held by several exchanges are falling sharply. This trend could have major implications for the crypto market. In particular, exchanges could soon run out of liquidity and see their trading volumes plummet.
Elon Musk, the richest man in the world, is back at it again. On July 20, 2023, he declared Twitter to be a dog- and Dogecoin-friendly place. His seemingly harmless tweet could have major implications for the price of the Dogecoin crypto.
Unprecedented turbulence has just hit the crypto sphere, precisely at the heart of the Binance titan. A general alert for users: the platform is suspending its SEPA transfers. A thunderclap that resonates far beyond mere numbers and transaction codes.
Over the past week, the crypto market has suffered a significant fall, affecting all assets. The flagship altcoin, Ether, recorded a 10.31% drop on Thursday. Nevertheless, a clever whale managed to dodge the turbulence by liquidating a significant amount of ETH just before the crash.
Tether (USDT) is the largest stablecoin currently on the markets. Present in the crypto ecosystem since 2014, its position is undeniable. However, USDT's lowest parity since the fall of FTX is being recorded, and this could be the work of Changpeng Zhao, CEO of Binance.
It's here: a PayPal stablecoin! If the rumor had already been circulating, the payment company is embarking on a new course and taking the turn towards digital assets. It's time to find out more about this new project.
Bitcoin has experienced explosive price phases in recent weeks. According to several analysts, the asset's price should continue to rise despite the market's circumstances. Economist Alex Krüger is among those who believe in this prospect.
Ether (ETH) stabilizes around $1850, potentially offering a buying opportunity. The uptrend could indeed continue in a context favorable to cryptos.
Bitcoin (BTC) is currently navigating troubled waters, with foreign exchange reserves experiencing a significant decline at the beginning of the month. However, despite this price drop, new data from the blockchain analytics platform, CryptoQuant, suggests a possible bullish run for the queen of cryptocurrencies.
Crypto banks may compete with "old-timer" institutions but traditional financial establishments will hinder the emergence of a new industry.