Satiment points to weakening correlation of bitcoin and IT stocks
Bitcoin barely reacted to the Federal Reserve’s rate hike. The regulator increased the rate to 5-5.25% in the middle of this week, but BTC did not give up. In contrast,…
Trading on centralized exchanges declined for the first time in three months
Kaiko analysts recorded a decline in trading on spot cryptocurrency exchanges in April. The activity of traders decreased for the first time in the last three months. Whereas, by contrast,…
Аналитики Glassnode зафиксировали ослабление активности BUSD-адресов
The number of addresses regularly sending and receiving Binance USD (BUSD) token has fallen to its lowest level since mid-2021. Glassnode pointed to the sharp weakening of token holder activity….
Changpeng Zhao: The crypto market needs support from the banking sector
The traditional financial market helps the spread of digital currencies and the development of blockchain technology. That is why the cryptosphere needs a healthy banking sector, said Binance CEO Changpeng…
DOGE-address activity rose to a two-week high
Address activity in the Dogecoin (DOGE) network has been increasing since the beginning of this week. The average daily number of transactions on the blockchain was 17,889 on May 1,…
U.S. authorities may increase tax burden on miners
The U.S. ranks first in the world in terms of bitcoin capacity. However, due to energy and environmental risks, the authorities of some U.S. states have begun to limit the…
Charlie Lee said that litecoin will rise in price by more than 700%
According to lightcoin (LTC) creator Charlie Lee, the August 2023 halving will play a big role in the development of the entire ecosystem. Its underlying digital asset will rise to…
Glassnode analysts recorded a weakening activity of BUSD-addresses
The number of addresses regularly sending and receiving Binance USD (BUSD) token has fallen to its lowest level since mid-2021. Glassnode pointed to the sharp weakening of token holder activity….
Interest in litecoin on the futures market has been weakening since mid-April
In mid-April, open interest in litecoin futures (LTC) was close to $410 million. Demand for the asset has been increasing as it reached $102.96 on the spot market last month….
NFT user activity dropped significantly in April
In the first quarter of 2023, trading volume in the NFT market was about $4.7 billion, the highest since the second quarter of last year. However, already in April the…