XRP Whale and Shark Addresses Accumulate 1.5 Billion XRP in Past Year
Whale and shark addresses on the XRP Ledger, which hold between 100,000 and 100 million XRP, have accumulated over 1.5 billion XRP since October of the previous year, despite a decline in whale transactions on the network. These addresses, considered significant holders, have been steadily increasin ...
Bitcoin Price Analysis for October: Historical Trends and Future Outlook
Bitcoin Price Analysis for October: What to Expect October historically has been a significant month for Bitcoin in terms of price action. On average, Bitcoin experiences a 17% price increase during this month, excluding the early and more volatile years of its existence. When examining pr ...
Chainlink’s (LINK) Recent Rally Faces Potential Correction: Key Considerations
Chainlink (LINK) has experienced a significant rally over the past two weeks, with its price rising by more than 32% and approaching the $8 mark. However, there are signs that a correction could be on the horizon before further gains are possible. Here are some key points to consider regarding Ch ...
Bitcoin Spot Trading Volume Hits 6-Year Low Amidst Changing Market Dynamics
The spot trading volume of Bitcoin has reached its lowest point in six years, marking a significant decline from the high trading activity observed earlier in the year. Several factors contribute to this decline: Macroeconomic Uncertainty: Concerns about the broader economic landscape, driven by ...
Long-Term Bitcoin Holders (LTHs) Show Strong Conviction as They Accumulate a Significant Portion of BTC Supply
Long-term Bitcoin holders (LTHs), often referred to as "Hodlers," are showing strong conviction in their Bitcoin positions, with data from crypto analytics firm "Into the Block" revealing that they now hold approximately 13.44 million Bitcoins. This represents a significant portion of the total circ ...
Stellar’s Remarkable Surge: Highest Gains in Seven Days
In a remarkable turn of events, Stellar (XLM) has surged to become the top-performing asset in the cryptocurrency market over the last seven days, based on data from TradingView. This surge has reignited interest and demand for Stellar, propelling its price to new heights. Notably, this resurgence i ...
HIVE Mining Company Aims to Double Production Capacity to 6 EH/s by Year-End
Mining company HIVE said it plans to reach 4 EH/s production capacity by the end of this year and then increase it to 6 EH/s. That's almost double the firm's current capacity. HIVE explained that the company plans to achieve this goal by using a new batch of next-generati ...