Massive Token Sale by Liquidity Provider Triggers 25% Plunge in SYN Token Value
An undisclosed liquidity provider associated with the Synapse crosschain bridge reportedly sold 9 million SYN tokens at once, causing the asset's market value to plummet by 25% from $0.4 to $0.31, according to blockchain observer Soingecko. Etherenscan data indicates that the SYN tokens were sold fo ...
U.S. Debt Ceiling Consensus Boosts Cryptocurrency Market, Bitcoin Reaches $28,000
The news of reaching consensus on agreeing on the U.S. debt ceiling had a positive effect on the market value of the VC and the overall capitalization of the cryptocurrency market. The increase in the U.S. debt ceiling and encouraging comments from the country's governmen ...
Bitcoin Market Value Declines as Mining Companies Sell Off Assets
Analysts at the CryptoQuant platform report that bitcoin sales by mining companies have led to a decline in the market value of the first cryptocurrency. Over the past 24 hours, miners sold about 1,750 BTC from their wallets at one time for about $47 million, which, accor ...
XRP Whales Accumulating Coins as Bullish Trend for Ripple Emerges
Ripple (XRP) gained 4.5% in the past two weeks. According to onchain analysis, whales were actively buying the coin during this period, which can be seen as a bullish signal for XRP in the coming weeks. May began for XRP -the native coin of the blockchain project Rippl ...
MicroStrategy Reports Q1 Growth in Key Financial Indicators and Reduced Losses from Digital Asset Depreciation
Loss from the depreciation of digital assets dropped to $18 million The company has also significantly cut operating expenses The organization's BTC portfolio has a market value of just over $3.9 billion On May 1 yesterday, one of the largest BTC hold ...
Berenberg Bank Analysts Predict Bitcoin Value Growth Due to Future Halving
Analysts at Germany's oldest bank, Berenberg Bank, said that future halving, as well as a combination of circumstances, evolution and time, will be a springboard for bitcoin value growth. In support of their conclusions about the possible growth of the market value of the ...
Cryptocurrency Analyst Predicts Sharp Drop in Ether Market Value
A well-known expert in the field of cryptocurrency analysis has made a bold prediction regarding the future market value of Ether. Benjamin Cowen recently uploaded a video to his YouTube channel in which he explains that the current market price of Ether, which is around $2,000, is experiencing a ...
Bloomberg Intelligence analysts confirm Bitcoin’s dominance as a global reserve asset
Bloomberg Intelligence analysts cited data on the growth of investor confidence in bitcoin: the first cryptocurrency successfully passed a liquidity stress test amid the US banking crisis. A study by Bloomberg Intelligence experts says that for the vast majority of crypto ...