Altcoin Dominance on Binance Reaches 78% as Analysts Forecast Strong Growth Ahead
Altcoin trading activity on Binance has surged to new heights, with the platform’s altcoin trading volume dominance hitting 78%. A crypto market analyst suggests this trend signals the possibility of a strong altcoin market rally in 2025. According to CryptoQuant contributor Burakkesmeci, who shared insights in a January 11 report, growing retail engagement could drive […]
December US Jobs Data Sparks Immediate $2K Bitcoin Price Drop
Bitcoin has shown significant sensitivity to updates from the U.S. political and economic landscape, evidenced by a sharp $2,000 drop within just 30 minutes. This sudden movement followed the release of the latest U.S. jobs report for December, which revealed a striking gap between the actual number of jobs added and the more conservative predictions. […]
Bitcoin speculators panic sell at $92K Amid good time for accumulation
Bitcoin investors are recalibrating market expectations as the cryptocurrency faces a 4% drop in weekly prices. According to a recent Quicktake blog post by CryptoQuant, this downturn presents a renewed opportunity for savvy investors to buy the dip. Onchain Data Reveals Loss-Driven Activity Bitcoin’s sentiment has faced challenges in recent weeks, with market volatility leaning […]
Altseason Hampered by Declining Capital Inflows
The total market capitalization of altcoins remains significantly below its all-time high achieved in November 2021, reflecting a market where funds are largely being recirculated rather than supplemented by new inflows. Market analyst Ki Young Ju, CEO of CryptoQuant, highlighted this disparity by comparing altcoin market performance with Bitcoin’s market cap, which has doubled since […]
US Set to Offload $6.5B in Bitcoin- Is a BTC Price Crash Looming?
The United States Department of Justice (DOJ) is preparing to sell Bitcoin worth $6.5 billion, seized during the Silk Road investigation. This follows a December 30 court decision, marking the conclusion of a lengthy legal process over the ownership of these Bitcoin holdings. Could More Bitcoin Sales Be Coming? As of January 9, 2025, government […]
Circle Donates 1M USDC to Trump’s Inauguration Fund
Stablecoin issuer Circle has contributed 1 million USD Coin (USDC) to President-elect Donald Trump’s Inauguration Committee, Circle’s CEO Jeremy Allaire revealed on January 9. This donation marks a significant step in the growing legitimacy of stablecoins within the broader financial landscape, according to Allaire. The acceptance of the contribution highlights how the stablecoin sector is […]
Polymarket Users Wager Biden is More Likely to Pardon SBF Than Ross Ulbricht
As President Joe Biden’s tenure nears its end on January 20, there remains the possibility for him to grant pardons or commute sentences for individuals convicted of federal offenses. Some cryptocurrency enthusiasts are now placing bets on whether Biden will intervene in the cases of former FTX CEO Sam “SBF” Bankman-Fried and Silk Road founder […]
Bitcoin Drops to $92.5K Amid Fed Interest Rate Worries
The recent dip in Bitcoin’s price is being attributed to mounting apprehensions about the United States Federal Reserve’s monetary policies, which are poised to play a pivotal role in shaping Bitcoin’s trajectory throughout 2025, according to market experts interviewed. Federal Reserve Signals Weigh on Bitcoin On January 7, Bitcoin briefly crossed the significant $100,000 threshold […]
Pyth Teams Up with Revolut for Instant Digital Asset Insights
Pyth Network, a leading provider of decentralized data infrastructure, has partnered with fintech giant Revolut to bridge the gap between digital banking and decentralized finance (DeFi). Through this collaboration, Revolut will share its proprietary digital asset pricing data with the Pyth Price Feeds. This integration allows DeFi developers to leverage Revolut’s data for asset pricing […]
US Fed’s Monetary Easing May Trigger Bitcoin Surge in Early 2025
Bitcoin may see significant price gains in the first quarter of 2025, thanks to over $612 billion in anticipated liquidity entering the market. This influx could offset concerns about delayed cryptocurrency regulations in the United States. In the last 24 hours leading up to 8:00 a.m. UTC on January 8, Bitcoin dropped nearly 6%, falling […]