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Ethereum’s (ETH) price is encountering a bullish scenario that could propel it to a multi-month high, which is being aided by whales. However, for this to happen, ETH would first need to secure a key price level as support. Ethereum Investors Push for Profit Ethereum’s price is witnessing the impact…
Balaji Srinivasan, former CTO of Coinbase, recently shared his insights on the global economy and the future of the U.S. dollar on social media. He discussed the concept of dedollarization, suggesting that China and other countries are moving away from U.S. debt and investing in gold instead. He argued that…
The Fantasy Top collection led the non-fungible token (NFT) sales market on Sunday, with US$1.8 million in daily sales, according to CryptoSlam. This collection had 8,610 daily transactions across 2,155 unique buyers and 3,430 sellers. With the latest figures accounted for, Fantasy Top’s all-time sales volume has now reached US$46.13…
The tranquility of the Sunday afternoon crypto market was shattered today by a staggering $1.9 billion worth of Solana (SOL) tokens being moved between unidentified wallets. This massive transaction involved over 11 million SOL, capturing the attention of market watchers and sparking speculation. According to Whale Alert, the transfer began…
The final deadline for the first spot Ethereum ETF is Wednesday, May 23. This is when the SEC will approve or deny VanEck’s application. The Ark 21Shares spot ETH ETF application deadline is on the following day, Thursday, May 24, but what happens Wednesday will set the tone for the…
Shiba Inu saw another surge of activity in the market over the last 24 hours. Various entities, including whales and exchanges, have been actively moving their SHIB holdings, pushing the number of whale-tier transactions up. Here’s a breakdown of these transactions and the potential reasons behind them. Recent data highlights…
Ripple’s (XRP) price rallied to a one-month peak of $0.56 on May 6. But has since shed 9% of its value. Although the altcoin remains at risk of a price decline in the short term, it may present a buying opportunity for traders looking to trade against the market. Ripple…
Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market
The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened by injecting between…
Bitcoin (BTC) Price Consolidation, Shiba Inu (SHIB) Developments, and More: Bits Recap May 20
TL;DR Bitcoin (BTC) experienced notable volatility early in the month but has recently stabilized around $67K. Ethereum (ETH) saw a substantial 5.6% increase over the past week, currently trading around $3,100, with predictions of further significant gains in the coming months. Shiba Inu’s Shibarium witnessed a rise in daily transactions…
In recent developments, China has shown a significant increase in gold trading activities, sparking discussions about the potential implications for the cryptocurrency markets, particularly Bitcoin. The surge in gold purchases by China, noted by Bitcoin advocate and founder of Bitgrow Lab, Vivek, has raised questions about the country’s strategy amidst…
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