According to a recent analysis from JPMorgan Chase, the Bitcoin network demonstrated a modest uptick in its average monthly hash rate in January, rising by 1% year-on-year to reach 785 EH/s. Interestingly, the mining difficulty saw a slight decline of 2% compared to the previous month, reflecting unusual dynamics within the market. The analysis highlighted … Read more
SUI is trading at $3.71, holding above the $3.50 demand zone after recent downward pressure. The 20-EMA at $3.58 serves as immediate support, while $3.87 – $4.12 remains a key resistance range. A break below $3.50 could push SUI toward $3.08, while a breakout above $4.12 may drive it toward $4.90. Sui (SUI) has been … Read more
In an exciting development for crypto enthusiasts, Bitget has announced the launch of its latest Launchpool project, titled Analog (ANLOG), set to commence on February 6th. The project boasts a substantial total prize pool of 23,333,431 ANLOG, capturing the attention of investors looking for lucrative staking opportunities. The lock-up period will span from February 6th, … Read more
Solana-focused investment firm Sol Strategies has significantly expanded its holdings by purchasing an additional 40,300 SOL between Jan. 19 and Jan. 31. The purchases, worth approximately $9.9 million, were made at an average price of $246.53 per token, according to the company’s press release. With this latest acquisition, the Toronto-based firm now owns a total … Read more
SUI could soar 47% to reach the $5 level if it maintains above $3. SUI was at a crucial support level of $3.3 and has formed a perfect 1:5 risk-to-reward ratio. After a sharp decline in recent days, Sui [SUI] has formed a perfect risk-to-reward ratio for intraday traders, attracting notable attention from Binance … Read more
This is a contributor content by Kadan Stadelmann, operations security expert and Chief Technology Officer at Komodo Platform. President Donald Trump’s federal crypto reserve is a fantastic financial idea that could change the direction of U.S., and even world, history. Investors seem to understand the turning point we are at, as Bitcoin prices shot up into … Read more
The on-chain analytics firm Glassnode has revealed how the Ethereum futures market is still overheated despite the long squeeze that just occurred. Ethereum Open Interest Still Notably Above The Yearly Average In a new post on X, Glassnode has discussed about how the Ethereum futures market has changed during the past day. ETH, like other … Read more
According to cryptocurrency onchain data, a crypto whale seems to have made a really interesting choice by investing a large amount in a memecoin. A newly created crypto whale withdrew a huge amount of stablecoins, 10 million USDC, from Binance today and immediately converted them into 6.68 million MELANIA via Jupiter. As it is known, … Read more
Crypto traders say the market has “lost all sense of logic” and is now “confusing just about every investor” despite pro-crypto moves by the US government.
On Feb. 5, Ripple chief technology officer David Schwartz reported that the network is now recovering before adding, “We don’t know exactly what caused the issue yet.” The XRP Ledger (XRPL) experienced a rare one-hour outage late on Feb 4 when block production stopped at ledger height 93927173. However, the network recovered on its own … Read more