COINOTAG News reported on January 2nd that CryptoQuant analyst Burakkesmeci has highlighted a notable decrease in the Coinbase Premium Index, a metric that gauges U.S. Bitcoin retail demand. The index plummeted to a new 12-month low, indicating heightened selling pressure in the U.S. market, which may challenge the short-term price rebound for Bitcoin. As of … Read more
Both CertiK and PeckShield shared data showing December was the lowest month of crypto losses in 2024.
A crypto analyst says the rise in the Coinbase Premium Index is due to “increasing seller pressure” in the US market, reaching levels not seen since January 2024.
NFT sales have surged to $8.8 billion in 2024, led by dominant blockchains Ethereum and Bitcoin, despite facing significant market challenges. The late-year growth in Q4 managed to counter a seven-month downturn, showcasing resilience in the NFT market. According to COINOTAG, “oversaturation in the market left 98% of collections with little to no trading activity … Read more
On January 2nd, sources from COINOTAG News reported that an influential Ethereum whale executed a significant swing trade. The whale drastically invested 40.66 million USDT to acquire 12,178.4 ETH at a price point of $3,339. Following a strategic move, the entity offloaded 11,188.4 ETH this morning at a selling price of $3,357, successfully converting the … Read more
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Community-driven cryptocurrencies and decentralized governance systems can shape the future of Web3 technology.
GBP/USD remains weak near 1.2510 in Thursday’s Asian session. Fed officials projected they will make just two quarter-percentage-point rate reductions by the end of 2025. Dovish BoE bets and Trump’s tariff threats could undermine the GBP. The GBP/USD pair remains on the defensive around 1.2510 on Thursday during the Asian session, pressured by the stronger … Read more
Ripple’s legal chief has issued a year-end warning to the SEC, highlighting key legal boundaries on crypto assets and cautioning against regulatory overreach in 2025. Year-End Message: Ripple’s Legal Chief Warns SEC Against Repeating Missteps in 2025 Ripple’s chief legal officer, Stuart Alderoty, took to social media platform X on Dec. 31 to highlight key … Read more
Jordan’s government has introduced a new Blockchain Technology Policy for 2025, which aims to increase transparency, improve public services, and drive economic growth. The initiative, approved by the Jordanian Council of Ministers, seeks to modernize administrative procedures and enhance trust in government operations. The policy outlines plans to implement blockchain technology to streamline government functions, … Read more