Exchange Balances Drop Amid Record Transaction Volumes

The crypto market’s sentiment and liquidity are signaled by stablecoins. They indicate whether the market is bullish or bearish. Following a healthy inflow of stablecoins into exchanges for the first quarter of 2023, a pair of on-chain reports from crypto data intelligence platform Glassnode revealed that stablecoins’ exchange balances dropped in April 2023. This signals … Read more

Bitcoin Price Breakout Confirmed As Spot Market Defies Short Term Risks

Bitcoin (BTC) price is showing renewed strength as it continues to push higher through key resistance levels. The price action confirms a breakout pattern that mirrors previous major rallies. Bitcoin price is trading above $94,000, supported by strong spot buying and rising institutional interest. Bitcoin Price Breaks Key Levels as Volume and Structure Support Bullish … Read more

Apple App Store Update Allows Third-Party NFT Transactions

Key Points: Apple updates App Store rules, influencing NFT and payment app operations. External payment methods and NFT transactions now approved. Compliance remains critical for crypto app development. Apple has updated its U.S. App Store guidelines to allow developers to incorporate external payment methods and enable third-party NFT transactions within apps. These changes follow a … Read more

Here’s why XRP market cap will flip Ethereum in 2025

Ripple and Ethereum have formed divergent chart patterns, raising the hopes that the former will become the second-biggest cryptocurrency this year. Ethereum (ETH) traded around $1,837 at last check on Saturday, while Ripple (XRP) was stuck at $2.20. Yet, both prices were much higher than their respective year-to-date lows. The two have a market cap … Read more

Royal Bitcoin Drain: Bhutan Quietly Dumps 2,584 BTC in 40 Days 

Roughly 40 days ago, Bitcoin.com News disclosed that the Royal Government of Bhutan, via Druk Holding and Investments (DHI), had moved 600 BTC, and at the time, held a balance of 10,070 BTC. Since that report, Bhutanese officials have evidently parted ways with 2,584 BTC—shedding approximately $248 million in digital assets. Bhutan’s Bitcoin Hoard Shrinks … Read more

United Kingdom CFTC GBP NC Net Positions rose from previous £20.5K to £24K

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet … Read more

Australia CFTC AUD NC Net Positions increased to $-49.9K from previous $-54.6K

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet … Read more