NFT sales plummet to lowest monthly volume since 2021 CryptoSlam

NFT transactions dropped 32% from 7.3 million in August to 4.9 million in September. 

View Details

21.co launches Bitcoin wrapper on Ethereum

It aims to bring institutional-grade security to wrapped BTC.

View Details

US Bitcoin ETFs raked in $1.1B this week, most since mid-July

BlackRock, ARK 21Shares and Fidelitys Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflows, respectively.

View Details

Bitcoin targets $70K as stablecoin inflows and China stimulus boost rally

Bitcoin has surged past $65,000, boosted by Chinas stimulus measures and stablecoin inflows.

View Details

Bitcoin Breaks $65K With $365 Million In Spot ETF Inflows Fueling The Rally

Bitcoin has been the subject of recent media attention, not only due to its price increase above $65,000 but also due to the extraordinary inflows into spot Bitcoin ETFs. These inflows, according to Farside Investors, have reached a remarkable $365 million as of September 26, 2024, which is indicative of the increasing institutional interest in [...]

The post Bitcoin Breaks $65K With $365 Million In Spot ETF Inflows Fueling The Rally appeared first on Crypto Breaking News.

View Details

Innovative No-Code and Low-Code Solutions for AI-Powered Speech-to-Text Tools

Explore six no-code and low-code integrations for building AI-powered Speech-to-Text tools, enabling ease of use for those with limited coding experience. (Read More)

View Details

Bitcoin rallied above $65K, but will BTC price hold this level?

Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?

View Details

Crypto products hit with $305M outflow amid strong US economic data

CoinShares expects that crypto investment products will become increasingly sensitive to interest rate expectations in September.

View Details

Ripple co-founder leads $10M raise for decentralized clearing

Chris Larsen's contribution to Yellow Network aims to tackle liquidity fragmentation, scalability and capital efficiency in crypto markets.

View Details

Crypto investment products see $436M inflow, while Ethereum continues to suffer

Inflows to crypto investment products rose over the past week, but Ethereum continues to lose investors interest.

View Details

Flowcarbon Refunds Investors After Canceling Token Launch

Flowcarbon refunds investors after its planned Goddess Nature Token launch fails due to market challenges and regulatory resistance. (Read More)

View Details

Bitcoin price struggles as bears overtake bulls in futures markets

Bitcoin must hold above the $50,000 mark until the Sept. 18 Federal Reserve meeting to avoid more downside.

View Details

iShares BTC ETF investors weather major price drop with zero flows

The Bitcoin ETF from iShares saw a rough entry into the week, with the asset down by 14%, yet according to market analysis, no one budged.

View Details

Crypto Assets Face $528M Outflow Amid Market Chaos and Recession Fears

Crypto ssts hv xprincd dclin, ccording to CoinShrs’ ltst rport indicting shift in invstor sntimnt. For th first tim in month, th crypto mrkt hs sn nt outflow of $528 million, drivn by frs of potntil US rcssion, rising gopoliticl tnsions, nd widsprd sll-offs cross sst clsss. Exchng-trdd products (ETPs) […]

View Details

The Bitcoin bottom is not in BTC traders set price targets in low $40K range

Crypto traders appear to agree that todays market rout is far from over.

View Details

Circle to Cease USDC Support on Flow Blockchain Amid Network Upgrade

Circle announces the discontinuation of USDC support on the Flow blockchain due to an upcoming network upgrade, effective September 3, 2024. (Read More)

View Details

XRP Whales Are Depositing To Exchanges: Price To Drop Further?

On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during [...]

The post XRP Whales Are Depositing To Exchanges: Price To Drop Further? appeared first on Crypto Breaking News.

View Details

Grayscale Ethereum ETF outflows exceed $2B

While Grayscales spot Ether ETF experienced substantial outflows, other ETFs are showing different trends.

View Details

Ethereum DApp volumes rise 36% in a week Will ETH price follow?

Interactions with Ethereum DApps are soaring, but ETH price has failed to react.

View Details

Bitcoin Plummets To $59,000, On-Chain Data Reveals Why

Bitcoin has observed a plunge to the $59,000 level during the past day. Here’s what could be behind it, according to on-chain data. Bitcoin Exchange Inflow Spiked Just Before The Crash In a new post on X, CryptoQuant Head of Research Julio Moreno discussed the latest trend in Bitcoin Exchange Inflow. Exchange Inflow is an on-chain metric that tracks the total amount of assets being transferred into the wallets of centralized exchanges. Investors deposit many coins on these platforms when this indicator’s value is high. One of the main reasons holders may transfer to exchanges is for selling-related purposes so this trend can have bearish consequences for BTC’s value. Related Reading: Litecoin Sees Sudden Exodus Of Retail Investors: Why This Can Be Bullish On the other hand, the low metric implies holders aren’t moving that many coins from self-custody into exchanges, which, depending on whether outflows are also occurring, can potentially be bullish for the cryptocurrency. Now, here is the chart shared by Moreno that shows the trend in the Bitcoin Exchange Inflow over the past few days: As displayed in the graph at the top, the Bitcoin Exchange Inflow saw some notable spikes in the lead-up to the latest price plunge. The version of the indicator in the chart is specifically for the spot platforms, so selling was likely the goal of the investors making these deposits. The CryptoQuant head has also attached the data for another metric: the Spent Output Value Bands version of the Exchange Inflow, under the chart for the Exchange Inflow. This indicator shows how the Exchange Inflow breaks down according to the transactions’ size. In the graph, Moreno has specifically highlighted the 1,000 to 10,000 BTC value band, corresponding to addresses carrying between 1,000 and 10,000 tokens in their balance. Investors of this scale are popularly known as the whales and are considered among the market’s most influential entities. As the chart shows, the Exchange Inflow for these large Bitcoin holders also spiked alongside the spikes in the general metric, implying that the whales contributed to some of the deposits. Related Reading: Solana, Ethereum Attract Traders Amid Bitcoin Open Interest Plunge Given the timing of the inflows made by these humongous investors, it’s probable that this selling was partially responsible for the bearish price action the cryptocurrency witnessed during the past day. As such, the indicator could be worth monitoring shortly, as more large deposits could suggest that the Bitcoin sellers aren’t done yet. BTC Price At the time of writing, Bitcoin is floating around $59,900, down almost 4% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

View Details