The cryptocurrency market is experiencing a remarkable transformation, highlighted by a surge in investor activity and Bitcoin's rise to $68,000.
Alongside Bitcoin, altcoins like Ethereum and Solana are also gaining momentum, prompting a shift in the fear and greed index toward greed, signaling the start of “Uptober.”
Market capitalization has reached $2.31 trillion with trading volumes at $79.79 billion, leading to substantial profits for investors, including some who have doubled their investments in just days.
A16zcrypto’s report reveals a record 220 million active addresses, driven largely by Solana, which added 100 million. While Bitcoin has 11 million and Ethereum 6 million active addresses, many holders possess minimal amounts of SOL. Improvements in blockchain technology have increased transaction speeds significantly, aided by Layer 2 solutions like Ethereum’s Dencun upgrade.
As the U.S. presidential election approaches, interest in cryptocurrency is rising. Predictions suggest Bitcoin could reach new highs, fueled by the success of Bitcoin and Ethereum ETFs, which have seen substantial inflows.
The intersection of cryptocurrency and AI is also notable, with 35% of crypto projects now utilizing AI. As engagement peaks, anticipation for a bullish market is high, with many analysts optimistic about upcoming gains as historical trends align with election timing.
Bitcoin is no longer the speculative playground it once was, according to Bitwise CIO Matt Hougan.
After more than a decade of silence, two early Bitcoin wallets have suddenly sprung to life, moving thousands of BTC in a move that caught the attention of blockchain analysts and traders alike.
Global payments giant Visa has made a strategic investment in BVNK, a London-based startup specializing in stablecoin infrastructure, underscoring its ongoing commitment to digital asset innovation. BVNK announced the investment on May 7, noting that the backing came through Visa Ventures, the company’s investment division. While financial terms were not disclosed, BVNK characterized the move […]
After briefly breaching $97,000, Bitcoin has slipped to around $94,000, retreating from the $98,000 resistance zone as traders brace for potential volatility tied to upcoming macroeconomic announcements.