Historically, the cryptocurrency market dominant Due to unregulated trading venues and retail investor activities. Nonetheless, this year shows how much market structure and participation have evolved and become institutionalized, Goldman Sachs (GS) said in a report last week. The bank said the cryptocurrency market saw growth in regulated and centrally cleared derivatives exchanges in 2023, including Coinbase Derivatives, CBOE, Eurex, GFO-X, AsiaNext and 24 Exchange. “The institutionalization of the market was most evident in the derivatives market,” the report said, adding, “CME saw a steady increase in Bitcoin and Ethereum futures and options trading, and in the fourth quarter, it…
Author: Crypto Flexs
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Solana is riding a wave of positive news, hitting a major decentralized finance (DeFi) scale milestone amid surging demand for the devices that power its ecosystem. The blockchain network built for scale hit $1 billion in 24-hour decentralized exchange (DEX) trading volume this week, narrowly trailing Ethereum’s $1.164 billion for the first time ever. key point Solana reached $1 billion in 24-hour DEX trading volume, just behind Ethereum’s $1.164 billion. Solana phones are sold out in the US, showing growing demand for Solana-based projects. BONK, a meme coin associated with the Solana ecosystem, has surged 100% in price, breaking multiple…
avalanche Avex -7.10% Users paid $13.8 million in transaction fees over the past five days to mint and move tokens and NFTs created with the inscription.Inscription-based tokens are created by writing text from regular blockchain transactions and using an off-chain numbering system to track it. It was created as a workaround for the Bitcoin network due to the lack of native support for the token. They have recently spread to many other blockchains for various reasons. One of them is that it may be cheaper to move than the native token. These low costs apply to most blockchains. Blockchains like…
Bitcoin transaction fees are experiencing a significant surge, hitting a 20-month high as BTC transfer costs soar. According to recent on-chain transaction data from BitInfoCharts, the average transaction fee as of December 17 stands at around $40. This surge follows a recent wave of Bitcoin on-chain activity that has resulted in higher transaction fees for all network users. The average cost to send BTC on-chain currently exceeds $37, the highest since April 2021.The debate over high Bitcoin fees: inevitable or temporary?Increasing Bitcoin transaction fees have sparked debate within the cryptocurrency community. Some argue that these high fees are inevitable given…
The launch of a spot Bitcoin exchange-traded fund (ETF) is the subject of active discussion between the U.S. Securities and Exchange Commission (SEC) and a number of asset managers, most notably large investment firm BlackRock. This move could mark a major turning point in the acceptance of cryptocurrencies in traditional financial markets. Representatives from Chairman Gary Gensler’s office attended a recent discussion held by the SEC with asset managers considering creating a spot Bitcoin ETF in the United States. Representatives from BlackRock met with the SEC on December 14 to discuss proposed rule changes that would allow trading of cryptocurrency…
reporter Posted on: December 18, 2023 Over the weekend, BTC fell to $41,158 and ETH fell below $2,200. The market was expected to move sideways until the end of the year. Cryptocurrency trading activity cooled over the last non-holiday weekend of the year, the first possible sign that a 2023 peak may have been reached and the market will remain sideways until 2024. Over the weekend, Bitcoin (BTC), the world’s largest cryptocurrency, fell below $42,000. The decline has accelerated over the past 24 hours, with BTC falling to $41,158 as of this writing, AMBCrypto discovered using data from CoinMarketCap. Ethereum…
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COIN, MSTR, HOOD and cryptocurrency mining stocks MARA and RIOT are down during pre-market today, with Bitcoin price below $41,000. Bitcoin price fell today. The leading cryptocurrency asset fell below $41,000 this morning. Free Market’s major cryptocurrency stocks are also in the red zone. Coinbase Global Inc (NASDAQ: COIN) is down 3% and trading at around $143. MicroStrategy Inc (NASDAQ: MSTR) shares are trading at $551, down more than 3%. Marathon Digital Holdings Inc (NASDAQ: MARA) is trading around $17, which means it’s already down more than 5% today. Riot Platforms Inc (NASDAQ: RIOT) also fell. The loss rate is…
Cryptocurrency funds from asset managers such as CoinShares, Bitwise, Grayscale, ProShares and 21Shares ended 11 weeks of inflows last week, recording net outflows of $16 million, according to CoinShares’ latest report.Bitcoin BTC -2.15% Fund-based funds dominated last week, recording outflows of $32.8 million, while short-term Bitcoin investment products also recorded outflows of $300,000. However, deal activity remained above average, totaling $3.6 billion last week compared to the annual average of $1.6 billion.The outflow coincided with a decline in the price of Bitcoin last week, sending it down about 5%, ending an eight-week streak of weekly gains. Bitcoin is currently trading…
Cryptocurrency exchange Changelly has published an updated forecast for the price of XRP almost a decade from now. The price of the new prediction is significantly different from the previous prediction and this time the prediction includes when the XRP price crosses $10. XRP price will exceed $10 by 2030 XRP community members are very optimistic that the price of In fact, we expect a lot of growth in cryptocurrency exchanges over the next few years, but double-digit growth seems unlikely. The cryptocurrency exchange expects the price of Growth is expected to continue over the next few years, reaching $5…