Cryptocurrency exchange Binance’s altcoin volume dominance has reached 78%, a level that cryptocurrency analysts say points to strong potential for an altcoin bull market in 2025.“With rising retail interest, the altcoin market could continue to build strong momentum over the coming months,” CryptoQuant contributor Burakkesmeci said in a January 11 market report.Analyst says there is ‘confidence’ in altcoin bull market in 2025.Burakkesmeci said that Binance’s trading volume per altcoin pair reached 77.83% in January 2025 and has increased by about 11% over the past five months.“The steady increase in altcoin trading volume on Binance strengthens our confidence in the potential…
Author: Crypto Flexs
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This article is also available in Spanish. Ethereum has faced a difficult start to the year, falling 15% from recent local highs and falling to a low of $3,157. The altcoin leader’s decline comes as market volatility and uncertainty rise, with many investors re-evaluating their positions following the recent sell-off. However, despite the economic downturn, on-chain data suggests that underlying investor sentiment remains robust. Related Reading Ethereum has seen significant outflows from exchanges this week, with net outflows exceeding $1.4 billion, the highest level since November, according to data from IntoTheBlock. This activity often signals a strong accumulation trend as…
Key trends and insightsOverview: Bitcoin’s Latest SurgeBitcoin’s performance over the past 24 hours continues to attract attention, rising 3.19% compared to the previous day’s rise of 0.85%. Here’s a quick snapshot of our latest metrics: metric system value current price $94,375 24 hour change +3.19% market capitalization $30,221,455,859 24-hour trading volume $3,022,145,585 Key pricing trends you need to knowPrice changes: Bitcoin rose 3.19% with a support level of $93,300 and a resistance test of $95,799.Trend analysis: An ascending triangle pattern featuring higher lows and horizontal resistance suggests a potential bullish breakout.price analysisTechnical OverviewBitcoin continues to show bullish signals after testing…
January 9, 2025 | industry news We have been selected as one of FTX’s partners to distribute funds to its former clients. Because these payouts are made in US dollars, we want to minimize the cost of reinvesting that money in cryptocurrency for those who decide to trust us. New customers who choose Kraken to receive funds from FTX will receive a fee credit to purchase up to $50,000 in cryptocurrency on Kraken Pro without paying transaction fees. You will receive up to $105 in Kraken Trading Fee Credits (KFEE) proportional to the amount of funds received. This will be…
The prices of three low-cap altcoins surged on Friday after Binance added trading support for the cryptocurrency asset. Virtuals (AIXBT), ChainGPT (CGPT) and Cookie DAO (COOKIE) list aixbt as the top global cryptocurrency exchange by trading volume. CGPT, the underlying asset of ChainGPT, a web3 artificial intelligence (AI) infrastructure project, showed a particularly notable rise, rising approximately 105% from $0.2 to $0.41 in 24 hours from Thursday to Friday. The 301st-ranked cryptocurrency asset by market cap has given up some gains and is trading at $0.346 at the time of this writing. AIXBT is a cryptocurrency market intelligence platform developed…
At press time, XRP was approaching the crucial $2.60 resistance level as bullish momentum was building among traders. XRP’s breakout rally has been strengthened by whale activity and increasing network participation. XRP It is making headlines again, sparking optimism as the price approaches the possibility of breaking out of its descending channel. At the time of writing, the altcoin was trading at $2.378 after rising 1.56% in the last 24 hours. The move came after several weeks of consolidation and sparked optimism among traders about a continued upward trend. However, XRP needs to overcome a critical resistance level near $2.60…
Top news of the week New Hampshire, North Dakota Introduce Strategic Bitcoin Reserve Bill New Hampshire and North Dakota have become the latest US states to introduce legislation for strategic Bitcoin reserves, marking a continued push by lawmakers to diversify their treasuries with the cryptocurrency. The New Hampshire bill was introduced by Rep. Keith Ammon, a Republican representing the 40th District, according to Satoshi Action Fund CEO Dennis Porter. The New Hampshire bill does not explicitly mention Bitcoin, instead referring to “digital assets.” Porter said this is a way for state lawmakers to advance legislation without causing political friction. On…
Litecoin (LTC) “LTC is now on Solana,” the hacker wrote in a now-deleted and grammatically incorrect post. This post contains a Pump.fun link to the contract address and fraudulent tokens.In an update, the Litecoin team said it had regained control of the account and that the hack was caused by a compromised delegation account that has since been removed.A series of account hacks have occurred on X in recent months, promoting fake tokens or phishing links designed to steal funds and sensitive data.source: Litecoinrelevant: Hackers Compromise 15 X Accounts and Earn $500,000 in Fake Memecoins: ZachXBTX account hacking is on…
just alvin January 10, 2025 06:26 THORChain’s 2024 year-end report highlights key developments, including new integrations, liquidity changes, and strategic upgrades to improve the efficiency and security of the network. THORChain, a decentralized liquidity protocol, has released its comprehensive 2024 year-end and fourth quarter report detailing the significant developments and strategic changes that have occurred over the past year. According to Nine Realms, the report presents a series of key indicators and developments aimed at improving the efficiency and security of the protocol. Key indicators and financial overview During the fourth quarter of 2024,…
james ding January 10, 2025 07:26 The Hong Kong Monetary Authority plans to conduct a bidding for 10-year HKD HKSAR institutional government bonds on January 15, 2025 at an annual interest rate of 3.84%. The Hong Kong Monetary Authority (HKMA), on behalf of the Hong Kong Special Administrative Region Government (HKSAR Government), has announced a tender for 10-year HKD institutional government bonds. The tender, which is part of the Infrastructure Bond Program, is scheduled to take place on Wednesday, January 15, 2025, with settlement expected the following day, according to the Hong Kong Monetary…