Algo is down 10.5% in the last 24 hours. Algorand’s active addresses surged 300%. Over the past month, Algorand (ALGO) has seen a huge rise, reaching a high of $0.6133. However, in the last 48 hours, the altcoin price fell to a low of $0.459. In fact, at the time of writing, Algorand was trading at $0.475. This is a 10.5% decline over the last 24 hours. Prior to this drop, ALGO was up 66.51% on the weekly chart and 318.99% on the monthly chart. According to IntoTheBlock, this surge over the past month is due to increased adoption and…
Author: Crypto Flexs
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Tony Kim December 5, 2024 11:27 Bitcoin’s evolution from a niche computer science project to a global digital asset has been marked by innovation. Take a look at our journey and impact on the world of finance. Bitcoin (BTC)’s remarkable journey from a niche computer science project to a globally recognized digital asset has been marked by groundbreaking innovations and significant milestones, according to blog.bitfinex.com. Designed as a decentralized, trustless, peer-to-peer digital currency, Bitcoin operates independently of traditional financial institutions, backed by blockchain, which ensures transparency and security. From concept to digital gold The…
XRP (XRP) fell 13% in the last 24 hours to trade at $2.30 on December 5, going in the opposite direction of Bitcoin (BTC), which broke the $100,000 mark. The decline is part of a correction that began on December 3, with the price of XRP losing 25% of its value since reaching a multi-year high of $2.90. XRP/USD daily chart. Source: Cointelegraph/TradingViewDue to this decline, XRP’s market capitalization fell 8% to $133 billion over the same period, falling behind Tether USD (USDt) and taking fourth place.Let’s take a closer look at the factors behind XRP’s continued selloff.XRP wipes out…
BlackRock’s iShares Bitcoin Trust (IBIT) surpassed $50 billion in assets under management, reaching the milestone in just 228 days. This is more than 5 times faster than any other ETF in history. For perspective, the previous record holder, BlackRock’s iShares Core MSCI EAFE ETF (IEFA), took 1,329 days to reach the same threshold. according to To Bloomberg Senior ETF Analyst Eric Balchunas.IBIT’s rapid growth coincides with a historic year. bitcoin (BTC). The world’s largest cryptocurrency has broken cryptocurrencies. $100,000 barrier It closed at $103,000 for the first time on Wednesday after rising more than 140% in 2024.IBIT’s performance signals growing…
XRP (XRP) fell 13% in the last 24 hours, trading at $2.30 on December 5, and is going in the opposite direction of Bitcoin (BTC), which finally broke the $100,000 mark. The decline is part of a correction that began on December 3, which saw the price of XRP lose 25% of its value after reaching a multi-year high of $2.90. XRP/USD daily chart. Source: Cointelegraph/TradingViewDue to this decline, XRP’s market capitalization fell 8% to $133 billion over the same period, falling behind Tether USD (USDt) in fourth place.Let’s take a closer look at the factors behind XRP’s continued selloff.XRP…
Bitfinex releases version 1.107 with new updates and bug fixes to improve user experience on its trading platform. (Read more)
Telcoin aims to become the first regulated cryptocurrency bank and stablecoin issuer. Telcoin’s Digital Asset Depository Charter hearing is scheduled for December 5, 2024. Telcoin Bank charter approval is expected in early 2025 following a hearing. Telcoin, Inc. is set to hold a pivotal hearing on its application to become the first regulated digital asset bank in the United States. The hearing, scheduled for December 5, 2024, will be an important step in the company’s efforts to secure a digital asset depository charter under the Nebraska Financial Innovation Act (LB 1074, 2024). The public hearing is scheduled for 9 a.m.…
Jessie A. Ellis December 4, 2024 22:09 Uniswap (UNI) Labs has partnered with Fireblocks to enable financial firms to leverage DeFi through Uniswap’s trading API to provide high liquidity and competitive pricing. Uniswap (UNI) Labs announced a strategic partnership with Fireblocks in a significant move to expand the reach of decentralized finance (DeFi) to institutional investors. According to Uniswap Protocol, the goal of this collaboration is to provide asset managers, hedge funds and other financial institutions with direct access to the deep liquidity and competitive pricing of the Uniswap Protocol through the Fireblocks platform.…
An analyst known as the ‘master trader’ of cryptocurrency exchange Bybit believes that altcoins running on the Ethereum (ETH) network are ready to take center stage. Pseudonymous analyst Bluntz told his 301,800 followers on social media platform Bluntz uses Elliott Wave theory, a technical analysis approach that states that bullish assets often witness five-wave rallies. Blunts says: “There was a big breakout in LINK today. All you have to do is take a look at LINK/BTC before realizing that it’s probably not too late and it’s still too early. It has underperformed pretty much everything throughout the bull market and…
Long-collapsed cryptocurrency exchange Mt. Gox transferred more than 24,000 bitcoins worth about $2.47 billion to an unknown address on December 5 after the cryptocurrency reached the $100,000 milestone. I moved it.According to Arkham Intelligence data, the exchange moved 24,051 Bitcoin (BTC) to an unknown address starting with “1N7j” at 2:45 a.m. UTC on December 5 in its first transfer since November 12.Mt. Gox’s move came just 12 minutes after Bitcoin surpassed $100,000 and less than 30 minutes before Bitcoin hit a high of $104,000 on Coinbase at 3:08 a.m. UTC, according to TradingView.After going bankrupt in early 2014, Mt. It…