Amid the broad uptick in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase this past week. NFT sales managed to rake in $ 92.95 million this week and Ethereum and Bitcoin NFT sales led the way. Digital Collectibles Spike in Activity as Ethereum and Bitcoin Top the NFT Charts NFTs enjoyed …
Digital asset investment products have seen substantial outflows totaling $ 600 million, marking the most significant withdrawal since March 22, 2024. According to Coinshares and lead researcher James Butterfill, this exodus is attributed to a hawkish Federal Open Market Committee (FOMC) stance, leading investors to reduce their exposure to fixed-supply assets like bitcoin. Coinshares …
On May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $ 60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $ 34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy Liquidations Follow Bitcoin is facing challenges …
The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $ 0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $ …
In recent times, the cryptocurrency landscape has experienced a widespread decline, yet the digital asset bitcoinsv, known for its associations with Craig Wright, has seen the most significant weekly downturn within the crypto sphere, dropping 18.9% versus the U.S. dollar in seven days. This decline in bitcoinsv’s value closely follows the verdict by U.K. Judge […]