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Also Read: Ripple Legal Chief Have A Tip For “Bears” On Crypto Rules advertisement Bitcoin Price Rally To Continue? According to the Coinglass data, more than 61.6k traders have been liquidated in the last 24 hours. While the cumulative long and short crypto liquidation breached the $216 million mark. However, the biggest liquidation order XBT/USD valued at $9.30 million got executed on the Bitmex crypto exchange. As the Bitcoin price breached the $30,000 level, over $158 million worth of short positions set by the traders got liquidated in the last 24 hours. The liquidated short positions turn out to be 73% of the cumulative $216 million liquidation. This suggests that traders were hoping BTC price to drop after the recent rally. Bitcoin price is by more than 20% in the last 7 days. However, Its price surged by over 4% in the last 24 hours breaching the vital $30k level. As per CoinMarketcap, Bitcoin price touched the $30,628 mark on Thursd...

Join Our Telegram channel to stay up to date on breaking news coverage Changpeng Zhao, the CEO of Binance, expresses his support for EDX, a new cryptocurrency exchange that has received backing from major financial firms such as Citadel Securities, Fidelity Investments, and Charles Schwab. Binance’s CEO expressed his applause for the progress made in times of regulatory scrutiny in one of his now-deleted tweets, stating that increased competition in the cryptocurrency market is a positive development. “Impeccable timing. But the more the merrier.” Launch of EDX On Tuesday, EDX was introduced with the goal of offering “a special, noncustodial model intended to mitigate conflicts of interest.”  Additionally, the platform “introduced a retail-only quote to the cryptocurrency markets, allowing participants the benefit of better pricing for retail-originated orders,” and anticipates releasing EDX Clearing later this year “to set...

Bitcoin’s (BTC) price reaches a six-week high as data shows that the number of long-term holders — including lost wallets — advances to a new all-time high (ATH). The asset’s price has been tumbling over the past month, especially when the US Securities and Exchange Commission (SEC) took legal action against Binance and Coinbase. On June 5, the BTC price took a deep dive from $26,750 to $25,500 after the FUD, compelled by the SEC, emerged. You might also like: Asset manager WisdomTree files bitcoin ETF application However, data provided by the market intelligence platform Santiment shows that the social volume of the top cryptocurrencies has exploded with a $222 billion trading volume over the past week. Powered by #Bitcoin's jump back above $28.8k & #Ethereum's return above $1,820, price pumps are being seen market-wide. Based on @santimentfeed's coverage of 2,648 #crypto assets, volume is 30.2% higher than the past week & discussion rates are up bi...

A handful of countries have expressed interest to join the BRICS alliance and accept the new currency for cross-border transactions. The BRICS expansion to BRICS+ will be jointly decided by the bloc in the next summit in South Africa in August. If the alliance expands to BRICS+, its GDP could surpass the United States GDP by more than $7 trillion. The U.S. GDP stands at $25.5 trillion according to the latest estimates published in 2022. The GDP is forecasted to touch a new high of $26.854 trillion in 2023. The United States s the world’s biggest economy with China coming at a distant second at $19.37 trillion. The alliance of BRICS nations also contributes 31.5% of the overall global GDP. Also Read: BRICS Bank That Was Built To Challenge U.S. Dollar Now Needs USD BRICS+ GDP To Reach $32.66 Trillion, Much Ahead of the U.S. Source: Alan Santos / PR / Wikipedia Commons BRICS is an acronym for Brazil, Russia, India, China, and South Africa. The GDP of the BRICS nations currently stands at ...

SHIB price struggles to break resistance, and bears take control. Negative momentum threatens to test the SHIB price support level. Indicators project buyers are gaining control, pointing to potential trend reversal for SHIB. Despite a 19.73% rise in the 24-hour burn rate, positive momentum in the SHIB market dissipated after failing to breach the 24-hour high of $0.000007309. As a result, bears took control of the market, driving the SHIB price to an intra-day low of $0.000007071, where support was established. HOURLY SHIB UPDATE$SHIB Price: $0.00000717 (1hr 0.06% ▲ | 24hr -0.84% ▼ ) Market Cap: $4,228,973,421 (-0.58% ▼) Total Supply: 589,350,704,822,190 TOKENS BURNT Past 24Hrs: 14,975,587 (19.73% ▲) Past 7 Days: 40,033,143 (-88.19% ▼) — Shibburn (@shibburn) June 20, 2023 The bearish influence was still in action at press time, resulting in a 1.69% drop to $0.000007164. During the bull-bear struggle, the SHIB’s market capitalization fell by ...

Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon. On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced out flows totaling $5.1 million last week. The out flows contributed to the continuation of a nine-week streak of out flows , resulting in a cumulative total of $423 million. Weekly crypto asset flows. Source: CoinShares The report noted that despite this downward trend, there was a glimmer of hope toward the end of the week, as news emerged that BlackRock, one of the world’s largest asset managers, had submitted an application for a Bitcoin (BTC) exchange-traded product (ETP) in the United States. This development resulted in minor inflows; however, they were not significant enough to offset the earlier outflows observed during the week. As a consequence, the streak of outflows persisted. Examining the regional breakdown, the ...

On-chain data indicates that bitcoin (BTC) and ethereum (ETH) have observed negative exchange net flows in the past week, contrasting the positive net flow witnessed with tether (USDT).  Amid this trend, the bitcoin supply last active in the past ten years has hit an all-time high value. These metrics suggest a notable decrease in selling pressure across the market and a looming accumulation pattern. Glassnode, a renowned on-chain analytics resource, shared crucial insights into these trends in a series of tweets today, providing valuable information about investor sentiment and market dynamics. Weekly On-Chain Exchange Flow #Bitcoin $BTC ️ $6.5B in ️ $6.9B out Net flow: -$397.9M#Ethereum $ETH ️ $2.7B in ️ $3.8B out Net flow: -$1.1B#Tether (ERC20) $USDT ️ $7.6B in ️ $7.3B out Net flow: +$318.1Mhttps://t.co/dk2HbGwhVw — glassnode alerts (@glassnodealerts) June 19, 2023 The data reveals that BTC saw a net outflow of $397.9 million during the past week. This indi...

Tyler Winklevoss, the co -founder of Gemini, a cryptocurrency exchange compliant with New York rules, has criticized the Securities and Exchange Commission (SEC), saying that while the regulator has filed legal actions against prominent cryptocurrency exchanges, including Binance, Coinbase, Gemini, and Kraken, alleging non-compliance with security laws, it has gone ahead and approved, Prometheum, a lesser known crypto exchange. Tyler, analysts skeptical on Prometheum During his evaluation, he noticed that Prometheum has been operational for over six years but has yet to release any products. This has caused concerns about their progress and capability to fulfill their commitments. Moreover, the platform has employed several ex-SEC and Financial Industry Regulatory Authority (FINRA) staff members, which some view as an uncommon occurrence. Another aspect that has raised eyebrows is the hiring of a chief technology officer (CTO) by Prometheum, who is reportedly based in the Isle of ...

Join Our Telegram channel to stay up to date on breaking news coverage South Korea’s security token market is about to explode, with forecasts saying it’ll hit $287 billion by 2030. In addition to highlighting the country’s progressive approach to security tokens, it illustrates the immense potential for transformative financial opportunities.  Within the next decade, South Korea will be a major powerhouse in the global security tokens arena as regulatory frameworks solidify and investor confidence grows. South Korea’s Vision for $287B Market by 2030 Captivates Banks In 2030, the South Korean financial industry believes the security token offerings (STOs) market will be worth $287 billion. Commercial banks in the country are showing interest and actively considering joining this market.  Over the next decade, the domestic security token market will grow to $27 billion, according to Hana Financial Group’s Management Research Institute. Recent gove...

Join Our Telegram channel to stay up to date on breaking news coverage Decentraland, the popular 3D virtual world on-chain browser-based platform, has partnered with Polygon Labs, the team behind an Ethereum scaling solution network, to host their annual non-fungible token music festival in the metaverse. Polygon To Host Its Music Festival In The Metaverse In a June 16 site publication, Polygon Labs, a digital asset incubation studio, confirmed ready plans to host its annual music festival this Saturday. Polygon Labs has partnered with Decentraland to host the NFT music event in the mataverse this week. The highly anticipated music festival will bring together more than fifteen music producers and artists in the metaverse and fuse them with more than 5 million meterverse users globally. While commenting about the annual music festival, Polygon wrote: “Immerse yourself in an electrifying celebration of music, where the melodies crafted by a multitude of extraordinary art...

Join Our Telegram channel to stay up to date on breaking news coverage RefundCoin (RFD) is relatively new to the cryptocurrency market, but it has already garnered the attention of investors and crypto enthusiasts. Blurr.Eth, a well-known cryptocurrency investor with a net worth in the nine-figure range, is behind this new digital currency. RefundCoin (RFD): Where financial safety and simplicity converge A new project called RefundCoin (RFD) is getting a lot of attention in the market. Blurr.Eth, a well-known OG whale from 2017, is in charge of the project. His wallet is known all over Twitter as a top whale and for selling his #9998 Punk for 124k ETH in a wash sale. To celebrate the 6 Year anniversary of Cryptopunks, We are launching a new coin! $PUNK. The Presale is now live and will stay open for 24H from this tweet. To secure your $PUNK presale tokens.. Send eth to – punkpresale.eth 0x03eeddac0bca34Ed99206Ca1011072999e55469d No… pic.twitter.com/AP52rJcA...