If the meeting results in a lower basis point (bps) adjustment, historical trends suggest that BTC’s price may undergo a significant correction. A higher rate cut delivered by the Fed, led by Chair Jerome Powell, should boost Bitcoin’s price. This on-chain analysis explains why any potential gains in the latter…
If these strategic purchases persist, DOGE could recover a significant portion of its losses from the past three months. Here’s how. Dogecoin Bulls Prepare to Inject $50 Million As of this writing, Exchange Onchain Market Depth data reveals that market participants are prepared to buy 500 million Dogecoin coins once…
As the meme coin faces growing pressure, this on-chain analysis explores the sustainability of its current price levels and assesses its short-term outlook. Whales Buy Pepe, Then Pause Data from Glassnode reveals that PEPE’s large holders’ netflow has surged by 108% over the past seven days. Netflow measures the difference…
With LINK’s price already showing signs of resilience, this trend might set the stage for further upward momentum, making it a key cryptocurrency to watch in the coming days. Chainlink Tokens See Massive Exodus According to Glassnode, Chainlink saw a brief surge in tokens sent to exchanges between September 5…
The DLT Science Foundation (DSF) announced the launch of the MiCA Crypto Alliance on Sept. 16, with Hedera, Ripple, and the Aptos Foundation as founding members, according to a statement shared with CryptoSlate. The Markets in Crypto Assets (MiCA) regulation, recently approved by the European Union, aims to create a…
While this ongoing price action presents a bullish opportunity for some short-term investors, it could lead to a bearish scenario for the broader market. Without a clear breakout, Cardano’s price remains under pressure, increasing the likelihood of further declines. Cardano Holders Can Yield Gains Cardano’s Market Value to Realized Value…
This analysis explores why, despite a brief relief last week, the meme coin could be headed for another downturn. Shiba Inu Keeps Struggling Shiba Inu (SHIB) is currently trading at $0.000013, still down 85% from its all-time high. According to Glassnode, SHIB’s Network Value to Transactions (NVT) ratio spiked on…
Crypto investment products experienced a sharp turnaround last week, with inflows reaching $436 million to partly reverse weeks of previous outflows totaling $1.2 billion, according to CoinShares‘ latest weekly report, Despite the influx, ETF trading volumes remained flat at $8 billion, significantly lower than the yearly average of $14.2 billion.…
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices CoinDesk 20 Index: 1,822.90 -3.32% Bitcoin (BTC): $58,779.97 -1.93% Ether (ETH): $2,302.66 -4.24% S&P 500: 5,626.02 +0.54% Gold: $2,580.54 +1.47%…
XRP’s price has been giving mixed signals lately but there is some interesting news on the horizon. Grayscale is set to launch an XRP Trust, which will give accredited investors direct access to XRP. This trust could lead to an XRP ETF in the future, attracting more traditional investors. Matt…