The world of cryptocurrency trading is a complex landscape filled with centralized exchanges (CEXs) that continue to dominate despite the increasing popularity of decentralized platforms. These CEXs offer valuable insights into market sentiment through the monitoring of inflows and outflows of cryptocurrencies. Recently, a concerning trend has emerged with a significant amount of outflows noted
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Robinhood, a popular trading platform, recently made headlines with its announcement of the acquisition of Bitstamp, a global crypto exchange, for approximately $200 million in cash. The move is a strategic one, aimed at expanding Robinhood’s reach and presence in the crypto market. Bitstamp, founded in 2011, operates in various regions across the globe, including
The recent surge in US spot Bitcoin Exchange-Traded Funds (ETFs) has garnered significant attention, with 17 consecutive days of net additions being recorded. On a particularly remarkable Tuesday, these ETFs experienced inflows totaling $886.6 million, marking it as the second-highest single-day influx since their inception. Following this, another substantial day of inflows occurred, reaching $488.1
XRP price has shown a slow upward trend, moving higher above the $0.5200 zone. Currently, the price is facing resistance near $0.5320 and may experience a corrective dip in the short term. Despite attempts to increase above the $0.5250 zone, the price managed to trade above $0.5220 and the 100-hourly Simple Moving Average. There was
Dogecoin, the popular cryptocurrency known for its meme-inspired logo, has been making steady gains in the market. As of now, it has surpassed the $0.160 resistance level against the US Dollar. This upward trend is a positive sign for investors and traders who are closely watching the movement of Dogecoin in the digital asset space.
The XRP price has been in a consolidation phase for the past two months after a brief surge in March that took it to its yearly high of $0.7430. However, recent positive developments and announcements surrounding Ripple, the blockchain payment company associated with XRP, coupled with an intriguing bullish pattern, have sparked speculation of a
Bybit, a prominent cryptocurrency exchange, recently made the decision to remove China from the list of countries whose citizens are restricted from using its services. This surprising move was confirmed by CryptoSlate on June 5, sparking speculation within the crypto community. While countries like the United States, the United Kingdom, Canada, Singapore, and Hong Kong
In a recent report published by Raoul Pal, Co-Founder of Exponential Age Asset Management (EXPAAM), it was revealed that Bitcoin, Ethereum, and Solana have been consistently outperforming traditional assets like Gold. These digital assets have shown annualized returns of 141%, 152%, and 224% respectively, compared to the best traditional asset with an annualized return of
Over the past few days, BNB (BNB) has experienced a breakout from its consolidation range, signaling a potential uptrend in the market. The significant rise of the token above $700 indicates a strong recovery and growing optimism among traders and investors. With a noticeable 12% increase in the last 24 hours, BNB has been on
Bitcoin, the mysterious digital currency, has once again captured the attention of investors as the US banking system faces increasing turmoil. Proponents of Bitcoin argue that its finite supply and decentralized nature make it a stable asset in times of financial uncertainty. They believe that Bitcoin could serve as a safe haven for investors looking