Crypto news
The crypto market has once again come under scrutiny after the stablecoin supply hit an all-time high (ATH). According to XWIN Research Japan on CryptoQuant, the figure has now surpassed $160 billion, a record that is not only a statistical record but also a sign of the readiness of large capital that could at any…
Bitcoin Cash (BCH) is under pressure this week, moving in line with the broader market downturn. The coin has dropped nearly 5% over the past 24 hours, reflecting the same weakness seen across most major cryptocurrencies. At the time of writing, BCH is trading at $566.20. Its daily trading volume stands at $337.59 million, while…
Japanese company Lib Work Co. has officially announced its intention to purchase 500 million yen, or approximately $3.4 million, worth of Bitcoin (BTC) by 2025. This decision is part of the company’s strategy to address inflation risks and pave the way for overseas expansion. Japanese companies are turning to Bitcoin Lib Work’s move joins a…
An anonymous Bitcoin whale suddenly bought $792 million worth of BTC. Such a large sum is certainly not small, especially just moments after the market was hit by a wave of liquidations of over $1 billion. This buying spree occurred just after the release of US producer inflation data for July, which came out hotter…
Arbitrum (ARB) is showing positive signs of upward momentum and holding strong above its crucial support level. Recently, ARB faced a sharp pullback along with the overall market. This dip appears temporary, and ARB has started climbing again. The market has faced turbulence recently and experienced a sharp pullback, but it is now beginning to…
XRP is showing renewed momentum in the crypto market as several leading altcoins post steady gains. Currently, XRP is trading at $3.11 and faces a pullback along with the market, reflecting a 4.02% drop over the past 24 hours but marking a 1.53% increase for the week so far. Trading remains active, with XRP recording…
