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Despite recent market turmoil, major Bitcoin ETF issuers are acquiring large amounts of BTC, suggesting confidence in future demand and potential market stabilization.
Solana faces intense bearish pressure, plunging below support with strong downtrend signals from Ichimoku and BBTrend. A retest of February lows looms unless momentum shifts fast.
As traditional markets show clear signs of an impending recession, the crypto space is not immune from damage. Liquidations are surging as the overall crypto market cap mirrors declines in the stock market. Even though the source of these problems is localized to the US, the damage will have global implications. Traders are advised to …
Bitcoin Futures have surged past $100 billion in open interest, showing strong activity from institutional and retail traders. Whales are increasingly taking short positions even as Bitcoin trades above $85,000, diverging from retail sentiment. Altcoin markets are seeing reduced long interest from whales with XVG and ALICE being rare exceptions showing bullish positions.
Wormhole enters April at a crossroads, with weakening momentum and a looming token unlock adding pressure. Traders eye $0.089 as the breakout pivot in an uncertain landscape.
- 22:32BUILDon officially rebrands as BUILDON GALAXY, with the first Launchpad of the USD1 ecosystem set to go live soonBUILDon has officially rebranded as BUILDON GALAXY and announced the upcoming launch of the first Launchpad in the USD1 ecosystem. The platform will focus on high-quality projects, offering rigorous screening, multi-chain deployment, flexible launches, and ongoing market support, injecting new momentum into the USD1 ecosystem.
- 21:42USDC Usage on Ethereum Hits Record High with 21.7 Million Transactions This QuarterAccording to a report by Jinse Finance, citing Cointelegraph, USDC usage on Ethereum has just reached a new record, with a total of 21.7 million transactions this quarter and a transfer volume of $1.77 trillion.
- 21:21Bitcoin Mining Heatmap Shows the US Temporarily in the Lead, but Russia Is Growing RapidlyAccording to a report by Jinse Finance, data from hashrateindex.com’s global Bitcoin mining heatmap shows that the United States currently has a hashrate of 323.4 EH/s. Although its share has slightly declined, it still maintains a leading position in overall hashrate. Russia’s share has increased by 6.12%, surging from 15.652% to 16.61%, and it now holds a raw hashrate of up to 150 EH/s, ranking second. China’s share has risen slightly from 13.727% to 13.84%, with a current hashrate of 125 EH/s, ranking third. Paraguay accounts for 3.87% of the global total, equivalent to 35 EH/s, while the United Arab Emirates (UAE) holds a 3.54% share, with a hashrate of about 32 EH/s.