The crypto ecosystem has experienced a significant influx of funds from institutional investors, according to data from CoinShares. In its weekly report, CoinShares revealed that the overall inflow into the crypto market reached $1.1 billion, bringing the year-to-date flow to $2.7 billion.
Dogecoin (DOGE), once celebrated for its unexpected rise from a meme to a major digital asset, has fallen out of the top 10 cryptocurrencies by market capitalization.
Cardano, the eighth-largest cryptocurrency by market capitalization, has recently gained traction, with bulls pushing the ADA price to a six-day high of $0.566 on Feb. 11. Although ADA prices have retreated, the cryptocurrency is still up 7% weekly.
Dogecoin (DOGE) is experiencing a decline in its market performance, with several key metrics sliding backward over the past week. The current price of Dogecoin has dropped by 3.14% to $0.07998, reaching a low of $0.07964 overnight. This decrease in price has resulted in Dogecoin being removed from the top 10 list of cryptocurrencies by market cap, a demotion that has not occurred in over a year.
BoneShibaSwap (BONE), a Shibarium gas token, has seen an increase in netflows over the last 24 hours.
A substantial amount of Solana (SOL) worth approximately $10.5 million was recently transferred to the Binance exchange, catching the attention of cryptocurrency enthusiasts and investors. The transaction, involving 99,999 SOL, was highlighted by Whale Alert, a popular service that tracks significant blockchain transactions.
Cardano has experienced an unprecedented surge in fund inflows, with a staggering 1,016% increase in ADA-oriented investment products within just one week. According to a report by CoinShares, Cardano saw an influx of $6.1 million, propelling it into the spotlight as one of the top contenders in the cryptocurrency market.
As the Ethereum network continues to evolve, its native asset is gaining traction on the market. The price of Ethereum has been steadily increasing, with the possibility of reaching the $3,000 mark.
According to CoinStats, most coins are experiencing an upward trend on the last day of the week. Bitcoin (BTC) has seen a 1.72% increase in price since yesterday, reaching a level close to $49,048. However, traders should closely monitor the candle closure, as a dip below yesterday's peak could indicate a correction to the nearest support zone at $46,000. At the time of writing, Bitcoin is trading at $48,122.
In the past 12 hours, Ripple, the cross-border crypto remittances company, and its associated cryptocurrency XRP have been involved in significant transaction activity. A staggering 100 million XRP, valued at almost $52.6 million, was transferred from an unknown wallet to Ripple, according to reports from Whale Alert.
Bitcoin's (BTC) price has garnered significant attention recently as it edges closer to the $50,000 mark, driven by a bullish weekly divergence. Top crypto analyst Michaël van de Poppe took to X (formerly Twitter) to highlight Bitcoin's impressive trajectory, noting its recent break above the $48,000 barrier.
According to CoinMarketCap, the cryptocurrency market experienced a decline in prices. Bitcoin (BTC) decreased by 1% over the last 24 hours, Ethereum (ETH) fell by 1.72%, and XRP declined by 2.88%.
A cryptocurrency investor recently achieved a remarkable feat by earning approximately $13.5 million in profits within just four days through strategic Bitcoin transactions. This impressive accomplishment has caught the attention of industry experts and analysts.
As the countdown to Bitcoin's next halving ticks below 10,000 blocks, crypto investors and traders are getting ready for a volatility surge. The halving, a scheduled event that slashes the reward for mining new blocks in half, is a fundamental economic mechanism designed to introduce scarcity into Bitcoin's tokenomics. Historically, these periods have catalyzed significant bullish runs, and this time around, the question on every investor’s mind is whether BTC will break the elusive $50,000 mark.
The Ethereum ecosystem is facing a reality check as the innovative ERC-404 sector on Ethereum experiences a substantial drop. In the past 24 hours, the market capitalization of ERC-404 tokens has plummeted by 29%, with tokens like PANDORA sliding over 15%, DEFROGS tumbling over 22% and RUG collapsing by a staggering 38%.
Recent data from CoinGlass shows a significant increase in XRP derivatives trading, with a 68.2% surge observed over the past 24 hours, totaling $867.89 million. CoinMarketCap's data also reveals a 24-hour spot market volume for XRP reaching $837.35 million, pushing the combined trading volume for XRP beyond the billion-dollar mark.