Circle's USD Coin (USDC) witnessed remarkable growth in 2024, with its circulation increasing by 78% year-over-year, according to a report shared by the stablecoin's issuer.
Brazilian neobank Nubank has launched a fixed 4% annual return for USDC holders, making the feature available to all crypto wallet users.
Spot Bitcoin exchange-traded funds in the United States recorded their fourth consecutive day of outflows on Jan. 14, while Ethereum ETFs shifted to inflows. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $209.
The entertainment giant Sony has taken a major step in the blockchain universe with the official launch of Soneium, its Layer 2 platform on Ethereum. After four months of successful testing that attracted over 14 million users and processed 47 million transactions, this initiative marks a turning point in the adoption of blockchain by entertainment giants.
AAVE could be on the verge of a sizable recovery after last week's bearish performance. Demand is making a comeback with whales at the forefront.
After Monday's drop, Ethereum (ETH) fell below key support levels and hit its lowest price since November. Nonetheless, several market watchers remain bullish, predicting a massive rally for the cryptocurrency this quarter.
Historically, Tether's USDT has dominated the cryptocurrency market as the primary source of crypto liquidity. However, data cited by on-chain tools have noticed an apparent shift in trader preferences as USDT loses some of its market grip to Circle's USDC and Binance's FDUSD.
After consolidating along the resistance for a week, the XRP price broke the range and rose above the resistance at $2.68. Meanwhile, the bears try hard to restrict the levels below the 2024 highs at $2.9 but after a small consolidation, the token is believed to secure fresh highs.
A wallet believed to belong to Donald Trump's family crypto venture World Liberty Financial has been involved in a series of recent transactions according to onchain data from Arkham Intelligence.
In a recent social media post, market expert VirtualBacon shared seven key predictions that could shape the cryptocurrency landscape in 2025. Central to these predictions is the assertion that Ethereum (ETH) may outshine Bitcoin (BTC) in terms of performance, even as Bitcoin continues to hold a dominant position in the market.
Ethereum price started a minor recovery wave above the $3,120 zone. ETH is rising and facing hurdles near the $3,240 zone.
The project said it was 'making routine movements of our crypto holdings as part of regular treasury management.'
Brazil-based digital bank platform Nubank is rolling out a new feature to all its crypto users. The bank will offer rewards for holding the digital dollar USDC.
With its price falling below the crucial 200 EMA, Shiba Inu has had a wild ride lately. Traders were alerted by this move because it implied a possible move into bearish territory.
The adoption and use of USDC, a widely used stablecoin issued by Circle, saw substantial growth in 2024, as highlighted in the company's latest report.
The current market action of Ethereum has generated significant interest, especially among its large investors. A whale liquidated 10,070 ETH, resulting in an approximate loss of $1 million.
In 2024, USDC circulation increased tremendously, with a 78% rise year-over-year. The rise indicates an increase in adoption and use cases.
The $3.4k resistance zone needs to be reclaimed before swing traders can adopt a bullish bias.
SEC Chair Gary Gensler said the agency has "never said" that bitcoin and Ethereum are securities during a Yahoo Finance interview.
USD Coin (USDC) surpassed $20 trillion in cumulative transaction volume in 2024, according to a report published by Circle. In November 2024 alone, USDC recorded $1 trillion in monthly transaction volume.
Cryptocurrency markets are seeing gains across the board despite ongoing ETF outflows, indicating underlying strength in the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,344.48 +4.7% Ethereum (CRYPTO: ETH) $3,201.80 +6.2% Solana (CRYPTO: SOL) $186.30 +5.2% XRP (CRYPTO: XRP) $2.65 +7.9% Dogecoin (CRYPTO: DOGE) $0.3527 +8.6% Shiba Inu (CRYPTO: SHIB) $0.00002138 +5.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 34.7% and daily active addresses up by 4.5%.
The supply of USDC grows through partnerships with traditional financial operators. Solana also plays a role for USDC adoption for the new wave of users drawn in by meme tokens.
Moderate optimism in Ethereum derivatives data fails to boost short-term investor confidence.
XRP (CRYPTO: XRP) has gained 16% over the past week, fueled by growing confidence in Ripple's legal battle and the anticipated launch of XRP ETFs. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.67 $153.7 billion +9.8% +16.2% Bitcoin (CRYPTO: BTC) $96,573.27 $1.9 trillion +5.4% -0.5% Ethereum (CRYPTO: ETH) $3,217.65 $387.6 billion +7.4% -6.2% Trader Notes: Crypto chart analyst Ali Martinez sees XRP as one of the most bullish setups after a successful retest of the breakout zone.
The crypto market's squeeze continues, with assets recording double-digit exits. Bitcoin (BTC) and Ethereum's (ETH) outflows have shaped other assets, heightening sell pressures in the second week.
The cryptocurrency market has experienced heightened volatility, with several prominent coins such as Stellar (XLM), Solana (SOL), and Ethereum (ETH) showing signs of weakness. These assets have recently faced critical support levels breaking down, raising concerns about their future performance.
Ethereum (ETH) has been trading within a broad consolidation range of $2,800 to $4,000 for nearly 10 months, signaling a phase of market indecision.
The price of Ethereum (ETH) fell to a low of $2,941 but recovered above the $3,000 support. Cryptocurrency price analysis brought by Coinidol.com.
Litecoin saw the largest number of transactions, followed by Bitcoin and Ether.
TL;DR USDC saw a 78% increase in circulation, reaching over 500 million users worldwide. The coin has been adopted across 16 blockchains and has facilitated transactions worth over $850 billion between fiat currencies.
Leading altcoin Ethereum (ETH) has traded below $3,500 for seven days, mirroring a broader bearish sentiment across the cryptocurrency market. Since it recorded an intraday high of $3,744 on January 6, the coin's value has plummeted by 13%.
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Astar Network partners with Sony Block Solutions Labs to integrate with Soneium Mainnet, enhancing interoperability and scalability within the Ethereum ecosystem.
Per the report, Circle's USDC has bridged over $850 billion between fiat currencies and is now supported on 16 blockchains.
USDC's massive growth in 2024 marked the stablecoin's steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.
Banking giant JPMorgan forecasts significant investments in Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) exchange-traded funds (ETFs) if they receive approval. The report, shared on Jan. 13, suggests these ETFs could outperform Ethereum (CRYPTO: ETH) ETFs in their initial six months.
Ethereum has displayed bearish signals after breaking below its 100-day moving average, underscoring increased selling activity. However, the 200-day MA, acting as the buyers' last defense, still holds, offering hope for a potential rebound.
Ethereum (ETH) has dropped nearly 30% since December 16, 2024, due to Bitcoin's (BTC) crash under $90K on Monday. The sudden collapse in BTC and the broader crypto market seems to have created an opportunity for whales to accumulate.
TL;DR The crypto market rebounds significantly, with Bitcoin surging back to $96,000 after a dramatic dip below $90,000. Ethereum and Dogecoin also see impressive gains, with Ethereum climbing to $3,184.61 and Dogecoin rallying over 8.75% to $0.346. The overall crypto market cap rises by 5.40% to $3.32 trillion, fueled by cooling U.S.
Sony, the electronics giant with $73 billion in yearly revenue, announced their ethereum L2 Soneium has launched its mainnet today.
The net outflow from the US spot Ethereum ETFs on Monday was about $39 million amid slow network growth.
Historically, the first quarter of the year is always bullish for ETH, but there's one caveat this time.
The cryptocurrency market reached significant milestones in 2024. With mainstream appeal steadily rising on account of increased accessibility through Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) and a favorable political climate, the wider market went into a bull run in the last quarter of the year.
Bitcoin (BTC) briefly plummeted below $90,000 on Monday, ringing alarm bells among investors as markets panicked. However, it quickly rebounded from this level to reach $92,500 and then climbed to its current level of $95,400.
Not everyone, however, agrees that today's rebound is sustainable.
Ethereum zählt nicht umsonst zu den wichtigsten Kryptowährungen der Welt. Die aktuelle Nummer 2 der Kryptowelt punktet vorwiegend mit seinen Anwendungen für ein dezentralisiertes Finanzwesen.
Over de afgelopen week gezien, is de Ethereum koers met 13,34% gedaald. Hiermee kwam het gister onder de psychologische grens van $3000.
The latest weekly report from CoinShares, a leading European digital asset investment firm, sheds light on the ongoing fluctuations in the cryptocurrency market. Despite Bitcoin continuing to lead in terms of inflows, Ethereum has faced a major setback, recording significant outflows.