Category : Market Analysis

Emerging markets dominate Chainalysis 2022 Geography of Cryptocurrency Report

The 2022 Global Crypto Adoption Index has released its third report indicating where the market may be heading in 2023. Key highlights from the report: & “DeFi-driven cryptocurrency markets in North America were strong but volatile over t...

Research: Bitcoin futures open interest grows ahead of FOMC meeting

Futures open interest (OI) is the total number of open futures contracts for an asset held by market participants. Open interest on futures contracts for any given asset varies daily, representing the amount of cash flowing into the market. A growing...

Avalanche network records 3.4% growth in Q4 2022

The Avalanche (AVAX) network remained intact and continued its growth through the fourth quarter of 2022, according to recent research from Messari. Several subnet upgrades were launched during this period while the average daily transaction number i...

South America-based exchange volume continues positive trajectory

South America continues to show positive growth month-to-month as exchange volume increases to a total of $8.35 billion. Customer exchange volume in January 2022 by continent: Asia: $606.25B North America: $85.14B Europe: $21.25B South America: $8.3...

Crypto ETPs sees 9000 BTC inflow in January

Bitcoin (BTC) exchange-traded products (ETPs) saw inflows of 6,031 BTC in the past week, according to data shared by Arcane Research’s Vetle Lunde. Lunde said the ETPs recorded a cumulative net inflow of 9,131 BTC over the past month — the high...

Lido’s price decline tied to Jump Trading dumping, analyst says

On-chain analyst Lookonchain has tied Lido’s (LDO) recent sharp decline to crypto company Jump Trading in a Jan. 31 Twitter thread. LDO declined by around 10% on Jan. 27 when Jump Trading started transferring its holdings to crypto exchange Bin...

Bitcoin liquidations in last 24 hours top $160M

The third most significant long Bitcoin (BTC) liquidation of 2023 occurred on Jan. 30, as over $160 million worth of BTC were liquidated in the last 24 hours, according to CoinGlass data. At the time of writing, data shows that a total of $160.69 mil...

Polygon surpasses BNB Chain in daily transactions as MATIC pumps 20% over weekend

Polygon, the Ethereum scaling solution, has surpassed BNB Chain in the number of daily transactions, according to on-chain data analyzed by CryptoSlate. On Jan. 29, BNB Chain recorded 3,007,245 transactions, while Polygon processed 3,066,110 in the...

Bitcoin closes 4 consecutive weekly green candles for first time since August 2021

Bitcoin closed the week strongly with a fourth consecutive green candle for the first time since August 2021. Four weeks of positive momentum during a bear market is extremely rare. The last time printed four consecutive green candles during a bear...

60% of investors believe ETH has better growth potential than BTC – CoinShares survey reveals

Around 60% of investors believe that Ethereum (ETH) has a more compelling growth outlook, according to a survey by CoinShares. As opposed to the 60% siding with ETH, only 30% of the respondents said Bitcoin (BTC) had the most compelling growth outloo...

Bitcoin surpasses $23.5k, approaches $24k

The price of Bitcoin rose above $23,500 at 4 p.m. UTC on Jan. 29. That value brought the asset’s market cap above $452 billion. The change represents a 3.65% increase from the asset’s lowest value today ($22,157). Bitcoin’s price ga...

26 exciting stats about the GameFi industry from 2022

A lot happened in GameFi last year. While Axie Infinity and The Sandbox made the most headlines, several projects unknown to the general public got all the players. While BNB and the Ethereum Foundation became the most influential organizations in th...

Sudden rise in Canto gives some investors pause

Some online are speculating that the rise in Canto price could be attributed to a spike in the volume of Note — the quasi-stablecoin issued by Canto and pegged to USDT/USDC. Recently, some Twitter users have started to speculate that the Layer-1 dece...

Binance is still operating normally despite months of FUD

Toward the end of 2022, the market saw some FUD (fear, uncertainty, and doubt) surrounding the safety and security of Binance, one of the world’s largest and most popular cryptocurrency exchanges. The concerns stemmed from various sources, incl...

25 important stats about the DeFi industry from 2022

On the one hand, DeFi projects had countless hacks and one of the most disastrous collapses in tech/internet history with Terra. Combined with macro conditions, these factors caused the DeFi market to decline significantly, even more than other block...