Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms

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Sui (SUI) has outperformed the broader market, climbing more than 16%, likely fueled by Grayscale’s announcement of the Grayscale Sui Trust. Bitcoin (BTC) also saw significant gains, surpassing $58,000 during Asian trading hours, driven by a rally in U.S. tech stocks and positive movements in Asian equities. Despite this upward momentum for Bitcoin, U.S. spot […]

Bitcoin Bargain Hunters Active on Kraken and Coinbase, CCData Shows

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Bargain Hunters Active on Kraken and Coinbase Amid Market Pressure Bargain hunters are increasingly active on Kraken and Coinbase, taking advantage of perceived discounts on Bitcoin (BTC) as selling pressure from other exchanges continues to weigh on prices. Recent data from London-based CCData reveals that the buy-sell ratios on Kraken and Coinbase have been particularly […]

Crypto scammers target Indian Premier League team to promote Solana token

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Hackers Target Delhi Capitals’ X Account to Promote Scam Token The Delhi Capitals, a prominent cricket team in the Indian Premier League, recently suffered a breach of their X account. Hackers seized control to promote a fraudulent Solana-based token named HACKER to the team’s 2.6 million followers. In the now-deleted posts, the attackers admitted to […]

Solana recorded the highest daily active addresses ever

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Solana’s blockchain has set new records for daily network users. Data from Artemis.XYZ shows that Solana reached an all-time high in daily active addresses, even as the fifth-largest cryptocurrency revisits its lows from earlier this year. As of now, the price of a single SOL coin stands at approximately $136. On September 10, Solana recorded […]

Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst

Bitcoin (BTC) is experiencing a rebound, nearing $58,000 as the crypto market recovers from last week’s decline. The largest cryptocurrency is up 1.7% over the past 24 hours and has risen nearly 10% since hitting a low last Friday. Other cryptocurrencies, including Ether (ETH) and Solana (SOL), have also seen gains of about 1.5%. Amid […]

Pi coin launch date is hard to predict: here’s why

Hopes for a Pi coin launch in 2024 are waning as concerns mount over the KYC verification process, falling cryptocurrency prices, and the absence of a robust ecosystem. The Pi Network’s IoU token has seen a dramatic decline, dropping over 75% from its peak earlier this year and now trading at its lowest levels since […]

Japan’s Metaplanet boosts Bitcoin reserves to nearly 400 BTC

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Japanese investment firm Metaplanet is intensifying its Bitcoin accumulation strategy, recently purchasing ¥300 million (approximately $2 million) worth of Bitcoin. This latest acquisition of over 38.4 BTC brings its total holdings to more than 398.8 BTC, valued at around $22.7 million based on current market prices. Metaplanet, which adopted Bitcoin as a reserve asset earlier […]

Bitcoin Retakes $57K, but Potential Positive Catalysts Are ‘Sparse,’ Says NYDIG

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Bitcoin is experiencing a notable rebound on Monday, trading just above $57,000 and marking a 5% increase in the past 24 hours. This recovery follows a rough start to September, during which the price dipped below $53,000. Bitcoin’s performance has outpaced the broader market, with the Index gaining 4.2% and U.S. stocks, including the Nasdaq […]

Bitcoin reaches $55k as exchange net flows plunge

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Bitcoin has rebounded to the psychological $55,000 level, gaining 0.9% in the last 24 hours, despite recent bearish sentiment that briefly pushed it down to an intraday low of $53,650 on September 8. The leading cryptocurrency is currently trading at $55,000, with a notable increase in daily trading volume, which rose by 33% to reach […]

Bitcoin ‘Grossly Undervalued’ at Current Prices, Traders Say Ahead of CPI, Trump-Harris Debate Week

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Bitcoin remained relatively stable over the weekend, trading between $54,000 and $55,000. This stability followed a significant liquidation of crypto long positions after a U.S. jobs report suggested a weaker labor market. This week is packed with events that could impact the market, including a highly anticipated Presidential debate and the release of key U.S. […]