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“# OpenSea competitor LooksRare exceeds $394M in sales ” Daily volume on NFT marketplace LooksRare has already exceeded $394 million following the platform’s official launch on Jan. 10. The platform was able to bring in this customer base by offering only 2% fees on basic sales and zero fees on private sales, compared to competitor…
“# The expanding Cosmos: Here’s why Osmosis (OSMO) hit a new all-time high ” Crypto assets within the Cosmos ecosystem have been on a run since the start of 2022, thanks to an intensified focus on brokering cross-chain compatibility with other blockchains. One decentralized finance (DeFi) protocol that has benefited from the current expansion plans…
“# Price analysis 1/12: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE ” Bitcoin (BTC) and most major altcoins appear to have started a relief rally. Glassnode data suggests that Bitcoin addresses with a non-zero balance have risen to about 40 million, indicating increasing adoption by retail traders. Edelman Financial Engines founder Ric…
“# Anyswap, Keep3rV1, WEMIX follow Bitcoin’s move to $44K with double-digit rallies ” The cryptocurrency community is back in high spirits on Jan. 12 after a majority of tokens in the top 200 flashed green following Bitcoin’s (BTC) spike to $44,000. The return of bullish momentum has come as a boon to several altcoin projects, with…
“# Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’ ” Bitcoin (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback. In a Twitter discussion on Jan. 12, data analyst…
“# Bitcoin funding rates stay negative as BTC price spikes to $43.5K ” Bitcoin (BTC) surged almost $1,000 in minutes on Jan. 12 as encouraging signs emerged from exchanges. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $43,468 Wednesday, its highest since Jan. 6. The pair had…
“# Bitcoin exchange outflows see biggest daily spike since September 2021 ” Bitcoin (BTC) investors are voting with their wallets as one-day outflows from major exchanges near 30,000 BTC. Data from on-chain analytics firm CryptoQuant shows that on Jan. 11, 29,371 BTC left exchange order books — the most since Sep. 10. The four-month high…
“# Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode ” New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling. Analyzing its miner net position change indicator on…
“# eToro rolls out smart portfolios for new metaverse investors ” Brokerage firm eToro introduced MetaverseLife, a new smart portfolio covering stocks and crypto-assets from within the growing metaverse industry, on Tuesday. The company stated that its goal is to offer a diverse range of investments made for long-term exposure. Currently included in the portfolio…
“# Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price ” Bitcoin (BTC) price made a quick pop above $43,100 in the U.S. trading session but uncertainty is still the dominant sentiment among traders on Jan. 11 and bulls and bears are split on whether this week’s drop to $39,650…