Market
Welcome to Coin Edition’s landing page for everything related to the Market! On this page, you can find content such as Market News, Market Analysis, and Price Predictions. Coin Edition ensures that our readers are up to date with everything related to the market 24/7 and all over the globe. Staying tuned to the Market is important in the growing blockchain world and it is our responsibility at Coin Edition to compile them all for our readers’ sake. Therefore, let’s dive into the fun, volatile, and often unexpected world of the Blockchain and Cryptocurrency Market here at Coin Edition.
3 On-Chain Metrics for ETH Recently Reached New Milestones
In a series of tweets, glassnode alerts highlighted 3 on-chain metrics for ETH which recently set new milestones. The decrease in the amount of ETH exchange inflow suggests that traders...
Tether Buys 52,670 Bitcoins in Q1, Set To Outpace MicroStrategy
Tether used some of its profits to buy about 52,670 Bitcoins in Q1, 2023. The stablecoin issuer could outpace MicroStrategy if it sustains accumulation strategy and pace. The stablecoin issuer...
Solana’s Daily Active Addresses Are Nearing The 1M Milestone
Step Data Insights tweeted yesterday that Solana is nearing the 1 million daily active addresses milestone. The post shows that Solana gained 600k new daily active addresses in just two...
PEPE One Of The Trending Tokens After A 15+% 24 Hour Gain
Lookonchain recently shared a tweet about the buying habits of a particular PEPE whale. According to the post, the whale had bought 2.24 trillion PEPE, and ended up increasing his...
Rhodium Owes $26 Million to Riot Enterprises; Riot Files Lawsuit
Riot Platforms filed a lawsuit against Rhodium Enterprises claiming that the latter has failed to pay $26 million. Rhodium has been using Whinstone’s mining facilities since 2021 but didn’t pay...
Ripple CLO to SEC: Common Interest Is Not Same as Common Enterprise
Ripple accuses SEC of stretching the Howey test in the legal battle. Ripple’s Chief Legal Officer criticizes SEC’s stance on “common enterprise”. Attorneys attack SEC’s argument on XRP fungibility, comparing...
Recent Data Showed the Impact of Halving Events on BTC’s Returns
Glassnode recently highlighted the consistent growth in BTC’s realized cap over the past few halving events In their post, Glassnode also shared that BTC’s returns have diminished with each historical...
ZkSync Outperforms Polygon in Terms of Total Value Locked
ZkSync has been outperforming Polygon in terms of TVL over the past few weeks. Since the launch of zkSync’s Era and Polygon’s zkEVM, the zkSync ecosystem has been growing rapidly....
Meme Coin Market Crashes 50% from $1B After Traders Take Profit
The meme token market has significantly declined from over $1B to $500M. Dogecoin took the worst hit hardest following the launch of PEPE. SHIB’s daily trading volume has not exceeded...
Solana (SOL) Records Impressive Gains Amidst Market Recovery
SOL was one of the biggest gainers of the top 10 cryptos after a more than 5% increase over the past 24 hours. The altcoin’s price was able to break...
BTC Makes a Comeback After Recently Losing the $27K Support Level
Many cryptos were able to print gains over the past day according to CoinMarketCap. The market leader Bitcoin (BTC) also printed a daily gain for the first time since breaking...
Data Shows Long-term BTC Holders Have Become Less Active in Market
BTC hits a 10-month low in the number of spent outputs with a 1 to 2yrs lifespan. The metric suggests that long-term holders are selling or transferring their coins. Bitcoin...
Analyst Warns About Buying Memecoins: Memecoins Are Risky
A crypto investor withdrew 174 ETH and bought 2 trillion LADYS $0.0000001504. Later, the trader sold the memecoins just for 73.5 ETH at $0.00000006142. Lookonchain shared the details and warned...
Coinbase Taps Former US Lawmakers For Global Advisory Council
Coinbase has tapped former US lawmakers for its newly unveiled Global Advisory Council. The crypto exchange launched the new council for guidance and expertise in tackling crypto regulation. The council...
Angel Investor Places Bullish Bet on ARB Token, His Largest Portfolio
Angel investor is bullish on ARB, making it the largest part of his portfolio. ARB has increased its TVL dominance by 5.56x and flipped Ethereum’s L1. There is no immediate...
Number of Active LTC Addresses Spiked as LTC20 Was Introduced
Santiment tweeted their latest insights report for Litecoin (LTC) yesterday. The report suggested that the introduction of LTC20 caused the number of micro LTC addresses to surge. At press time,...
PEPE Gains 75% in 24 Hours Bouncing Off Psychological Support
PEPE gained 75% in 24 hours for the first time since reaching its ATH. The Price surge fulfilled a MACD divergence that formed on PEPE’s hourly chart. PEPE bounced off...
DCG, Grayscale Draw Attention; Congressman Condemns GBTC’s Fees,Ties
X 3 founder Andrew spoke about Digital Currency Group (DCG) and Grayscale’s appearance in the political landscape in his tweet earlier today. In a recent update, Andrew shared that DCG...
Binance Market Falls to 51% as Huobi and OKX See Increase: Report
Huobi and OKX, two of Binance’s biggest rivals in the crypto exchange market, have seen an increase in market share after the largest exchange, Binance, scaled back its zero-fee promotion,...
JPMorgan CEO Concerned Over Excessive Regulations Amid Bank Collapse
The CEO of JPMorgan Chase, which recently acquired the bankrupt First Republic Bank, has expressed concerns about potential difficulties for US banks in the event that the Federal Reserve implements...
U.S. Lawmaker Calls on SEC To Look Into Grayscale’s GBTC
Brad Sherman, the United States Congressman representing California’s 32nd Congressional District recently highlighted investors’ concerns with Grayscale Investments’ Grayscale Bitcoin Trust (GBTC). The Congressman also asked Gary Gensler, the Chairman...
Ex-Lawyer Called Out for his Coinbase Comment, Deaton Shows Support
Ex-lawyer says Coinbase email about PEPE was “dumb” but asks people to stop #CancelCoinbase. In the tweet thread, he also spoke about being called out for his comment on Coinbase....
BRISE Shows Signs of Recovery From the Short-Term Bearish Fall
BRISE is currently trading in the red zone, after trading in the green region at the start of the week. BRISE is trading at $0.0000002852, while experiencing a fall of...
Crypto Influencer Faces Continuous Backlash for Memecoin Promotion
ZachXBT tweets a 17-part thread on Ben Armstrong aka BitBoy Crypto’s previous involvement with scam projects. BitBoy Crypto continues promoting BEN Coin, calling it more than just a memecoin. The...
MATIC Market Turmoil: 30M Tokens Transferred Amid Bearish Trend
MATIC market experiences a 90-day low amid mysterious token transfer. Bearish momentum overwhelms the MATIC market, creating a potential buying opportunity. Rising CMF indicates a potential shift towards purchasing pressure...
