Author: Sollcrypto

In line with a resolution passed by the Digital Asset Exchange Association (DAXA), of which Upbit is a member, trading support for Linear Finance (LINA) will be discontinued. Upbit has issued an announcement regarding the cessation of trading support for Linear Finance (LINA). DAXA member firms have the authority to take protective measures for the benefit of investors, such as issuing investor warnings, identifying specific factors for consideration, and discontinuing trading support. The decision to terminate trading support for certain digital assets aligns with the strategy of categorizing these assets as cautious and discontinuing trading assistance. Effective from 19:00 on…

Ethereum, the cryptocurrency holding the second-largest market cap, has experienced a significant drop in its average transaction fees, plummeting to a mere $1.13. This observed trend, as highlighted by the on-chain analytics firm Santiment, provides intriguing insights into the recent activity on the network and hints at potential future developments. Exploring Ethereum’s “Average Transaction Costs” When we refer to “average fees” in the context of Ethereum, we are discussing the typical amount, measured in USD, that users include with their transactions on the Ethereum network. This metric is inherently tied to the level of activity on the ETH network. To…

The current Bitcoin price stands at $27,400. On October 5, it briefly surpassed $28,000 before retracing. Despite this price fluctuation, investors haven’t entirely given up hope. So, what are the reasons preventing Bitcoin’s price from maintaining its upward trajectory? “Why Cryptocurrency Prices Aren’t on the Rise?” At the start of the week, Bitcoin (BTC) reached $28,600, marking a significant 5% gain. However, when the Ether Futures ETF debuted with a surprisingly low $2 million in trading volume on its launch day, market sentiment quickly shifted. This incident highlighted the market’s cautious risk appetite. Now, investors are beginning to wonder if…

The Ethereum price has further declined by 2%, resulting in the liquidation of approximately $10.06 million in long positions. Data from Santiment reveals that the supply of ETH on exchanges has decreased by approximately 110,000 ETH within the past 24 hours, dropping from 10.77 million to 10.66 million. If Ethereum were to break and close below the $1,585 mark, it could spell trouble for short-term holders, potentially leading to further losses down to $1,551, which were the lows observed in mid-August. Ethereum (ETH) has been on a downward trajectory for the fourth consecutive day, forming a dome-like pattern as it…

At Bitcoin Market Journal, our discussions often revolve around Daily Active Users (DAUs). Today, however, we shift our focus to a different category of daily active users: developers. These individuals are actively engaged in creating the blockchains that underpin our digital landscape. Their contributions are just as vital to the ecosystem’s growth as end-users. The involvement of developers has a direct impact on the valuation, stability, and future prospects of cryptocurrency projects. In this article, we aim to address several key questions about Daily Active Developers (DAD) and its significance for investors: Who Are Daily Active Developers? In straightforward terms,…

On Wednesday, XRP took the lead in a cryptocurrency rally, driving the global market capitalization of the entire sector up by 1% to reach $1.13 trillion. According to CoinGecko, the token issued by Ripple saw a surge of approximately 5% to $0.53 at 3:00 p.m. ET. This increase followed a U.S. federal judge’s rejection of the Securities and Exchange Commission’s attempt to appeal a partial loss in an ongoing case against Ripple. Additionally, XRP received a boost after Ripple announced that its Singapore subsidiary, Ripple Markets APAC, had obtained a payment license to operate in the city-state. The SEC’s Bid…

Bitcoin (BTC), the leading cryptocurrency, has undergone notable price swings in recent times. Nevertheless, amidst the turbulent market dynamics, Yann Allemann, co-founder of Glassnode, expresses skepticism about the likelihood of a substantial drop in Bitcoin’s value. Positive Sentiments Amid Market Volatility Following an encouraging 6% upswing on Sunday, Bitcoin encountered a setback, facing resistance around the $28,500 mark, which resulted in a subsequent 4.5% decline the following day. This decline can be partly attributed to the lackluster performance of recently launched Ethereum (ETH) futures exchange-traded funds (ETFs) on October 2nd and increasing concerns about an impending economic downturn. However, despite…

Shiba Inu (SHIB) enthusiasts and investors have patiently awaited a noticeable uptick in the coin’s value for an extended period. One of the long-standing hopes among investors is to witness SHIB reaching the noteworthy $0.01 price milestone, a goal that has appeared quite challenging. Data obtained from 21milyon.com reveals that the current SHIB price stands at $0.00000726, suggesting that this aspiration may not be as distant as it once seemed. Despite the challenges, SHIB supporters remain steadfast in their optimism. Review of Shiba Inu Coin Analyzing recent price trends, it’s evident that SHIB is currently navigating a challenging phase. Over…

In September, Bitcoin mining companies Marathon Digital, Riot Platforms, and CleanSpark reported significant growth in Bitcoin production. This positive performance translated into a modest uptick in their share prices on October 4th. Despite Bitcoin’s price remaining relatively stable, fluctuating between the $25,100 and $28,500 range throughout the month, these firms managed to bolster their financial positions, reflecting resilience in their balance sheets. Marathon experiences an impressive 245% surge in Bitcoin production. In September, the Bitcoin mining company Marathon Digital achieved a remarkable milestone by producing a total of 1,242 BTC. This represents a notable 16% increase compared to August and…

A substantial portion of Binance’s Russian clientele has transitioned to alternative platforms, extending beyond just the exchange’s new owner, CommEx, according to a recent report. This shift is evident from the reduced activity observed in peer-to-peer (P2P) operations, as highlighted by Dmitry Stepanin, the CEO of Satoshkin, during a recent interview with the local news outlet Kommersant. Stepanin further noted that professional P2P traders have reported declines ranging from 10% to 30%. At the outset of 2023, Binance featured approximately 7,700 ruble P2P transaction advertisements daily. However, this figure dwindled to 6,300 by mid-year and plummeted to 3,400 by the…