Bitcoin Sees Retail Retreat: Shrimp Deposits Drop 5x Since Early 2023
Bitcoin is showing renewed fragility as price struggles to reclaim the $110,000 level, putting bulls on the defensive and exposing the market to further downside risk. Selling pressure has been building across the market, and BTC now finds itself probing lower demand zones as traders reassess positioning after recent volatility. While the macro backdrop remains […]
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During its recent upward performance, Solana attracted a significant number of retail and whale investors, which helped bolster the upside move. Even though the altcoin’s price has briefly pulled back, substantial buying activity is still observed among the smallest SOL holders. Shrimp Wallets Multiply On The Solana Network Solana’s price is struggling below the $170 […]
AVAX, the native currency of the Avalanche blockchain, is trading at new 2023 lows at the time of writing on August 26. Trading at $10, the coin is down 55% from 2023 highs and roughly 25% alone in August 2023. At this pace, AVAX has not only broken mid-June 2023 lows but could break below the critical June 2021 support. AVAX Is Sinking A look at the daily candlestick arrangement in August shows that sellers have been unwavering and firm despite the general optimism amongst supporters. Of note, it is clear that the selling momentum has been strong. AVAX bear bars have been banding along....
Former group chief executive of Barclays, Antony Jenkins, sees innovation such as blockchain and artificial intelligence to challenge and change core banking principles in the near future. Former CEO of Barclays, the UK’s second biggest bank in assets has, in a recent speech, opined that banks will have to face “extraordinary changes” in the upcoming decades, in quotes attributed to the Telegraph. Speaking at the Institute of Chartered Accountants in England and Wales, Jenkins touched upon banks’ reliance on maturity transformation – a core component of retail banking, critical to its very....
Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020.
Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying? On June 13, cryptocurrency prices plunged deeper into bear market territory after Bitcoin (BTC) sliced through its current trading range and briefly touched $22,600, its lowest level se since December 2020.According to BTC historical data, the market has now reached valuation metrics that show the price is severely oversold and perhaps near a bottom. Bitcoin has now fallen below its realized price, which represents the average price of every coin in....