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The total number of addresses on June 6 amounted to 207,606,780 ETH Price at the time of writing – $1,797.71 Ethereum’s total value locked in decentralized finance shrunk 35%  Notwithstanding the cryptographic money market switching back and forth between red and green, battling to hit a bullish streak, one of its significant resources – Ethereum (ETH) – has been gathering countless new addresses. In particular, the organization has been adding around 500,000 new addresses every… Source link

Despite ongoing price doldrums, investors continue to accumulate Bitcoin at a rapid pace to the tune of hundreds of millions of dollars worth of BTC, according to crypto analytics firm IntoTheBlock. In a new analysis, Lucas Outumuro, head of research at IntoTheBlock, notes that centralized exchanges witnessed $730 million worth of BTC net outflows in the past week, on the heels of $1 billion worth of outflows the week before. According to the analytics firm, net outflows are the… Source link

The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the U.S. dollar, as the top cryptos have lost 50% to more than 80% from their all-time price highs. How Low Can the Crypto Economy Go? It hasn’t been a great week for crypto assets, as the top ten digital currencies are down between 4% to 15% during the last seven days…. Source link

Litecoin Falls 10% In Rout Investing.com – was trading at $52.100 by 11:38 (15:38 GMT) on the Investing.com Index on Saturday, down 10.17% on the day. It was the largest one-day percentage loss since May 11. The move downwards pushed Litecoin’s market cap down to $3.739B, or 0.33% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $52.100 to $57.800 in the previous twenty-four hours. Over the past seven days,… Source link

Anurag Batham is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer. Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market couldn’t hold on to gains it made last week following eight consecutive weeks of decline. According to CoinMarketCap data, all of the top 10 cryptocurrencies fell in the past week by at least 3% except Cardano (ADA), which is up 6% on the week. Market leader Bitcoin weathered the storm better than most leading coins and declined just 3% in the last seven days. It trades for $28,733 at the time of writing.

Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. inflation print proves setback Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28. The pair had fallen in step with stock markets on June 10, these finishing the week noticeably down — the S&P 500 and Nasdaq Composite lost 2.9% and 3.5%… Source link

Crypto prices plunged as the weekend commenced, following yesterday’s U.S. inflation report, which came in at a 40-year high of 8.6%. ETH fell to its lowest point in fifteen months, while BTC dropped below $29,000. Bitcoin Following days of consolidation, BTC finally moved late on Friday into Saturday, as crypto prices responded to the latest inflation report. Data from the United States showed that inflation came in at a 40-year high of 8.6%, which is higher than the 8.3% many had… Source link

Another cryptoweek is behind us. Let’s recap! Bitcoin ended its record-long losing streak and BTC inflows grew while ethereum saw outflows, BTC’s historical performance is no guide for the future in 2022, Ethereum’s Ropsten testnet finally merged, while Vitalik Buterin asked the community what they disagree on with him, Justin Sun’s Tron revealed more details about the USDD backing in a move to distance the stablecoin from… Source link