THE DAILY ENCRYPT

[date-today format='F j, Y']

admin

human hand holding plasma ball

Why Whales Push Shiba Inu Transactions To Record Highs, While Nearly 2M Hold SHIB

After a 10,000% profit over the past year, Shiba Inu (SHIB) trends to the downside with the rest of the crypto market. The meme coin had a surge driven by retail investors looking to ride the rally but has been unable to recover after a long period of persistent selling pressure. Related Reading | Can …

Why Whales Push Shiba Inu Transactions To Record Highs, While Nearly 2M Hold SHIB Read More »

USDC Inflow Spikes Up, Will It Act As Dry Powder For New Bitcoin Rally?

On-chain data shows the USDC exchange inflow has spiked up. Historically, stablecoins have provided dry powder for kicking off new Bitcoin rallies. USDC Exchange Inflow Sharply Rose To High Values Recently As explained by an analyst in a CryptoQuant post, almost one billion USDC has flowed into exchanges recently. Past pattern suggests this may lead …

USDC Inflow Spikes Up, Will It Act As Dry Powder For New Bitcoin Rally? Read More »

Bitcoin’s Biden Spike Gone, Price Reverses Following 8% Gain

Bitcoin (BTC) has retraced significantly today, a day after recording an 8% gain in response to President Biden’s executive order. Bitcoin, like the rest of the crypto market, is under pressure, falling more than 5% and falling below $40,000 levels. Bitcoin is currently trading at $39,324 with a market worth of $745 billion as of …

Bitcoin’s Biden Spike Gone, Price Reverses Following 8% Gain Read More »