XRP Takes the Lead in Trading Volume on Korean Exchanges: What’s Behind the Crypto’s Surge?
In a surprising turn of events, XRP has taken over as the top-traded asset on two of South Korea’s major exchanges, Upbit and Bithumb. According to CoinMarketCap, the combined trading volume of XRP on these two platforms reached almost $348 million in the last 24 hours, surpassing the volume on Binance, the largest cryptocurrency exchange. […]
As ETH surges 20%, Ethereum’s network-to-value ratio drops to a three-month low
As ETH rallies by over 20%, the widely-tracked network-to-value (NVT) ratio of Ethereum drops to a three-month low, indicating compelling valuations. The NVT ratio measures Ethereum’s market capitalization in relation to the value of on-chain transactions processed on the network. The seven-day average of the NVT ratio, which is calculated by dividing market capitalization by […]
Crypto derivatives data shows a chance for a price upside this week.
Data about BTC Options suggests price rally could still have strength, even as economic concerns grow and the possibility of the crypto market stalling for a short time. Bitcoin this week hits a 2023 high of $23,100, following a notable rally in traditional markets, notably the Nasdaq Composite Index, which gained 2.9% on Jan. 20. […]
XRP – Relisted on BITMART
At the end of the 2020, many crypto exchanges (especially US) delisted XRP, following the announcement from the U.S. Securities and Exchange Commission (SEC) that it intended to sue Ripple Labs for allegedly selling XRP as unregistered securities. Coinbase was one of the most famous exchanges that delisted XRP following this announcement. Yesterday BitMart, a […]
Kraken closes its doors in Japan, the crypto market is too weak
Crypto exchange Kraken announced on Wednesday that it has decided to cease its operations in Japan and deregister from the Financial Services Agency (JFSA) effective January 31, 2023. The company explained that the decision to exit the Japanese cryptocurrency market is part of its efforts to prioritize resources and investments in areas that align with […]
Gas, price reverses course and goes back to 85 euro
After a declining start, the gas price on the Amsterdam market reverses direction. Methane futures, the reference for Europe, for delivery in January rise by around 5% to 85 euros per megawatt hour. Natural gas reserves in the European Union increased slightly, reaching 931 TWh, equal to 83.2% of filling capacity, against 83% recorded the […]