Author: Yeek.io

On-chain metrics revealed that exchanges have witnessed an outflow of $70.50 million worth of XRP. XRP could fall by 10% to reach $2.55 if it fails to hold the $2.88 level. Amid the current bearish market sentiment, Ripple Labs is gaining attention from crypto enthusiasts following its recent escrow locking. Ripple locks 700 million XRP into escrow On the 2nd of February, blockchain transaction tracker Whale Alert posted on X (formerly Twitter) that Ripple Labs has moved 700 million XRP tokens into escrow. This means these tokens are temporarily locked and cannot be used for trading or any other activity.…

The latest on-chain data shows that the Bitcoin network activity has been waning over the past few months, with the blockchain metric reaching a new low recently. Why Is The Bitcoin Network Activity Falling? In a new post on the X platform, CryptoQuant head of research Julio Moreno discussed how Bitcoin is witnessing an unusual period of low transaction activity, with the mempool almost empty and transaction fees falling to 1 sat/vB. This represents the lowest level of network activity since March 2024, indicating a notable decline in on-chain demand. For context, the mempool refers to a temporary storage area…

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…

Este artículo también está disponible en español. Technical analysis of the Dogecoin price shows that the meme coin might be gearing up to outperform the market this month. Particularly, technical analysis of the Dogecoin/Bitcoin pair shows that an interesting bullish pattern has just emerged that could send Dogecoin on a journey to creating a huge bullish candle and a strong uptrend throughout the entire month. Double Bottom Pattern: A Bullish Setup For Dogecoin Dogecoin’s price action has been marred by a decline in the past seven days. This notable price decline has seen DOGE retesting the $0.3 price level again…

Este artículo también está disponible en español. XRP has ushered in 2025 with a robust bullish performance, achieving its highest monthly close to date. As a result of significant advancements in regulation and institutional adoption, the token’s surge coincides with a growing sense of optimism in the broader crypto market. XRP advanced toward critical price levels during January’s rally, which established the foundation for potential future gains. Related Reading XRP Record Monthly Close Sparks Optimism January was an important month for XRP because it reached its highest closing price ever. On January 16, the token hit a monthly high of…

Dogecoin breaks key resistance, forming a bullish Cup & Handle pattern. Grayscale’s Dogecoin ETF filing fuels optimism for a significant price rally. Dogecoin [DOGE] has been making waves recently, with analysts and traders alike buzzing about its potential for a major breakout. After months of consolidation, the memecoin is showing signs of maturing, breaking through key resistance levels and forming a bullish pattern that could signal a significant rally ahead. Adding to the growing excitement are rumors about a possible Dogecoin ETF, which could fuel further investor interest and drive the price to new heights. As technical indicators point toward…

A widely followed crypto analyst says the odds are in favor of one more major move to the upside for digital assets before the market cycle concludes. The pseudonymous trader known as Pentoshi tells his 850,000 followers on the social media platform X that there’s a one in four chance that the crypto market cycle is over. The trader notes that he’s leaning towards the total market cap of all digital assets to reach the $4.2 trillion mark, about 26% higher than current levels. “I think maybe 25% odds the cycle is over and those calling it are correct. I…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin billionaire believes that Rexas Finance could be the next Bitcoin-like success story of the decade. History provides one lesson for the quickly changing world of cryptocurrencies: early adopters usually gain the most.  Bitcoin (BTC) began at less than a cent in 2009 and has since exploded, creating innumerable millionaires and billionaires.  Now, seasoned investors — including one Bitcoin billionaire — believe Rexas Finance (RXS) could be the next big thing. Rexas Finance is in its last presale stage,…

Este artículo también está disponible en español. Stablecoins, often taking the backseat from Bitcoin and other top cryptocurrencies, are now in the spotlight. According to on-chain data, the stablecoins market has surged to over $200 billion, with Tether’s USDT and USDC as the main growth drivers. Related Reading Based on CryptoQuant’s data, the stablecoins market increased by $37 billion since the first week of November last year, when Donald Trump won his second presidency. The same CryptoQuant report shared that the stablecoin’s performance may spill over to Bitcoin and other cryptos. Alphractal shared the same data; this time, it highlights…

Ethereum Classic’s trading volume surged to 584.46M, signaling rising investor interest amid ETH’s declining strength. ETC held above the key $22.50 support while ETH struggled below its 50-day moving average, raising questions about market shifts. Ethereum Classic [ETC] has seen a slightly better trend than Ethereum [ETH] of late, leading to speculation that it could be absorbing the liquidity that the latter is losing. With both assets showing contrasting price movements and volume trends, investors question whether ETC is emerging as a viable alternative to ETH. Ethereum Classic’s price action: A mixed trend Ethereum Classic traded at $24.54 at press…