Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Coinbase Sees Lowest Spot Trading Volume Since Pre-IPO: A Comprehensive Analysis

Lowest Coinbase Spot Trading Volume Since Pre-IPO: A Comprehensive Analysis

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The US’s largest cryptocurrency platform, Coinbase, experienced a significant decrease in spot trading volume, registering nearly $76 billion, a 52% decline compared to the same period the previous year. This is the lowest figure since before the platform’s notable direct listing on the Nasdaq Stock Market in April 2021, which took place just months before the cryptocurrency price peak.

The majority of Coinbase’s revenue, about 54% in the second quarter of this year, comes from transact

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Ethereum Struggles as Bearish Trends Intensify: A Dive Below $1,500?

Ethereum Price Analysis Shows Intensifying Bearish Trends: A Dive Below $1,500?

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Ethereum’s price appears to be on a downward slope, edging closer to the $1,500 support level against the US dollar. Despite the potential for a corrective upward shift, significant resistance above $1,565 may cap any positive momentum. In recent trade, Ethereum has found it challenging to launch a recovery above $1,550, with its price trending below both $1,565 and the 100-hourly Simple Moving Average. Notably, two bearish trend lines have formed, with resistance near $1,555 and $1,570 based

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin's Balancing Act: Short-Term Holders and Market Pressure

Bitcoin’s Balancing Act: Short-Term Holders and Bitcoin Market Pressure

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The Bitcoin market is currently in a precarious state as the supply from short-term holders has significantly decreased this year. While Bitcoin’s price is gradually recovering, the STH NUPL metric nears a balance point, indicating the potential for increased sell pressure from short-term investors.

A key indicator of this trend is the Net Unrealized Profit Loss (NUPL) metric for short-term holders (STH). When the STH NUPL values are above 0, these holders can profit by selling their co

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Binance and Israeli Authorities Collaborate to Thwart Crypto Financing for Hamas

Binance and Israeli Authorities Collaborate to Thwart Crypto Financing for Hamas

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In a joint effort, Binance and Israeli authorities have successfully frozen several cryptocurrency accounts allegedly linked to Hamas, the Palestinian militant group. The move is part of a wider global trend of monitoring and regulating digital currencies to prevent their misuse for illicit activities, particularly by terrorist organizations.

Due to strict international regulations and sanctions, Hamas has increasingly turned to Bitcoin solicitation for fundraising. In response to this

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Crypto Experts Optimistic Despite Market Dips: An Analysis of Bitcoin's Halving and Future Outlook

Crypto Experts Optimistic: An Analysis of Bitcoin Halving and Future Outlook

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Despite the current market depression and escalating tensions in the Middle East, the general sentiment in the cryptocurrency world remains positive. Crypto experts are particularly focused on the Bitcoin halving narrative, which is expected to occur in late April or early May 2024. According to Charles Edwards, the founder of Capriole Fund, 44% of Bitcoin’s returns have happened in the 12 months following each halving. He suggests that the market should anticipate significant cycle returns i

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