Bitcoin Exchanges Supply Hits 7-Year Low, Whales Eyeing BTC Takeoff?
Bitcoin supply on exchanges has hit a 7-year low while whale purchases are also up significantly amid market uncertainty.
Keep up with what's happening in the crypto world in real-time.
Bitcoin supply on exchanges has hit a 7-year low while whale purchases are also up significantly amid market uncertainty.
The cryptocurrency market is red today, with the total market cap falling by more than 3%. The crypto market sentiment has also plunged into fear, which often precedes a spike in selling activity.
Stablecoin issuer Circle and Intercontinental Exchange (ICE), the company that operates the New York Stock Exchange (NYSE) among others and provides clearinghouse services, are collaborating to explore stablecoin integration in ICE's operations.The companies will explore the potential integration of Circle's US dollar stablecoin (USDC) and its US Yield Coin (USYC) into ICE's derivatives exchanges, clearinghouses, data services and other systems, under a memorandum of understanding (MoU) announced March 27. Lynn Martin, president of the New York Stock Exchange, issued this statement alongside news of the collaborative partnership: “We believe Circle's stablecoins and tokenized digital currencies can play a larger role in capital markets as digital currencies become more trusted by market participants as an acceptable equivalent to the US Dollar.
Buyers are getting back in the game at the end of the day, according to CoinStats.
Gold prices climbed close to their all-time high levels on Thursday as US President Donald Trump's April 2-bound auto tariffs heightened global trade tensions. Meanwhile, the Nasdaq 100 index dropped 1.8%, and the S&P 500 fell 0.2% in early Asian trading.
US SEC Chair nominee Paul Atkins has revealed his intention to prioritize providing regulatory clarity for the crypto industry. This came following Atkins' nomination hearing before the US Senate Banking Committee.
ICE, the parent company of the New York Stock Exchange, enters into an agreement with Circle to explore the integration of the stablecoins USDC and USYC into its markets, paving the way for innovative and digitized financial solutions. The Intercontinental Exchange Inc. (ICE), parent company of the New York Stock Exchange (NYSE), has signed a memorandum of understanding with Circle Internet Group, a leading company in the fintech sector.
Popular crypto analyst Ali Martinez has just dropped a new outlook on one of the biggest cryptocurrencies, Cardano (ADA), and the first impression by the looks of it is make it or break it. Perhaps that is the phrase that best describes what's going on with the ADA price right now.
JP Morgan says yield-bearing stablecoins could soon take over the market. These new types of stablecoins pay interest just like a savings account.
Digital asset solutions provider BitGo and New York-based investment platform Republic are teaming up to democratize access to alternative investment opportunities.
Linear Finance has announced that it will be shutting down its operations due to financial troubles, resulting in LINA dropping by a massive 25%.

The crypto market wavered on Thursday as concerns about recession rose after Donald Trump announced new auto tariffs. These tariffs came ahead of April 2, his Liberation Day when he will implement reciprocal tariffs.
Solana price has stalled this week after its recent recovery hit a strong resistance level at $146.9.
During a Thursday confirmation hearing held by the Senate Banking Committee, Paul Atkins, a former SEC commissioner who has been nominated to spearhead the agency, was expectedly grilled by Massachusetts Senator Elizabeth Warren.
Adecoagro S.A., a leading sustainable production company in South America, has entered into a transaction agreement with Tether.
Bitcoin (BTC) has been on a slow recovery since mid-March. Moves to the upside are limited, and at present, involve multiple unsuccessful attempts to breach local resistance levels before a decisive break ultimately occurs.
Robinhood wants to offer higher-end private banking and wealth management services at a more accessible cost, using crypto and AI.
Crypto analyst Ben Gray has asserted that the Ethereum price is bullish and revealed the price range that the leading altcoin is targeting. However, ETH is set to face major resistance at $2,100, a level which it needs to break out from as it targets new highs.
The app currently has 500,000 monthly actively users.
Ripple has announced a new partnership with Chipper Cash to enhance cross-border transactions in Africa using blockchain technology. The goal is to provide faster, cheaper, and more efficient payments. The agreement, announced on March 27, involves the integration of Ripple Payments into Chipper Cash's international transfer system, a leading platform in payment services in Africa.
Ripple expands crypto payments to Africa by partnering with Chipper Cash. Ripple started offering crypto payments in Africa in 2023 with Onafriq.
Sam Bankman-Fried, the former FTX boss convicted of fraud, has been moved out of a federal jail in New York City and is now sitting in a federal transfer facility in Oklahoma City. The Federal Bureau of Prisons updated his status early Thursday.
The Credora Network announced its collaboration with Morpho, an Ethereum-built decentralized lending protocol, to bring third-party risk ratings to the Decentralized Finance (DeFi) landscape.
AgriDex annnounced the first on-chain farmland transaction on the Solana network was successfully completed. The deal consists of a $165,000 land purchase in Zambia.
