Day: December 2, 2024

NFTs Heat Up Amid Crypto Resurgence

The NFT market is riding a wave of renewed interest following a broader crypto rally in November. According to CoinGecko, the sector’s market capitalization has climbed to $8.8 billion, up 17.3% in just a week. Daily trading volumes have also surged nearly 48% in the past 24 hours, signaling increased activity across chains. November was […]

Bitcoin Exchange Reserves Hit Historic Lows

Bitcoin balances on cryptocurrency exchanges have dropped to historic lows, signaling a significant supply shortage in the market. According to a Sunday report from 10X Research, the amount of Bitcoin available to buy has plummeted, exacerbating concerns about liquidity. This contrasts sharply with trends observed earlier in the year. During late summer, a temporary inflow […]

XRP Surges to Third in Market Cap

XRP, the native token of Ripple’s payment ecosystem, has surged to the third position in market capitalization, surpassing Tether’s stablecoin. The token has experienced an impressive 71% weekly gain, reaching $2.47, with a staggering 367% increase over the past 30 days, according to CoinGecko data. Late Sunday, XRP flipped Solana for the fourth spot before […]

Saylor Urges Microsoft to Adopt Bitcoin

MicroStrategy co-founder Michael Saylor has proposed a transformative Bitcoin adoption strategy to Microsoft’s board of directors, claiming it could generate nearly $5 trillion in shareholder value by 2034. Speaking at Microsoft’s December 2024 shareholder meeting, Saylor outlined how leveraging Bitcoin in corporate treasury management could significantly enhance the tech giant’s financial performance. Currently trading at […]