BTC vs. ETH vs. XRP ETFs: Which Pulled the Most Money Last Week?
The leader was quite obvious but let's break down the numbers.
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The XRP price remains range-bound as it has been over the past couple of weeks. As of the time of writing, the XRP price has appreciated by 1.86% over the past day, yet it has been unable to break above the $1.60 resistance. However, despite this apparent inertia, a notable shift is occurring on Binance, the world’s leading crypto exchange by trading volume. Related Reading: XRP’s Biggest Holders Just Stopped Sending Tokens to Exchanges: Last Time Was November 2021 Binance Whale Vs Retail Spread Falls To 88% In a QuickTake post on CryptoQuant, analyst Amr Taha shares an update for the XRP market on the Binance exchange. The relevant indicator in this scenario is the XRP Binance Whale vs Retail Spread metric. For context, the metric measures the difference between large, whale-sized outflows and smaller, retail-sized ones on Binance. By extension of this primary function, the metric is used to tell if the market’s activity is more driven by its whales or by its retail traders. In the
Read full articleThe leader was quite obvious but let's break down the numbers.
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The altcoin market has been one of the major losers in this bear market, with large-cap cryptocurrencies like XRP, BNB, and Solana taking a significant share of the losses. In fact, TradingView data shows that the TOTAL3 index (representing the crypto market capitalization, excluding BTC, ETH, and stablecoins) has fallen by more than $544 billion […]
The post Beyond Speculation: Binance Reveals How Crypto Is Transforming Emerging Markets appeared on BitcoinEthereumNews.com. Home » Crypto News Binance highlighted areas where crypto has driven financial inclusion, namely access to capital markets and the democratization of private markets through tokenization. ‘; } function loadTrinityPlayer(targetWrapper, theme,extras=””) { cleanupPlayer(targetWrapper); // Always clean first ✅ targetWrapper.classList.add(‘played’); // Create script const scriptEl = document.createElement(“script”); scriptEl.setAttribute(“fetchpriority”, “high”); scriptEl.setAttribute(“charset”, “UTF-8”); const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`); scriptURL.searchParams.set(“pageURL”, window.location.href); scriptEl.src = scriptURL.toString(); // Insert player const placeholder = targetWrapper.querySelector(“.add-before-this”); placeholder.parentNode.insertBefore(scriptEl,
Binance highlighted areas where crypto has driven financial inclusion, namely access to capital markets and the democratization of private markets through tokenization.
The opening days in May have been accompanied by a rise in Ethereum on-chain activity. In a recent post on X, a pseudonymous analyst Darkfost dives into the intricacies of this activity and its impact on price. Related Reading: Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows Binance Records Massive Ethereum Inflow According to Darkfost, the resurgence of activity on the Ethereum network corresponds with the sideways movement of the second-largest cryptocurrency, trading between $2,250 and $2,450. Further details of this recent activity surge show that Binance has seen multiple large hourly ETH inflow spikes since the beginning of May. The three largest of these Ethereum transfers to Binance were reported as follows: on May 6, about 216,152 ETH, worth approximately $511 million, was transferred to Binance. Although smaller in comparison, on May 8, 98,552 ETH valued at $224 million also entered Binance. A larger number of transfers was also observed on May
CZ said rival US crypto exchanges opposed his Trump pardon bid, fearing Binance could return to the American market after its exit.