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Bitcoin (BTC) miners sold the equivalent of five mining days in the last three days, selling off their reserves. Miners continue to give signs of capitulation while Germany dumps millions of dollars in BTC and Mt. Gox repayments loom. Notably, Bitcoin miners have sold 2,300 BTC in the last 72 hours, as reported by Ali Martinez on X. By the time of the post, the observed sell-off had a nominal value of approximately $145 million. Moreover, it represents what the network usually mines in five days, considering an average of 450 BTC mined per day. This average is reached due to a 3.125 BTC per block at a 10-minute block interval, as designed. Picks for you Is Gold on the verge of a breakthrough amid strengthening dollar and Fed speculations? 25 mins ago ...

Ripple has reserved 200 million out of the 1 billion XRP unlocked in May for its monthly sell- off. This amount is worth nearly $104 million , with XRP price trading below $0.52. Currently, the company has around 39.70 billion tokens locked in escrows from the initial distribution that never circulated. Ripple unlocks 1 billion of these XRP tokens every month and re-locks an arbitrary amount for further release. Finbold has tracked these unlocks, identifying patterns that affect the asset’s long-term value and also XRP’s short-term price action. Picks for you R. Kiyosaki warns ‘the crash has begun’ and it is ‘a bad one’ 2 hours ago AI predicts Gold price for May 31, 2024 20 hours ago Former PayPal President says Bitcoin ‘will be the native currency of AI’ 21 hours ago $10 trillion investment giant outlines tomorrow’s Bitcoin bulls 22 hours ago Notably, Ripple used two new accounts for May’s unlock, starting a new escrow epoch with the ...

Millions of dollars in capital are leaving the Avalanche (AVAX) ecosystem amid a major network outage on February 23. At the time of writing, the Avalanche network is still down and is not producing any new blocks. Notably, DavyCrypto was one of the first accounts to notice and report the issue on X at 13:50 (UTC). Davy mentioned “another major chain” in reference to Solana’s (SOL) major outages, which have become common in the past few years. ️#Avalanche is down️ Another major chain going down. pic.twitter.com/0JfU9YfaBq — DavyCrypto (@Davyegld) February 23, 2024 The Avalanche official account has not posted or shared any information about this major network outage by press time. However, the website Avalanche Status is sharing updates to what it has called a “Block Finalization Stall” issue. Picked for you Dogecoin competitor threatens 100% bullish breakout 2 hours ago Early backers fund Flare, reducing liquidity and fueling increased investment in t...

While the endorsement from Elon Musk created an appealing outlook for Dogecoin (DOGE), investors appear to be starting to lose faith in the most popular meme coin, as seen from the recent trading activity. The current state of Dogecoin entails a notable decline in transaction volume and a decrease in whale transaction count, suggesting a downturn in trading activity, per a post on X from cryptocurrency analyst Ali Martinez on February 12. “This could be a sign that fewer people are buying, selling, or transferring DOGE, possibly due to reduced interest or confidence in it.” Whale transactions over $1 million have significantly decreased, hitting a peak at the price of $0.075 with a volume of 33.5 million, which marks a substantial decline from slightly over a month ago when they reached 773 million. Decline of DOGE’s trading activity. Source: Ali Martinez Charts and technicals are indecisive Looking at the technical indicators and price patterns on various time spans for DOGE...

Terra Classic (LUNC) experienced a massive sell- off, losing nearly two-thirds of its capitalization from December 2023. With that, LUNC left the top 100 cryptocurrencies ranked by market cap, sitting among the underdogs. In particular, LUNC shows a $525.74 million capitalization on January 23, trading at $0.0000908 by press time. This represents a drop of $200 million in the cryptocurrency market value in one week. On January 16, the token had a $727.11 million market cap, according to CoinMarketCap . Terra Classic (LUNC) 1-week market cap chart. Source: CoinMarketCap Notably, Terra Classic reached a $1.5 billion market cap peak on December 4. This bull rally happened amid overall enthusiasm for altcoins. However, it was a short surge for LUNC, which experienced a huge sell- off event just a few weeks later. Terra Classic (LUNC) local high market cap chart. Source: CoinMarketCap Sell-off: Terraform Labs filed for bankruptcy under Chapter 11 In the meantime, Terraform Labs, cre...