Cryptocurrency

Stay updated with the latest in cryptocurrency with U.Today’s Crypto News Digest for easy understanding.

Solana Overtakes Binance Coin to Become Fourth Largest Crypto

Solana Surpasses Binance Coin in Market Capitalization

This weekend marked a significant milestone for the cryptocurrency industry, with Solana overtaking Binance Coin to claim the fourth spot in CoinMarketCap’s ranking. Solana’s market capitalization now stands at $50 billion, surpassing Binance Coin’s $40.6 billion. This achievement comes amidst a broader market rally, with Solana’s price reaching $119, marking a remarkable 67.3% increase over the last seven days.

Bitcoin Hits New All-Time High

Bitcoin reached a new all-time high with the number of addresses surpassing 50 million. This milestone reflects the growing adoption of Bitcoin and its recognition as a legitimate asset class. The average holding per Bitcoin user is now around $16,000, indicating significant implications for future price performance. The surge in addresses is a positive indicator of market strength, signaling a robust foundation for future growth.

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Shiba Inu Witnesses Massive Token Withdrawal

Shiba Inu has experienced a significant withdrawal of over eight trillion tokens from exchanges. This movement, amounting to approximately $88 million, signifies a major shift in the token distribution process and may indicate changes in investor sentiment towards Shiba Inu. Analysis of transaction counts reveals diverse activity within the Shiba Inu trading community, with both retail and large-scale investors actively engaging with SHIB.

This article was originally published on U.Today

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