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 Bitcoin’s   extreme volatility this week has wiped out a significant amount of unrealized profits across the entire market. Data from Glassnode showed that on Aug. 1, over 85% of Bitcoin’s circulating supply was in profit, reflecting a stable and enduring bullish sentiment as the price settled at around $65,000. However, as the price began declining over the past week, a huge chunk of this profitability was wiped away. With Bitcoin dropping to below $50,000 on Aug. 5, the percentage of supply in profit fell to 71%, the lowest since October last year. Even though the price recovered to around $56,000 on Aug. 6, the supply in profit remains at just above 73%. Graph showing the percentage of Bitcoin’s circulating supply in profit from July 24 to Aug. 6, 2024 (Source: Glassnode) Both long-term and short-term holders saw a sharp increase in their supply held in loss. On Aug. 1, STHs held 1.603 million BTC in loss, but this figure rose to 2.868 million on Aug. 5 befo...

  Meme coins are bouncing back, and Popcat (POPCAT) is leading the way. This cat-themed token has surprised everyone, climbing back to the $0.579 level. Meanwhile, Shiba Shootout (SHIBASHOOT) is also picking up steam in its presale – and is fast approaching the $1 million funding milestone. Popcat Tops CoinMarketCap’s Gainers List with 123% Rally Popcat is having quite a moment. It’s currently at the top of CoinMarketCap’s gainers list, having rallied 123% from Monday’s low, completely erasing the weekend’s losses. Technical analysts are also watching POPCAT as it approaches a key level. It’s currently testing the 50-day EMA, which is an indicator of the medium-term trend. Historically, when POPCAT has broken above this level, it’s often marked the beginning of another bullish leg. If POPCAT can break through this dynamic resistance level, the next target could be the July 27th high of $0.95. Of course, such a break isn’t guaranteed. A rejection of the 50-day EMA could al...

  Disclosure:   This is a sponsored post. Readers should conduct further research prior to taking any actions.   Learn more › Geneva, Switzerland – August  7 , 2024 –   Messari , a leading provider of digital asset markets intelligence products, and  CryptoRank , a leading crypto industry research & analytics platform, have released research reports highlighting the TRON network’s significant surge in onchain activity over six consecutive quarters. These reports highlight a continuous rise in network engagement and emphasize TRON’s robust, reliable technical architecture and impressive scalability. Messari Research Messari’s research report introduces TRON as a public, open-source blockchain network distinguished by its security and efficiency. TRON secures its network using a Delegated Proof-of-Stake (DPoS) mechanism combined with the Practical Byzantine Fault Tolerance (PBFT) consensus algorithm. The TRON Virtual Machine (TVM), which is compatible wit...

The Impact of Cryptocurrency on Privacy and Data Security! Cryptocurrency has emerged as a revolutionary force in the world of finance, offering unprecedented levels of privacy and security. As digital currencies like Bitcoin, Ethereum, and many others gain widespread adoption, their impact on privacy and data security has become a topic of significant interest and debate. This article delves into how cryptocurrencies are reshaping the landscape of privacy and data security, exploring both the benefits and challenges they bring. Privacy in the Age of Cryptocurrency One of the most touted advantages of cryptocurrencies is their potential to enhance privacy. Traditional financial systems often require extensive personal information for transactions, exposing individuals to the risk of data breaches and identity theft. Cryptocurrencies, on the other hand, enable users to make transactions without revealing their identities. This is primarily achieved through the use of cryptographic techn...