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Defunct crypto exchange Mt. Gox transferred approximately $172.5 million worth of Bitcoin to unknown wallets less than 24 hours after the leading crypto recorded a new all-time high above $107K. On-chain data from Arkham Intelligence shows that Mt. Gox moved 1,691.6 Bitcoins to two unlabeled addresses on Dec. 17.  Reasons For The Latest Mt. Gox BTC Transfers Still Unclear The 1,691.6 BTC moved by the exchange were split between two transfers of 1,427.9 Bitcoins and 191.7 Bitcoins. A portion of the largest amount ended up in a wallet starting with “1DeY” after moving through another address. 108 BTC from the 1,427.9 Bitcoin transfer and the smaller 191.7 BTC amount were then cycled through several addresses before ending up in an address starting with “1KLr,” which on-chain data shows currently holds 300 BTC. The reasoning behind the latest transfers by the long-defunct crypto exchange remains unclear. Past movements by Mt. Gox have, however, been fol...

The Solana price surged 8% in the past 24 hours to trade at $240.47 as of 11:40 a.m. EST on trading volume that surged 53% to $10.9 billion. This comes as SOL hit a new ATH of $264.31 on Coinbase. The momentum behind the asset has been driven by filings this week from Bitwise, VanEck, 21Shares and Canary Capital to issue spot Solana ETFs (exchange-traded funds). Solana’s popularity has also been driven by a new outbreak of meme coin mania that promises revenue growth for its Pump.fun meme coin launching platform Solana Price Aims For A Sustained Rally The Solana price has been in an uptrend since October, after the bulls took control of the asset around the $160 support zone, according to data from GeckoTerminal . The momentum picked up in November, with the price soaring even higher, registering higher highs and higher lows, forming a rising channel pattern. XRP has remained above both the 50-day and 200-day Simple Moving Averages (SMAs) as a result of the uptrend. The Rel...

The Ripple (XRP) market has endured quite a struggle over the years following its legal battle with the Securities and Exchange Commission (SEC). The altcoin hit an all-time high of $3.84 about seven years ago 2018. Most assets have attained new highs over the past few years. Throughout the past year, XRP surged to a high of just $0.71, which is much lower than its peak. Current Market Price Also Read: Bitcoin (BTC) & Ethereum (ETH) Price Prediction For September 2024 XRP is trading at $0.5894, with a nearly 1% drop over the past 24 hours. Furthermore, according to data from Coinglass, XRP has a long-to-short ratio of 52.44%. With a higher percentage of shorts than longs, this ratio indicates a bearish outlook in the market. This means that more investors appear to anticipate a decrease in asset price. Source Also Read: Is Bitcoin Headed for a Drop? The Ripple Effect of Fed’s Moves Becoming a Millionaire with XRP How Much XRP Should You Buy to Become A Millionaire? Recent data from...