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AVAXUSD

Avalanche / US Dollar

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Digital Currency

Cryptocurrency Avalanche / US Dollar

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The cryptocurrency ETP market is valued at $50.3 billion, with Bitcoin ETPs at $35.4 billion, led by Grayscale Bitcoin Trust (GBTC) and ProShares Bitcoin Strategies (BITO). Ethereum ETPs are valued at $8.8 billion, with Grayscale Ethereum Trust as a major asset. Altcoins like Solana and Avalanche also have dedicated ETPs. The potential approval of a Spot Bitcoin ETF in January 2024 is expected to significantly impact the market and attract new investors, with Bitwise predicting it could be the most successful ETF launch ever. Coinshares reported $103 million in digital asset inflows, with Bitcoin accounting for $87 million.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 7:25 pm

Digital assets have seen a shift from outflows to inflows, with Bitcoin (BTC) experiencing $87.6 million in inflows, reversing from last week's outflows. Ethereum (ETH) also saw inflows of $7.9 million. Altcoins like Solana (SOL) and Cardano (ADA) had decreased inflows, while XRP saw no new inflows and Avalanche (AVAX) outflows widened. Year-to-date flows for digital assets have reached $1.971 billion, with total assets under management at $52.098 billion. Germany leads in weekly inflows, followed by Canada and the U.S. Bitcoin prices dropped slightly by 0.5%, while ETH increased by 0.7%. SOL surged by 55%, and ADA, XRP, and AVAX also saw price increases.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 3:46 pm

Avalanche (CRYPTO: AVAX) has seen a 5.68% price drop over the last 24 hours, now at $45.57, despite a 16% increase over the past week. The volatility is highlighted by Bollinger Bands in the provided chart. Trading volume has decreased slightly, while circulating supply has risen by 0.08%, reaching 50.76% of the max supply. AVAX's market cap ranks it 10th at $16.70 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 3:01 pm

Avalanche (AVAX) and Solana (SOL) have surpassed Dogecoin (DOGE) and Binance Coin (BNB) in market capitalization. AVAX's market cap reached $17 billion, while SOL's market cap hit $41 billion, making it the fourth largest cryptocurrency. The increase is attributed to lower transaction fees and faster speeds compared to Ethereum (ETH), leading to more activity on the AVAX and SOL networks. The total value locked on Solana has also recovered to $1.79 billion since the FTX collapse.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 4:23 am

A trader turned a $454 investment in Coq Inu (COQ), a meme coin on the Avalanche blockchain, into $2.19 million in two weeks. They sold 4.61 trillion COQ for 32,251 AVAX and 259,000 USDC, retaining 250 billion COQ valued at ~$700,000. Coq Inu's market cap is $230 million, with a 900% price surge in a week. Floki Inu (FLOKI) and Baby Doge Coin (BABYDOGE) also showed movement, with FLOKI down 12% and BABYDOGE up 8% in the last two weeks. Investors are cautioned about the speculative nature of meme coins.

Portfolio Pulse from Murtuza Merchant

December 20, 2023 | 6:16 pm

Avalanche (AVAX) has seen a significant price increase of 7.76% in the last 24 hours, reaching $42.76. Over the past week, the cryptocurrency has risen over 10%, up from $39.11. Despite this recent growth, it remains well below its all-time high of $144.96. Trading volume has decreased by 45% over the past week, while the circulating supply has increased by 0.34% to 365.63 million, approximately 50.78% of the maximum supply. AVAX currently ranks 10th in market cap at $15.75 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 3:02 pm

Avalanche (AVAX) is experiencing significant growth, with an 85% increase in the last month, outpacing Bitcoin (BTC) and Ethereum (ETC). The network's trading volume has risen by 21%, and a record number of tokens have been burned, valued at $16.7 million. New partnerships, such as with Masa for a ZK-data network, are also contributing to the positive outlook. However, technical indicators suggest a potential short-term price drop for AVAX.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 10:35 pm

Bitcoin (BTC) and Ethereum (ETH) experienced fund outflows for the first time in months, with Bitcoin seeing $32.8 million and Ethereum $4.3 million in outflows. In contrast, Solana (SOL) led weekly inflows with $10.6 million. Other altcoins like Cardano (ADA) and XRP also saw inflows. The U.S., Germany, and Sweden faced outflows, while Switzerland, Canada, and Brazil had inflows. Blockchain equities reported significant inflows, marking the largest on record over the past 9 weeks.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 3:33 pm

Bitcoin and Ethereum saw declines over the past week, while BONK and Avalanche led the gainers. BONK was listed on Binance despite volatility warnings. Terra Classic and Chainlink were among the top losers. Avalanche's transaction growth and positive analyst outlook, along with Cardano's network activity, contributed to their gains. Chainlink's new staking pool and XRP's legal concerns impacted their prices. The FOMC meeting and an anti-crypto bill by Sen. Elizabeth Warren influenced market sentiment. BlackRock's move and SEC meetings regarding Bitcoin ETFs were notable developments. A security breach at Ledger due to a phishing attack was also reported.

Portfolio Pulse from Khyathi Dalal

December 15, 2023 | 9:52 pm

Avalanche's (CRYPTO: AVAX) price has risen 5.65% in the past 24 hours to $40.65, continuing a weekly uptrend with a 41.0% gain from $28.2. The coin's all-time high is $144.96. Trading volume increased by 53.0% over the past week, while the circulating supply decreased by 0.55% to 366.14 million, approximately 50.85% of the max supply. AVAX's market cap is now $14.63 billion, ranking it 10th.

Portfolio Pulse from Benzinga Insights

December 15, 2023 | 3:01 pm

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