LIVEBinnyBear
@binnybear
Welcome to Binance Square (BinnyBear) Your friendly crypto companion. Simplifying crypto for everyone. Secure, reliable & supportive. Join us!
Following
Followers
Liked
Shared
US shutdowns lead to global decline in Bitcoin ATMs
#BTC #bitcoin #btc70k
$BTC
Countries worldwide contributed heavily to the month-on-month increase in Bitcoin ATMs throughout 2024, collectively coming close to reclaiming the 38,000 mark.
For the first time since July 2023, the number of active Bitcoin ATMs worldwide has decreased.
The United States and Canada represent 91.4% of the total Bitcoin (BTC ▲ 70,979$) ATM network, each hosting 31,089 (82.6%) and 2,909 (7.7%) machines, respectively.
Countries worldwide significantly contributed to the month-on-month increase in Bitcoin ATMs throughout 2024, nearly reclaiming the 38,000 mark lost in January 2023.
However, the 10-month-long global crypto ATM growth streak broke after over 300 ATMs went offline in May 2024. As of May 21, the U.S. market lost 302 Bitcoin ATMs during the month, while 28 machines went offline in Canada.
However, new Bitcoin ATMs in Australia, Switzerland and Europe have reduced the net decline in crypto ATMs to 280 at the time of publication.
Law enforcement agencies in the U.S. actively pursue and shut down Bitcoin ATMs frequently used for extortion and scams. However, the reasons behind the recent sharp decline in their numbers remain unclear.
Australia hosts the third-largest network of active Bitcoin ATMs after the U.S. and Canada, with 1,041 (2.8%) machines.
Related:Australia joins 1,000+ Bitcoin ATM club alongside US, Canada.
“Based on our own user surveys, a majority of our users use our products and services for non-speculative purposes, including money transfers, international remittances, and online purchases, among others,” Bitcoin Depot wrote.
According to the ATM operator, the lack of correlation between Bitcoin Depot’s revenues and the BTC price is partly due to the nature of the services provided.
$BTC
Countries worldwide contributed heavily to the month-on-month increase in Bitcoin ATMs throughout 2024, collectively coming close to reclaiming the 38,000 mark.
For the first time since July 2023, the number of active Bitcoin ATMs worldwide has decreased.
The United States and Canada represent 91.4% of the total Bitcoin (BTC ▲ 70,979$) ATM network, each hosting 31,089 (82.6%) and 2,909 (7.7%) machines, respectively.
Countries worldwide significantly contributed to the month-on-month increase in Bitcoin ATMs throughout 2024, nearly reclaiming the 38,000 mark lost in January 2023.
However, the 10-month-long global crypto ATM growth streak broke after over 300 ATMs went offline in May 2024. As of May 21, the U.S. market lost 302 Bitcoin ATMs during the month, while 28 machines went offline in Canada.
However, new Bitcoin ATMs in Australia, Switzerland and Europe have reduced the net decline in crypto ATMs to 280 at the time of publication.
Law enforcement agencies in the U.S. actively pursue and shut down Bitcoin ATMs frequently used for extortion and scams. However, the reasons behind the recent sharp decline in their numbers remain unclear.
Australia hosts the third-largest network of active Bitcoin ATMs after the U.S. and Canada, with 1,041 (2.8%) machines.
Related:Australia joins 1,000+ Bitcoin ATM club alongside US, Canada.
“Based on our own user surveys, a majority of our users use our products and services for non-speculative purposes, including money transfers, international remittances, and online purchases, among others,” Bitcoin Depot wrote.
According to the ATM operator, the lack of correlation between Bitcoin Depot’s revenues and the BTC price is partly due to the nature of the services provided.
#BinanceLaunchpool
#buythedip
$NOT
Notcoin’s explosive growth drives crypto adoption on Telegram
Blockchain games built on TON are onboarding millions to Web3 on Telegram, with idle games like Notcoin leading the charge.
Telegram’s massive user base is proving to be a greenfield for cryptocurrency adoption as viral games like Notcoin explode in popularity.
It took less than two months for Notcoin to attract over 30 million users on Telegram and set up TON-based cryptocurrency wallets.
The “idle game.” in which users tap their screens to earn NOT tokens, has onboarded 1% of Telegram users to Web3. The subsequent listing of NOT tokens on high-profile cryptocurrency exchanges has also led to a financial windfall for casual gamers.
Inal Kardan, gaming lead at TON Foundation, spoke exclusively to Cointelegraph about blockchain gaming’s unrivaled ability to attract new users into the cryptocurrency ecosystem.
#buythedip
$NOT
Notcoin’s explosive growth drives crypto adoption on Telegram
Blockchain games built on TON are onboarding millions to Web3 on Telegram, with idle games like Notcoin leading the charge.
Telegram’s massive user base is proving to be a greenfield for cryptocurrency adoption as viral games like Notcoin explode in popularity.
It took less than two months for Notcoin to attract over 30 million users on Telegram and set up TON-based cryptocurrency wallets.
The “idle game.” in which users tap their screens to earn NOT tokens, has onboarded 1% of Telegram users to Web3. The subsequent listing of NOT tokens on high-profile cryptocurrency exchanges has also led to a financial windfall for casual gamers.
Inal Kardan, gaming lead at TON Foundation, spoke exclusively to Cointelegraph about blockchain gaming’s unrivaled ability to attract new users into the cryptocurrency ecosystem.
XRP price chart Coinmarketcap
Amid the recent bearish trajectory, XRP’s open interest experienced a drop of 0.73%, descending to $574.13 million. Moreover, XRP, which occupies the seventh position by market capitalization, encountered a slight contraction of 0.52% in its intraday market cap, now evaluated at $28,289,580,993.
Contrastingly, XRP’s trading volume paints a divergent narrative. It has soared by 63.52% from the prior day, escalating to $813,742,892. This alarming increase in trading volume suggests a robust investor interest and confidence in XRP despite the prevailing weak bearish sentiment.$XRP
The XRP/USDT pair breaks a key trendline, indicating a possible 20-30% bullish wave, as it holds its prices above $0.50 and targets $0.55 resistance.
The XRP/USDT trading pair has exhibited alarming movement, breaking a crucial trendline in the 12-hour timeframe. ZAYK Charts confirms this breakout, indicating a potential bullish wave for XRP.
According to a tweet from ZAYK, the XRP market now anticipates a possible 20–30% bullish wave driven by this trendline breach. The chart further reveals that the XRP/USDT pair is anticipated to aim for the $0.68 zone should the bullish uptick occur.
XRP Price Action
As of press time, the XRP coin is experiencing a decrease of 0.39% within the past 24 hours, currently valued at $0.5369. This modest downturn contrasts with the 4.15% appreciation observed the preceding week, indicating a shift in market dynamics.
Amid the recent bearish trajectory, XRP’s open interest experienced a drop of 0.73%, descending to $574.13 million. Moreover, XRP, which occupies the seventh position by market capitalization, encountered a slight contraction of 0.52% in its intraday market cap, now evaluated at $28,289,580,993.
Contrastingly, XRP’s trading volume paints a divergent narrative. It has soared by 63.52% from the prior day, escalating to $813,742,892. This alarming increase in trading volume suggests a robust investor interest and confidence in XRP despite the prevailing weak bearish sentiment.$XRP
The XRP/USDT pair breaks a key trendline, indicating a possible 20-30% bullish wave, as it holds its prices above $0.50 and targets $0.55 resistance.
The XRP/USDT trading pair has exhibited alarming movement, breaking a crucial trendline in the 12-hour timeframe. ZAYK Charts confirms this breakout, indicating a potential bullish wave for XRP.
According to a tweet from ZAYK, the XRP market now anticipates a possible 20–30% bullish wave driven by this trendline breach. The chart further reveals that the XRP/USDT pair is anticipated to aim for the $0.68 zone should the bullish uptick occur.
XRP Price Action
As of press time, the XRP coin is experiencing a decrease of 0.39% within the past 24 hours, currently valued at $0.5369. This modest downturn contrasts with the 4.15% appreciation observed the preceding week, indicating a shift in market dynamics.
$BTC
Here are some of the latest Bitcoin news
- *Bitcoin trades near $67k*: Cryptocurrencies witnessed a decline in Monday's trading as investors adopted a risk-averse stance amid global uncertainties.
- *El Salvador mines nearly 474 bitcoins*: El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
- *Crypto lender Genesis to return $3 billion to customers*: Genesis Global approved to return $3 billion in cash and crypto to customers in bankruptcy liquidation, leaving owner DCG with no recovery.
- *Bitcoin jumps above $65.9k*: Bitcoin and other major cryptocurrencies rose in Thursday's trading session as a milder-than-expected U.S. inflation report raised expectations of potential Federal Reserve interest rate cuts.
Bitcoin is a highly volatile cryptocurrency, and its price can fluctuate rapidly. If you are interested in investing in Bitcoin, I suggest that you regularly check a reliable news source or a cryptocurrency website.
Here are some of the latest Bitcoin news
- *Bitcoin trades near $67k*: Cryptocurrencies witnessed a decline in Monday's trading as investors adopted a risk-averse stance amid global uncertainties.
- *El Salvador mines nearly 474 bitcoins*: El Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, bringing the government's total bitcoin portfolio to nearly $354 million at current prices.
- *Crypto lender Genesis to return $3 billion to customers*: Genesis Global approved to return $3 billion in cash and crypto to customers in bankruptcy liquidation, leaving owner DCG with no recovery.
- *Bitcoin jumps above $65.9k*: Bitcoin and other major cryptocurrencies rose in Thursday's trading session as a milder-than-expected U.S. inflation report raised expectations of potential Federal Reserve interest rate cuts.
Bitcoin is a highly volatile cryptocurrency, and its price can fluctuate rapidly. If you are interested in investing in Bitcoin, I suggest that you regularly check a reliable news source or a cryptocurrency website.
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
ETHETFS
20.8M views
9,941 Posts
Grayscale Withdraws Ethereum Futures ETF Application From SEC
Binance News
13 Likes
6.5k views
btc70k
200,009 views
342 Posts
altcoins
83.2M views
23,406 Posts
