BingX Blog

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Bitcoin Soars as Dollar Sinks: The Crypto Market’s Wild Ride

Ever wondered what happens when the world’s most powerful fiat currency starts acting like it’s on a rollercoaster? Investors are finding out, and it’s making Bitcoin look like the cool kid at the financial party. As the U.S. Dollar stumbles, cryptocurrencies are dancing in the spotlight, with Bitcoin recently hitting a high of $92,730. The dollar’s recent decline is tied to political drama and economic uncertainty over global trade and the developments happening over at the Federal Reserve in the USA. This interesting environment has made alternative assets like Bitcoin quite attractive so let’s jump right in why that is the case. Bitcoin’s Meteoric Rise Amid Dollar Decline Bitcoin is having a surge in price recently and it isn’t just about digitial enthusiasm. It’s more of a response to the current tangible economic shirts. Here is how: the dollar weakens as investors seek assets that can retain value and luckily for us, Bitcoin fits the bill
3 min

Daily Crypto Deep Dive with BingX: April 24th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart of BTC/USDT on April 24, 2025, shows Bitcoin experiencing a decline over the past day. Starting at $92,304.34 on April 23, the price has dropped to a real-time value of $92,346, marking a 0.97% decrease within the last 24 hours. This pullback follows a strong rally from $83,949.42 earlier in the week, with the price peaking at $94,696.05 before the recent downturn. On a 1-day perspective, this decline indicates a short-term correction within a broader bullish trend, as Bitcoin remains above the 200-day moving average of $87,041.11, suggesting the overall uptrend is still intact despite the recent dip.   Technical indicators on the 4-hour chart reflect the bearish momentum. The MACD (12,26,9) shows a value of 185.73, a DEA of 190.79, and a histogram at -154.00, indicating a bearish crossover and increasing selling pressure. The RSI (14) at 53.81 has retreated fro
3 min

Ethereum Burn Rate: Still Lit Or Just a Flicker?

Are you holding ETH that you purchased well above the current market price and is currently doubting its long-term prospects due to Ethereum’s lack of price action? If it’s worth any condolence, you’re not alone. CoinGecko’s recent 2025 Q1 Crypto Industry Report, sponsored by BingX, has shed some interesting light on Ethereum’s burning mechanism as of late. You don’t need to be a beginner crypto investor to be suffering from an ETH investment in 2025 as even experienced traders working full time in the blockchain industry falls prey to Ethereum’s lack of positive price movement. One aspect of this lack of price action is its ETH burn rate compared to its emission rate. Thankfully, CoinGecko’s 2025 Q1 Crypto Industry Report has provided us ample data and analysis to better understand how these burn and emission rates have impacted Ethereum’s price. Let’s take a closer look and figure out whether your ETH is worth HODLing or if you should ever consider taking a haircut on it.
4 min

Daily Crypto Deep Dive with BingX: April 23rd, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart of BTC/USDT on April 23, 2025, shows Bitcoin continuing its upward momentum over the past day. Starting at $94,194.72 on April 22, the price has risen to a real-time value of $94,303. This follows a significant rally from $83,949.42 earlier in the week, with the price peaking at $94,514.79 before a slight pullback. On a 1-day perspective, this upward movement indicates a strong bullish trend, as Bitcoin has surpassed the 200-day moving average of $89,065.10 and is approaching the recent high of $94,514.79, suggesting sustained buying interest after a period of consolidation. Technical indicators on the 4-hour chart confirm the bullish sentiment. The MACD (12,26,9) shows a value of 1328.18, a DEA of 139.19, and a histogram at 97.18, indicating a bullish crossover and strong upward momentum. The RSI (14) at 74.63 is in overbought territory, reflecting intense buying p
3 min

Code, Chaos, and Confidence: The DAO Dilemma and the Case for Centralized Stability

Imagine a company where decisions are made by clicking buttons and voting with tokens instead of heated boardroom debates. Think of seasoned executives butas token holders with some of them have’t participated in anything since years ago. That’s the current reality of DAOs: bold, decentralized, and often alarmingly…chaotic. DAOs were meant to eliminate human error and central control is still an ideal that is somewhat detached from our current application of it. As recent governance controversies have unraveled followed by massive token price impacts, it’s becoming more clear that having the tech isn’t the same as having the tools or experience to manage it more responsibly. In the thick of these developments, centralized exchanges are proving to be stabilizing force in the crypto ecosystem. While DAOs wrestle with inconsistent participation and unpredictable outcomes, centralized exchanges continues to offer secure trading, institutional-grade support, an
4 min

Bitcoin and S&P 500: How the Downturn in Q1 2025 Signals Macro Challenges

The first quarter of 2025 marked a rollercoaster for the global financial markets, with cryptocurrency and traditional equities moving side-by-side. The total crypto market capitalization plummeted 18.6% to $2.8T after reaching a year-to-date high of $3.8T, while Bitcoin (BTC) fell 11.8% to $82,000. Concurrently, the S&P 500 declined 4.4%, revealing a strong correlation between these asset classes, driven by macroeconomic headwinds. This alignment underscores crypto’s growing integration into mainstream finance, a trend highly relevant to the UAE’s ambition to lead in blockchain and AI innovation through its National Strategy for Artificial Intelligence in 2031. Coingecko’s 2025 Q1 Crypto Industry report highlights that Bitcoin and the S&P 500, which were often correlated above 0.5 in recent years, faced synchronized declines in Q1 2025, largely due to global economic uncertainties following a tariff war sparked by Donald Trump’s inauguration. Bitcoin,
3 min

Daily Crypto Deep Dive with BingX: April 21st, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart of BTC/USDT on April 21, 2025, shows Bitcoin experiencing a significant surge over the past day. Starting at $83,949.50 on April 20, the price has risen sharply to a real-time value of $87,415, marking a 3.62% increase within the last 24 hours. This upward movement follows a consolidation phase between $80,000 and $84,000, with the price breaking above the recent high of $83,949.50 and reaching $87,738.00 before a slight pullback. From a 1-day perspective, this rally suggests a potential resumption of bullish momentum, as Bitcoin moves closer to the 200-day moving average of $87,929.93, indicating a possible shift in the broader trend after weeks of correction. Technical indicators on the 4-hour chart support the bullish momentum. The MACD (12,26,9) shows a value of -520.30, a DEA of -424.40, and a histogram at -423.57, indicating that while the trend has been beari
4 min

Cryptocurrencies with Recent Developments to Watch This Week

It’s another interesting week with more crypto revelations to discover. From smart contracts to new tools, exciting things are zooming by faster than we can keep up. Whether you’re a long-time investor or just getting started, some updates are just too juicy to pass by. Let’s have fun and take a look at a few cryptocurrencies making interesting waves recently. Stacks (STX): Bitcoin’s Smart SideKick Stacks has interesting developments lately and its great news for those who think DeFi can thrive on the Bitcoin L1 network. The Nakamoto release is now live on testnet so that brings faster transactions and much better security to Bitcoin smart contracts. On top of that, the new clarity smart contract language is making life much easier for developers who want to build on Bitcoin. All of these new advancements is helping Stacks become a stronger key player in bringing smart contracts to Bitcoin. Clarity’s predictable nature offers Bitcoin developers a much more
3 min

Beyond the Surface: Breaking Down Token Crashes and Accountability Involving Forced Liquidations

When a token nosedives 90% in a matter of minutes, the pitchforks come out. Though before we burn centralized exchanges at the stake, shouldn’t we ask a critical question: was it actually the fault of centralized exchanges? The recent meltdown of the OM token, associated with the Mantra project, sparked a fury of finger-pointing, wild speculation, and a digital riot on social media. While some investors blamed exchanges for not halting trades or warning the public, others noticed something more suspicious: wallets linked to project insiders had moved substantial sums prior to the collapse. It’s not proof of wrongdoing, but it’s certainly enough to fuel conspiracies. Behind the bot-engaging, collateral-triggering chaos though, lies a crucial learning lesson behind the finger pointing. Let’s dive into the multiple moving pieces of this complex story as an example to further deepen our understand the involving market volatility, leverage misuse, and strategic silence. The History of
5 min

What Is Ripple? What Is XRP?

Introduction to Ripple Ripple is identified as a digital payment network and protocol with its native coin called XRP. It splits into two portions; Ripple act as XRP cryptocurrency for banks, and Ripple as a company transfer money between banks and financial institutions quickly and cheaply worldwide. RippleNet (ripple.com) is a network of institutional payment providers that provide a frictionless experience to send money anywhere on the horizon of the globe (Ripple, 2023). XRP is a token used to transfer value across the Ripple network. It performs the role of mediator between crypto and fiat exchanges. Ripple is popularly known as the child of the banks. Let’s explore both XRP, a digital coin, and RippleNet in detail. What Is RippleNet? Ripple is a blockchain-based digital payments settlement system, currency exchange network, and remittance network developed by Ripple Labs. Ripple network facilitates payment transfer from bank to bank through an inter-ledger protocol that connects
12 min