BingX Blog

Your go-to source for BingX stories, company news, and product updates.

Bitcoin Ordinal NFTs: Short-term Hype or Long-Term Potential?

What if the next big thing in NFTs isn’t on Ethereum or Solana, but Bitcoin? Sounds strange? That’s exactly why it’s worth paying attention. Bitcoin Ordinals, a quirky yet compelling innovation, have stormed the NFT world, pulling attention away from established chains. Are they a flash in the pan like meme coins, or are they laying the groundwork for Bitcoin’s role in digital collectibles? The data from CoinGecko’s 2025 Q1 Crypto Industry Report paints a fascinating picture of an NFT battle between chains, traders, and taste. A Breakout Quarter: Ordinals Overtake Ethereum The first quarter of 2025 saw a plot twist nobody expected. While Ethereum-based NFT volumes did indeed plummeted byover a nasty 85%, Bitcoin NFTs went parabolic. In March alone, Bitcoin Ordinals trading volume exploded from $116 million in February to $547 million. That’s a 3.7 jump within one quarter. The culprit? A frenzy of minting activity with projects like Ordinal Maxi Biz a
4 min

GOLD vs BTC: The better Store of Value in 2025?

Is your piggy bank feeling outdated? In 2025, the age-old debate between gold and Bitcoin as the superior store of valuehaintensified. With Bitcoin’s meteoric rise and gold’s enduring legacy, even those who have yet to invest even 1 USDT in cryptocurrencies are left pondering: which asset truly holds the crown? Let’s delve into the latest developments to uncover more for your enlightenment. A Tale of Two Assets Bitcoin has recently surged back to an impressive $94,000, fueled by nearly $1 billion in inflows into spot Bitcoin ETFs. This momentum is further bolstered by Cantor Fitzgerald’s announcement of a $3.6 billion crypto venture, Twenty One Capital, in collaboration with SoftBank, and Tether. This venture aims to acquire more than 42,000 BTC, which is quite a bit to say to say the least when 1 BTC is closer to $100k than $20k mark just a few years ago. On the other hand, gold has experienced a slight dip, trading around $3,322 per ounce and this is happening
4 min

Daily Crypto Deep Dive with BingX: April 28th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD shows Bitcoin trading at $95,112 as of April 28, 2025, reflecting a slight increase of 1.51% from recent levels. The price has experienced a recovery from a low of $92,749 earlier in the period, now approaching resistance near $95,758, which aligns with prior highs. The 30-period moving average, at $85,658.3, and the 60-period moving average, at $85,442.4, remain below the current price, indicating that the short-term trend remains bullish. The candlestick patterns show a mix of volatility, with a recent bullish push supported by increased volume, suggesting renewed buying interest. The RSI on the 4-hour chart is at 52.22, indicating neutral momentum, while the MACD suggests a potential bullish crossover, suggesting possible upward momentum in the near term. On the 1-day chart, Bitcoin’s broader trend remains in focus, with the price having climbed
4 min

Week #18: Cryptocurrencies with Recent Developments to Watch This Week

The cryptocurrency market has seen mixed movements this week, with select altcoins making headlines amid broader market consolidation. Key developments around regulatory adoption, partnerships, and corporate treasury strategies are shaping sentiment. Investors are keeping a close eye on infrastructure growth and corporate adoption narratives that could fuel the next wave of volatility. 1. Avalanche (AVAX): Expanding into regulated finance At the time of publication, Avalanche (AVAX) is currently trading at $21.82, reflecting a 24-hour decline of 2.72% and a 7-day decrease of 5.10%. Avalanche faced moderate selling pressure this week despite a major regulatory breakthrough. Ava Labs announced that its subsidiary, Axiyom, secured a Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN). This milestone enables Avalanche-linked financial products to operate within the U.S. regulatory framework, a major step toward institutional acceptance. While t
4 min

Crypto Nodes Made Simple: How to Run Bitcoin, Ethereum, Solana, and Cardano Without a Supercomputer

Ever wondered if your dusty old desktop or a Raspberry Pi could do more than stream Netflix and collect cat videos? What if it could help secure a blockchain? With all the buzz around crypto, many assume you need a futuristic server room or thousands of dollars in hardware to be part of the network. That’s not the case. Whether you want to validate transactions on Ethereum, stake ADA on Cardano, or help decentralize Bitcoin, getting started with node operation might be easier and cheaper than you think. While ASICs and massive GPUs dominate mining headlines, running a node or validator can sometimes be done on devices no bigger than a lunchbox. Curious how? Let’s break it down by blockchain. Bitcoin Nodes: Old School Security with Low Barriers Running a Bitcoin node isn’t just for tech wizards. In fact, you can operate a full node on something as modest as a Raspberry Pi 4 with 8GB RAM, 1TB SSD, and a stable internet connection. Projects like Umbrel and RaspiBlitz have simplified the p
4 min

Global M2 Data: Can Broad Money Supply Guide Crypto Forecasts?

What if one of the best predictors of Bitcoin’s price isn’t crypto-specific at all, but buried in central bank balance sheets around the world? Could a decades-old macroeconomic metric like the global M2 money supply hold the key to forecasting Bitcoin’s next big move? If that sounds far-fetched, think again. As global liquidity surges and financial markets heat up, wiser eyes are looking towards global M2 as a potential north star for navigating the crypto market. Just before you start tossing your technical analysis out the window and go all-in on macro data, there’s a lot you’ll want to understand. Let’s discover this together. Bitcoin Nears $100K: M2 May Be Whispering Behind the Scenes Bitcoin has been clawing its way toward the long-hyped $100,000 milestone, recently reaching around $93,500. This rally comes at a time when global liquidity is expanding, the U.S. dollar is softening, and investor appetite for risk is steadily growing. While many are quick to credit halving ev
4 min

Daily Crypto Deep Dive with BingX: April 25th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart for BTC/USD shows a recent price movement, with Bitcoin trading at $93,646 as of April 25, 2025. The chart indicates a sharp decline from a high of around $94,469 earlier in the week, followed by a period of consolidation and a slight recovery. The price is currently interacting with the 30-period moving average at $84,654.6 and the 60-period moving average at $84,996.6, which have acted as dynamic support and resistance levels. The candlestick patterns reveal increased volatility, featuring a mix of bullish and bearish candles, which suggests indecision in the market. The RSI on the 4-hour chart is at 53.26, indicating neutral momentum, while the MACD shows a bearish crossover, hinting at potential downward pressure in the short term. On the 1-day chart, Bitcoin’s price action over the past few months displays a broader trend. The price surged from a low of $
4 min

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

Super Seven: BingX Unveils $2.2M Anniversary Campaign With Games and Giveaways

PANAMA CITY, April 24, 2025 – BingX, a global leading cryptocurrency exchange, is excited to launch its Super Seven anniversary celebration with a special campaign featuring a total prize pool of $2.2 million. To commemorate this milestone, BingX is unveiling five interactive activities designed to engage both new and existing users through games, trading competitions, and social challenges. Running from April 24 at 00:00 (UTC+8) to May 26 at 18:00 (UTC+8), this month-long celebration promises a full month of fun, rewards, and community spirit. The festivities begin with a daily BTC Token Merge Game, giving users the chance to test their speed and luck for a share of the $1 million prize pool. Additional activities include solo and team trading competitions, together with a dynamic referral contest. Surprise-filled mystery boxes will be delivered on May 20. Each event offers unique ways to earn through trading performance, social engagement, or simply showing up and playing. Whether yo
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