After a period of bullish trends, the crypto market abruptly reversed course today, experiencing a significant crash. This downturn is attributed to ongoing political and economic changes across various countries. Despite recent stability following a recovery phase and positive US employment data from May, where the government reported adding 272,000 jobs—exceeding expectations—today’s decline appears influenced…
Discover the potential for exponential growth and substantial returns with Solana meme coins Myro (MYRO), Jeo Boden (BODEN), and Book of Memes (BOME). These tokens are gaining attention in the crypto community for their promising performance and the possibility of lucrative returns amidst the volatile market conditions. BOME’s recent price surge solidifies its standing within…
As the cryptocurrency market heads into the weekend, a slight increase in volatility has been noted. Bitcoin, the leading cryptocurrency, experienced a minor pullback below the $70,000 mark. This adjustment has altered the likelihood of Bitcoin forming a new all-time high (ATH) in the near term. Meanwhile, several altcoins have shown momentum and are anticipated…
The Dow and S&P 500 experienced declines at midday on Monday, June 3, 2024, driven by economic worries following a report of contraction in the manufacturing sector during May. Paramount Global saw its shares surge after news broke that the entertainment giant had agreed to a takeover by Skydance Media and partners. Meanwhile, GameStop shares…
On June 2, 2024, another DeFi platform operating on zkSync and Linea networks suffered a $10 million exploit, highlighting ongoing vulnerabilities in decentralized finance. The breach was detected by cyber threat researcher Officer’s Notes, revealing that Velocore’s tokens used for liquidity on the exchange were compromised. The hackers exploited liquidity provider tokens, stealing over 1700…
This week in the crypto world has seen some intriguing developments. A large amount of Bitcoin was moved from Mt. Gox wallets as preparations to repay creditors began, causing the Bitcoin price to drop below $68,000 and making the crypto markets nervous. Ripple Labs and Bitcoin captured significant attention, while Ethereum and other altcoins experienced…
The crypto market is anticipating potential volatility this week as key job data releases could sway Federal Reserve decisions on interest rates, affecting major cryptocurrencies like Bitcoin and Ethereum. Investors are bracing for a potentially turbulent week as a range of economic indicators are scheduled for release, with particular emphasis on job reports following recent…
Bitcoin’s price showed a modest recovery despite recent U.S. Personal Consumption Expenditure (PCE) data indicating that inflation remained above the Federal Reserve’s target range of 2%. Investors awaited this data following better-than-expected U.S. GDP results for the first quarter. The PCE and Core PCE inflation figures are crucial indicators of current inflation levels and play…
Elon Musk, CEO of Tesla and SpaceX, has publicly supported former US President Donald Trump following Trump’s recent conviction for falsifying business records related to adult film star Stormy Daniels. Musk voiced his concerns on X, previously known as Twitter, criticizing the court’s ruling for undermining public trust. Despite the conviction, which has not substantially…
MATIC displayed bearish signals as both its price and trading activity declined. Despite recent network upgrades such as Polygon 2.0, MATIC struggled and found support around the $0.68 mark. This indicates ongoing challenges despite efforts to enhance the Polygon ecosystem. The cryptocurrency market has seen a slight correction, and Polygon (MATIC) is experiencing similar movements….
Recently, Shiba Inu (SHIB) surprised investors by surpassing the $0.000025 mark and now targets $0.00003. Ethereum (ETH) has been strong, aiming for $4,000, but faces hurdles around $3,900 after encountering resistance. Currently, ETH is consolidating near $3,850. Meanwhile, XRP is struggling below important resistance levels like the 50-day, 100-day, and 200-day EMAs. Since early 2024,…
BlackRock’s iShares Bitcoin Trust (IBIT) has now become the world’s largest Bitcoin exchange-traded fund (ETF), surpassing the Grayscale Bitcoin Trust (GBTC) as per the latest publicly available data. According to the Apollo Bitcoin Tracker, BlackRock’s spot Bitcoin ETF has shown significant growth, accumulating 288,670 BTC. This surpasses Grayscale’s holdings of 287,450 BTC, establishing BlackRock as…
Michael Saylor, CEO of MicroStrategy and a prominent figure in the Bitcoin community, celebrated a major achievement in the cryptocurrency space. Saylor noted that spot Bitcoin ETFs have accumulated around 1 million BTC, which he affectionately referred to as ‘1 Nakamoto’. This milestone underscores the growing institutional interest and investment in Bitcoin through these exchange-traded…
Bitcoin has recently exceeded $72,000 amid anticipation of Ethereum ETF approval. Analysts anticipate Bitcoin may consolidate over the next few weeks, with a crucial short-term support level seen at around $67,500. Bitcoin (BTC) recently climbed above $72,000 in the US as hopes grew for the approval of a spot Ethereum ETF. However, the increase faced…
Bitcoin has climbed 5.57% in the past 24 hours to reach $70,914.89, marking a 13.43% increase from last week. Meanwhile, Ethereum has surged 16.45% since yesterday, trading at $3,645.54, and showing a 24.08% rise over the week. Currently, Bitcoin’s market capitalization stands at $1,399 billion, while Ethereum’s is at $439.12 billion. The global cryptocurrency market…
Lower-than-expected inflation and strong Bitcoin gains are drawing some investors back to crypto, led by the US. Yet, worries over regulatory scrutiny are cooling interest in Ethereum, leading to outflows. According to CoinShares, a prominent digital asset manager, crypto investment products have seen positive inflows for the second consecutive week, totaling $932 million. Bitcoin, often…
Ether (ETH) surged 18% in 24 hours because of new speculation that spot Ether exchange-traded funds might be approved this week, despite months of uncertainty. Bloomberg ETF analysts Eric Balchunas and James Seyffart said there are rumors that the U.S. securities regulator is asking applicants to hurry up with their 19b-4 filings. Because of this,…
Venezuela’s National Power Ministry has taken action against Bitcoin mining operations by disconnecting them from the country’s electricity grid and seizing more than 11,000 Bitcoin miners. This move aims to curb the high energy consumption associated with these mining farms, which has been straining Venezuela’s power resources. Venezuela’s Crackdown on Bitcoin Mining Farms Venezuela’s National…
Cardano’s MVRV ratio has improved, signaling growing investor confidence and potential for positive price movements. Whale investors holding between 100 million and 1 billion ADA have increased their holdings by 11%. Additionally, ADA’s price has broken above a bullish flag pattern on its 8-hour chart, suggesting further upward potential. Cardano Shows Positive Signs with Improved…
Silver’s market cap has grown to over $500 billion, making it larger than Bitcoin’s. This is a significant change, as Bitcoin had overtaken silver just two months ago. Silver has made a strong comeback this year, now ranking as the 8th largest asset by market cap after losing that position in March. Since Bitcoin hit…
The price of Bitcoin surged, surpassing $63,000, following the release of the latest U.S. Consumer Price Index (CPI) data. The report indicated that inflation increased by 0.3%, which was in line with what the market had expected. The Bitcoin price rallies as the latest U.S. CPI inflation data sparks market concerns. The U.S. Core CPI…
Hong Kong’s Bitcoin and Ethereum ETFs faced substantial net outflows, indicating a notable drop in investor confidence and fund performance. The largest-ever outflow occurred on Monday, May 13, completely erasing all gains made since the ETFs were launched less than two weeks ago. On May 13, Hong Kong witnessed the largest-ever net outflow from its…
Bitcoin’s recent 2% rise has sparked speculation about a potential new rally in the cryptocurrency. Several factors, including developments at the Chicago Mercantile Exchange (CME), the state of the U.S. economy, and the actions of long-term holders, are playing roles in driving the crypto markets into positive territory. Bitcoin has surged by 2% within a…
Wintermute, a leading crypto trading firm, has teamed up with OSL Digital Securities and HashKey HK Exchange to provide liquidity for the newly launched spot bitcoin and ether exchange-traded funds (ETFs) in Hong Kong. Wintermute will assist OSL and HashKey by facilitating the buying, selling, and delivery of BTC and ETH ETFs. These two companies,…
Mastercard is teaming up with leading US institutions to try out shared-ledger technology for settling tokenized assets, such as commercial bank money. This collaboration aims to explore how this technology can streamline the settlement process for tokenized assets across different financial entities. Testing Shared-Ledger Technology for Tokenized Asset Settlement Mastercard and its partners are conducting…
Bitcoin’s value has surged by 6.47% due to positive news about the Federal Reserve’s interest rate plans and strong labor market reports. This indicates that investors are feeling more confident about the cryptocurrency. Bitcoin’s recent 6.47% surge is fueled by growing optimism, propelled by positive macroeconomic indicators. The uptick in the U.S. M2 money supply,…
The Federal Reserve didn’t surprise many by keeping its main interest rate unchanged at the Federal Open Market Committee Meeting (FOMC) on Wednesday. This decision, though, might not be what some investors in cryptocurrencies and stocks were hoping for. Earlier that day, Bitcoin’s price had fallen sharply by 6%. Bitcoin Price Reacts Positively to Fed…
Bitcoin’s price experienced a 5% pullback following the lackluster debut of Bitcoin and Ether ETFs in Hong Kong. Concerns over high leverages liquidation also contributed to the decline. Despite hopes for a relief rally, the ETFs’ launch failed to meet market expectations. The disappointing debut in Hong Kong added to the market’s concerns. Additionally, U.S….
The crypto market is really interested in what the FOMC decides about interest rates. They’re waiting eagerly because the most recent GDP & PCE data has got them worried. They’re thinking there might be a delay in the Fed’s plans to cut rates, and that’s making them concerned. Crypto investors are nervous as they wait…
The crypto market got even more chaotic when the CEO and chief technology officer of Samourai Wallet got in trouble with the U.S. Department of Justice (DOJ). Bitcoin, Ether, and other big cryptocurrencies took a quick dive when news broke about the arrest of the Samourai Wallet founders. This happened while tensions were already high…
Bitcoin mining stocks recovered shortly before the halving, after weeks of decline. Tension in the Middle East slowed growth in tech stocks, showing a correlation between stocks and crypto assets. The halving today will halve miner rewards, leading to significant market movements in recent months. Bitcoin’s price sits at $63,501 as it battles against liquidations…
Bitcoin’s fourth halving block was just confirmed, mined by ViaBTC, according to Blockchain.com. This event slashes the mining reward in half, a measure taken every four years to limit new bitcoin creation and control inflation. In the halving block, there were 3,050 transactions, and they paid a whopping total of 37.6256 BTC (that’s about $2,401,399)…
With the Bitcoin Halving just hours away, investors and miners are preparing for potential market impacts. Occurring roughly every four years, this event often sparks price surges across major cryptocurrencies. As miners face reduced rewards, investors anticipate potential market shifts. Stay tuned for insights as the countdown to the Bitcoin Halving progresses. Bitcoin Halving: An…
Google’s CEO, Demis Hassabis, announced at a TED conference in Canada that Google DeepMind plans to invest over $100 billion in developing Artificial General Intelligence (AGI). This decision was influenced by Microsoft’s “Stargate” initiative, highlighting Google’s dedication to advancing AGI technology. DeepMind co-founder Demis Hassabis, who joined Google after its acquisition of DeepMind in 2014,…
BlackRock’s Robert Kapito predicts that the market will bounce back, driven by almost $9 trillion in cash reserves. With investors closely watching Federal Reserve decisions, Kapito cautions about changing trends and highlights BlackRock’s strategic readiness. Robert Kapito from BlackRock foresees a market resurgence powered by close to $9 trillion in cash reserves. Investor behavior will…
Elon Musk intends to implement charges for new X users as a measure to combat bots. However, the crypto community remains skeptical about its effectiveness in addressing scammers. Musk’s proposed changes involve cost-cutting measures and an increase in platform fees. Billionaire Elon Musk has revealed his intention to start charging new users on his social…
Ethereum’s price fell below $3,000, prompting increased whale activity on Binance. Despite the dip caused by the Israel-Iran conflict, Ethereum swiftly rebounded, exceeding $3,150. This recovery is driven by whales purchasing substantial amounts during price drops. Matrixport bought $50 million ETH on Binance, capitalizing on price dips below $3,000. Top Ethereum whales follow suit, leveraging…
Memecoins plunged 18% in the past day amid a broader crypto sell-off. Despite investor caution over market uncertainties, digital asset volatility persists, resulting in widespread losses. Key memecoins saw significant outflows, with losses reaching up to 17%, dampening monthly gains. However, anticipation for Bitcoin’s supply halving offers a ray of hope for some users. Memecoin…
Bitcoin has experienced a significant decline, dropping by 16.2% or $10,000 from its yearly high of $73,794 on March 14th. Just last month, on March 13th, Bitcoin reached $73,000, making it the eighth largest asset globally by market capitalization. Currently, it is trading around $63,000. Bitcoin Slides Amidst Iran-Israel Tensions Bitcoin saw a significant decline,…
Argentina is facing severe economic problems as inflation reaches record highs, driving away tourists and dollars. In the midst of this financial turmoil, President Javier Milei manages to make time for a date with Elon Musk in Texas. Argentina’s reputation as a budget-friendly destination is quickly diminishing. Tourists, who contributed $3.2 billion to the economy…
This week, important global economic events might affect how people feel and the prices of cryptocurrencies. Surprising U.S. inflation data from last week has made people wonder what the Federal Reserve might do next. Also, investors are excited about the upcoming Bitcoin Halving event and how it could change Bitcoin’s prices. Investors in the crypto…
Galaxy Digital notices a shift from past Bitcoin halving patterns, as Bitcoin fails to hit new highs after halving. The firm points out the influence of Bitcoin ETFs introduced in January. Meanwhile, Mike Novogratz stresses the need for urgent action on the U.S. debt deficit, advocating for spending cuts and higher taxes on the wealthy….
As Bitcoin surged above $72,000, short positions suffered the most from market volatility. Coinglass data reveals that over the last day, there were more than $47 million in bitcoin short liquidations. In the wider crypto market, liquidations hit over $152 million, with about $107 million from short positions. Bitcoin, the largest digital asset, rose by…
Investors are puzzled by the volatile nature of the crypto market. Projects such as Fetch.ai and Rendr are gaining considerable attention. The question arises: Is it wiser to hold onto or sell these tokens? Investors are scratching their heads over the ups and downs of the crypto market, particularly when it comes to artificial intelligence…
The cryptocurrency market recently took a hit as bears pushed prices down, leading to a 5.89% drop in the overall market cap. Bitcoin, the top cryptocurrency, saw a sudden fall to $66,000, while Ethereum briefly dropped to $3,319. During this time, the entire network saw a total liquidation of $157 million, with $144 million coming…
In the last 24 hours, there’s been a big increase in people wanting to sell Ethereum (ETH) instead of buying it, which shows a lot of negative feelings about its future. Because of this, the price of ETH might drop below $3,000 soon. After bouncing back last week and reaching over $3,600, Ethereum (ETH), the…
Analyst Jelle predicts that Bitcoin might reach $75,000 by the upcoming weekend. However, Bitcoin faced an 18% correction, dipping below $61,000. Despite this setback, it managed to bounce back, surpassing $71,500, although it experienced another decline afterward. Following Coinbase’s decision not to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC), both…
Ethereum, the second-largest cryptocurrency globally, is encountering a significant challenge. There’s speculation that the U.S. Securities and Exchange Commission (SEC) might label its main cryptocurrency, Ether (ETH), as a security. This uncertainty has raised concerns about the risks of investing in Ethereum, given the unclear regulatory landscape. This uncertainty has led to concerns about the…
Grayscale’s legal head highlighted that the issues facing a spot Ethereum ETF are akin to those encountered with Bitcoin ETFs. Consequently, they feel less SEC discussion is required for approval. Craig Slam of Grayscale reassured that despite Ethereum’s security classification, their case for an ETF remains robust. Grayscale’s Chief Legal Officer Advocates for Ethereum ETF…
Bitcoin’s price is once again rising, signaling that the bulls are back in control. After a week of declines and negative flows into spot BTC exchange-traded funds (ETFs). The price of Bitcoin has surged past $70,000 for the first time in a week, reaching $70,921. Now, traders are wondering if this upward momentum will lead…