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…