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In the year 2023, the digital asset market witnessed an exceptional surge, particularly in Bitcoin prices. With an increase of over 172%, Bitcoin proved its resilience with a minor correction of less than 20%. Not only Bitcoin, but Ether and stablecoins also experienced positive capital inflows. This surge in the market surpassed technical and on-chain
A cryptocurrency analyst has shed light on a potential decline in Polkadot, as a sell signal emerges in its weekly price chart. The analyst, Ali, explains that the TD Sequential indicator, widely used for identifying reversal points in asset prices, has been forming for Polkadot. The TD Sequential indicator consists of two phases: the setup
A new player has emerged in the cryptocurrency space, and its name is Solana. Over the weekend, Solana’s trading volume skyrocketed, surpassing that of Bitcoin and Ethereum on major centralized exchanges. This remarkable milestone has caught the attention of industry experts and traders alike, signaling a shifting landscape within the crypto market. An Unprecedented Achievement
In the world of cryptocurrency trading, exchange balance data plays a crucial role in understanding investor behavior. It provides insights into whether investors prefer to store their Bitcoin holdings off-exchange or keep them on exchanges for potential sale or trade. This metric holds the potential to signal market sentiment, with off-exchange storage often indicating a
Solana has experienced a remarkable surge in popularity and market performance throughout 2023. The cryptocurrency has garnered significant attention from both users and investors, leading to substantial gains in its price. This article analyzes the recent milestones achieved by Solana and explores the potential for further growth in 2024, highlighting key factors that have contributed
The Shiba Inu burn initiative has started the week with a positive sentiment as the project experiences a substantial increase in its token burn rate. This surge in burn rate has created excitement within the cryptocurrency market, despite the bearish price action of the Shiba Inu token. According to data from Shibburn, the platform tracking
Bitcoin miners have experienced a significant surge in transaction fee revenue in 2023, according to recent data from Coinmetrics. This article delves into the details of this increase, as well as the challenges miners face, and the potential impact of Bitcoin’s upcoming halving event. In 2023, Bitcoin miners collected an average of $2 million in
XRP, the digital currency associated with Ripple, has been known to experience a cold spell in December. Year after year, the charts turn red and the market sentiment cools down during this time. Many buyers are haunted by memories of the 66% drop in 2021, which still lingers in their minds. They long for the
The Japanese government has recently made a groundbreaking decision regarding the taxation of crypto assets held by corporations. According to local media outlet CoinPost, the imposition of unrealized gains tax on these assets has been ended. This move was reportedly approved during a cabinet meeting on December 22. The new policy will come into effect
XRP, the native token of Ripple, has once again shown resilience in the market, continuing its upward movement with a rise of over 2% in the past day. This surge is accompanied by a noteworthy trading volume of $1.19 billion. Despite facing legal challenges over the past year, XRP has managed to gain more than
Bitcoin has experienced a remarkable surge in value this year, soaring from around $16,500 to nearly $44,000. Many experts predict that this upward trend will continue, with a strong year-end performance. However, there are several key factors that could significantly impact the price of Bitcoin in the near future. One important factor to consider is
In a significant development, the EthereumPoW (ETHW) organization has made the decision to dissolve itself. After thorough discussions and a consensus among the majority, the entity is fulfilling its initial commitments to transition towards complete decentralization. This decision reflects a careful assessment of ETHW’s ability to operate independently, without relying on Core’s support. The unanimous
Paxos, the New York-based stablecoin issuer, has made waves in the cryptocurrency industry with its announcement of the strategic expansion of its stablecoin issuance to the Solana blockchain platform. This move marks a significant milestone for Paxos as it aims to compete with rivals such as Circle and Tether in the highly competitive stablecoin landscape.
On the 30th of July, Curve Finance suffered a significant blow when four of its pools were exploited by hackers, resulting in a staggering loss of $73.5 million. This breach was made possible by a re-entrancy bug within the Vyper programming language. While the community and white hats swiftly responded, recovering a portion of the
Ethereum, the second-largest cryptocurrency, has seen an 85% increase in its market capitalization over the past year. This significant growth has propelled its market cap from around $149.18 billion to its current value of $275.98 billion. Although this growth is impressive in itself, it pales in comparison to the performance of other major assets. Despite
The U.S. circuit court in Washington D.C. has recently ordered the Securities and Exchange Commission (SEC) to reconsider its rejection of a Bitcoin exchange-traded fund (ETF) application by Grayscale, a leading crypto hedge fund. This development has sparked speculation among industry investors and insiders about the potential impact on the price of Bitcoin and other
As the year comes to a close, the interest in altcoins, particularly Polkadot, has seen a remarkable surge. The impressive 47% gain in December alone has made Polkadot (DOT) stand out as a top performer in the cryptocurrency market. In recent news, the value of DOT has experienced a rapid increase, rising by an impressive
The price movement of XRP has been quite turbulent this year, reflecting the inherent volatility of cryptocurrencies. However, despite its ups and downs, XRP has experienced an overall increase of 74% in value, aligning with the general bullish sentiment among cryptocurrencies. While XRP witnessed a significant price spike earlier in the year, it has currently
The Bitcoin market has witnessed a resurgence in bullish momentum as the price of the premier cryptocurrency soared above $43,000 in the past week. After a challenging period where Bitcoin dropped below $41,000, it has regained much of its lost momentum and is now heading towards new highs. This article takes a close look at
The U.S. Securities and Exchange Commission (SEC) has recently imposed a firm deadline of December 29th for companies seeking to launch exchange-traded funds (ETFs) tied to the spot price of Bitcoin, according to sources familiar with the matter. This crucial development emerged from a high-level meeting held on December 21st, where SEC officials engaged with
In recent weeks, the native cryptocurrency of Solana has been on a spectacular climb, breaking beyond the $110 mark on Sunday morning. This surge is a powerful demonstration of the platform’s resilience and growth, as it reaches a level not seen since the night before Terra’s collapse a year and a half ago. The remarkable
In March 2022, Mikhail Klyukin, a Russian banker who had been sanctioned by the White House, made headlines when he sold over £15 million in shares of UK-based cryptocurrency firm Copper Technologies. Klyukin, who held a 2% stake in the company, had been sanctioned due to his association with Sovcombank, a Russian lender closely linked
In recent times, the crypto market has faced declining prices and rising global interest rates. These circumstances have led many investors to shift their attention towards artificial intelligence (AI). While Bitcoin remains a primary focus, experts predict that AI will soon take center stage in shaping the future possibilities of the market. According to Nansen’s
The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has recently shared his concerns about what could lead to Bitcoin’s downfall. In his latest article, he emphasized the uniqueness of Bitcoin, stating that it is different from “every other monetary instrument humanity has ever used.” According to Hayes, Bitcoin was not designed to
The Central Bank of Nigeria (CBN) has made a noteworthy reversal in its stance on cryptocurrency transactions in the country. Previously, a ban was imposed in February 2021 due to concerns over the risks of money laundering and terrorism financing associated with crypto assets. However, a circular issued on December 22 announced the lifting of
Bitcoin has been the subject of much debate and speculation in recent years, with opinions on its future prospects varying greatly. One prominent voice in the financial industry, Fox Business anchor Charles Payne, has expressed his belief in the cryptocurrency’s immense potential. In a recent interview, Payne shared his thoughts on the advantages and disadvantages