In a recent analysis by a cryptocurrency analyst, it has been brought to light that Bitcoin (BTC) is currently at risk of experiencing a significant price crash if it fails to maintain a crucial support level. The analyst, known as DonAlt, has emphasized the importance of the $63,000 price mark for Bitcoin, stating that failure
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Marathon Digital (MARA) experienced a significant drop in its shares in after-hours trading following a second-quarter revenue report that failed to meet Wall Street’s expectations. The company reported revenue of $145.1 million, falling short of the forecasted $157.9 million by approximately 9%. The revenue miss was attributed to operational challenges such as unexpected equipment failures,
Opeyemi is not your average writer. He delves into the complexities of blockchain technology with a passion that is palpable in his work. His ability to connect price charts to on-chain movements and blockchain activities sets him apart in the cryptocurrency realm. While many may find analyzing price patterns a daunting task, Opeyemi thrives on
In July, the total stablecoin market capitalization saw an impressive growth of 2.11%, reaching a total of $164 billion. This upward trend marks the tenth consecutive month of ascent for major stablecoins, with their market dominance increasing to 6.93%. Tether, the largest stablecoin by market cap, experienced a 1.61% increase to $116 billion, setting a
Moonfrost is a free-to-play farming RPG game that draws inspiration from popular classics such as Stardew Valley, Animal Crossing, and Zelda. The game offers players the opportunity to expand their farm, explore the world of Moonfrost, and collaborate with other players to earn Solana-based NFTs and FROST tokens. While the concept of the game seems
Recent on-chain data has revealed the activities of a Bitcoin whale known as 12QVs…oN2qo, who has accumulated nearly $400 million worth of BTC between July 30 and 31. This significant purchase indicates a bullish sentiment towards the flagship cryptocurrency, as the whale foresees potential for substantial profits in the near future. The whale’s decision to
Investing in Bitcoin can be a challenge due to its market volatility and price fluctuations. However, a crypto analyst named ‘Stockmoney Lizards’ has identified crucial price levels that investors should monitor for potential buying opportunities. According to the analyst, Bitcoin’s recent price actions suggest a classic 5-wave uptrend followed by an ABC correction with an
Senator Cynthia Lummis of Wyoming has recently introduced a groundbreaking Bitcoin bill that could potentially change the landscape of digital assets in the United States. This bill, dubbed the “Bitcoin Act,” has been likened to the historic Louisiana Purchase and aims to bolster the government’s holdings of Bitcoin over the next five years. The proposed
In the second quarter of 2024, Riot Platforms experienced a significant setback with a net loss of $84.4 million, a sharp increase from $27.4 million in the same period the previous year. This widened loss can be attributed to the lingering effects of the Bitcoin halving that occurred in April. Despite this, Riot still managed
Semilore Faleti, a cryptocurrency writer, has made a name for himself in the world of journalism and content creation. His journey began with writing on various topics, but he soon found his niche in the complexities of blockchains and cryptocurrency. Faleti’s passion lies in the efficiency of digital assets and their potential to revolutionize the
The cryptocurrency market experienced a rollercoaster ride this past week, with Bitcoin’s price fluctuating significantly. The week kicked off on a positive note as Bitcoin saw a $3,000 surge on Monday, reaching $70,000 for the first time since early June. This surge was attributed to former US President Donald Trump’s pro-bitcoin comments at the 2024
In the past few hours, Bitcoin has experienced a significant drop, falling below $60,000 for the first time in several weeks. This comes after a period of volatility, where the price of the asset reached a peak of $70,000 just last Monday, only to plummet by four grand later that day. The bears have been
California’s Department of Motor Vehicles (DMV) has taken a significant step towards modernization by digitizing 42 million car titles using the Avalanche (AVAX) network. This collaboration with software development firm Oxhead Alpha aims to streamline the state’s title transfer process. The upcoming mobile application will allow users to easily claim their digital titles without the
The recent charges filed by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) against Nader Al-Naji have shed light on a multi-million-dollar fraudulent scheme involving BitClout, a social media platform, and its native token BTCLT. According to the SEC complaint, Al-Naji managed to raise an astonishing $257 million through unregistered
Recently, on-chain sleuth ZachXBT made a significant discovery linking convicted UK hacker Gurvinder Bhangu, also known as Gurv, to the hacking incidents involving American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These hacks resulted in over $530,000 being stolen through Solana meme coin scams. On July 2nd, Sydney Sweeney fell victim to a
Bitcoin’s price took a hit recently as it broke down below the $64K support level. This drop has put the cryptocurrency in a critical area that could have a significant impact on the market’s mid-term outlook. The daily chart reveals a pattern of decline, starting from a double top formation at the $68K resistance level.
John is a dedicated writer with a strong passion for the cryptocurrency industry. Despite not initially choosing this path, he has become deeply engrossed in the world of digital assets for over two years. His commitment to unraveling the complexities of blockchain technology and sharing insights on the latest trends in cryptocurrencies is unparalleled. John
Bitcoin miners are currently experiencing a rise in profitability and an uptick in hashrate following the recent rally of Bitcoin to the $69,000 range. The recovery of the hashrate by 6% to 604 EH/s is a positive sign for the network, indicating potential stability and strength in the market. Additionally, the Miner Profit/Loss Sustainability metric
The recent economic uncertainty in the United States has sent shockwaves through the cryptocurrency market, causing significant price drops in major digital assets. Bitcoin, the leading cryptocurrency, saw a sharp decline to $60,500, marking its lowest price point in almost three weeks. The altcoin market fared even worse, with coins like SOL, TON, and UNI
Bitfarms, a Bitcoin mining company based in Toronto, recently reported a significant increase in its operational hash rate. By the end of July, the company’s hash rate had reached 11.1 EH/s, representing a 109% year-over-year increase and a 7% rise month-over-month. The average hash rate for the month was 10.3 EH/s, showing a substantial 36%
The real identity of Satoshi Nakamoto, the enigmatic creator of Bitcoin, has baffled the world for over a decade. Despite numerous theories and speculations, the true identity of this individual remains shrouded in mystery. One prominent figure, software developer Craig Wright, has boldly claimed to be the mastermind behind Bitcoin. However, another theory put forth
MicroStrategy, renowned for being the largest public Bitcoin holder globally, has recently revealed plans to raise up to $2 billion through the sale of its class A shares. This move signifies a continued strategic focus on expanding its cryptocurrency portfolio. The funds generated from the stock sale will be utilized for general corporate purposes, with
In a bid to attract more investors, Futu Securities International, the largest online broker in Hong Kong, has recently introduced retail cryptocurrency trading in the city-state. This strategic move has piqued the interest of residents in Hong Kong who can now trade in popular cryptocurrencies such as bitcoin and ether on the brokerage platform using
In the world of cryptocurrency, Cardano (ADA) has been making waves lately, especially in terms of transaction volume. It has been observed that Cardano is now in competition with Ethereum in terms of large transaction volume. This is a significant development for the ADA ecosystem, as it indicates a surge in accumulation among the token’s
In recent days, Ripple’s XRP has experienced a significant price drop from $0.66 to around $0.56. This represents a 7% decrease on a daily scale and a 14% decline since its recent peak. Analysts have pointed out a bearish pattern that suggests a further downtrend in the price of XRP. Veteran trader Peter Brandt has
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Solana has recently made headlines in the world of decentralized exchanges (DEX) by surpassing Ethereum in monthly DEX volume for the month of July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking a significant milestone for the network. This surge in volume is attributed to the increasing activity on Solana’s platforms such