Despite its widespread popularity, Ethereum continues to underperform compared to other top cryptocurrencies by market cap. Investors are experiencing losses as the price of ETH continues to drop. There is a looming threat of the price falling below $2,000 if the bearish trend persists. Falling Wedge Pattern One glimmer of hope for Ethereum is the
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Bitcoin (BTC) faced significant price weaknesses over the weekend after the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. Following the NFP data release, BTC experienced a sharp decline of almost 5%, dropping below the $54,000 range, reaching its lowest level since early August. This price weakness also had a
Friend.tech recently made a controversial decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move had immediate and lasting effects on the platform’s ecosystem, particularly on the value of the FRIEND token. Prior to this decision, Friend.tech was already facing challenges such as stagnation in user growth and
The Bitcoin Rainbow Chart has been a point of focus for crypto analyst Daan Crypto, providing valuable insights into the current price action of the leading cryptocurrency. Daan Crypto emphasized the importance of Bitcoin holding above the $60,000 mark to initiate a bullish reversal in the market. According to the analyst, breaking above $60,000 is
The United States Federal Bureau of Investigation (FBI) has recently issued a warning to the public regarding aggressive attacks from North Korean hackers targeting the crypto industry and companies associated with digital asset investment products. These attacks are not just simple breaches, but rather sophisticated social engineering tactics that pose a significant threat even to
Ethereum, once hailed as the platform for decentralized applications and smart contracts, has been struggling in comparison to Bitcoin since undergoing the Merge two years ago. Its performance has taken a hit, losing its reputation as ultra-sound money and teetering on the edge of undervaluation. One of the major drivers of Ethereum’s underperformance, as identified
Bitcoin’s market price has recently experienced a significant decline to its lowest point since the early August sell-off. The price plummeted below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US, signaling a shift in market sentiment. Despite a previous recovery where BTC surged to $65,000, it appears that
Cardano (ADA) has been experiencing a period of uncertainty in the market, with the price hovering just below a critical resistance level at $0.33. Despite this, on-chain data suggests that some investors view this as a potential buying opportunity, indicating growing optimism for a market recovery in the near future. The Exchange On-chain Market Depth
Bitcoin experienced a significant drop in price on Friday, only to somewhat recover on Saturday. Despite this recovery, the cryptocurrency has been hovering above $54,000. The journey to this point has been tumultuous, with bitcoin reaching close to $60,000 on Tuesday before heading south rapidly. After a series of highs and lows, including a spike
Recently, in a groundbreaking case in Scotland, a significant amount of cryptocurrency, amounting to approximately £110,000, was confiscated from a 29-year-old man named John Ross Rennie. This case is particularly notable as it is the first instance where proceeds of crime legislation have been utilized to seize cryptocurrency and convert it into physical cash. The
The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) sheds light on the regulatory challenges faced by financial institutions catering to cryptocurrency companies. The central bank raised concerns about significant deficiencies in UTB’s governance, particularly in its compliance with anti-money laundering (AML) laws and risk management related to virtual
Cryptocurrency, a volatile and ever-evolving realm, has captured the attention of many enthusiasts and professionals alike. Among them is Opeyemi, a proficient writer who embarked on a journey into the world of digital assets over two years ago. Despite not initially choosing the digital asset industry, Opeyemi found himself deeply immersed in the intricacies of
Ethereum, one of the leading cryptocurrencies in the market, has been facing a significant downturn recently. This bearish trend can be attributed to several factors, including a pullback to the lower boundary of a broken wedge pattern and the formation of a death cross. These signs have instilled fear and uncertainty among investors, leading to
In the ever-volatile world of cryptocurrency, one trend remains unwavering – the presence of large investors known as whales. Despite the unpredictable nature of the market, data intelligence firm Santiment has identified a surge in whale activity within certain crypto projects. These whales, defined as investors conducting transactions valued at $100,000 or more, have significantly
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. Since then, Ethereum has fallen 44% against Bitcoin. This dramatic
The recent market crash in the Bitcoin and crypto space has left many investors feeling uncertain. The Fear & Greed Index, a key indicator of market sentiment, has dropped into the Extreme Fear territory. This suggests that investors are hesitant to enter the market, which could potentially lead to a positive outcome. The Fear &
Recent developments in the crypto market have shown that Ethereum is currently in oversold territory. This could potentially be a bullish sign for the second-largest cryptocurrency by market cap. According to crypto analyst Titan of Crypto, Ethereum is poised for a price rally that could push its value as high as $6,000. Historically, Ethereum has
Trading bots have become increasingly popular in today’s financial markets. These computer programs use algorithms to analyze market data and execute trades automatically. They operate based on pre-set rules and can function without human intervention once set up. This can save traders time and effort, especially in fast-paced markets. Trading bots offer several advantages that
The recent release of the US jobs report fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000+. This disparity in numbers has caused mixed reactions in the market, particularly with Bitcoin prices seeing a surge towards $57,000. The discrepancy in job creation has raised concerns about the
The recent data suggests that the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has dropped significantly compared to earlier this year. This decline in UTXOs aligns with the current downward trend in bitcoin’s price and the broader cryptocurrency market. According to a report by CryptoQuant analyst EgyHash, this could potentially signal the start
Toncoin (TON) had a promising start in 2024, reaching an all-time high of nearly $8.20 in mid-June. However, the cryptocurrency took a nosedive towards the end of August, currently trading at around $4.80, marking a 40% drop from its peak. The downfall began following the arrest of Pavel Durov, founder and CEO of Telegram, in
Recently, a federal judge made a significant ruling in a proposed class action lawsuit against Coinbase, the largest US crypto exchange. The lawsuit, filed by shareholders, accuses Coinbase of downplaying the possibility of being sued by the US Securities and Exchange Commission (SEC). The judge, Brian Martinotti, rejected Coinbase’s motion to dismiss the lawsuit, acknowledging
As the global economy faces uncertainty amidst the troubling forecasts of a US recession, popular crypto analyst Dan Gambardello recently shared his insights on the potential future of the Cardano (ADA) price. With a significant following on YouTube, Gambardello highlighted the unease among ADA holders and crypto investors in general. Drawing parallels between historical S&P
Arthur Hayes, the co-founder of BitMEX, recently shared his pessimistic views on the immediate future of the Bitcoin price. In his X profile, Hayes admitted to taking a short position on BTC and expressed his target of sub $50k for the weekend. Despite not providing explicit reasons for his prediction, Hayes’ statement coincides with the
As the ApeCoin ecosystem continues to evolve, a clear Blueprint has been established to guide its future development. At the core of the ecosystem lies the blockchain layer, known as ApeChain, which is dedicated to enhancing the experience for both developers and users within the ecosystem. With a focus on improving the visibility of decentralized
The crypto market is highly responsive to news, trends, and community discussions, making it essential for investors to have a deep understanding of the narratives shaping the industry. According to Santiment, a crypto research and intelligence platform, these narratives play a crucial role in influencing market movements and can provide investors with a competitive edge.
The summer of 2024 has brought a familiar story for Bitcoin investors, as the price of the leading cryptocurrency has experienced significant weakness. Since the beginning of June, Bitcoin has been facing downward pressure, with multiple flash crashes shaking the market. The price has plummeted from over $70,000 to below $50,000 at one point, causing