The cryptocurrency market has been experiencing a turbulent period as the bullish momentum of the Bitcoin price seems to be dwindling. A recent flash crash on April 12 caused Bitcoin’s value to drop from $70,000 to below $67,000, casting doubt on the progression of the crypto bull cycle. Amidst this uncertainty, on-chain analytics platform Santiment
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Bitcoin’s market capitalization has recently surpassed $1.43 trillion, reaching an all-time high. Industry insiders have high hopes for its future value post-halving, with some projections going as high as $3 trillion. However, opinions on BTC’s performance vary, with figures like Ripple’s CEO predicting a global market capitalization of over $5 trillion, exceeding BTC’s current share.
The cryptocurrency market saw a significant correction on April 12, impacting the prices of various digital assets, including Shiba Inu (SHIB). Over the past week, SHIB’s value has dropped by 6%, and over the past month, it has decreased by 20%. While these numbers may seem concerning, there are indications that a potential rebound is
The crypto market recently experienced a sharp decline on April 12, resulting in significant liquidations for traders. Bitcoin, along with major altcoins such as Ethereum and Solana, recorded notable losses in a short period of time. This sudden price dip led to 277,843 traders losing their leverage positions, with total liquidations amounting to a staggering
Bitcoin’s price tends to increase around 6 to 12 months after the Halving event rather than immediately. In the past, significant price gains for Bitcoin occurred approximately one year after the Halving had taken place. After the first Halving on November 28, 2021, Bitcoin witnessed a price surge of over 8,000%. Similarly, the second and
The IRS criminal investigation chief, Guy Ficco, recently addressed the growing concern of taxpayers engaging in tax crimes related to cryptocurrencies. He emphasized that there has been a surge in what he referred to as “pure crypto tax crimes” falling under Title 26 of the US Code, which deals with federal income tax violations. These
Bitcoin has seen a significant recovery in recent days, now hovering around the $70,000 mark. This has brought a sense of optimism to crypto enthusiasts, especially with the highly anticipated Bitcoin Halving event on the horizon. Rekt Capital, a prominent cryptocurrency analyst, has shared valuable insights into three distinct stages that investors should observe leading
Cardano (ADA) has seen a decline in price over the past few weeks, dropping from a peak of $0.808 to just below $0.60. This downward trend has placed Cardano in the 10th position among the largest cryptocurrencies by market cap. Despite this, a crypto analyst named Trend Rider has identified clear signs of a potential
The realm of wealth management is witnessing a significant shift as ultra-wealthy individuals with assets worth millions and billions of dollars are increasingly drawn towards Bitcoin investments. Barbara Goldstein, the Managing Partner at R360, highlighted this new trend in a recent interview with CNBC Last Call. She shed light on the growing appeal of digital
Dapper Labs, the company known for its successful NFT projects like NBA Top Shot and CryptoKitties, recently found itself under scrutiny by the U.S Securities and Exchange Commission (SEC). The case came to a close in September 2023, leaving many wondering about the specifics of the investigation and its impact on Dapper Labs and the
As Shiba Inu (SHIB) experiences a consolidation period between its 21 and 50DMAs in the $0.000027s, investors in the meme coin space are beginning to shift their focus towards an alternative – Sponge (SPONGE). With the potential for 1,000% returns, Sponge is emerging as a new player in the meme coin market. While Shiba Inu
Robert Kiyosaki recently expressed his agreement with Cathie Wood’s prediction that Bitcoin could reach $2.3 million. Kiyosaki mentioned that he trusts Wood’s opinion and believes she is smart. This trust in Wood’s analysis is a key factor in Kiyosaki’s alignment with the $2.3 million Bitcoin prediction. Ark Invest released a research report earlier this year
Coinbase, a leading cryptocurrency exchange, has recently been commended by the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury for its noteworthy contributions to major criminal investigations. In a letter addressed to Coinbase CEO Brian Armstrong, FinCEN highlighted the exchange’s role in assisting law enforcement efforts through its compliance and reporting
Slothana, the latest meme sensation on Solana, has taken the crypto world by storm. With its 420-friendly token, SLOTH, Slothana has quickly become a favorite among meme coin enthusiasts. In just three weeks, the $SLOTH ICO has raised an impressive $10 million, showcasing the high demand for this red-eyed sloth living on the Solana network.
Recently, the price of Bitcoin surged past the $70,000 mark, signaling a bullish trend and hinting at further upward movement. Crypto Jelle, a renowned cryptocurrency expert, has made a bold prediction for the crypto asset, projecting a short-term target of $82,000. According to Jelle, Bitcoin experienced a fakeout, retested the cycle highs of 2021, bounced
The excitement surrounding the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States is being overshadowed by concerns over regulatory approval from the Securities and Exchange Commission (SEC). With Jan van Eck, CEO of VanEck, expressing doubts about the likelihood of approval and industry experts like Eric Balchunas downgrading their odds to
The SuiPlay0x1, developed by Playtron in partnership with Mysten Labs, is a portable gaming device that aims to revolutionize the handheld gaming industry. This innovative device offers a unique combination of traditional and blockchain gaming options, making it stand out from other handheld gaming devices in the market. One of the key features of the
In a move that showcases the U.S. Securities and Exchange Commission’s (SEC) continued crackdown on the crypto industry, the regulatory body has set its sights on Uniswap Labs, the company behind the world’s largest decentralized exchange (DEX). This recent development adds to increasing regulatory pressure on the decentralized finance (DeFi) sector, signaling potential challenges ahead
The European Securities and Markets Authority (ESMA) issued a warning about the high level of concentration in the crypto markets on April 10. This concentration is concerning because the failure of a single asset or exchange could have a widespread impact on the entire crypto ecosystem. ESMA’s research found that market capitalizations and trading volumes
Cryptocurrency investors are always on the lookout for the next big thing, and in 2024, all eyes are on eTukTuk (TUK), a new green Initial Coin Offering (ICO) that promises potential gains of up to 10,000%. As traditional meme coins like Dogwifhat (WIF) experience volatility, the focus has shifted to environmentally friendly projects like eTukTuk
Investors and analysts are closely monitoring Cardano’s (ADA) price performance in an attempt to predict its future trajectory. Despite its strong technology and supportive community, Cardano has been facing challenges in terms of price movement. The recent spotlight on Cardano has brought attention to its disappointing price performance and lack of appeal for traders. This
Binance, the leading cryptocurrency exchange, has recently made significant updates to its platform in response to current market trends. One of the most recent changes includes the addition of 18 new loanable assets to Binance Loan, allowing users to borrow funds using their crypto holdings as collateral. Among the newly added cryptocurrencies are meme coins
Upon receiving a Wells notice from the US SEC, Hayden Adams, the founder of Uniswap, took to social media to express his feelings about the impending legal action. Adams stated, “I’m not surprised. Just annoyed, disappointed, and ready to fight.” He also emphasized the legality of Uniswap’s products and criticized the SEC for what he
Ethereum has been experiencing a phase of sideways consolidation after a recent dip towards the critical support level of $3K. The cryptocurrency seems to be stuck within a range of $3K to $3.7K, and it appears that volatility will remain low unless it breaks out in one direction or the other. A detailed analysis of
The Avalanche Foundation has recently made waves in the crypto community by delving into the world of meme coins. This strategic shift was announced in Q4, 2023, and since then, the Foundation has been actively acquiring various meme coins to establish itself as a key player in digital culture. What started as a few initial
Recent analysis from CryptoQuant suggests that the traditional narrative surrounding the Bitcoin halving event may need to be reevaluated. The once highly anticipated halving, which occurs every four years and is expected to reduce the issuance of new Bitcoins by half, may no longer hold the same level of influence over the price of BTC.
Bitcoin has been on a rollercoaster ride lately, with its price surging above $72,000 only to experience a significant decline shortly after. One of the factors contributing to this decline is the impending release of the March Consumer Price Index (CPI) data on April 10. Market experts believe that the report may reveal a rise