Crypto

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.

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%

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 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

The recent turmoil in the world stock markets has not spared the cryptocurrency market, as volatility has become a common theme across the board. A closer look at Ethereum shows a 3% loss for the week, with the price failing to hold onto its previous support at $3,300. The current support level stands at $2,800,

The decentralized finance (DeFi) sector is currently experiencing a notable resurgence, with key metrics such as active loans and total value locked (TVL) showing significant growth from their 2023 lows. DeFi lending, which allows investors to lend their crypto holdings in exchange for interest, plays a crucial role in indicating DeFi participation and overall market

Bitwise CIO Matt Hougan’s recent call to crypto investors to reconsider Bitcoin’s potential upside comes at a crucial time in the market. While many have been focused on the downside risks, Hougan believes that the recent developments at the Bitcoin2024 conference indicate that the market is “not bullish enough” about the flagship cryptocurrency. The Bitcoin2024

Recent data shows that the nine spot Ethereum ETFs in the US experienced net outflows amounting to $77.21 million on Wednesday. This marks a significant reversal from the previous day’s positive trend. These outflows coincide with Ether’s price dropping below $3,200. Notably, the Grayscale Ethereum Trust (ETHE) recorded a massive $133.33 million in net outflows

In the first two quarters of 2024, meme coins experienced a surge in popularity, with many investors jumping on the bandwagon. However, recent data indicates that the market has cooled off significantly since the spring. While a few lesser-known meme coins such as doginme, Kimbo, Turbo, Dogelon Mars, and Coq Inu have seen gains ranging

Recent developments in the cryptocurrency market have brought about heightened volatility, impacting investor sentiment across the board. Bitcoin (BTC) experienced a notable price surge, reaching nearly $70,000 on July 29, only to see a sharp decline below $66,000 the following day. Currently, BTC is trading around $66,300, according to CoinGecko’s data. This market correction was

XRP has seen a significant surge in its price, climbing to $0.66 on Wednesday, marking an 8% increase over the past 24 hours. This surge comes amidst important developments in the XRP ecosystem and renewed investor optimism in the market. One key factor contributing to this upward price action is the growing accumulation trend among

BlackRock, one of the largest asset managers in the world, has made it clear that they currently have no plans to launch a Solana (SOL) ETF in the near future. This decision comes despite the tremendous success of their Bitcoin and Ethereum spot ETFs that were launched earlier this year. BlackRock’s Chief Investment Officer, Samara

In today’s rapidly evolving financial landscape, transparency is key when it comes to investments in the crypto market. Recently, 21Shares, a part of 21Shares AG, made an important announcement regarding the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This move highlights the company’s commitment to improving transparency in its offerings, particularly the

The US Securities and Exchange Commission (SEC) has announced its plans to amend the original complaint against Binance, a prominent cryptocurrency exchange platform. This move by the SEC could potentially eliminate the need for the court to make a decision on tokens that were previously categorized as securities. The joint filing, which was made public

Shiba Inu, a popular meme coin, experienced a 3% price dip amidst a substantial plunge in the cryptocurrency market. This drop was largely attributed to the US government’s decision to move $2 billion worth of bitcoin holdings to a new address, potentially signaling a sale. However, despite this initial setback, there are indicators suggesting a

Ripple’s XRP has shown significant volatility in its price movement in the past few weeks. Starting below $0.40, it quickly rose to over $0.63 before retracing below $0.55. Currently, it has consolidated around $0.60, showing signs of uncertainty in the market. One user pointed out the tight Bollinger Bands, indicating a potential large price movement

Bitcoin has approached its all-time high before facing rejection, showcasing the volatility that comes with crypto assets. The recent surge in bitcoin price is supported by various factors, such as surpassing the average realized price for short-term investors after crossing the $63,500 mark. This indicates renewed market strength and confidence among investors. Market capitalizations of

Solana (SOL) has recently made significant strides in the cryptocurrency market, climbing to become the fourth-largest digital asset by market capitalization. With daily price gains of nearly 5%, SOL is currently trading at around $192, with a market cap approaching $90 billion. This surge in value has propelled SOL above Binance Coin (BNB) in terms

Shibarium, the layer-2 blockchain solution for Shiba Inu, has recently reached a milestone by processing over 6 million blocks. This is a significant achievement considering the protocol was officially launched less than a year ago. The increase in processed blocks indicates a surge in activity within the network, as well as a growing interest in