Bitcoin’s price has shown stagnation since its peak in March, with analysts attributing this trend to the tight U.S. monetary policy. The tightening of the policy, which began in March 2022, has led to a reduction in stablecoin supply. This decline in supply has had a direct impact on Bitcoin’s ability to rally further in
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In recent days, Bitcoin experienced a significant correction, dropping below the $54,000 mark. This sharp decline caught the attention of many investors as the cryptocurrency had not seen such low prices since February. Some individuals may interpret this as a potential signal that the bull market for Bitcoin is coming to an end. While some
The cryptocurrency industry is a rapidly evolving one, with new developments occurring on a daily basis. However, alongside these advances, there is a growing threat from hackers and malicious actors who take advantage of inexperienced users to steal their digital assets. This risk is particularly pronounced in the meme coin sector, where coins like Shiba
The recent news regarding the restitution of Mt. Gox users has created a sense of uncertainty in the market. Bitcoin prices have been on a decline since the beginning of June, failing to gain any meaningful upward momentum despite ETF inflows. With the price falling under $60,000 on July 3rd, followed by another drop the
In the past few days, the crypto markets have experienced a significant drop of 15%, resulting in over $350 million leaving the space. This decline has led to the breaking of monthly support levels, causing crypto assets to plummet to their lowest levels since late February. The return of bearish sentiment has raised concerns among
Meme coins have been the stars of the cryptocurrency world during the recent bull run. Tokens like Shiba Inu (SHIB) and Dogecoin (DOGE) have seen significant gains, riding the wave of the market’s upward momentum. However, with the current market correction, the progress of these meme coins has slowed down. One potential catalyst that could
PancakeSwap, a popular multi-chain DEX, recently revealed a significant community reward program set to take place from July 5 to August 5. This program will see the distribution of more than 2.45 million zkSync (ZK) tokens to community members who have shown support for the zkSync PancakeSwap deployment since July 2023. The goal of this
In the last 24 hours, the cryptocurrency market has experienced a significant decrease in total capitalization, dropping to $2.07 trillion. This 8.6% decrease has had a major impact on leading digital assets, with many seeing losses and only a few managing to maintain positive momentum. The primary cryptocurrency, Bitcoin, has been hit hard, with its
Bitwise, a prominent asset management firm, recently made amendments to its S-1 registration statement with the SEC in order to list and trade shares of a spot Ether exchange-traded fund (ETF). The decision to amend the registration statement comes after SEC Chair Gary Gensler’s announcement that approvals for spot Ether ETFs could potentially be finalized
BitMEX, a derivatives exchange based in Seychelles, has recently introduced the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative product is aimed at providing traders with the opportunity to access a variety of meme coins in the market through a single contract. Referred to as the “S&P500 for crypto meme coins,” this new offering enables
The Bitcoin network is currently experiencing some signs of miner capitulation. This phase typically involves miners either shutting down their operations or selling off some of their Bitcoin holdings. Interestingly, historical data suggests that such a period often precedes a bottoming out of Bitcoin prices, signaling a potential uptrend for the digital asset. Since the
In a recent court ruling on Binance’s BNB token, Ripple has found an opportunity to argue against harsh penalties from the SEC for XRP sales. The company cited the lack of regulatory clarity as a key defense in their case. Ripple’s argument hinges on the idea that the ruling in the Binance case supports their
The recent surge in the price of meme coin DADDY by 35% has caught the attention of many investors in the cryptocurrency market. This sudden increase in value was sparked by a bold announcement from Andrew Tate, a former kickboxer and online influencer, encouraging DADDY holders to accumulate more assets within a limited time frame.
Asset managers are eagerly anticipating the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission. The deadline for updated paperwork and amended S-1s is set for July 8, with the possibility of additional rounds of filings. Despite minor questions from the SEC, asset managers like Steve Kurz
Despite a 15% decrease in Bitcoin’s price since mid-March, there are indications that the bull run may not be coming to an end as many fear. One crucial metric to consider is the Fear and Greed Index, which measures investor sentiment on a scale from 0 to 100. With the index recently entering “fear” and
In the first half of 2024, Bitcoin and Ethereum have overshadowed traditional investments such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. Matrixport’s July 1 post highlighted that both cryptocurrencies are leading the pack halfway through the year. The approval of spot Bitcoin ETFs in January played a significant role
The rise of artificial intelligence (AI) models has undoubtedly revolutionized many industries and sectors. However, Charles Hoskinson, the co-founder of Cardano, raises an alarming concern about the diminishing utility of AI models over time. He attributes this decline to the practice of AI censorship, where machine learning algorithms are used to filter objectionable or sensitive
Keith Gill, also known as “Roaring Kitty,” is currently facing securities fraud claims related to the GameStop stock frenzy that occurred in 2021. The class-action lawsuit filed on June 28 in the Eastern District of New York alleges that Gill orchestrated a “pump and dump” scheme by using his social media presence to manipulate the
The month of June has been quite turbulent for the Bitcoin price, with significant fluctuations and volatility. The price of Bitcoin experienced a rollercoaster ride, reaching highs of $72,000 and lows of just over $58,000. Ultimately, the bears prevailed, driving the price down by 7.12%. This downward trend has left many wondering what the future
As the market continues to fluctuate, analysts at CryptoQuant have identified key on-chain metrics that may indicate the potential for Bitcoin to have bottomed and for cryptocurrencies to start rallying once again. These metrics include higher bullish momentum, an increase in Bitcoin demand, and faster growth in stablecoin liquidity. These signals are crucial indicators to
The recent update from the European Central Bank (ECB) regarding the development of the digital Euro CBDC has sparked concerns among experts and investors. While the ECB claims that privacy and data protection are its top priorities, there are underlying features of the currency that suggest otherwise. The ECB’s two-year preparation phase for the digital
Ethereum experienced a 3% decrease in price this week, with buyers struggling to defend the key support at $3,500. The continuous pressure from sellers puts ETH in a clear downtrend, with the past five weekly candles closing with a lower low. To reverse this downward trend, ETH needs to surpass $3,700 and challenge the key
The cryptocurrency markets are experiencing a decline today, with Bitcoin heading toward the $60K mark and most altcoins showing a slow decrease. The total market capitalization is currently at $2.37 trillion. Bitcoin has seen a 1.3% drop in the past 24 hours, adding up to a total loss of approximately 6% for the week. The
T-Rex Group, a financial services company, has recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This new financial vehicle is expected to be one of the most volatile ETFs in the country if approved. The main objective of the fund, named as ‘T-Rex 2X Long MSTR Daily Target
The prediction made by analyst ‘RamenPanda’ regarding potential interest rate cuts by the U.S. central bank lacks concrete evidence and fails to consider the unpredictability of market reactions. While historical data from the 2008 financial crisis is referenced, it is important to note that each economic situation is unique and cannot be accurately compared to
As approximately 107,000 Bitcoin options contracts are set to expire this Friday, the overall notional value of $6.6 billion brings the potential for increased market volatility. This end-of-month expiry event is significantly larger than typical end-of-week expirations. The put/call ratio of 0.5 indicates that there are twice as many long (call) contracts expiring as shorts
Bitcoin, the world’s largest digital asset, experienced a tumultuous week in terms of price fluctuations. Starting the week off at over $64,000, Bitcoin seemed to maintain its stability until the bears took control and initiated a massive downward trend. Within hours, Bitcoin plummeted by several thousand dollars, hitting a low of $58,400 – a level