Ethereum’s recent price surge has caught the attention of investors as it surpassed key resistance levels, marking a significant milestone by breaching the $3K mark. This upward movement reflects a prevailing bullish sentiment in the market, with the $3.6K yearly swing high identified as the next target for ETH. Analyzing the daily chart confirms Ethereum’s
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The price of Ethereum (ETH) has recently seen a significant spike, reaching over $3,100, a nearly two-year high. This surge comes at a time when many other leading cryptocurrencies are experiencing little to no volatility. One of the driving factors behind Ethereum’s rally is the upcoming Dencun upgrade, scheduled for mid-March. This upgrade is focused
Bitcoin has experienced a tremendous price run-up in recent months, jumping from under $20,000 to over $50,000 since June 2023. This surge was primarily fueled by the anticipation and subsequent approval of nearly a dozen spot Bitcoin ETFs in the United States. Despite this significant increase in price, it seems that retail traders have not
Recently, a U.S. federal judge approved Binance’s guilty plea and a substantial $4.3 billion settlement for violating anti-money laundering and sanctions laws through its cryptocurrency exchange. This decision was made after the U.S. Department of Justice (DOJ) alleged that Binance had breached the Bank Secrecy Act (BSA) and the International Emergency Economic Powers Act (IEEPA),
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a hot topic in the cryptocurrency industry since December 2020. At that time, the SEC accused Ripple of illegally raising over $1.3 billion through an unregistered securities offering by selling XRP. Ripple, on the other hand, contends that XRP is a
Ethereum recently broke the $3,000 mark, showcasing a 4% increase in price. However, the subsequent correction has led to the possibility of a re-test of the key support at $2,860. The bullish momentum of Ethereum on higher timeframes signals that any pullbacks may be short-lived. To maintain this momentum, buyers need to hold the key
The recent launch of SHEboshi NFTs, associated with the popular meme coin Shiba Inu (SHIB), has taken the non-fungible token field by storm. Within a remarkably short period, all 20,000 collectibles were claimed, leading to a rapid sell-out in less than three hours post-launch. This unprecedented success showcases the growing interest and demand for NFTs
Binance, the world’s leading cryptocurrency exchange, recently expanded its margin trading options by adding several new pairs and borrowable assets. Some of the new cross-margin pairs include ADA/USDC, AVAX/USDC, MATIC/USDC, and XRP/USDC, while new isolated margin pairs include ACM/USDT, AVAX/USDC, FIO/USDT, IQ/USDT, NEXO/USDT, and QKC/USDT. Additionally, Binance introduced AC Milan Fan Token (ACM), FIO Protocol
Michael Saylor, the co-founder and executive chairman of MicroStrategy, made headlines by announcing his plan to continue buying Bitcoin indefinitely. Despite holding a significant unrealized profit of around $4 billion in BTC, Saylor emphasized that both he and his firm have no intentions of selling their Bitcoin holdings. In an interview with Bloomberg, Saylor described
Recently, Coinbase International Exchange, based in Bermuda, has reached a milestone of $1 billion in daily volume. CEO Brian Armstrong shared this news, highlighting the exchange’s growth in offering crypto perpetual futures trading to professional non-US traders. The decision to establish the exchange outside of the United States was influenced by the ongoing regulatory challenges
Bitcoin’s price has recently reached a high of $52,000 over the course of two years, but it appears to have hit a roadblock. Although it is currently trading below this significant mark, the overall sentiment in the market remains positive. Long-term holders of Bitcoin have been observed to be selling approximately 200,000 BTC from their
The VanEck Bitcoin exchange-traded fund (ETF) saw a remarkable development on Tuesday, as its daily trading volume exceeded $258 million. This represented a staggering 14-fold increase from the previous day. Although this achievement was significant, VanEck’s ETF has struggled to keep up with the trading volumes observed in other popular ETFs like BlackRock, Fidelity, and
Renowned crypto analyst Michaël van de Poppe has made a bullish prediction for Ethereum, suggesting that it could soar to $4,500. Van de Poppe believes Ethereum is soaking up Bitcoin’s upward momentum as investment capital shifts to ETH. According to the analyst, this is a “massive period to be rotating from Bitcoin towards Ethereum.” Recent
Cryptocurrency wallets play a crucial role in ensuring the security and accessibility of users’ digital assets. With the increasing popularity of crypto investments, the demand for reliable and trusted wallet apps has also grown. However, not all wallet apps can be trusted, as highlighted by the recent case of the fake Rabby Wallet on the
Bitcoin (BTC) has recently reached new heights, surpassing the $50,000 mark and continuing to climb, currently sitting above $51,900. According to analysts at the on-chain intelligence platform CryptoQuant, the rise in Bitcoin’s value can be attributed to the high demand generated by the approval of spot Bitcoin exchange-traded funds (ETFs). CryptoQuant’s latest weekly report reveals
With the fourth Bitcoin halving just around the corner, miners are experiencing heightened levels of activity on the largest blockchain network. Recently, the Bitcoin mining difficulty metric surged by more than 8%, reaching a new record high. The mining difficulty, a critical feature of the BTC blockchain, undergoes readjustments every 2,016 blocks based on the
XRP, the native cryptocurrency of Ripple, has seen a notable increase in price over the past 24 hours, reaching above $0.57. However, this surge was short-lived as the bulls failed to sustain the pressure, causing the price to drop back to around $0.56. Despite the volatility, XRP has experienced a rise of over 10% since
Tron founder Justin Sun has recently unveiled an ambitious Bitcoin Layer 2 roadmap that aims to enhance the scalability, speed, and security of the Bitcoin network. This initiative seeks to inject funds into the BTC network and promote seamless interactions and interoperability between TRON and Bitcoin. Sun has outlined three roadmaps for TRON’s Bitcoin Layer
Genesis Global, a leading digital currency firm, has been granted approval by the bankruptcy court to sell approximately 35 million shares of Grayscale Bitcoin Trust (GBTC), with an estimated value of $1.3 billion. The decision was made by U.S. Bankruptcy Judge Sean Lane during a court hearing held in White Plains, New York. This significant
In a recent social media post, Hayden Adams, the founder of Uniswap, alerted the crypto community about a growing wave of scams that are specifically targeting users through deceptive user interfaces (UIs) in crypto wallets. This warning sheds light on how scammers are exploiting fake clones of Ethereum Name Service (ENS) domains to deceive users
In the ongoing court battle between Changpeng Zhao (CZ) and the United States government, the verdict has been delayed. This delay was announced in a notice filed in a Seattle court, prolonging CZ’s wait for his sentencing. Despite pleading guilty to violations of AML procedures, CZ was allowed to remain out of custody until his
After a prolonged period of contemplation, the lawyers representing FTX, the now-defunct exchange, have made the decision to abandon the idea of restarting the company. Instead, FTX will dissolve once all outstanding debts have been settled. This sudden change in plans was recently announced by Andrew Dietrich, one of the legal representatives for FTX. Although
Bitcoin, the world’s leading cryptocurrency, has reached a new monthly peak at $48,600. After a period of consolidation, where the price remained stagnant at around $43,000, the bulls took control of the market and initiated a series of rallies. Bitcoin witnessed a gradual climb, breaching the $47,000 mark by the end of the week. However,
Chinese Bitcoin miners have shifted their focus to Ethiopia as they seek affordable energy and favorable climates. This strategic move comes after facing regulatory restrictions in China, prompting these miners to explore locations that offer low-cost electricity and friendly regulations. Ethiopia presents a unique opportunity for Chinese Bitcoin miners due to its extremely low electricity
In the ever-volatile world of cryptocurrency, Bitcoin continues to amaze with its positive price performance. Over the past 24 hours, the flagship cryptocurrency has surged above $48,000, reaching a new monthly peak. This is a significant milestone for Bitcoin, as it indicates a renewed bullish sentiment in the market. The week started on a positive
Bitcoin experienced a significant breakthrough on February 9th as it surged past the $46,000 mark. This breakthrough came after overcoming a major resistance level at $44,000, which had been impeding price increases ever since the introduction of spot Bitcoin ETFs in the United States four weeks earlier. The leading cryptocurrency reached its highest point in
Cardano (ADA) has recently experienced a surge in trading activity, with a notable increase of over 7% on Thursday. The blue-chip coin is currently being exchanged at $0.53. This upward movement comes after a tumultuous period of price action in January, where the coin faced significant volatility. Among the factors that could potentially determine ADA’s