Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure. This shift has seen Bitcoin struggling to maintain higher levels, triggering anxiety among investors and traders. Technical Indicators
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A recent analysis by crypto expert Justin Bennett suggests that Bitcoin may be on the verge of witnessing a significant price decline to levels as low as $52,000. The breaking of key support levels has raised concerns among investors, indicating a potential shift from a bullish to a bearish position. Bennett’s prediction, shared on X
The market intelligence platform Santiment recently outlined the top 10 Artificial Intelligence (AI) cryptocurrencies that have shown the most development activity over the last 30 days. NEAR Protocol (NEAR) leads the list with an index of 173.5, followed by The Graph (GRT) and Oasis Network (ROSE) with ratios of 143.5 and 101.1, respectively. Interestingly, some
The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant decline in value, plunging more than 10% in a single weekend to reach its lowest level since December 2023. In the past 24 hours alone, the token has dropped from $27.87 to a six-month low of $24.92, as reported by CoinGecko. This
The month of May witnessed a significant milestone in the cryptocurrency industry, with a total of 156 investments amounting to approximately $1.02 billion. Ethereum emerged as the dominant player in this surge of investments, signaling growing investor confidence in the digital asset market. In a surprising turn of events, Nigerian authorities decided to drop tax
The trading volume of Tether (USDT) on the TRON network has reached an incredible $53 billion, outpacing Visa’s average daily trading volume for Q1, 2024. This milestone is significant considering Visa’s status as a global payment processing giant with operations spanning across more than 200 countries and regions. The surge in value and utilization of
Standard Chartered, a British multinational bank, is making waves in the financial world by announcing its plans to launch a trading desk for Bitcoin and Ether. This move positions the bank as one of the pioneers among global financial institutions to delve into spot cryptocurrency trading. The decision comes after engaging with various players in
Bitcoin is currently experiencing a significant decline in its value, dropping below the $64,000 mark to $63,564. Despite this downward trend, Arthur Hayes, the co-founder of BitMEX, remains bullish on Bitcoin and is actively encouraging investors to “buy the dip.” His optimism stems from an analysis of global economic conditions and central bank policies, particularly
Ripple, a prominent cryptocurrency company, is facing new legal challenges following a US judge’s decision to allow a lawsuit against the firm. The lawsuit specifically targets CEO Brad Garlinghouse for allegedly making misleading statements. The case is set to proceed to trial, where a jury will determine whether Garlinghouse misled investors during a televised interview
The recent Bitcoin price crash below $66,000 has caused quite a stir in the market, resulting in over $90 million in liquidations within a 24-hour period. Despite the significant drop, analysts, including crypto analyst Ali Martinez, are not convinced that the worst is over. Martinez has suggested that Bitcoin may still have a long way
