Bitcoin Minetrix ($BTCMTX) has recently made headlines with its announcement of a massive token burn, representing 10% of the total supply of 4 billion tokens. This move was followed by speculation of a potential buyback campaign, aimed at driving the price of the token higher. While the specifics of the buyback campaign are still unknown,
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A crypto analyst has recently made a prediction regarding when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin. This prediction is based on various market conditions and observations made by the analyst. The analyst, Benjamin Cowen, shared insights on the market conditions, noting similarities between the current market dynamics and those seen in 2019.
The recent accusations made by House Financial Services Committee Chairman Patrick McHenry against SEC Chair Gary Gensler have raised serious concerns about transparency and consistency within the agency. McHenry’s statement, released on April 30, suggests that Gensler intentionally evaded questions from Congress regarding the classification of Ethereum as a security during his testimony in April
Crypto analyst Ali Martinez has shed light on the significance of the $59,800 price level for the future trajectory of Bitcoin. According to Martinez, this particular price point has often served as a crucial support level for BTC during uptrends. If Bitcoin were to drop to $59,800, there is a high probability of a massive
The native token for Ethereum Layer 2 scaling solution Optimism (OP) has experienced a decline of 4% in the last 24 hours. This decrease in price comes amidst a market-wide pullback that has particularly affected Layer 2 tokens. Currently, Optimism is trading at $2.39, reflecting a 3.7% dip both in the last 24 hours and
Nezuko Cat (NEZUKO) has recently made headlines in the crypto world for its explosive growth of +8,000% overnight. This cat-themed Solana meme coin has captured the attention of retail investors who are bullish on its favorable tokenomics, including ongoing NEZUKO token buy-backs. Despite a recent retracement from its all-time high, NEZUKO is trading at $0.000346
The crypto analyst, DonAlt, has recently put forward a scenario where the price of Bitcoin could potentially drop to the mid-$40,000 range. This prediction is based on the current market conditions and the possibility that a price breakdown might be necessary for the continuation of Bitcoin’s bull run. DonAlt suggests that a price breakout below
The recent analysis conducted by Santiment reveals a striking decrease in Ethereum’s transaction fees, with the average cost plummeting to just $1.12. This development, marking the lowest daily average since October 18th, 2023, has prompted discussions within the crypto community and among analysts. Santiment’s report draws attention to the correlation between transaction fees and overall
The recent dip in Bonk (BONK) by 8% has highlighted the heightened volatility in the meme coin market. This decline, coupled with broader market pullbacks from leaders like Bitcoin (BTC) and Ethereum (ETH), underscores the speculative nature of these assets. While traditional cryptocurrencies like Bitcoin only dropped 2.3% overnight, meme coins like Bonk experienced heavier
Bitcoin recently experienced a significant drop of more than 15% from its mid-March peak, falling to a ten-day low of under $62,000. Analysts have noted that despite the completion of the halving, Bitcoin continues to display red candles, indicating a correction in the market. The uncertainty surrounding the current geopolitical and macroeconomic situation has added
