Cryptocurrency analysts have recently pointed out that the impact of the 2024 Bitcoin halving on the price of BTC has significantly decreased. According to CryptoQuant, a prominent crypto analytics firm, the much-anticipated halving event is no longer the primary driving force behind a bullish momentum in BTC. Instead, the firm’s research report suggests that the
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As Ethereum’s price continues to fluctuate, it has recently undergone a period of sideways consolidation. This phase came after a decline towards the critical support level of $3K. Interestingly, the cryptocurrency seems to be range-bound between $3K and $3.7K. It appears that volatility may not increase unless Ethereum manages to break out in either direction.
Shiba Inu (SHIB) has recently experienced a price drop, with the current trading price at around $0.00002734. This represents a 3% decline on a daily scale and a 20% drop on a monthly basis. Despite this negative trend, analysts are predicting a potential bullish rally. One key indicator is the critical resistance levels being tested
The boss of Marathon, America’s largest crypto mining firm, recently discussed the impact of spot Bitcoin ETF approvals on the market. Fred Thiel mentioned in an interview with Bloomberg that the ETF approval accelerated what would have been the post-halving rally. This approval attracted capital into the market and brought forward the price appreciation that
As the cryptocurrency community eagerly anticipates the upcoming halving event of Bitcoin, there is a sense of excitement mixed with caution in the air. Renowned cryptocurrency expert Benjamin Cowen has sounded a note of warning, suggesting that a potential market correction may be on the horizon if historical patterns are anything to go by. Cowen
The article discusses the rise of ANSEMWIF, a spin-off meme coin inspired by influencer Ansem’s viral presence on Crypto Twitter. The coin saw a meteoric rise in value, reaching an all-time high before experiencing a significant retracement. The author highlights the volatile nature of meme coins and the potential for high-risk, high-reward scenarios. While the
Trading expert Peter Brandt has recently made comments on the Ethereum vs. Bitcoin chart, providing valuable insights into the current market dynamics. Brandt, known for his previous criticisms of Ethereum, where he referred to it as a “junk coin” and its supporters as “Etheridiots,” seems to have shifted his perspective. Despite Ethereum’s recent decline to
As Bitcoin continues to show signs of strength, cryptocurrency analyst Michael Van De Poppe has made a bold prediction regarding the future of BTC. He anticipates that Bitcoin will reach an impressive $300,000 during this current bull cycle. Despite facing resistance and struggling to maintain its price above $73,000, Van De Poppe remains optimistic about
A Nigerian High Court in Abuja has ordered that the detained Binance executive Tigran Gambaryan be remanded in prison following the postponement of his bail hearing. Gambaryan, a US citizen, pleaded not guilty to money laundering charges earlier today and will remain in custody until his bail hearing on April 18. The trial will commence
In the first quarter of 2024, Ethereum and its Layer 2 scaling solution, Polygon, emerged as the top contenders in attracting new users to their blockchain platforms. According to the latest report by Flipside, Ethereum and Polygon collectively acquired a substantial number of new users, with Ethereum gaining 13.4 million and Polygon boasting 12.3 million.
