The Chinese police forces recently made headlines after busting a large underground banking operation that utilized Tether (USDT) to transfer up to 13.8 billion yuan ($1.9 billion). The Public Security Bureau of Chengdu Municipal arrested 193 suspects involved in the case and froze 149 million yuan ($20.6 million) in connection with the operation. The investigation,
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The recent surge in the cryptocurrency market, particularly in Bitcoin’s price, has left many investors and enthusiasts wondering about the driving force behind this rally. According to insights shared by popular blockchain analytics firm CryptoQuant, the catalyst for Bitcoin’s latest rally to above $67,000 can be attributed to lower-than-expected inflation rates in the United States.
The recent surge in Bitcoin price above $67,000 has left many investors wondering about the factors contributing to this positive performance. According to data from CoinMarketCap, this increase has been linked to low inflation levels reported in the latest Consumer Price Index (CPI) data. However, the influence of stablecoins, particularly USDT, cannot be ignored in
Dogecoin, the meme-powered cryptocurrency, has been making waves in the market recently. With a total market capitalization of $19.8 billion and trading at $0.145, Dogecoin seems to be on a steady upward trajectory. In comparison, Ripple XRP, with a price of $0.5 per token and a market cap of $27 billion, has been facing challenges,
The world of artificial intelligence (AI) has been rapidly advancing over the past few months, with notable developments such as OpenAI introducing a new ChatGPT model with enhanced voice assistant capabilities. This progress has not only revolutionized the AI landscape but has also had a significant impact on the cryptocurrency market. Cryptocurrencies linked to evolving
Coinbase, one of the leading cryptocurrency exchanges, has stated that they believe there is a 30% to 40% chance of the SEC approving spot Ethereum ETFs by the end of the month. This prediction comes from their Institutional Research Analyst, David Han. He pointed out that the correlation between CME futures products and spot exchange
In the recent surge of Solana meme coins, ETF token has seen a remarkable increase of +207% in just 24 hours, driven by the growing interest in crypto ETFs. The price of ETF token is currently trading at $0.00134, with a 24-hour change of +202%. This sudden spike in price occurred after a series of
The recent drop in the price of Pepe (PEPE) has raised questions among traders about whether it is a good time to buy the dip. Following a spike to record highs above $0.000011 earlier this week, the price has since dropped by 12%. Despite this pullback, chart analysis suggests that it may be premature to
A crypto analyst, known as ‘Yoddha’, has recently made a bold prediction regarding the future of Ethereum (ETH). According to Yoddha, Ethereum is poised for a significant rally that will see its price soar above $10,000 by the end of the year. This prediction is based on historical trends observed in Ethereum’s price movements from
In the fast-paced world of cryptocurrency markets, it is crucial for analysts and investors to grasp the factors that impact price action. One prominent figure in the cryptocurrency space, Ali Martinez, has recently shed light on the fluctuations in Bitcoin’s price through the lens of basic economic theory – supply and demand. It is a
