In an interview with CNBC on Monday, David Marcus, former President of Paypal and Head of Facebook Payments, expressed his belief that Bitcoin (BTC) is the universal protocol for money on the internet. He emphasized Bitcoin’s significance as the flagship cryptocurrency and its core value as a payment solution while discussing its potential as a
Bitcoin
Shiba Inu (SHIB) has been facing a tough time lately, as its price struggles to make any significant gains in the unpredictable crypto market. Those who witnessed the impressive rally between mid-June and mid-August are now confronted with the harsh reality that these gains have been nearly wiped out. Despite entering the final quarter of
Bitcoin, the world’s most valuable cryptocurrency, has been experiencing a downward trajectory, according to Benjamin Cowen, an analyst and founder of Into The Cryptoverse. With the coin’s performance over the years as a reference point, Cowen predicts a bleak future for Bitcoin in the coming month of September. In this article, we will delve into
Mirae Asset Securities, one of the major finance powerhouses in Korea, has recently partnered with Polygon, a popular blockchain network. This collaboration has sparked curiosity about how it will affect the price of Polygon’s native cryptocurrency, MATIC. With Mirae Asset Securities’ extensive influence and Polygon’s innovative blockchain technology, the partnership holds the potential to drive
As the market sentiment surrounding Ethereum (ETH) remains tense, investors are growing wary of the potential for further price erosion and the need for a recovery. The second-largest cryptocurrency has faced turbulent weeks, with its price oscillating around the $1,626 support level, offering a glimmer of hope for bulls. However, in order to regain lost
Bitcoin, the world’s largest cryptocurrency, has experienced both progress and setbacks in the past year. The digital asset investment landscape has been reflective of these ups and downs. However, recent data suggests that despite minor outflows in the overall market, Bitcoin has demonstrated resilience by recording a weekly inflow of $3.8 million. Coinshares, in its
Following the FTX crash in November 2022, the exchange’s wallets still contained a significant amount of crypto worth billions of dollars. These tokens remained untouched for a long time due to the ongoing legal battle between the exchange and its creditors. However, recent activities indicate that a large portion of these tokens are now being
The once vibrant and exciting crypto market has recently lost its luster, leaving investors and enthusiasts concerned about its future. Bitcoin, the flagship cryptocurrency, has been struggling to stay afloat, and this struggle is reflected in the dwindling trading volume of bitcoin futures. According to data from Glassnode, bitcoin futures open interest has dropped to
Cryptocurrency analyst Benjamin Cowen recently shared his insights into Bitcoin’s historical performance in September and its potential trajectory for this year. Cowen, known for his data-driven approach to cryptocurrency analysis, highlighted the challenges that Bitcoin has historically faced in September. While acknowledging that occasional green Septembers do occur, Cowen emphasized the negative price movements that
The recent Bitcoin rally, fueled by Grayscale’s victory against the US SEC, appears to be losing steam. Analysts have observed a concerning trend in the total supply of stablecoins, indicating that this rally may not be sustainable. In this article, we will delve into the relationship between stablecoin supply and Bitcoin’s performance, highlighting the potential
