Bitcoin’s journey leading up to Christmas Eve showcased just how volatile the cryptocurrency market can be. The lead-up to this spike was not without its turmoil; beginning with a significant downturn that saw Bitcoin plummet from over $108,000 to around $92,000 in just a few days. This dramatic drop followed the last Federal Open Market
Crypto
The recent ruling by the Constitutional Court of Montenegro has brought significant legal challenges upon Do Kwon, the infamous South Korean co-founder of Terraform Labs. His appeal against extradition has been unanimously denied, adding pressure to his complicated legal saga. Kwon has been in the spotlight since the dramatic collapse of TerraUSD (UST) and its
Richard Schueler, more commonly recognized by his pseudonym Richard Heart, has become a prominent yet controversial figure in the cryptocurrency space. As the founder of Hex, a cryptocurrency that promised high returns, Heart’s ventures have not been without turmoil. Recently, he has gained notoriety for being placed on Interpol’s global wanted list due to serious
The digital asset investment sector experienced contrasting movements last week, reflecting both resilience and vulnerability within the market. In a week characterized by $308 million in inflows, the investment landscape faced stark challenges due to a hefty outflow of $576 million recorded on December 19th. The volatility intensified towards the week’s conclusion, culminating in outflows
In the realm of digital currencies, Bitcoin continues to pave the way for financial revolution, and recent discussions surrounding its future indicate a growing acknowledgment of its significance. Notably, former President Donald Trump addressed this evolving landscape, likening the potential U.S. strategies for cryptocurrency to the nation’s strategic petroleum reserves. His probing exchange with financial
MicroStrategy, a prominent corporate player in Bitcoin investment, is taking significant steps to further solidify its commitment to digital assets. The company has convened a Special Meeting of Shareholders aimed at discussing various proposals designed to bolster its Bitcoin-centric 21/21 Plan. This strategic initiative is not only intended to enhance its capital-raising mechanisms but to
In recent days, the cryptocurrency landscape has been shaken by significant fluctuations in the price of XRP. From a high of $2.60, XRP plummeted to below $2, creating ripples of concern among investors and analysts alike. This sudden downturn showcases the inherent volatility characteristic of cryptocurrencies, a market that often reacts dramatically to both external
Ripple’s native cryptocurrency, XRP, has witnessed a turbulent yet fascinating trajectory in the wake of recent market corrections. Originally priced at over $2.50 on December 17, XRP faced a sharp decline, plunging to below $2 within a mere three days. Such a swift downturn may often trigger panic among casual investors; however, XRP has shown
The landscape of Bitcoin ownership is changing dramatically as institutional investors increasingly assert their dominance in the market. A clear indication of this trend is the fact that institutional holders now represent 31% of all known Bitcoin (BTC) holders. This figure is a significant leap from just 14% reported in 2023, highlighting a paradigm shift
In the world of cryptocurrency, volatility is a constant companion, as evidenced by Bitcoin’s recent 9.8% decline in value within a single week. This downturn has generated a palpable sense of unease among investors, who are rightfully cautious about the potential for further drops in the digital currency’s price. Such fluctuations can trigger a schadenfreude
