Ethereum saw a brief surge above $3,000 this week, signaling a 4% price increase. However, the cryptocurrency soon entered a period of correction, potentially re-testing the key support level at $2860. The ability of buyers to maintain momentum and reclaim $3,000 will be crucial in determining the market direction. Failure to do so could invite
Crypto
The recent launch of SHEboshi NFTs, associated with the popular meme coin Shiba Inu (SHIB), took the digital collectibles world by storm. In under three hours post-launch, all 20,000 collectibles were claimed, leaving many enthusiasts empty-handed. The initial price for these NFTs was set at 0.05 ETH each, but now, the floor price on OpenSea
Binance, the world’s leading cryptocurrency exchange, recently made significant additions to its margin trading options. These additions included new trading pairs and borrowable assets aimed at enhancing the user experience and providing more choices to traders. Among the new additions are cross-margin pairs such as ADA/USDC, AVAX/USDC, MATIC/USDC, and XRP/USDC. Additionally, isolated margin pairs like
Michael Saylor, the co-founder and executive chairman of MicroStrategy, has made it clear that he and his company are dedicated to buying Bitcoin indefinitely. Despite the significant profits from their BTC holdings, Saylor emphasized during an interview with Bloomberg that they have no intention of selling. He views BTC as the ultimate exit strategy and
Coinbase International Exchange has reached a significant milestone, with CEO Brian Armstrong announcing that the platform has hit $1 billion in daily volume for the first time. This achievement is particularly noteworthy as the exchange is based in Bermuda and offers crypto perpetual futures trading exclusively to professional non-US traders. One of the key offerings
Bitcoin, after reaching an all-time high of $52,000 in just two years, seems to have hit a roadblock. Currently trading below this significant psychological threshold, the sentiment surrounding Bitcoin remains optimistic despite this setback. Recent data suggests a distinct pattern of behavior among long-term holders of Bitcoin. These investors have collectively sold about 200,000 BTC
VanEck’s Bitcoin exchange-traded fund (ETF) experienced a remarkable development on Tuesday, as its daily trading volume soared to over $258 million. This represented an astonishing 14-fold increase in just one day. Despite this achievement, VanEck has struggled to keep pace with other major ETFs like BlackRock, Fidelity, and Grayscale, which have consistently dominated daily trading
The renowned crypto analyst Michaël van de Poppe has stirred up excitement in the crypto community by predicting that Ethereum could potentially soar to $4,500. Van de Poppe believes that Ethereum is benefiting from Bitcoin’s upward momentum as investment capital starts to shift towards ETH. He refers to this period as a massive opportunity to
The Rabby Wallet, a crypto wallet developed by Debank, is a well-established platform known for its support of 141 chains and multiple signing modes. However, on the 16th of February, the company announced the launch of the beta version of its mobile app. Unfortunately, fans of Rabby Wallet were in for a rude awakening as
Bitcoin (BTC) has recently reached a milestone by surpassing the $50,000 mark for the first time since December 2021. The cryptocurrency has continued its upward trajectory and is currently trading above $51,900, showing a strong bullish sentiment in the market. The surge in Bitcoin’s price has been attributed to high demand from spot Bitcoin exchange-traded
