The recent surge in Bitcoin’s price, exceeding $62,000, has caught the attention of both enthusiasts and skeptics alike. This rapid increase has sparked speculations about the potential beginning of a major bull run in the cryptocurrency market. One key factor that could contribute to the continuation of Bitcoin’s upward trajectory is the upcoming Bitcoin halving
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As Bitcoin (BTC) surged past the $64,000 mark, some on-chain indicators are starting to suggest that the leading cryptocurrency may be overheating. Market intelligence firm CryptoQuant’s weekly report highlights the rising traders’ unrealized profit margin and the expensive cost of opening new long positions in perpetual futures markets as key indicators of a possible pause
In a week where Bitcoin has experienced some stagnation and minor retracements, meme coins have taken the spotlight with staggering gains. One such example is Dogwifhat (WIF), which has soared in value, capturing the attention of investors. The overall crypto market cap has seen a slight dip on a daily scale, but the past seven
Marathon Digital, a prominent Bitcoin mining company based in the United States, has recently released its quarterly earnings report, surpassing analyst expectations by a considerable margin. Despite the positive news, the company’s stock price experienced a temporary dip following the announcement. This minor setback, however, is unlikely to overshadow the significant achievements of Marathon Digital
In recent weeks and months, MicroStrategy, a business intelligence software giant co-founded by Michael Saylor, has experienced a significant surge in its stock price. This surge has outperformed the major US stock market indexes by a substantial margin, which may be attributed to the company’s extensive exposure to Bitcoin. MicroStrategy’s stock price has increased by
The year 2024 has been quite promising for AI-related coins, with a combined return of 76% since the beginning of the year. The Artificial Intelligence (AI) coins market has witnessed a significant increase of 7% in just a day, pushing the market cap to a staggering $19.8 billion within the last 24 hours. Renowned entrepreneur
In a recent development, cryptocurrency exchange Gemini has reached a settlement with New York regulators to return a minimum of $1.1 billion to customers who were affected by the collapse of its Gemini Earn Program. The settlement agreement also includes a $40 million contribution to help cover Genesis Global Capital’s bankruptcy proceedings and a $37
The partnership between Ripple and the Axelar Foundation signifies a significant step towards enhancing interoperability within the XRP Ledger (XRPL) ecosystem. This collaboration aims to propel the tokenization of real-world assets (RWAs) and strengthen the DeFi landscape by providing liquidity for stablecoins and high-value assets. By integrating the Axelar network with the XRPL, developers will
In recent times, Bitcoin’s price has experienced a significant surge, with it recently surpassing the $56,000 mark. Many market analysts and investors are predicting further growth, with some suggesting that the cryptocurrency could reach new all-time highs in the coming months. This bullish sentiment is backed by various market indicators that point towards increased confidence
Despite Shiba Inu’s recent price underperformance, the number of daily active addresses has been on the rise. According to data from IntoTheBlock, SHIB daily active addresses have surged above 3,500, showing a 13% increase. This uptrend indicates a growing interest in the asset and suggests that investors are taking more notice of Shiba Inu. The
The recent network outage on Solana, lasting five hours, had a significant impact on investor confidence in the platform. The bug that caused transactions to enter an infinite loop not only disrupted the network’s functionality but also led to a surge in outflows from investment products tied to Solana. This negative sentiment resulted in $3
Could Bitcoin Exchange-Traded Funds (ETFs) potentially outpace Gold ETFs in terms of investment volume? According to Bloomberg analysts, this scenario could become a reality in a relatively short period of fewer than 24 months. In a recent analysis, Bloomberg ETF analyst Eric Balchunas highlighted the significant increase in Bitcoin ETF inflows while Gold ETFs have
Ethereum has witnessed a significant surge in its price, breaking through key resistance levels and surpassing the $3K mark. This upward movement indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer inspection of the daily chart, it
The price of Ethereum (ETH) has seen a significant spike recently, surpassing $3,100 and reaching a nearly two-year high. This surge in price comes at a time when many other leading cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and Cardano (ADA) have shown little volatility or even minor losses in the past 24 hours. One