Bitcoin recently hit a new all-time high of nearly $74,000, just hours after dropping below $72,000. This surge comes after a strong end to the previous week, where Bitcoin broke the $70,000 barrier for the first time, only to experience a slight retracement. Despite this setback, Bitcoin bulls quickly recovered ground over the weekend, leading
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MakerDAO, a leading DeFi lending protocol, has recently announced its ambitious ‘Endgame’ plan, set to launch in summer 2024. This first phase will see the rollout of a series of major features aimed at driving growth and establishing a virtuous cycle of Dai adoption. The introduction of SubDAOs, new tokenomics, a rebranded image, and innovative
Ethereum’s price has been on a rapid rally in the past few weeks, breaking through multiple resistance levels. However, the price has now reached a significant level that may act as a barrier for further growth. The daily chart shows a steady increase in price, with higher highs and lows. The market has also moved
The recent surge in crypto markets following the approval of spot Bitcoin ETFs has been a topic of speculation and anticipation. With the hope of spot Ethereum ETF approval looming, investors are closely watching the developments in the space to see how it may impact the overall market. Uncertainty Surrounding Ethereum ETF Approval Despite the
Russia, as a member of the BRICS alliance, has recently announced the development of a new blockchain-based payment system to revolutionize trade settlements. This system aims to become an independent mechanism for conducting transactions among BRICS member nations. The BRICS alliance, composed of Brazil, Russia, India, China, and South Africa, is working together to create
Bitcoin’s price is displaying signs of finally breaking the previous all-time high to the upside, entering uncharted territories. Predicting its upside potential is becoming more challenging, but there are hints from technical and on-chain analysis. On the daily timeframe, the price is climbing toward the $70K level, with $70K and $80K being potential upcoming targets.
The recent surge in Bitcoin prices is a clear indication of the upward momentum in the cryptocurrency market. With the price crossing the $50,000 threshold and peaking at $70,000, experts believe that the rally is far from over. This rally has coincided with a period of high interest rates, showcasing strong demand for Bitcoin without
The year 2022 was marked by the collapse of several cryptocurrency lending platforms, with the Celsius crash being particularly devastating for investors. However, amidst the turmoil, Nexo managed to weather the storm and emerge as one of the few survivors in the industry. The key to Nexo’s resilience, according to Dimitar Bratovanov, the company’s Product
The recent introduction of spot Bitcoin ETFs has caused a surge in investor interest and a substantial increase in trading volume. This development has sparked optimism not only for Bitcoin but for the cryptocurrency market as a whole. Evaluating the Possibility of a Spot Ethereum ETF Despite the positive reception of spot Bitcoin ETFs, the
Cryptocurrency adoption has become a generational issue, with Millennials and Gen Z leading the way in embracing digital currencies such as Bitcoin. According to financial analyst and strategist, Tom Lee, younger generations are more open to adopting cryptocurrency compared to Baby Boomers. Lee highlighted that Bitcoin is being widely adopted and used by Millennials, Gen
