Ethereum, the second-largest cryptocurrency by market capitalization, had an impressive week with a 12% price increase. This recovery came amidst a market-wide rally, allowing ETH to establish $3,300 as a key support level. The next target for Ethereum is $4,000, which also serves as a crucial resistance level. The optimism in the market is palpable,
Crypto
Shiba Inu, a popular meme coin, recently experienced a substantial increase in its burn rate, with an impressive 450% surge in the past 24 hours. This surge led to around 50 million tokens being sent to a null address, reducing the circulating supply and potentially increasing scarcity. Despite the USD equivalent of the burn being
Ethereum co-founder Vitalik Buterin has recently spoken out against the trend of solely supporting political candidates based on their pro-crypto views. He emphasized the significance of broader values such as individual freedoms and technological advancement. Buterin warned that a myopic focus on cryptocurrency could potentially undermine the fundamental principles that sparked the industry’s movement. Buterin
BlockFi, a crypto lender that recently emerged from bankruptcy, has taken a significant step towards repaying its clients. The company announced that it would begin the first interim distribution of funds to its clients through Coinbase. This process will start in July and continue in batches over the following months. According to BlockFi, eligible clients
DeFi Technologies, a prominent Canadian fintech company, has been making significant waves in the cryptocurrency market lately. With a core focus on diversifying its treasury strategy, the company recently announced the acquisition of another 94.34 BTC, adding to the 110 BTC it initially purchased in June. In addition to Bitcoin, DeFi Technologies has also ventured
Bitcoin’s price has been on a rollercoaster ride, experiencing a recent recovery from a period of bearish price action. The market is currently showing signs of upward momentum, with a potential new all-time high on the horizon. At the $56K support level on the daily chart, the price has found solid ground. Additionally, reclaiming the
The recent surge in the price of Shiba Inu (SHIB) has garnered significant attention in the cryptocurrency community. However, the past 24 hours have seen a 4.5% drop in the price of SHIB, raising concerns among investors. This decline comes at a time when active Shibarium accounts and daily transactions have also decreased significantly. One
Recently, leading crypto exchange OKX made a significant decision to discontinue its services in Nigeria, citing regulatory changes as the primary reason for this move. According to emails sent to OKX’s Nigerian users, customers are required to withdraw their assets from the exchange by August 30th. Any remaining balances on the platform will be subject
Bitwise Asset Management’s Chief Investment Officer has made a bold prediction that the introduction of Ethereum Exchange-Traded Products (ETPs) will drive ether (ETH) prices to new all-time highs above $5,000 by the end of the year. This forecast is based on the belief that ETP flows could have a more significant impact on Ethereum compared
In the midst of a market recovery, XRP has emerged as one of the top-performing crypto assets. With a significant gain of over 40% in the past week, XRP has shown a remarkable comeback, reaching a price level of $0.62, last seen in March. This surge has sparked investor confidence and led to heightened trading
