Bitcoin recently experienced a significant correction, with its price dropping below $54,000 for the first time since February. This has led to mixed reactions within the crypto community, with some viewing it as a potential end to the current bull market, while others see it as a normal part of Bitcoin’s growth trajectory. It is
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The recent downturn in the crypto markets, with a 15% drop and over $350 million exiting the space, has raised concerns among investors. Cryptographer Adam Back highlighted that market corrections of around 30% are not uncommon during market cycles, emphasizing the importance of not panicking and understanding the historical patterns. Analyst ‘Rekt Capital’ echoed this
The cryptocurrency market has seen significant volatility in recent days, with Bitcoin experiencing a downturn in price since the beginning of June. The price of Bitcoin fell below $60,000 on July 3rd, followed by a further drop the next day. This downward trend has led to concerns among market players about the impact of the
The cryptocurrency market experienced a significant downturn in the last 24 hours, with the total capitalization dropping to as low as $2.07 trillion, marking an 8.6% decrease in just one day. This decline has caused major digital assets to plummet, with only a handful managing to buck the trend and see slight gains. Bitcoin, the
Bitwise, an asset management firm, has made changes to its S-1 registration with the SEC to enable the listing and trading of shares for a spot Ether exchange-traded fund (ETF). Following remarks from SEC Chair Gary Gensler indicating that approvals for spot Ether ETFs could be finalized by summer 2024, Bitwise’s updated Form S-1 registration
The recent court ruling on Binance’s BNB token has sparked a new wave of arguments in the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). Ripple is using this ruling to argue against the harsh penalties imposed by the SEC for its sales of XRP. The company is citing the
The Bitcoin network is currently displaying signs of miner capitulation, a phase where miners either halt their operations or sell off a portion of their Bitcoin reserves. This phase is crucial as it is historically associated with the bottoming out of Bitcoin prices, paving the way for a potential uptrend in the asset’s value. Since
The newest player in the meme coin market, DADDY, has experienced a significant surge in price by 35% within the past 24 hours. This surge has propelled the coin to trade at around $0.15, with its market capitalization nearing the $100 million mark. The catalyst for this sudden rally appears to be an announcement made
Asset managers are currently expressing optimism regarding the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission (SEC), with expectations of approval possibly by mid-July. The SEC has given ETF applicants a deadline until July 8 to submit updated paperwork and amended S-1s, with potential additional rounds
Artificial intelligence (AI) has become an integral part of our lives, with various applications ranging from chatbots to content filtering. However, the concept of AI censorship is raising concerns among experts, including Charles Hoskinson, the co-founder of Cardano. Charles Hoskinson highlighted the issue of AI censorship, emphasizing that the alignment training associated with it is
