Bitcoin recently experienced a significant daily surge, jumping from $53,600 to over $58,000 in just one day. This surge has left many in the crypto community wondering about the reasons behind this impressive price movement. One possible explanation lies in the US spot Bitcoin ETFs that have been in play since mid-January this year. These
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Bitcoin (BTC) witnessed a significant price drop over the weekend, triggered by the release of August nonfarm payrolls (NFP) data which failed to meet analysts’ expectations. The cryptocurrency experienced a sharp decline of nearly 5%, plunging below the $54,000 range and hitting its lowest level since early August. This sudden price weakness not only impacted
The United States Federal Bureau of Investigation (FBI) has recently issued a paper warning the public about the increasing threat of aggressive attacks from North Korean hackers targeting the crypto industry and companies associated with digital asset investment products. These attacks primarily consist of sophisticated social engineering tactics that even individuals well-versed in cybersecurity practices
Ethereum, once considered a strong competitor to Bitcoin, has seen a significant decline in performance since undergoing the Merge two years ago. The transition from a Proof-of-Work to a Proof-of-Stake consensus mechanism in September 2022 has had a notable impact on Ether’s value relative to Bitcoin. This article will delve into the major factors contributing
Bitcoin’s recent market price drop below $50,000 has sparked concern among investors, especially after reaching highs of $65,000 just weeks prior. The asset has seen a 7% decline in the past seven days, raising questions about its future trajectory. BTC Price Predictions Crypto analyst Astronomer Zero has suggested that the market may be nearing a
Bitcoin’s price took a significant hit on Friday, experiencing a sharp drop before recovering some ground on Saturday. Despite this rebound, the cryptocurrency has struggled to maintain its position above $54,000 since then. The week started off on a positive note, with Bitcoin approaching the $60,000 mark on Tuesday. However, a swift rejection followed, causing
In a groundbreaking case in Scotland, a total of £110,000 has been confiscated from 29-year-old John Ross Rennie, marking the first instance in which proceeds of crime legislation have been utilized to seize cryptocurrency as physical cash. This case was finalized at the High Court in Edinburgh, shedding light on the growing issue of crypto-related
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), a financial institution known for catering to crypto companies. The central bank pointed out significant deficiencies in UTB’s governance, particularly in relation to anti-money laundering (AML) laws and risk management connected to virtual currency customers and foreign correspondent banking. This action
Ethereum has been facing a bearish trend recently, with a notable decline in its price following a pullback to the lower boundary of a broken wedge pattern. This decline has been further exacerbated by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. These factors have instilled
In the midst of the volatile crypto market, large investors are ramping up their activities, as revealed by data intelligence firm Santiment. The analysis highlights the top ten crypto projects experiencing a surge in whale activity, defining whales as investors carrying out transactions worth $100,000 or more. This trend sheds light on the shifting dynamics
