Bitcoin’s price recently experienced a notable decrease after breaking down the $64K support level. This has put the price in a crucial area that could potentially determine the mid-term fate of the crypto market. On the daily chart, the price has been on a downward trend since forming a double top pattern at the $68K
Crypto
The recent discoveries made by on-chain investigator ZachXBT have shed light on the involvement of convicted UK hacker Gurv in the cyber compromises of American actress Sydney Sweeney and ‘Breaking Bad’ actor Bob Odenkirk. These incidents resulted in over $530,000 being stolen through Solana meme coin scams. On July 2nd, Sydney Sweeney fell prey to
Bitcoin (BTC) miners are experiencing a boost in profitability, which could potentially lead to a decrease in selling pressure from this group of market participants. Following Bitcoin’s rally to $69,000, the cryptocurrency’s hashrate has seen a recovery, now only 3% lower than its all-time high compared to 8% on July 9. This resurgence in hashrate
The recent economic uncertainty in the United States has had a significant impact on the cryptocurrency market, particularly on the price of Bitcoin. In the past day, Bitcoin’s price experienced a sharp decline, dropping to $60,500 for the first time in almost three weeks. This downward trend was mirrored by several other altcoins, with assets
Bitfarms, a Toronto-based Bitcoin mining company, recently reported that its operational hash rate reached an impressive 11.1 EH/s by the end of July. This marked a significant 109% increase compared to the previous year, showing the company’s continuous growth and development in the industry. Additionally, there was a 7% rise in hash rate month-over-month, with
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has recently entered the retail cryptocurrency trading scene in the city-state. This decision marks a significant step towards attracting more investors by offering the opportunity to trade popular cryptocurrencies such as bitcoin and ether. Futu Securities International has partnered with HashKey
MicroStrategy, known for being the largest public Bitcoin holder in the world, recently revealed its intention to raise up to $2 billion through the sale of its class A shares. This announcement was made in a regulatory filing with the U.S. Securities and Exchange Commission. While the company did not specify a timeline for the
Over the past few weeks, XRP has experienced quite a tumultuous journey in terms of its price movements. The cryptocurrency started off strong, rallying to a four-month high of $0.66, only to plummet to around $0.56 in just a few days. This 7% decrease on a daily scale and 14% decline since its local top
Ethereum experienced a 3% loss in value this week, failing to regain its previous support level of $3,300. The current key support is now at $2,800, with the possibility of further decline if market sentiment remains bearish. The MACD and RSI indicators indicate a bearish momentum, suggesting that sellers are currently dominating the market. Until
The decentralized finance (DeFi) sector is currently experiencing a significant resurgence, with key metrics such as active loans and total value locked (TVL) showing growth from their lows in 2023. DeFi lending plays a crucial role in allowing investors to lend their crypto assets in exchange for interest, serving as a barometer for DeFi participation
