Bitcoin has experienced significant price fluctuations in the past few days, causing distress among investors. The cryptocurrency slumped to $65,000, marking a monthly low after a brief pump to $70,000 earlier in the week. The volatility was fueled by growing anticipation and fear surrounding the US CPI numbers and the FOMC meeting. The Altcoin Market
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The cryptocurrency market has been experiencing a period of sideways movement, with significant declines seen earlier in the week. Bitcoin, in particular, has been struggling to break past the $67K mark, with the price hovering around that level at a 1% loss over the past 24 hours. Despite attempts to surpass $68K, the sellers have
Terraform Labs, the defunct crypto firm behind the Terra blockchain, has recently come to a settlement agreement with the Securities and Exchange Commission (SEC). The SEC has accused the company and its co-founder, Do Kwon, of engaging in fraudulent activities related to the defunct blockchain, resulting in massive losses for investors. As part of the
The cryptocurrency market, led by Bitcoin and Ethereum, recently experienced a surge following the release of the latest US Consumer Price Index (CPI) data. Bitcoin saw a 3.4% increase while Ethereum gained 2.43% over the past 24 hours. Despite this positive movement, the market remains uncertain, with Bitcoin hovering around $70,000 and Ethereum struggling to
Recent analysis by 10x Research CEO Markus Thielen suggests that Bitcoin is on the verge of reaching a new all-time high. Thielen has identified a “head and shoulders” chart pattern that is close to completion, indicating a potential rally towards $83,000 in the near future. Despite facing some resistance and retreating to just over $69,000
Core Scientific, a key player in North America’s digital infrastructure sector, has recently announced a game-changing strategic partnership with CoreWeave, an AI Hyperscaler. This collaboration involves a series of long-term contracts spanning over 12 years, where Core Scientific will provide approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. This partnership marks
In a recent announcement, Coinbase CEO Brian Armstrong revealed that over one million individuals have joined the ‘Stand With Crypto’ movement to advocate for the cryptocurrency industry. This massive surge in supporters has not gone unnoticed, with Armstrong highlighting that these members have become a formidable voting bloc. The movement gained traction, particularly after a
The recent drop in Bitcoin price has left many investors scratching their heads, especially considering the positive news surrounding US-based ETFs. These exchange-traded funds have been a major game-changer in the cryptocurrency industry, allowing retail investors and institutions easy access to Bitcoin’s performance without the hassle of storing keys or passwords. The immediate effects were
XRP, the cryptocurrency associated with Ripple, has been hovering around the $0.52 mark in recent times. Despite this stagnation, analysts are optimistic about a potential rise to $0.70 in the upcoming summer months. DustyBC Crypto and Blockchainedbb are among those who believe that XRP is on the brink of breaking out of its consolidation phase,
Robert Kiyosaki, the renowned financial expert and author of Rich Dad Poor Dad, has recently made a bold prediction regarding the price of Bitcoin (BTC). According to him, he firmly believes that BTC will reach an astonishing value of $350,000 by August 25th. While Kiyosaki acknowledges that his prediction may be considered as mere speculation,
