Bitcoin’s price has been struggling to maintain an upward trajectory after falling from the $75K level. Despite being trapped in a descending channel pattern on the daily chart, the momentum does not appear to be overwhelmingly bearish. The $60K support zone has proven to be strong, preventing the price from dropping significantly. As the market
Crypto
Robinhood, a popular trading platform among millennials, recently released its earnings report for the first quarter of the year. The report showcased impressive numbers, with record revenues of $618 million, marking a 40% increase year-over-year. Moreover, revenue from cryptocurrencies saw a staggering surge of 232%, reaching $126 million. The firm attributed a significant portion of
Polkadot has recently made significant improvements to its network performance, which have resulted in a faster and more efficient processing of transactions. One of the key advancements is the implementation of Asynchronous Backing on the network, optimizing the validation process of parachain blocks by the Relay Chain. This has led to a doubling in the
The Hong Kong police force is currently on the lookout for four individuals who abducted a crypto investor in a shocking incident at Tai Lau Leng Village off Po Shek Wu Road in the Sheung Shui district. The unidentified woman, aged 55, was taken while she was in a car with her husband, with the
As the 2024 U.S. presidential election approaches, crypto has become a significant topic of discussion among voters. A survey conducted by Digital Currency Group (DCG) revealed that one in five voters consider crypto to be a major issue in the upcoming election. Surprisingly, even though only 14% of voters currently have exposure to crypto, about
In the past 24 hours, the cryptocurrency market has experienced a significant calm after the storm, halting the bearish assault that was previously dominating. Bitcoin’s price is now hovering around $61K on a Sunday morning, while Ethereum has dropped below the crucial $3K level. Just a day ago, Bitcoin saw a sudden correction, plummeting below
Core Scientific, a prominent player in the Bitcoin mining industry, recently announced its financial results for the first quarter of 2024. The company’s performance showed a remarkable improvement since its emergence from bankruptcy. With a net income of $210.7 million, Core Scientific demonstrated a significant turnaround compared to a net loss of $0.4 million in
Despite facing a recent 20% decline in a week, Shiba Inu (SHIB) has been predicted to experience a significant rally in the near future. Various analysts have pointed out positive technical indicators that could drive the price of SHIB upwards, despite its recent underperformance in the market. Positive Signals for SHIB One of the bullish
Monero has seen a surge in discussions on social media platforms following the news of LocalMonero’s closure. Santiment data indicates a significant uptick in interest in Monero (XMR) as a result of this announcement. The closure of LocalMonero, a peer-to-peer exchange based on Monero (XRP), has generated a mix of internal and external factors as
Digital asset investment products have been experiencing outflows consistently for the past four weeks, with the total amounting to $251 million. What is particularly concerning is that last week marked the first time there were “measurable outflows” from newly issued ETFs in the US, with a total of $156 million flowing out. This trend indicates
