The recent surge in Bitcoin price above $67,000 has left many investors wondering about the factors contributing to this positive performance. According to data from CoinMarketCap, this increase has been linked to low inflation levels reported in the latest Consumer Price Index (CPI) data. However, the influence of stablecoins, particularly USDT, cannot be ignored in
Dogecoin, the meme-powered cryptocurrency, has been making waves in the market recently. With a total market capitalization of $19.8 billion and trading at $0.145, Dogecoin seems to be on a steady upward trajectory. In comparison, Ripple XRP, with a price of $0.5 per token and a market cap of $27 billion, has been facing challenges,
Coinbase, one of the leading cryptocurrency exchanges, has stated that they believe there is a 30% to 40% chance of the SEC approving spot Ethereum ETFs by the end of the month. This prediction comes from their Institutional Research Analyst, David Han. He pointed out that the correlation between CME futures products and spot exchange
In the recent surge of Solana meme coins, ETF token has seen a remarkable increase of +207% in just 24 hours, driven by the growing interest in crypto ETFs. The price of ETF token is currently trading at $0.00134, with a 24-hour change of +202%. This sudden spike in price occurred after a series of
Recently, Crypto analyst Crypto Jebb brought attention to an inverse heads and shoulders pattern that had emerged on the Bitcoin chart. This pattern is seen as a bullish indicator that could potentially lead to another rally for the leading cryptocurrency. According to Jebb, this pattern has the potential to push Bitcoin’s price to $100,000, a
France’s Autorité des Marchés Financiers (AMF) recently issued a warning to French crypto investors regarding Bybit, a popular digital asset trading platform. According to the notice released on May 16, the AMF emphasized that Bybit is not a registered platform in the country. The financial regulator urged retail investors to exercise caution when considering investment
Since the historic Merge upgrade on Ethereum over 19 months ago, the data is crystal clear – Ether (ETH) has been struggling to keep up with Bitcoin (BTC). The ETH/BTC price ratio hit a three-year low recently at 0.044, indicating that Ether’s market dominance against Bitcoin has been steadily decreasing. Many Ethereum bulls had high
The US Treasury Department has laid out a comprehensive plan to tackle the risks posed by cryptocurrencies and other emerging technologies in its 2024 National Strategy for Combating Terrorist and Other Illicit Financing. The strategy aims to address the evolving threat environment where criminal organizations are increasingly using digital assets for illegal activities such as
Bitcoin’s recent surge above $66,000 has caught the attention of investors and analysts alike. Several factors are believed to have contributed to this price rally, with one significant factor being the release of the Consumer Price Index (CPI) inflation data. The CPI data, announced on May 15, showed a lower-than-expected increase in inflation, indicating a
The recent resurgence of interest in meme coins, spurred on by Roaring Kitty’s return, has led to a surge in the value of Wall Street Pepe. The community’s enthusiasm, fueled by ‘Wolf of Wall Street’ inspired Pepe memes, drove the price to an all-time high before a sudden crash ensued. With Wall Street Pepe currently
