Ethereum, one of the top cryptocurrencies by market cap, has been facing a bearish movement recently, leading to a drop in its price. This downward trend has left many investors in the red and has raised concerns about the future of ETH. Despite its popularity, Ethereum continues to underperform compared to other cryptocurrencies in the
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
Friend.tech, a once-promising decentralized social media platform, has recently made a controversial decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move has had significant repercussions on the platform’s ecosystem, particularly on the value of the FRIEND token. While this decision has sparked immediate market reactions, it is
Crypto analyst Daan Crypto recently highlighted a Bitcoin Rainbow Chart, shedding light on the crypto’s current price action. According to Daan Crypto, Bitcoin needs to maintain a price level above $60,000 to initiate a bullish reversal in its trend. The analyst emphasized the significance of breaking above $60,000 for Bitcoin to potentially reach new highs
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
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a period of uncertainty in the market. Despite the overall downturn, there are some indicators showing growing optimism among investors, with a portion of the market accumulating ADA at these levels. This accumulation suggests that investors may anticipate a reversal soon.
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
