The recent price action of Bitcoin has led many to believe that the altcoin season is on the horizon. According to crypto analyst Rekt Capital, Bitcoin is expected to experience one last Pre-Halving retrace before embarking on a parabolic move post-halving. This presents a prime opportunity for altcoins to flourish, as Bitcoin faces a significant
Bitcoin, after reaching an all-time high of $52,000 in just two years, seems to have hit a roadblock. Currently trading below this significant psychological threshold, the sentiment surrounding Bitcoin remains optimistic despite this setback. Recent data suggests a distinct pattern of behavior among long-term holders of Bitcoin. These investors have collectively sold about 200,000 BTC
Bitcoin millionaire Arthur Hayes has recently taken aim at the Cardano (ADA) network, calling it a “wannabe Ethereum” and questioning its relevance in the crypto industry. Hayes, known for his role as a founder and former CEO of the BitMex crypto exchange, expressed his strong dislike for Cardano in a recent interview with Coin Bureau.
In response to the increasing scrutiny of global crypto regulations, Backpack Exchange, a crypto platform founded by former FTX executives, announced its expansion to 11 US states. This move signifies a strategic effort to establish a strong presence in the US market and comply with regulatory requirements. CEO Armani Ferrante expressed the company’s dedication to
MetaMask has recently announced a major upgrade to its Security Alerts feature, which is now being implemented as the default transaction alert system for both Extension and Mobile users on various blockchain networks. This collaboration with Blockaid aims to provide users with an additional layer of privacy and protection against scams, without compromising their transaction
In the fast-paced world of cryptocurrencies, Ethereum has been generating a lot of excitement among investors. This surge in interest is largely due to a bold prediction made by Michaël van de Poppe, the CEO of MN Trading. According to van de Poppe, Ethereum has the potential to climb up to an impressive range of
On Feb. 21, Bayo Onanuga, a special adviser to Nigerian President Bola Tinubu, accused Binance of “blatantly setting exchange rate for Nigeria, hijacking CBN role,” in a scathing attack on social media platform X. He continued, “The EFCC and the CBN should move against these platforms trying to manipulate our national currency to Ground Zero.
Bitcoin recently saw a retracement after hitting $53,000 on February 20. Despite this dip, Bitcoin whales are using it as an opportunity to accumulate more of the flagship cryptocurrency. Ki Young Ju, the founder and CEO of the on-chain analytics platform Crypto Quant, revealed in a post on X (formerly Twitter) that inflows into accumulation
VanEck’s Bitcoin exchange-traded fund (ETF) experienced a remarkable development on Tuesday, as its daily trading volume soared to over $258 million. This represented an astonishing 14-fold increase in just one day. Despite this achievement, VanEck has struggled to keep pace with other major ETFs like BlackRock, Fidelity, and Grayscale, which have consistently dominated daily trading
The trend of declining exchange balances for Bitcoin has been evident since mid-March 2020, marking a significant shift in investor behavior. Initially, over 17% of Bitcoin’s total supply was held on exchanges, reaching a record high. However, this trend has continued through Bitcoin’s 2021 bull run and into 2024. According to CryptoSlate’s analysis of Glassnode
