The Bitcoin network is currently displaying signs of miner capitulation, a phase where miners either halt their operations or sell off a portion of their Bitcoin reserves. This phase is crucial as it is historically associated with the bottoming out of Bitcoin prices, paving the way for a potential uptrend in the asset’s value. Since
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This decline indicates an increase in selling pressure and a growing bearish sentiment in the market. Traders are closely monitoring Ethereum’s behavior for signs of either stabilization or further decline as it nears this critical threshold.
Bitcoin, the leading cryptocurrency, has been experiencing a bearish trend lately, influenced by negative market factors. Despite this, large investors are not shying away from accumulating more Bitcoin during this time. Recent data from Santiment, an on-chain data tracking platform, has shown that investors holding over $600,000 worth of Bitcoin have been steadily increasing their
The newest player in the meme coin market, DADDY, has experienced a significant surge in price by 35% within the past 24 hours. This surge has propelled the coin to trade at around $0.15, with its market capitalization nearing the $100 million mark. The catalyst for this sudden rally appears to be an announcement made
The crypto analyst Quinten François has recently provided a bold prediction for the future trajectory of Bitcoin. He suggested that Bitcoin could potentially rise to as high as $4.5 million, citing the significance of Bitcoin’s fourth halving as a key factor in this projection. According to Quinten, Bitcoin is currently at the bottom of a
Meta’s CEO, Mark Zuckerberg, has painted a picture of a future where smart glasses equipped with holographic displays will revolutionize the way we communicate and interact with digital content. In a recent interview, Zuckerberg expressed his enthusiasm for these innovative glasses which are set to surpass smartphones as the primary computing device for humanity. Despite
Recently, the popular cryptocurrency exchange KuCoin made headlines by announcing that it would start collecting a 7.5% value-added tax on trading fees from its Nigerian users on July 8. This decision, outlined in a statement released on July 3, caught many users by surprise. The introduction of the VAT on transaction fees for Nigerian users
Asset managers are currently expressing optimism regarding the potential approval of the first U.S. ETFs directly investing in Ethereum by the Security and Exchange Commission (SEC), with expectations of approval possibly by mid-July. The SEC has given ETF applicants a deadline until July 8 to submit updated paperwork and amended S-1s, with potential additional rounds
The recent setback in Ethereum (ETH) price, dropping back to the $3,400 support level after briefly surpassing $3,500, was primarily influenced by the delay in SEC approval for Ethereum ETF applications. The expected approval date was initially set for July 2 but has now been postponed to July 8. This delay has caused speculation and
Fundstrat’s head of research, Tom Lee, has once again reiterated his bold prediction for Bitcoin, suggesting that the pioneer cryptocurrency will skyrocket to $150,000. In a recent CNBC Television interview, Lee expressed his bullish optimism about Bitcoin’s future, confidently stating that the cryptocurrency will break out of the current bearish trends in the market. This
Mike Novogratz, the CEO of Galaxy Digital, recently expressed his optimistic outlook for cryptocurrency regulation in the US, regardless of the outcome of the 2024 presidential election. He emphasized the importance of bipartisan support for the crypto sector, stating that it cannot afford to have one party in favor of it while the other opposes
Entrepreneur and billionaire Mark Cuban has recently called on the US Securities and Exchange Commission (SEC) to make adjustments to Form S-1 to accommodate token-based companies looking to register with the authorities. This request comes in response to SEC Commissioner Mark Uyeda’s concerns about the current challenges with crypto disclosure filings. Form S-1 is a
Bitcoin’s price has recently experienced a 15% decrease since hitting an all-time high in mid-March. This dip has caused uncertainty among investors and traders, wondering if the bullish trend is coming to an end. One important metric to consider is the Fear and Greed Index, which reflects investor sentiment in the market. With the index
In the midst of the year 2024, Bitcoin and Ethereum have emerged as the standout assets, outperforming traditional investments like the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. According to a recent update from Matrixport, these two cryptocurrencies have once again taken the lead among various asset classes. The approval of