The cryptocurrency market, once a hotbed of excitement and potential, is currently experiencing a significant downturn. Bitcoin, the flagship cryptocurrency, has seen a sharp decline in value after reaching record highs earlier this year. The recent weeks have been characterized by a mass exodus of investors from Bitcoin, with over $630 million flowing out of
Bitcoin (BTC) has seen a continued downtrend, with prices dropping to new local lows of under $59,000. During the U.S. Monday trading session, BTC briefly went below $60,000, hitting a low of $58,500. This decline can be attributed to the outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market. The latest weekly report from
MetalCore is not just another online game; it represents a significant shift in the gaming industry. With its sci-fi mech shooter gameplay set on the planet Kerberos, MetalCore offers players a unique and immersive gaming experience. The promise of thrilling PvPvE battles and a player-driven economy sets it apart from traditional online games. This game
Anthony Scaramucci, the founder of SkyBridge Capital, has made bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate wins, Bitcoin could reach new all-time highs. During an interview on Unchained, Scaramucci mentioned that he expects a new ATH for Bitcoin during a second Biden administration, with the cryptocurrency rising
Coinbase, a prominent player in the cryptocurrency market, could be facing regulatory challenges in the near future. This is in relation to new FASB accounting rules that are set to change the way digital assets are accounted for. The Financial Accounting Standards Board (FASB) agreed upon new accounting rules in 2023 that will officially come
Marvel Entertainment’s partnership with VeVe represents a groundbreaking moment in the realm of digital collectibles. By merging NFT technology with traditional comic book collecting, Marvel is stepping into a new era where fans can experience their favorite stories in a whole new way. With over 300 new digital issues available from iconic series like Spider-Man,
Louisiana Governor Jeff Landry recently signed a bill, HB 488, that aims to protect the rights of individuals and businesses to engage in crypto transactions. The bill prohibits central bank digital currencies (CBDCs) and ensures that governing authorities cannot accept or require payments in CBDCs. The bill also lays out rules around crypto mining and
Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. With a background in mechanical engineering and over a decade of experience in journalism, Ngetich has specialized in covering topics such as NFTs, blockchain, DeFi, and blockchain news for NewsBTC. His expertise has allowed him to craft over 10,000 news and feature
Bitcoin’s price has been on a downward trend in recent days, failing to sustain above the $70K level. Currently, the market is approaching a critical juncture as the price hovers around the pivotal $60K support level. The 200-day moving average at $58K adds to the significance of this support, with a potential break below $60K
Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure. This shift has seen Bitcoin struggling to maintain higher levels, triggering anxiety among investors and traders. Technical Indicators
NFTs, or non-fungible tokens, have taken the digital world by storm in recent years. Unlike traditional cryptocurrencies like Bitcoin and Ethereum, NFTs represent ownership of unique digital assets such as art, music, videos, and more. Each NFT has its own distinct value and cannot be exchanged on a 1:1 basis, making them highly sought after
Stablecoin transfer volumes have seen a remarkable surge in recent months, reaching over $1.68 trillion in April. This marks a significant increase from the $100 billion recorded just a few months prior in October 2020. The 16-fold rise in transfer volumes underscores the growing potential of stablecoins in revolutionizing financial processes and facilitating cross-border transfers.
A recent analysis by crypto expert Justin Bennett suggests that Bitcoin may be on the verge of witnessing a significant price decline to levels as low as $52,000. The breaking of key support levels has raised concerns among investors, indicating a potential shift from a bullish to a bearish position. Bennett’s prediction, shared on X
The market intelligence platform Santiment recently outlined the top 10 Artificial Intelligence (AI) cryptocurrencies that have shown the most development activity over the last 30 days. NEAR Protocol (NEAR) leads the list with an index of 173.5, followed by The Graph (GRT) and Oasis Network (ROSE) with ratios of 143.5 and 101.1, respectively. Interestingly, some