Bitcoin is currently down 23% from its peak price, with most of those losses coming over the past week. The summer crash had been predicted on the premise that the four-year cycle was too early to peak. On July 7, market analyst Benjamin Cowen eyed the Bitcoin bull market support band (BMSB) as a key...Read More
The recent price weakness triggered by Mt. Gox and the German Government’s selling pressure was likely perceived as a buying opportunity, as evidenced by the inflow of $441 million in digital asset investment products over the past week. During the same period, Exchange Traded Products (ETPs) recorded low volumes of $7.9 billion for the week,...Read More
The Republican National Committee has released its 2024 GOP Platform ahead of this year’s federal election, adopting several stances aligning with Donald Trump’s “America First” policies instead of traditional GOP social issues. That includes a specific policy dedicated to protecting Bitcoin and crypto – an industry that Trump has tightly aligned himself with this year....Read More
The start of Mt. Gox repayments has sparked a frenzy in the crypto market, leading to the rising demand for Bitcoin and other major cryptos, which has led to significant sales and pushed many investors to alternative firms. Investors seeking protection from stocks that could soon go belly up or those who want to exploit...Read More
The government of Germany began readying for its biggest Bitcoin dump yet on Monday, sending $900 million worth of the digital currency to trading venues. On-chain data from Arkham Intelligence shows that over 16,000 BTC left the exchange’s wallet on July 8, leaving 23,787.7 BTC ($1.35 billion) remaining in its coffers. Germany’s Biggest Bitcoin Sale...Read More
Infamous scam-as-a-service kingpin ‘Pink Drainer’ appears to have found itself on the receiving end of the very type of scheme it once peddled. According to an update shared by MisTrack, a crypto compliance platform, the notorious wallet-draining group lost about $30,000 worth of Ethereum due to an “address poisoning” scam on July 7. With this...Read More
[PRESS RELEASE – Hamilton, Bermuda, July 8th, 2024] HashKey Global, flagship licensed crypto exchange under HashKey Group is excited to announce the listing of XRADERS (XR). Deposits open on July 8, 2024, at 10:00 (UTC), with XR/USDT spot trading starting on July 11, 2024, at 8:00 (UTC), and withdrawals available from July 12, 2024, at 8:00...Read More
Andrew Kang, founder of Mechanism Capital, predicted that over 98% of altcoins have already peaked for the current cycle. He noted that only a select few coins might see new highs in late 2024 to early 2025, with meme coins likely to make up most of the coins with the potential to reach new highs....Read More
Crypto markets have spent the weekend relatively flat, having failed to recover anything from last week’s $300 billion crash. Moreover, investors will closely watch this week’s Consumer Price Index report, as it is a key indicator of inflation that could signal the direction of economic recovery. Economic Calendar June 8-12 Fed chair Jerome Powell will testify...Read More
[PRESS RELEASE – New York, United States, July 8th, 2024] Shardeum collaborates with leading web3 bug bounty platform to test the network head of mainnet launch, offering a total of $700,000 USD in bounties. Shardeum, the autoscaling layer-1 blockchain, announces a partnership with Immunefi, the leading bug bounty and security services platform for Web3, to...Read More
Following an intense bearish week, the BTC price struggles to sustain dominance at critical support levels. Dropping under the $56K level this Monday, the selloff rally is gaining momentum. With institutions adding to the retail FUD rally, the broader market sentiment is fearful. However, some hope of a bullish reversal chances are starting to light...Read More
