As Bitcoin’s price remains confined to the $29,500 zone, many traders are wondering if this is a precursor to a bearish phase. Additionally, the SEC’s postponement in approving ETF applications has ignited a sell-off sentiment among traders. Yet, a leading crypto research company is bullish, projecting that BTC’s price might be on the edge of...Read More
The crypto market recently survived July’s CPI data, leaving Bitcoin to consolidate near the $29.5K mark. The SEC’s recent delay on spot BTC ETF applications has left investors with no choice but to invest in altcoins. Over the last week, meme coins dominated the market with Shiba Inu (SHIB) leading the momentum. However, altcoins like...Read More
Shiba Inu, often dubbed the “Doge killer,” experienced a long way in the last few weeks due to the much-anticipated launch of Shibarium. Over the past few weeks, Shiba Inu (SHIB) has been making waves, gaining the attention of traders. Though the meme coin market is witnessing turmoil these days, Shiba Inu is holding the...Read More
Coinbase, one of the leading cryptocurrency exchanges, has leaped onto the blockchain innovation stage with ‘Base’ – the first decentralized blockchain mainnet launched by a publicly traded company. Coinbase-supported ‘Base’ network is now officially accessible to the public. Milestone For Coinbase Amid SEC Clash Coinbase’s ‘Base’ mainnet is now officially available to the public, boasting...Read More
Litecoin’s much-anticipated halving event on Aug 2 has resulted in a 15% price correction from $94 toward the $80 territory. Such a sharp movement has raised eyebrows and sparked intense discussions among crypto traders. However, there’s a hope of bullish momentum as the LTC price ceased its downward trajectory and pivoted upwards from its low....Read More
The first half of 2023 has brought an unexpected twist for the crypto market, which has always been a favourite target for cybercriminals. However, as the number of crypto hacks surged in an alarming fashion, a surprising trend began to emerge from hackers as they now started returning the stolen funds. This event surged exponentially...Read More
Altcoins are indeed making waves in the crypto market, and the recent activities of Litecoin (LTC), Ripple-affiliated XRP, and Solana (SOL) are clear indicators of this trend. In the past 24 hours, all three have experienced notable gains, signaling a potential shift in the crypto landscape. As Bitcoin’s (BTC) dominance begins to waver, the spotlight...Read More
In a significant development in the US crypto landscape, senior Democrats in the House of Representatives have voiced their opposition to a comprehensive overhaul of financial laws pertaining to crypto assets. However, they have also indicated that a deal on the regulation of stablecoins could be within reach. The Proposed Bill Failed To Meet Expectations ...Read More
After a series of days stuck under the $30K line, Bitcoin has finally shown a clear trend, though it’s not the one bulls were hoping for. Bitcoin slipped below its monthly support of $29K, and it didn’t stop there, continuing to slide down to the $28.8K mark. This severe bearish swing led to a massive...Read More
The previous week witnessed a downturn in the altcoin market, with top altcoins experiencing significant declines after failing to sustain higher levels. Despite the initial bullish sentiment and buying opportunities brought by Ripple’s victory, it appears that the majority of traders have now pivoted towards bearish positions. As a result, prominent altcoins, including Ripple’s XRP,...Read More
Bitcoin is currently attempting to be the star of the recovery show. In recent hours, Bitcoin has once again caught the attention of investors and traders as it sparked a renewed surge toward the $30,000 mark from a critical support level that it touched yesterday. This surge has left many questioning whether it is the...Read More
As the crypto market swiftly turned bearish from yesterday’s scarcely bullish outlook, top coins have found new support zones. Interestingly, amidst this downturn, MakerDao’s MKR stands strong as it recorded massive gains. Today, MKR soared higher with massive gains, adding nearly 20% to its value. Despite this impressive rally, MKR’s price has recently experienced a...Read More
The cryptocurrency market has been witnessing a significant bullish trend, particularly in the altcoin sector, following Ripple’s partial victory against the U.S. Securities and Exchange Commission (SEC). This legal triumph has not only boosted Ripple’s XRP but also ignited a renewed bullish wave in the altcoin market, with Stellar (XLM) and Bitcoin Cash (BCH) leading...Read More
In a recent development, a landmark judgment regarding the status of Ripple’s XRP token as a security is not expected to influence the ongoing bankruptcy proceedings of the beleaguered crypto lender, Celsius. This information was revealed by the legal counsel representing Celsius during a court hearing in New York on Tuesday. Ripple’s XRP and Celsius’...Read More
Celsius, the renowned crypto lending platform, has reportedly transferred a staggering $59 million worth of altcoins to an exchange. This significant move has sparked widespread speculation and intrigue, with many wondering if this could be a prelude to a massive conversion into Bitcoin (BTC) and Ethereum (ETH). Celsius Continues Its Selling Activity Celsius Network, a...Read More
Only a few weeks ago, Bitcoin’s market dominance had finally surpassed 50% after a two-year lull, thanks to a wave of applications for spot Bitcoin exchange-traded funds from leading financial institutions. However, following Ripple’s partial win against the SEC, Bitcoin’s dominance has experienced a setback. A sudden increase in altcoin prices led to a temporary...Read More
Bitcoin’s price saw a significant upswing, spurred on by Ripple’s victory in its legal battle with the SEC. The price of BTC even approached the $32K threshold, but a decrease in buying pressure led to a substantial decline. Bitcoin’s bullish momentum suffered another blow recently as the price dipped below the $31K mark, with the...Read More
In a surprising moment, the U.S. government has made a significant move in the cryptocurrency market. A whopping 9800 Bitcoins, previously seized from the infamous Silk Road marketplace, have been transferred. This unexpected action has left many investors and market analysts speculating about the potential impact on Bitcoin’s price and left holders on the edge...Read More
The $31,000 level has proven to be a significant resistance point for Bitcoin. Over the past few weeks, the bulls have tried and failed multiple times to break this level. Each failure has resulted in a price correction, with the most recent one being the most significant. After a failed attempt by the bulls to...Read More
As the sun rose on the global crypto market, Ethereum, the world’s second-largest cryptocurrency by market capitalization, found itself in an upward correction mode. After a period of bearish rally, Ethereum has begun a correction phase, with its price inching towards the $1,900 mark. As Ethereum faces a market correction, the focus is on the...Read More
Over the last week, the crypto market witnessed surprising price movements as Bitcoin significantly declined from a high of $31.5K. The latest US ADP data has hinted at an upcoming interest rate hike, adding another layer of uncertainty to the financial and crypto landscape. However, even in these turbulent times, certain altcoins are showing potential...Read More
As we approach the end of another tumultuous week filled with several macro events, all eyes are on Bitcoin (BTC), the digital gold standard of the crypto market. As the US CPI data is set to be announced on 12 July, investors wonder whether it would boost the BTC price or bring a severe plunge...Read More
Bitcoin continues to reign supreme as it recently surpassed the significant $31,000 mark, sparking a wave of bullish sentiment among investors and analysts. Bitcoin’s value surged beyond $31,000 on Monday following a tumultuous week of trading. This was influenced by news regarding applications for spot ETF funds and conjecture about their potential approval by the...Read More
As we enter July, the crypto market eagerly awaits the upcoming move. Bitcoin, the flagship cryptocurrency, has been flirting with the $30.5K mark, a level that has both investors and analysts on their toes. SEC’s recent decline on spot BTC ETF applications has put intense selling pressure, bringing warning signs of an immediate move among...Read More
In the midst of market volatility, Bitcoin shows a solid stability by holding the $30K threshold. This trend is mainly boosted by Fidelity’s strategic move to file for a Bitcoin ETF, which could potentially catalyze a bullish trend. Furthermore, predictions from a Bloomberg analyst suggest that BlackRock, the world’s largest asset manager, may soon receive...Read More
During a week characterized by a plethora of enticing news, the cryptocurrency market experienced significant volatility, with Bitcoin’s price persistently oscillating around the $30K mark. The recent rally in Bitcoin has resulted in reestablishing its 50% market dominance. Consequently, investors have shifted their attention to other digital assets that may potentially participate in this rally....Read More
In a landmark decision, the Supreme Court has ruled in favor of Coinbase, the leading cryptocurrency exchange, in a high-stakes arbitration case. This ruling marks a significant milestone in the legal recognition and regulation of cryptocurrency exchanges. Coinbase Celebrates a Victory at the US Supreme Court In a closely contested 5-4 decision, the Supreme Court...Read More
The Bitcoin Spot Exchange-Traded Fund (ETF) has been a significant catalyst in the recent bullish rally that saw Bitcoin’s price touch near the $31,000 mark. However, the recent turmoil near $30K in Bitcoin’s price has raised questions about the sustainability of its uptrend. The pump led by the Spot ETF applications, which had previously fueled...Read More
Ethereum has navigated a turbulent path in recent weeks, with its price exhibiting considerable volatility. ETH has seen its value both skyrocket to unprecedented levels and plummet in reaction to market dynamics and investor mood. With Bitcoin currently stealing the spotlight by surpassing the $27K mark, it’s prompting ETH holders to seize the opportunity to...Read More
Amid the altcoin crash, the price of Cardano (ADA) has been a hot topic of discussion among investors and traders. The digital asset has seen some significant volatility, and market participants are eagerly watching for signs of a recovery rally. The recent market trends have seen Cardano’s price experiencing a downward trajectory. However, before any...Read More
