Bitcoin (BTC) has experienced a 4.5% decline in the past week, reaching a monthly low of $65,000. This drop in value is believed to be attributed to the heightened selling activity from mining entities. According to analysts in the recent CryptoQuant weekly report, Bitcoin mining entities have been sending an increased number of BTC to
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Ripple is set to introduce a new stablecoin called Ripple USD (RLUSD) in 2024 on both the XRP Ledger and Ethereum platforms. This stablecoin is designed to act as a link between traditional finance and the cryptocurrency industry. Despite the promising prospect of RLUSD, the United States Securities and Exchange Commission (SEC) has already criticized
In a recent report by KuCoin exchange’s research arm, it was noted that the cryptocurrency market saw $1 billion in new investments in May. This represents a slight decrease from the previous month, indicating a 6.4% decline in investment figures. However, when compared to May 2023, there has been a 10.61% increase in disclosed investments,
In a recent report by blockchain intelligence firm TRM Labs, it was revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers have more than doubled in the first four months of 2024 compared to the same period in 2023. This surge in cryptocurrency transactions indicates a growing trend of using digital
There has been a recent update from Bloomberg analysts Eric Balchunas and James Seyffart regarding the anticipated launch of Spot Ethereum ETFs. Balchunas took to social media to share that they have adjusted their forecasted launch date to July 2nd. They have received information that the SEC has provided feedback on S-1 filings from fund
Bitcoin has experienced a slight decline in its market price over the past week, with a 4.65% drop according to data from CoinMarketCap. Crypto analyst Ali Martinez has raised concerns about potential further losses for Bitcoin if it fails to secure a specific support zone. Martinez’s analysis is based on the UTXO Realized Price Distribution
Ethereum experienced a 4.4% loss in price this week, signaling a shift in bullish momentum. The price action was dominated by sellers, pushing the cryptocurrency down to the key support level at $3,500. Despite this pullback, there is optimism that it could be a normal retest following a significant breakout after the ETF confirmation. As
Currency has played a significant role in the advancement of societies throughout history. From bartering systems to standardized coins and paper money, the evolution of currency has shaped human experience. However, in recent decades, the financial landscape has been marred by chaos and instability, raising concerns about the loss of control over traditional currencies. The
Bitcoin has faced challenges in surpassing the recent all-time high of $73,000, but Bernstein, a prominent brokerage firm, remains positive about the future trajectory of the asset. In a recent report, Bernstein analysts revised their long-term price forecast for BTC to $200,000 by the end of 2025, up from their previous prediction of $150,000 for
In the past week, Bitcoin has faced a significant amount of selling pressure, resulting in a nearly 5% decline in its value, according to CoinGecko. This decline led to Bitcoin reaching its lowest level in nearly a month, dropping to around the $65,000 mark on June 14th. Recent data from crypto analyst Ali Martinez indicates