The recent surge in Bitcoin’s price, surpassing the $70,000 mark, has sparked optimism among long-term holders who have now seen their holdings enter the profit zone. This surge has been particularly evident among US-based investors, as indicated by the positive Coinbase premium. The Coinbase Premium Index (CPI), previously in the negative since May 18, has
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Ethereum price recently experienced a downside correction from the $3,885 resistance zone. The price is now back below $3,800 and might continue to slide towards $3,720. This correction came after Ethereum failed to clear the $3,880 resistance level, signaling a potential shift in the market sentiment. Technical indicators such as the 100-hourly Simple Moving Average
The metaverse is no longer a distant concept; it is now a reality that is transforming the digital world and how we engage with it. Metaverse apps act as gateways to these virtual shared spaces, offering immersive experiences, social interactions, and economic activities in a 3D environment. The concept of a metaverse app bud is
Kraken, a well-established cryptocurrency exchange in the United States, is reportedly in the process of organizing a significant funding round in preparation for a potential initial public offering (IPO) in the upcoming year. According to sources cited in a recent Bloomberg report, the exchange is looking to raise approximately $100 million before moving forward with
Nadine Chakar, the global head and managing director of DTCC Digital Assets, recently presented a convincing argument regarding the advantages of tokenization during her testimony before the House Financial Services Subcommittee on Digital Assets. In her testimony, Chakar emphasized the transformative impact of tokenizing real-world assets and how it could benefit the US financial markets.
Renowned financial expert Robert Kiyosaki has recently taken the crypto world by storm with his bold prediction for Bitcoin’s price. In a tweet, Kiyosaki stated that he firmly believes Bitcoin will hit $350,000 by August 25th. While some may view this prediction as mere speculation, Kiyosaki stands by his forecast, emphasizing that any prediction about
Asset manager VanEck recently revised its prediction for Ethereum (ETH), revealing what price it believes the second-largest crypto token could reach by 2030. In a recent blog post, VanEck predicted that Ethereum could reach $22,000 by 2030. This represents a significant increase from their previous prediction of $11,800 for the same period. The firm attributes
Robinhood’s recent announcement of acquiring Bitstamp for $200 million in cash has sent shockwaves across the global crypto market. This strategic move is poised to redefine the landscape of the industry and solidify Robinhood’s position as a key player in the sector. The acquisition of Bitstamp, a major global crypto exchange founded in 2011, will
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing an unprecedented streak of inflows, with 17 consecutive days of net additions. The significant influx of $886.6 million on a particular Tuesday marked the second-highest single-day inflow since their inception. The following day saw another substantial inflow of $488.1 million, attributed to major financial players
In a ground-breaking move, MetaMask has forged a partnership with HyperPlay, a renowned Web3 game store, to revolutionize the world of Web3 gaming. This collaboration has paved the way for the introduction of a new games directory within the MetaMask Portfolio, offering users a seamless way to explore and manage in-game assets. By joining forces,