Ever since the Merge two years ago, Ethereum has been experiencing a decline in performance compared to Bitcoin. What was once considered ultra-sound money, ether (ETH) is now on the brink of falling into undervalued territory. The reasons behind Ethereum’s underperformance since the Merge have been identified by blockchain analytics platform CryptoQuant. Issues such as
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Bitcoin’s market price has recently experienced a significant drop, falling below $50,000 for the first time since the approval of spot Bitcoin ETFs in the US. This decrease comes after a previous crash in early August, where the price of Bitcoin plummeted before rebounding to $65,000. However, the bears appear to have regained control of
Bitcoin, the leading cryptocurrency, experienced a significant drop in price on Friday, causing panic among investors. However, the market managed to stabilize, and Bitcoin regained some of its losses on Saturday, hovering above the $54,000 mark. This price movement has not only affected Bitcoin but also had repercussions on other altcoins in the market. Ethereum
In a groundbreaking case in Scotland, an amount of £110,000 was seized from a 29-year-old man named John Ross Rennie. This incident represents the first time that proceeds of crime legislation have been utilized to confiscate cryptocurrency as physical cash in the country. The case was resolved at the High Court in Edinburgh, highlighting the
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), stating that the bank had significant deficiencies in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. This order comes after an examination conducted in May 2023,
The crypto market is infamous for its unpredictability, with prices constantly fluctuating up and down. Despite this volatility, large investors, often referred to as whales, are actively participating in the market. Data intelligence firm Santiment has recently released an analysis highlighting the top ten crypto projects with the most significant increase in whale activity. SuperRare:
The recent decrease in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has raised eyebrows in the crypto market. This drop, which has brought the metric to its lowest level since October 2023, correlates with the ongoing downward trend in the value of bitcoin (BTC) and other cryptocurrencies. Analyst EgyHash from CryptoQuant believes
The latest US jobs report released on Friday fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000 or more. This news caused a stir in the financial markets, particularly in the cryptocurrency space, with Bitcoin seeing a surge towards $57,000 in response. The jobs report is crucial
Toncoin (TON) witnessed a significant decline from its peak in June, currently trading at a 40% lower value. The once-promising asset saw a sharp drop after reaching an all-time high of nearly $8.20 earlier in the year. Unfortunately, this momentum was short-lived, and the price has since plummeted to around $4.80, leaving many investors at
One of the major narratives that have been dominating the crypto market in 2021 is the influence of crypto whales – large holders of bitcoin and other popular cryptocurrencies. These whales have the power to significantly impact prices and market sentiment. The fear of market manipulation by whales has been a cause of concern for