Bitcoin, the popular cryptocurrency, has the potential to reach staggering price levels with the full implementation of exchange-traded funds (ETFs). According to Bitcoin analyst Willy Woo, the digital asset could see price targets of $91,000 at the bottom of the bear market and $650,000 at the top of the bull cycle if investors follow the
Crypto
Bitrace, a prominent data analysis company, has recently taken steps to address the increasing number of cryptocurrency-related crimes in Hong Kong. As part of their Corporate Social Responsibility efforts, Bitrace conducted training sessions on on-chain fund tracking for members of the Hong Kong Police Force. This initiative aims to enhance law enforcement’s understanding of blockchain
Ripple’s XRP recently experienced a significant drop of 20% following a market downturn that saw the global market capitalization of the cryptocurrency sector plummet to $2.4 trillion. This decline was felt by many long traders, resulting in multi-million liquidations. The price of XRP dropped to around $0.48 according to CoinGecko’s data, making it one of
In a surprising turn of events, venture capital funding for Bitcoin startups saw a dramatic increase in 2023, despite an overall decline in venture capital activity. A report from Trammell Venture Partners (TVP) revealed that the number of Bitcoin-native pre-seed deals soared by 360% last year, with the number of funded Bitcoin companies increasing by
Bitcoin Layer 2 solutions have been the subject of significant debate and controversy within the cryptocurrency community. Mononaut, the founder of Mempool, has been particularly vocal in his criticisms of these solutions. He argues that if a Bitcoin Layer 2 solution does not support unilateral exit, it essentially functions as a multi-signature system rather than
Over the weekend, Bitcoin experienced a significant drop in price, falling by around five thousand dollars to a multi-week low of approximately $61,000. This downward spiral also affected alternative coins, with many seeing double-digit price declines. The main factor behind this crash was the escalating tension between Iran and Israel, which sent shockwaves through the
Recently, on April 9, the EigenLayer team made a significant announcement regarding the launch of EigenDA, the first Available Validator Service, on the Ethereum mainnet. This marks a crucial milestone for the platform and showcases its commitment to innovation and progress within the blockchain space. According to the team, there has been a substantial amount
Bitcoin and the entire cryptocurrency market experienced a significant downturn over the weekend, breaking the calm that has prevailed in recent weeks. This sudden shift in market dynamics can be attributed to a variety of factors, including recent announcements by key figures in the US Federal Reserve and reports of escalating tensions between Iran and
Shiba Inu (SHIB) has recently faced a decline in its value, dropping by 6% on a weekly scale and 20% in a month, amidst a broader correction in the cryptocurrency market. However, this negative trend has caught the attention of many analysts who believe that a significant upswing is imminent. Notable crypto influencers like Rekt
Bitcoin’s market capitalization has been making headlines recently, hitting an all-time high of over $1.43 trillion and currently standing at around $1.32 trillion. With the upcoming halving event, many are speculating on whether BTC’s market cap could reach $3 trillion. While some industry participants are optimistic about this possibility, others, like Marathon Digital’s CEO Fred