Bitcoin has recently seen a significant surge in price, surpassing the $56,000 mark. This increase in valuation has pushed Bitcoin’s market capitalization above $1.1 trillion. Investors and analysts are optimistic about the future of Bitcoin, with some predicting that the cryptocurrency could reach new all-time highs in the coming months. Mark Yusko, an American hedge
Crypto
Shiba Inu, the second-largest meme coin by market capitalization, has been experiencing a surge in daily active addresses. This increase, surpassing 3,500, represents a 13% growth and indicates a rising interest in the asset. This uptrend in active addresses may suggest a growing demand for SHIB and a heightened level of investor interest. If the
Investment products tied to Solana have experienced a significant outflow of funds, totaling $3 million in the past week. This surge in outflows is a clear indication that investor confidence has been shaken following a network outage that lasted five hours earlier this month. The outage was caused by a bug that led to transactions
Bitcoin ETFs have been making waves in the investment industry, with Bloomberg analysts predicting that they could soon surpass gold ETFs in terms of size. This prediction comes after Bitcoin ETFs absorbed over $5 billion in inflows within just a few weeks of their launch. According to Eric Balchunas and Andre Yapp of Bloomberg Intelligence,
Ethereum has been on a notable upswing recently, surpassing key resistance levels and breaking through the significant psychological barrier of $3,000. This surge indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3,600 as the next target. Taking a closer look at the daily
The price of Ethereum (ETH) has skyrocketed to over $3,100, marking a significant increase in value. This surge comes at a time when other major cryptocurrencies, including Bitcoin (BTC), Solana (SOL), and Cardano (ADA), have either remained stable or experienced minor losses in the past 24 hours. One of the main reasons behind ETH’s rally
The recent approval of Binance’s guilty plea and the $4.3 billion settlement deal for breaching anti-money laundering (AML) and sanctions laws by a U.S. federal judge has sent shockwaves through the cryptocurrency industry. The U.S. Department of Justice (DOJ) had been investigating Binance over the past few years, alleging violations of the Bank Secrecy Act
Bitcoin’s price surge from under $20,000 to over $50,000 since June 2023 has been attributed to the anticipation and approval of spot Bitcoin ETFs in the United States. While institutional investors have shown great interest in Bitcoin, retail traders have not fully joined the market. The question now arises whether the arrival of retail investors
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a topic of intense discussion within the cryptocurrency industry since December 2020. At that time, the SEC accused Ripple of conducting an unregistered securities offering by raising over $1.3 billion through the sale of XRP tokens. Ripple, on the other hand,
Ethereum saw a brief surge above $3,000 this week, marking a 4% increase in price. However, the cryptocurrency soon entered into a correction phase, potentially re-testing the key support level at $2860. To sustain the bullish momentum, buyers must defend the support and push the price back above $3,000. Failure to do so could invite