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The recent insights provided by Benjamin Cowen shed light on the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Cowen, the ETH/BTC pair is currently experiencing a downtrend, with historical data showing a steep decline in ETHUSD of around 70% following previous declines in the pair. This
The recent price action of Bitcoin has left institutional investors with a bearish sentiment, leading to a wave of massive outflows from Bitcoin investment products. Data revealed by CoinShares in a blog post indicated that Bitcoin investment funds experienced an outflow of $284 million last week. The majority of these outflows were attributed to the
In the latest Base meme coin pump, the new Trump MAGA Base token has surged ahead of the US Presidential Election. TRUMP is currently trading at a market price of $0.00399, showing a 24-hour change of +23,246%. The project saw an impressive +3,394% climb to hit an all-time high at $0.0069 shortly after its launch.
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The decision by Japanese exchange Coincheck to join Coinbase as one of the two publicly listed exchanges in the United States has raised eyebrows among investors. The move to go public via a special purpose acquisition company (SPAC) has sparked concerns about the potential risks involved in this strategy. Coincheck is expected to complete its
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Digital asset investment products recorded outflows for the fourth consecutive week, totaling a significant $251 million. The latest data indicates the first instance of “measurable outflows” from newly issued ETFs in the US, with a total of $156 million in outflows noted last week. This trend is indicative of investor sentiment shifting away from digital
In a groundbreaking move, APhone has joined forces with NFT marketplace Magic Eden to introduce their highly sought-after Access Pass. This pass not only grants users entry to APhone’s virtual smartphone app but also unlocks a plethora of exclusive benefits. By leveraging Aethir-powered cloud-based infrastructure, APhone revolutionizes the way users interact with demanding apps and
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