Recent data from market intelligence firm CryptoQuant suggests that Bitcoin may be overheating after its rapid surge to $64,000. Key indicators, such as traders’ unrealized profit margin and the high cost of opening new long positions, point towards a potential pause or correction in BTC’s price. This comes after a significant 25% increase in Bitcoin’s
Golden Inu (GOLDEN) token has been making waves in the cryptocurrency market recently, attracting a mass migration of Shiba Inu (SHIB) loyalists. The project has promised an array of developments including a play-to-earn game, a crypto ecommerce platform, and its own crypto exchange in the coming years. MexC, a top 10 crypto exchange, recently listed
Marathon Digital, a prominent Bitcoin mining company based in the U.S., has recently released its quarterly earnings report for 2023. Surprisingly, the company has exceeded analysts’ expectations by a significant margin. Despite this positive news, Marathon’s stock price experienced a slight dip shortly after the announcement. However, this may just be a temporary setback. In
The recent spike in the price of Cardano (ADA) has fueled optimism among analysts, with many suggesting that ADA is set for a bullish market surge in the near future. Just at the end of February, ADA experienced an impressive 14% gain, pushing its price above $0.7 for the first time since May 2022. Despite
MicroStrategy, a prominent business intelligence software company co-founded by Michael Saylor, has been making headlines due to its soaring stock price in recent weeks and months. The company, which is also the largest corporate holder of Bitcoin, has outperformed major US stock market indexes by a significant margin. Since the beginning of the year, MicroStrategy’s
In the ever-evolving world of cryptocurrency trading, traders are constantly on the lookout for the next big opportunity to make quick profits. With Bitcoin consolidating just below recent highs and other major coins taking a breather from rallying, the focus has shifted towards the volatile and high-risk world of shitcoins. These lesser-known coins, often created
Hungary is making strides in the world of cryptocurrency by proposing a new legislative framework that would allow banks, investment funds, and asset managers to offer services in Bitcoin and other digital currencies. This initiative, set to come into effect on June 30 if approved, signifies a significant advancement in the country’s financial sector. The
The Nigerian government is considering imposing a hefty fine of $10 billion on cryptocurrency exchange Binance. Reports suggest that Bayo Onanuga, the special adviser to the Nigerian president, accused Binance of profiting from facilitating illegal transactions in the African country, causing significant financial losses. Onanuga stated that the proposed fine is a form of retribution
When it comes to the current trends in the cryptocurrency market, one cannot ignore the recent surge in the price of Shiba Inu. With a +20% increase in trading volumes amounting to $2Bn, SHIB has caught the attention of many investors. The developers of SHIB have announced the integration of an additional privacy layer on
The Wall Street Memes community is currently buzzing with excitement following a recent major burn event that resulted in 5% of the $WSM token supply being incinerated. To add to the celebrations, WSM Casino has revealed plans for a massive $1 million $WSM airdrop. This announcement has generated a lot of interest and participation from