Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. This decrease indicates that the two largest crypto tokens by market cap are potentially gearing up for substantial upward movements, as a supply squeeze looms. According to BTC ECHO analyst Leon Waidmann, Glassnode data shows that the
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In the world of cryptocurrency, crypto analyst Tara has recently pointed out a bullish pattern that has emerged on the Bitcoin chart. According to her analysis, Bitcoin could be gearing up for a major price surge in the near future. Tara predicts that Bitcoin’s price could skyrocket to $75,800, representing a new all-time high for
Binance recently made an announcement that it will be halting trading services for certain cryptocurrencies, which has caused a significant drop in the prices of those assets. Some of the tokens that will be affected include OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). Withdrawals for these assets will not be supported after
The recently announced collaboration between Google and Magic Leap has sparked excitement in the extended reality (XR) space. Despite both companies facing challenges in the augmented reality (AR) market in the past, this partnership aims to combine their strengths in optics and technology infrastructure. Google’s initial venture with Google Glass received mixed reviews from consumers
Ripple, a prominent player in the cryptocurrency industry, has recently made headlines by contributing $25 million to the Fairshake super PAC. This move is part of a broader industry-wide effort to advocate for pro-crypto policies and politicians. The decision to boost Fairshake’s efforts comes at a critical time for Ripple, as the company is currently
In a recent Harris Poll survey funded by Grayscale, it was found that a significant number of American voters are turning to Bitcoin as a result of geopolitical tensions and inflation. One key finding from the survey is that one in three U.S. voters will consider a political candidate’s stance on cryptocurrencies before casting their
The price of Bitcoin has once again found itself in a choppy market, dashing any hopes of a swift breakthrough to new all-time highs. Despite this setback, recent on-chain data suggests that the current bull cycle may still have room to run, albeit at a slower pace. Let’s delve into the implications of Bitcoin’s recent
The cryptocurrency sector faced significant challenges in May, with losses totaling $42.6 million due to various security breaches. The largest chunk of these losses, approximately $20.7 million, was attributed to flash loan attacks. Sonne Finance bore the brunt of these attacks, losing a staggering $20 million, while TLN Protocol suffered losses amounting to $746,000. Additionally,
The recent failure to break above the $72,983 resistance level has caused the price of Bitcoin to drop significantly. Despite still trading above the 1-day Simple Moving Average (SMA), the rejection has led to a decline from $71,942 to $66,785 and a move below the SMA in both the 1-hour and 4-hour charts. This drop
Mastercard recently introduced its Mastercard Crypto Credential, a groundbreaking development that has paved the way for the first-ever peer-to-peer (p2p) pilot transactions aimed at streamlining and securing blockchain transfers. This new feature allows users on popular exchanges like Bit2Me, Lirium, and Mercado Bitcoin to send and receive cryptocurrency using user-friendly aliases instead of complex blockchain