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
Bitcoin
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
In the world of cryptocurrency, predictions and speculations about the price of Bitcoin are common occurrences. One such prediction comes from the crypto financial services platform Matrixport, which has set a bullish target of $63,000 for Bitcoin. This prediction is based on various factors that are expected to drive the price of BTC to new
In a recent turn of events, the Energy Information Administration (EIA) has decided to halt its controversial survey of crypto mining firms due to a lawsuit filed by Riot Platforms and the Texas Blockchain Council. This decision came after the lawsuit was launched on Feb. 22, naming the EIA, the Department of Energy, the Office
The launch of spot Bitcoin Exchange-Traded Funds (ETFs) by industry giants BlackRock and Fidelity has been a significant event in the cryptocurrency market. These ETFs have seen massive net inflows of $5.278 billion within a short six-week period, hinting at growing investor interest in Bitcoin. Despite this, the price response of Bitcoin has been relatively
The price of Bitcoin (BTC) has recently surged past the $52,000 mark, sparking optimism among investors. The well-known cryptocurrency analyst, Titan of Crypto, has predicted a potential “Bull Flag formation” for Bitcoin in the near future. According to Titan of Crypto, Bitcoin is currently retesting the Tenkan indicator, with a near-term price target set at
House Majority Whip Tom Emmer recently raised concerns about government agencies under the Biden administration starting to collect data on Bitcoin mining firms. Emmer criticized the Office of Management and Budget (OMB) for approving a request from the Energy Information Administration (EIA) to implement an information collection regime on the Bitcoin mining industry without a
In the fast-paced world of cryptocurrency trading, AI-themed coins have been taking the spotlight. With notable coins such as Worldcoin (WLD), SingularityNET (AGIX), and Render (RNDR) experiencing significant price increases of 25-40% in just 24 hours, investors are flocking to these projects in search of quick gains. DEXTools, a popular platform used by crypto degens
Bitcoin’s price has been a topic of much speculation and analysis, especially as it hovers around the $52,000 mark. While many traders focus on price movements, a deeper dive into Bitcoin’s liquidity reveals a complex ecosystem that underpins the market. CryptoSlate, in collaboration with Kaiko, has delved into the intricate dance of buy and sell
Michael Saylor, the co-founder and executive chairman of MicroStrategy, has made it clear that he and his company are committed to buying Bitcoin (BTC) indefinitely. Despite having an unrealized profit of approximately $4 billion from their BTC holdings, Saylor stated in a recent interview with Bloomberg that he has no intention of selling. He believes