Cardano (ADA) has witnessed a significant 3.4% price increase in the past 24 hours, marking a notable rally in its value. This uptrend comes amidst a broader recovery in the cryptocurrency market, with both Bitcoin and Ethereum also showing slight gains of 2.5% and 2.2%, respectively. Technical analysis on TradingView suggests that Cardano might be
Bitcoin
The recent downturn in the crypto markets, resulting in a 15% decrease with over $350 million exiting the space, has sparked discussions among industry experts. Cryptographer Adam Back highlighted that market corrections, such as the current 28% dip, are common occurrences during market cycles. He emphasized that previous bull runs had experienced similar drawdowns, suggesting
Meme coins have been gaining significant popularity in the cryptocurrency market, especially during the recent bull cycle. With the likes of Shiba Inu, Dogecoin, and Solana-based tokens making substantial gains, investors are now turning their attention to lesser-known meme coins that have the potential to perform well if Bitcoin reaches $100K. According to ChatGPT, two
Taiwan Mobile, the second-largest telecom operator in Taiwan, has taken a significant step by applying for a license to operate as a Virtual Asset Service Provider (VASP). This move reflects the company’s efforts to break into the crypto market and integrate digital assets with mainstream services. The Financial Supervisory Commission’s latest report now lists Taiwan
The impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox has significantly stirred market anxiety. This amount, representing 0.68% of the total Bitcoin supply, is slated for distribution among the creditors of the exchange, which ceased operations in 2014 due to a major hacking event. The distribution process has already seen large
The cryptocurrency market has experienced a significant downturn in the past 24 hours, with the total market capitalization dropping to $2.07 trillion, marking an 8.6% decrease. Bitcoin, the leading digital asset, has been hit hard, with its price falling below $54,000 for the first time since February. This sharp decline has had a negative impact
As Bitcoin continues to face volatility and fluctuation in its price, crypto expert Michael van de Poppe has identified a crucial indicator that suggests a potential bounce for the flagship cryptocurrency. After a recent dip below $60,000, Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, indicating a shift
The Bitcoin network is currently displaying signs of miner capitulation. This phase is characterized by miners either shutting down their operations or selling off a portion of their Bitcoin reserves. Following the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This decline indicates that less efficient miners
Ripple is leveraging a recent court ruling regarding Binance’s BNB token to push back against severe penalties imposed by the SEC for the sale of XRP, citing the lack of regulatory clarity in the crypto space. The company believes that the ruling on Binance’s case supports their stance that the alleged illegal sales of XRP
The recent crash in the crypto market has sent shockwaves throughout the industry, with Bitcoin and altcoins taking a hit. As the Bitcoin price continues to plummet, many traders have found themselves in a precarious position, leading to significant losses in just the last day. The market-wide panic has caused tens of thousands of traders