Recently, the price of Bitcoin surged to $71,000 following the news of the Ethereum ETF approval. However, the price quickly corrected to $67,000 and has since been consolidating. Despite this, Bitcoin whales have started showing increased activity in the market, accumulating significant amounts of BTC in the past few days. Whales, which are entities that
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The recent arrest of a Taiwanese national, Rui-Siang Lin, has revealed a disturbing truth about the dark web drug bazaar known as Incognito Market. The platform, responsible for transacting over $100 million in cryptocurrency, primarily through the sale of illegal narcotics like fentanyl, has been operating for the past four years under the alias “Pharoah.”
The recent report released by the team behind the Mollars token project has shed light on the growing interest in this new store-of-value asset within the cryptocurrency community. The data reveals that Mollars is gaining traction among crypto traders, with search volumes rivaling well-known tokens like Bonk Inu (BONK) and Pepe (PEPE). A closer look
The recent resurgence in the Bitcoin spot ETF market is evident from the consecutive weeks of positive inflows, marking a significant shift from previous low investment activity. This turnaround reflects a rise in investor confidence over the past two weeks, with the market recording a total net inflow of approximately $252 million on Friday, May
In the aftermath of the Bitcoin halving event in April, the cryptocurrency market has been closely monitoring the price action of Bitcoin, the pioneer digital asset. The recent price movement saw Bitcoin reaching a high of $71,443 before retracing to $66,936. This price volatility has sparked discussions among analysts and investors about the potential for
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has raised eyebrows in the crypto community. The sale, which involved prominent buyers like Figure Markets and Pantera Capital, has sparked controversy and discussion among investors and industry experts. According to undisclosed sources cited by Bloomberg, Figure Markets
The recent fluctuations in the Bitcoin price have left crypto analysts on their toes, trying to predict the next move. One particular analyst, The Signalyst, has pointed out that Bitcoin has entered a crucial zone with important levels to watch. The break below $70,000 has put the Bitcoin price in a precarious situation, with the
Thomas Fahrer, co-founder of Apollo, a firm focused on Bitcoin adoption, has issued a stark warning regarding the potential market dynamics following the approval of spot Ethereum ETFs. As the market anticipates this new development, Fahrer suggests that the transition might not be smooth for Ethereum. He pointed out that the Grayscale Ethereum Trust, launched
Bitcoin, the leading cryptocurrency, has captured the attention of investors and analysts alike. One crypto analyst, known as ‘CrediBullCrypto’, has made a bold prediction regarding the future price of Bitcoin. His analysis points towards an “ultra bull scenario” for Bitcoin, suggesting that the price could surge above $80,000 in this market cycle. CrediBullCrypto’s insights into
Recently, a Bernstein report has shed light on the potential approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the United States. This approval could set a precedent for the classification of Solana (SOL) as a commodity. The classification of cryptocurrencies as either securities or commodities carries significant implications for the industry as a