The recent issuance of a Wells notice by the US SEC to Uniswap Labs, the entity responsible for the popular Ethereum-based decentralized exchange, Uniswap, has stirred up a storm in the crypto community. Hayden Adams, the founder of Uniswap, took to social media to express his reaction to the SEC’s warning. Despite his stoic stance,
Cons
Recent reports from analysts at CryptoQuant suggest that the impact of the upcoming Bitcoin halving event in 2024 on the price of BTC has significantly decreased. Previously considered a key driver of bullish momentum in the cryptocurrency, the halving event may not have the same shock value as anticipated by most experts in the field.
Ethereum’s price has been experiencing a period of sideways consolidation after dropping to the critical support level of $3K. Despite attempts to push the price towards $3.7K, the cryptocurrency remains stuck within this range. Volatility is unlikely to increase until a breakout occurs in either direction. Analyzing the daily chart, it is evident that Ethereum
Bitcoin’s price has recently taken a hit, dropping from above $72,000 to around $69,300 within a short period. One of the major contributing factors to this decline is the upcoming release of the March Consumer Price Index (CPI) data on April 10. Market experts predict a potential rise in overall inflation, which could prompt the
The CEO of Marathon, the largest crypto mining firm in America, emphasized the significant impact of spot Bitcoin ETF approvals on the market. Fred Thiel mentioned in an interview with Bloomberg that the approval of ETFs has attracted capital into the market and expedited the price appreciation that would typically occur after a halving event.
Gunzilla Games, a prominent video game developer, recently made a groundbreaking announcement regarding the integration of the GUNZ blockchain into the popular NFT marketplace OpenSea. This strategic move will allow players to trade in-game items for Gunzilla’s highly anticipated first-person battle royale shooter, Off the Grid, along with any future games released on the Avalanche-based
The introduction of U.S. Bitcoin spot ETFs has seen a significant influx of $12.3 billion in net inflows within just three months. This surge has left many wondering about the impact these ETFs have had on the broader Bitcoin market. Glassnode analyst James Check delved into this question by analyzing the effect of Bitcoin ETFs
The viral trend surrounding ANSEMWIF, a spin-off coin inspired by influencer Ansem, has taken the crypto market by storm. Despite its explosive growth, with a price increase of +2,950% in the first 5 hours, it is crucial to acknowledge the inherent risks associated with meme coins such as ANSEMWIF. The current market price of $0.0003
With the highly anticipated Bitcoin halving event approaching, investors in the cryptocurrency space are eagerly awaiting the potential market growth that may follow. However, seasoned cryptocurrency expert Benjamin Cowen has issued a cautionary note, suggesting that Bitcoin’s price may experience a correction following the halving. Cowen has identified a trend that indicates a possible decline
Renowned trading guru Peter Brandt has recently shifted his stance on Ethereum, offering intriguing insights into the market dynamics between Ethereum and Bitcoin. Despite his prior criticism of Ethereum as a “junk coin” and its supporters as “Etheridiots,” Brandt’s latest observation of a potential bear trap on the Ethereum-to-Bitcoin chart suggests a more cautious optimism.