The cryptocurrency market faced significant volatility this past week, with Bitcoin experiencing a steep drop of ten thousand dollars from Monday to Sunday morning. The dramatic fluctuation in prices can be largely attributed to factors stemming from the United States. At the beginning of the week, Bitcoin’s price surged by three thousand dollars on Monday,
Cons
Cryptocurrency enthusiast, Opeyemi, is a skilled writer who has found his niche in the dynamic world of digital assets. Despite initially not considering the digital asset industry as his primary interest, Opeyemi has been captivated by the realm of cryptocurrency for over two years. His passion for unraveling the complexities of blockchain technology and sharing
Bitcoin (BTC) miners could potentially experience less selling pressure in the coming weeks due to a combination of factors. As reported by CryptoQuant, there has been a significant increase in the profitability of miners following the recent rally of Bitcoin to $69,000. Additionally, the hashrate of the Bitcoin network has also made a strong recovery,
The world of cryptocurrency was shaken when Bitcoin was introduced a decade and a half ago. Since then, the identity of Satoshi Nakamoto, the creator of Bitcoin, has remained a mystery. Various theories and speculations have emerged, with different prominent figures being pointed to as the potential creator. One such theory emerged from software developer
MicroStrategy’s recent announcement regarding their plans to raise up to $2 billion through the sale of its class A shares has generated significant interest in the cryptocurrency community. This move comes as the company aims to bolster its Bitcoin holdings, further solidifying its position as the world’s largest public Bitcoin holder. The decision to raise
Cardano (ADA) is making waves in the cryptocurrency market as it competes with Ethereum in terms of large transaction volume. The recent surge in transaction volume indicates a wave of accumulation among ADA’s large holders. Data from market intelligence platforms like IntoTheBlock and Santiment show that Cardano whales have been actively adding to their positions,
The recent drop in XRP price from $0.66 to around $0.56 has left investors and analysts wondering about the future trajectory of the cryptocurrency. This 7% decrease on a daily scale, and 14% since its local top, has raised concerns about a possible further downtrend. The bearish pattern that has emerged is indicating a potential
Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, has been a key player in the evolution of cryptocurrency regulation. His journey started in 2014 when he collaborated with Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite facing initial skepticism and resistance, Garcia’s persistence led
As the world stock markets experience turmoil, the cryptocurrency market has not been spared from the volatility. Ethereum, one of the leading cryptocurrencies, faced a 3% loss this week. The price of Ethereum plummeted below the $3,300 mark, with buyers struggling to reclaim this significant support level. Currently, the support has shifted to $2,800, and
The recent endorsement of Bitcoin by former US President Donald Trump has once again thrust him into the limelight. Trump, who is reportedly considering a run for the White House in 2024, has taken a bold stance in support of the popular cryptocurrency. This move has not only garnered attention from the crypto community but