Recent developments in the crypto market have shown that Ethereum has entered oversold territory, signaling a potential bullish trend for the second-largest cryptocurrency by market capitalization. Analysts have suggested that Ethereum is prime for a price rally that could send it soaring as high as $6,000. According to various crypto analysts like Titan of Crypto,
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The recent decrease in the percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has raised eyebrows in the crypto market. This drop, which has brought the metric to its lowest level since October 2023, correlates with the ongoing downward trend in the value of bitcoin (BTC) and other cryptocurrencies. Analyst EgyHash from CryptoQuant believes
The latest US jobs report released on Friday fell short of expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000 or more. This news caused a stir in the financial markets, particularly in the cryptocurrency space, with Bitcoin seeing a surge towards $57,000 in response. The jobs report is crucial
Toncoin (TON) witnessed a significant decline from its peak in June, currently trading at a 40% lower value. The once-promising asset saw a sharp drop after reaching an all-time high of nearly $8.20 earlier in the year. Unfortunately, this momentum was short-lived, and the price has since plummeted to around $4.80, leaving many investors at
The co-founder of BitMEX, Arthur Hayes, recently shared a pessimistic prediction for the immediate future of the Bitcoin price. He hinted at a potential drop below $50,000, indicating that he had taken a short position in the market. This forecast has raised concerns among investors and traders, as Hayes is known for his accurate market
The recent developments surrounding the hacker responsible for the $235 million theft from the Indian crypto exchange WazirX have raised concerns within the cryptocurrency community. The hacker’s use of sanctioned Tornado Cash to launder around $10 million in Ethereum in the past 24 hours has shed light on the complexity of their operations. By moving
Samuel Edyme, known by his nickname HIM-buktu, is a web3 content writer, journalist, and aspiring trader. His journey into the world of cryptocurrency was not your typical success story, but rather a tale of resilience and determination. Starting off with a scam that roped him in, Edyme did not let this setback define him. Instead,
The summer of 2024 has not been particularly kind to Bitcoin, with the price of the cryptocurrency experiencing significant weakness since June. Flash crashes have become a common occurrence, causing the price of Bitcoin to plummet from over $70,000 to below $50,000 at one point. Crypto analyst Crypto Jelle has drawn parallels between the summer
The decision by the Future Forward USA PAC to start accepting crypto donations through Coinbase Commerce marks a significant shift in the way political campaigns are funded. This move comes after initial confusion caused by comments made by a Coinbase executive regarding Vice President Kamala Harris directly using the platform for her campaign contributions. However,
Robinhood’s cryptocurrency division recently settled a California investigation by agreeing to pay a $3.9 million fine. The investigation, led by California Attorney General Rob Bonta, revealed that Robinhood Crypto prevented users from withdrawing their digital assets between 2018 and 2022. Additionally, the company failed to fully disclose details about its trading and order-handling processes, misleading