The recent decline in the Bitcoin price has investors worried as it dropped back toward the $56,000 level after a brief pump triggered by CPI data release on Thursday. Despite the desperate attempts from bulls to keep the price up, the bearish trend has continued. One crypto analyst, who goes by the pseudonym ‘Luca VIP’
Cryptocurrency
The Securities and Exchange Commission (SEC) has recently announced the closure of its investigation into Hiro and the Stacks blockchain without recommending any enforcement action. This marks the end of a significant chapter in the history of the Bitcoin Layer-2 network. The investigation, which began more than three years ago, was initiated following the first-ever
During a hearing on July 11, Judge Katherine Polk Failla expressed doubts about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing case against the cryptocurrency exchange. The hearing highlighted Coinbase’s persistent efforts to obtain Gensler’s communications, including statements made before he assumed the role of SEC Chair in 2021. Judge Failla seemed
Ethereum’s price has recently experienced a decline after facing rejection at the $4,000 resistance level for the second time. The daily chart reflects a pattern of lower highs and lows since failing to break through the $4,000 level. Additionally, the market has broken below the 200-day moving average, hovering around the $3,100 mark. Currently, the
In March, Bitcoin reached a record high of over $73,000, igniting discussions among industry observers and experts about whether the digital currency has reached its peak in this market cycle. However, a detailed examination by a crypto analyst suggests that Bitcoin still holds significant potential for further growth. The analyst, known as ‘CryptoCon,’ recently shared
Growing up in Edo State, Nigeria, my family has played a significant role in shaping my values and aspirations. With three siblings who have always been my idols and mentors, I have been fortunate to have a support system that encourages me to grow and understand the way of life. My parents, in particular, have
Justin Sun, the founder of Tron, recently made headlines by investing $5 million in Ethereum (ETH), the world’s second-largest cryptocurrency. This investment was revealed through a transaction discovered by Spot On Chain, an AI-driven on-chain analytics platform. Sun reportedly purchased 1,614 ETH tokens at an approximate price of $3,097 per ETH, bringing his total ETH
The recent actions taken by the German state of Saxony have raised eyebrows in the crypto community, as they have been swiftly depleting their Bitcoin reserves. After seizing Bitcoin from Movie2K earlier this year, the German government began auctioning off around $3 billion worth of BTC. On Thursday, a significant amount of 10,567 BTC (about
The world of cryptocurrency is full of speculation and price predictions, and Ethereum (ETH) is no exception. A crypto analyst going by the name of ‘Bluntz’ has recently made a bold prediction that ETH will surge to new all-time highs, hitting the $8,000 price mark. While this forecast may excite Ethereum investors, it is essential
Bitcoin’s price has been on a roller coaster ride recently, with significant fluctuations within a short period. The sudden pump to nearly $60,000 after the release of CPI numbers was followed by a sharp decline of over two thousand dollars. This extreme volatility has left investors and traders on edge, unsure of what to expect