Ethereum, one of the leading cryptocurrencies in the market, has recently experienced a notable increase in its price, surpassing the $3,500 mark for the first time since July 2024. This rise reflects a significant shift in market sentiment after a relatively sluggish period in early November of that year. However, as traders embrace this upward
Ethereum
Ethereum is currently navigating a turbulent phase in which it has encountered significant resistance at the $3,659 mark. Following a period of consistent upward momentum, the cryptocurrency appears to have transitioned into a consolidation stage. This shift has sparked debate among traders and analysts about whether Ethereum’s previous rally is losing its momentum or merely
November 2024 revealed a striking trend in the cryptocurrency sector, as hacks represented an astonishing 99.96% of all reported losses in the industry. This statistic, illuminated by a comprehensive report from Immunefi published in collaboration with CryptoPotato, indicates an increasingly alarming trend: the decentralized finance (DeFi) space is facing relentless attacks from hackers. Despite an
The cryptocurrency realm is experiencing a dynamic transformation as altcoins begin to assert themselves, nudging Bitcoin’s long-held supremacy. While Bitcoin currently hovers around the $97,000 mark, its steady decline in market dominance—now approximating 53%—is a signal that investors are exploring opportunities beyond the leading cryptocurrency. The total market capitalization is impressive, estimated at approximately $3.56
In the evolving landscape of cryptocurrency, Ethereum has emerged as a crucial player, currently experiencing a significant price surge that has drawn the attention of investors and analysts alike. Recently, Ethereum achieved a local high of $3,688, marking the highest levels seen since June. This impressive rally has not only stirred excitement within the crypto
Bitcoin, the leading cryptocurrency, continues to grapple with the monumental barrier of the $100,000 threshold. This pivotal marker is not just a figure in a chart; it holds psychological significance for investors, shaping their trading strategies. Recently, Bitcoin experienced a near-miss, falling short of this target by a mere $500 on November 20. Following this
As the cryptocurrency market evolves, Bitcoin (BTC) continues to overshadow its counterparts, recently reaching new heights in its valuation. While Bitcoin celebrates this achievement, Ethereum (ETH), the second-largest digital currency by market cap, has been experiencing relatively muted price movements. This has raised eyebrows within the crypto community; however, some analysts are suggesting that the
Celo, a significant Layer-1 blockchain known for its mobile-first approach to achieving financial inclusion, is at a pivotal point in its development. The excitement surrounding Celo’s impending migration into the Ethereum Layer-2 network, which operates within Optimism’s Superchain framework, has recently shifted to unease. Following Coinbase’s announcement on November 27 that it would not support
In a significant stride towards validating cryptocurrency as a mainstream financial asset, Bitwise Asset Management has recently proposed a new exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This proposal is anchored in Bitwise’s existing 10 Crypto Index Fund, which reflects an increasingly strategic approach to digital assets in the investment arena.
In a rapidly evolving digital asset landscape, the U.S. Securities and Exchange Commission (SEC) has long positioned itself as the primary regulatory body overseeing cryptocurrencies. However, as the cryptocurrency market continues to grow, now reportedly worth $3 trillion and featuring over 50 million investors, calls for a re-examination of regulatory authority are louder than ever.