The cryptocurrency market has recently been shaken by a significant drop in Bitcoin prices, leading to a sense of panic among investors. After reaching record highs and experiencing significant gains, Bitcoin has suddenly plummeted to a weekly low of $65,000. This drastic decline has raised concerns about the stability of the market and the potential
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The Bitcoin futures market is currently displaying signals that have historically indicated bullish sentiment among traders and investors. One of the key metrics that analysts are closely monitoring is the Bitcoin futures basis, which reflects the difference between the futures price of Bitcoin and its spot price. Recent data has shown that this basis has
Bitcoin has been a topic of much discussion lately, with analysts from private wealth management firm, Bernstein, reiterating their previous prediction that the cryptocurrency could reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra, analysts at Bernstein, expressed their conviction in a note to clients that Bitcoin’s price could experience an exponential surge to new
Bitcoin is currently experiencing a downward trend in its price after suffering a significant crash last week. The crash, which saw the price drop below $66,000, has been attributed to a decrease in net inflows into Spot Bitcoin ETFs. Institutions, which have been driving the bull run in recent months, seem to be scaling back
MakerDAO recently announced the launch of Phase 1 of its highly anticipated ‘Endgame’ project, scheduled for the summer of 2024. This phase will see the release of the project’s major features, aimed at driving growth and establishing a fully functional virtuous cycle. The key components of Phase 1 include the introduction of new tokens, a
Ethereum (ETH) recently completed a significant software upgrade known as Dencun, which aims to enhance the network ecosystem’s cost-effectiveness, particularly focusing on Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base. This upgrade has resulted in a substantial decrease in transaction costs on these networks, making fees drop from dollars to cents or even
The collaboration between PIXELYNX, Animoca Brands, and Banijay Brands has resulted in the creation of a new NFT collection inspired by the “Nosedive” episode from the popular TV series Black Mirror. Named “Black Mirror Experience: Smile Club”, this collection has taken the NFT market by storm, selling out in less than three hours after its
Ethereum (ETH) is on the brink of a significant upgrade with the impending Dencun update aimed at improving the network’s scalability. However, amidst this positive development, QCP Capital, a reputable crypto asset trading firm, has uncovered a concerning trend that could potentially impact Ethereum’s price trajectory. Negative Risk Reversals and Investor Sentiment QCP Capital’s analysis
Arbitrum, a layer-2 blockchain network, has recently introduced the Gaming Catalyst Program (GCP) with the aim of revolutionizing the Web3 gaming landscape. This initiative seeks to not only support but also enhance the development of innovative games on the Arbitrum network. By allocating 200 million ARB tokens, valued at $426 million, over a two-year period,
The recent surge in the price of Bitcoin has attracted the attention of many investors and traders. With the price hitting new all-time highs, it is important to consider the role that large whales play in the market and how their selling can impact price volatility. Crypto analyst Ali Martinez has pointed out that large