Despite the anticipation surrounding Bitcoin’s future trajectory leading up to the Bitcoin Halving, JPMorgan analysts have expressed concerns that things may not unfold as optimistically as many had hoped. They believe that a storm is brewing for the flagship cryptocurrency before any significant upward movement. The strategists at JPMorgan, led by Nikolaos Nikolaos Panigirtzoglou, pointed
investment
Venturing into the world of bleeding-edge Web 3 technologies, the stackers of small cap coins have set their sights on the VR token 5thScape (5SCAPE) in the midst of its presale phase, where a significant $1.9 million has already been raised. 5thScape stands out as the world’s first virtual and augmented reality cryptocurrency gaming ecosystem,
The recent surge in Bitcoin’s value, surpassing the $67,000 mark, has caused a wave of liquidations in the crypto market. Traders who were expecting the market to continue its decline were caught off guard by this sharp reversal. According to data from Coinglass, over 86,000 traders suffered losses exceeding $250 million within a 24-hour period.
After a notable recovery from the $61,000 price mark to $67,000, Bitcoin has sparked hopes within the cryptocurrency community that a bullish movement might be imminent. Despite not returning to the point it was a week ago, especially after reaching a new all-time high of $73,000 last week, Bitcoin enthusiasts are optimistic about the future.
Asset management giant BlackRock has recently announced its selection of Coinbase as the key infrastructure provider for its new tokenized investment fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund, as stated by BlackRock, aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets
The recent launch of $Scotty The AI on the decentralized exchange Uniswap has taken the crypto world by storm. With an initial token price of $0.01, $SCOTTY is now trading at $0.02597, marking an impressive 150% increase within just half an hour of its launch. This rapid growth has caught the attention of many investors
Cardano (ADA), currently positioned as the 9th largest cryptocurrency by market capitalization, has encountered a downward trend following the prevailing bearish sentiment in the crypto market. Bitcoin (BTC), the market leader, has led the way in price corrections for top cryptocurrencies. Despite ADA’s recent retracement of nearly 20% in the past week after reaching a 22-month
The Commodities and Futures Trading Commission (CFTC) has given the green light to Coinbase Derivatives Exchange to list futures contracts linked to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). These new listings are slated to go live on or after April 1, 2024, marking a significant development in the cryptocurrency market. The CFTC’s official
In a groundbreaking moment for the digital art and cryptocurrency communities, CryptoPunk #7804, an Alien Punk, was sold for an astounding $16.4 million. This transaction not only generated immense excitement among enthusiasts and investors but also established a new standard for the value of digital collectibles. The Alien category within the CryptoPunks collection is particularly
Bitcoin, the flagship cryptocurrency, has been experiencing some fluctuations in its price recently, leading to concerns among investors. Despite this, certain fundamentals indicate that Bitcoin is still in a good position for further growth in the current bull market. One key factor to consider is the supply of Bitcoin on exchanges, which has decreased by