The Bitcoin price remains stagnant, with investors hesitant to make a move due to macro uncertainties. Analysts like Michael van de Poppe have suggested that Bitcoin could potentially drop to as low as $48,000 if certain conditions are met. Van de Poppe highlighted in a recent post that if the Consumer Price Index (CPI) inflation
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Ethereum has been facing significant challenges in the midst of the ongoing bearish pressure in the crypto market. The price of ETH has experienced several crashes, causing it to drop back to the $2,000 level and dashing hopes of reaching a new all-time high in the third quarter. Despite the recent downturn, there are signs
Bitcoin took a hit on Wednesday, dropping 2.5% to $59,100 following the news that the U.S. government had shifted more of its Silk Road-related Bitcoin holdings to Coinbase Prime. The on-chain analysis platform, Arkham Intelligence, highlighted the transfer by revealing that 10,000 BTC valued at $593 million had been moved. This move raises questions about
Metaplanet recently made a bold move by investing approximately $3.3 million in bitcoin, acquiring 57.103 bitcoins at an average price of 8,756,107 yen per bitcoin. This investment is part of the Japanese investment firm’s larger strategy to expand its bitcoin holdings. With this latest purchase, Metaplanet now holds a total of 303.095 BTC, which has
In a historic move, Crypto.com, the Singapore-based cryptocurrency exchange, has solidified a groundbreaking partnership with the prestigious Union of European Football Associations (UEFA) Champions League. This partnership marks a significant milestone as Crypto.com becomes the official global sponsor of the UEFA Champions League, setting a new standard in the world of sports sponsorships. This exclusive
The recent settlement between Binance and the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, sheds light on the consequences of unlicensed derivatives trading in the country. This agreement comes after a year-long investigation into Binance’s activities, culminating in a hefty fine of $1.76 million. The CVM had previously ordered Binance to cease its unauthorized
Core Scientific, a prominent Bitcoin mining company based in Texas, recently announced an upsized offering of $400 million in convertible senior notes due in 2029. Originally set at $350 million, the increase in offering size was attributed to favorable market conditions. The notes, scheduled to settle on August 19, 2024, will be issued privately to
Bitcoin, the pioneer cryptocurrency, has been trading below the $20,000 range for nearly two years now. While some may believe that Bitcoin will never reach this level again, a prominent analyst suggests otherwise. In a recent analysis on the TradingView platform, the analyst known as “Without Worries” discussed the possibility of Bitcoin crashing back to
Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd., alleging that the ASX made misleading statements regarding its blockchain trade settlement project. According to ASIC, the ASX falsely claimed in February 2022 that the project was “on track” for an April 2023 launch and that it was
In the midst of the largest downturn of the market cycle, investor sentiment in the digital asset market remains uncertain. Glassnode’s analysis points towards clear signs of a resurgence in HODLing and accumulation among investors. Despite the volatility in the market, there seems to be a growing inclination towards holding onto assets rather than selling.