Bitcoin recently experienced a price pullback, causing concern among investors and analysts in the crypto market. The digital asset reached the $69,000 threshold before witnessing a correction, leading to various predictions of further decline in Bitcoin’s price. The sentiment around the market has been generally bearish following this pullback, prompting experts to share their insights
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Bitcoin recently reached its all-time high of $69,000 on March 5th, 2022, only to experience a swift and sharp 14% correction shortly after, dropping its price to $59,300. The volatility in Bitcoin’s price led to record-breaking trading volumes on centralized exchanges, indicating heightened market activity and trader engagement. An analysis of Kaiko data by CryptoSlate
The Ethereum Foundation, a non-profit organization, has recently made an unexpected move by initiating a sell-off of 1000 ETH to a single address named “Cumberland Forwarder.” This decision has sparked speculation and raised questions about the potential market peak for Ethereum. The transparency of the transactions was brought to light by the Blockchain analytics platform
The resurgence of meme coins has been undeniable, with Pepecoin leading the charge with an impressive monthly gain of +707%. However, despite hitting a new all-time high and dominating trending coin rankings on major exchanges, there are signs of caution in the current price action. Pepecoin is currently trading at $0.000000750, with a 24-hour change
Cardano has recently made waves in the cryptocurrency market, reaching a 2-year peak of $0.78 on Mar. 5. This surge in price has outperformed other altcoins, including Solana, in terms of weekly gains. As Bitcoin dominance wavers, investors have begun diversifying their portfolios, turning their attention to mega-cap Layer-1 altcoins like ADA. One of the
Crypto exchange Binance recently announced its decision to discontinue all services associated with the Nigerian local fiat currency, Naira (NGN). This move comes as a shock to Nigerian users who will no longer be able to access several NGN-related services on the platform. The exchange stated that NGN deposits have already ceased, and users have
Peter Schiff, founder of Euro Pacific Asset Management, is known for his skepticism towards cryptocurrency, specifically Bitcoin. Recently, amidst Bitcoin’s soaring price, Schiff issued a warning, labeling Bitcoin as the “ultimate asset bubble.” This cautionary statement came as Bitcoin breached the $61,500 mark, and continued to climb, exceeding $65,000 just four days later. Schiff’s main
Despite facing tough competition from Bitcoin and meme coins, XRP has seen a surge of 20% in a week. Analysts like Dark Defender and Alex Cobb have pointed out key technical indicators, such as MACD and Ichimoku, suggesting a possible uptick in XRP’s value. Dark Defender believes that XRP might break the $1 mark by
The recent surge in the value of Bitcoin has brought it closer to breaking its own record values. With a peak price of $68,800, Bitcoin has seen a remarkable increase of 6.6% in the daily timeframe and 20.6% in the weekly timeframe, according to data from Coingecko. The upsurge in investment in Bitcoin funds listed
Friend.tech, a Web3 social platform, has made headlines with its recent decision to grant users full control over their tokens. This move, which saw investors waiving their rights to sell tokens, has sparked discussions within the community and raised hopes for a potential revival amidst declining activity on the platform. The platform’s announcement has been