In the volatile world of cryptocurrencies, Bitcoin has been subject to numerous bull and bear cycles over the years. These cycles often follow a particular pattern, and crypto analysts like PlanB use historical data to predict the next moves in the market. PlanB recently shared his insights on the current Bitcoin bull run, pointing to
potential
The recent analysis provided by technical analyst Willy Woo sheds light on the dynamics of the Bitcoin market. According to Woo, the bearish trend in the market until early August was influenced by factors such as the sale of 100,000 BTC by the German and US governments, as well as distributions from Mt. Gox. Additionally,
Despite Cardano’s struggles to keep up with the broader cryptocurrency market, recent bullish sentiments have sparked optimism among investors. As Bitcoin surpasses the $61,000 price mark and the market shows signs of recovery, Cardano has seen a resurgence in positive sentiment. This is evident in Cardano’s impressive weighted sentiment score of 1.69, outperforming major assets
The United States spot Bitcoin exchange-traded fund (ETF) market recorded a daily trading volume of $779.87 million on Monday. This marked a decrease in trading volume compared to previous records, with the lowest being $649.17 million and $692.11 million on February 5th and 6th, respectively. The recent data from SoSoValue revealed that there was an
Recently, Tokyo’s Metaplanet investment firm made headlines by acquiring an additional 57.273 BTC, worth approximately 500 million yen or $3.4 million. This move was strategically made amidst the current market lull to position the company for long-term growth. It is part of a larger strategy that was announced on August 8, where the firm disclosed
In a surprising turn of events, Cardano (ADA) has been dethroned from the coveted top 10 cryptocurrencies by market capitalization. Tron (TRX) has taken its place, signaling a notable shift in the crypto market landscape. The decision was based on data from CoinMarketCap, revealing that Cardano’s market capitalization had dwindled to around $12.3 billion, pushing
The recent choppy consolidation in bitcoin’s price action has left many market players on edge. However, amidst this uncertainty, a certain group of holders is seemingly increasing their holdings. Bitcoin whales, specifically those holding between 100 and 1,000 BTC, have significantly boosted their holdings in the past six weeks. According to Santiment, this group of
Bright Star Studios, the creators of the highly anticipated MMORPG Ember Sword, recently made waves in the gaming community by announcing their transition from Immutable X to the Mantle Network. This bold move aims to revolutionize the gaming experience by leveraging Mantle’s cutting-edge technology. But what does this switch mean for the game, its players,
German authorities recently carried out a coordinated nationwide operation aimed at curbing unlicensed activities within the country’s rapidly expanding crypto market. The operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), resulted in the confiscation of $28 million in cash and 13 crypto ATMs. This action underscores Germany’s commitment to mitigating the risks associated with
In a recent announcement, Binance, the leading cryptocurrency exchange in terms of trading volume, revealed that it successfully prevented over $2.4 billion in potential user losses from scams and frauds in the first seven months of 2024. The exchange reported that a significant portion of these averted losses, approximately $1.1 billion, were related to withdrawals