The recent insights provided by Benjamin Cowen shed light on the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Cowen, the ETH/BTC pair is currently experiencing a downtrend, with historical data showing a steep decline in ETHUSD of around 70% following previous declines in the pair. This
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The recent price action of Bitcoin has left institutional investors with a bearish sentiment, leading to a wave of massive outflows from Bitcoin investment products. Data revealed by CoinShares in a blog post indicated that Bitcoin investment funds experienced an outflow of $284 million last week. The majority of these outflows were attributed to the
In the latest Base meme coin pump, the new Trump MAGA Base token has surged ahead of the US Presidential Election. TRUMP is currently trading at a market price of $0.00399, showing a 24-hour change of +23,246%. The project saw an impressive +3,394% climb to hit an all-time high at $0.0069 shortly after its launch.
The decision by Japanese exchange Coincheck to join Coinbase as one of the two publicly listed exchanges in the United States has raised eyebrows among investors. The move to go public via a special purpose acquisition company (SPAC) has sparked concerns about the potential risks involved in this strategy. Coincheck is expected to complete its
In a groundbreaking move, APhone has joined forces with NFT marketplace Magic Eden to introduce their highly sought-after Access Pass. This pass not only grants users entry to APhone’s virtual smartphone app but also unlocks a plethora of exclusive benefits. By leveraging Aethir-powered cloud-based infrastructure, APhone revolutionizes the way users interact with demanding apps and
In the ever-evolving world of meme coins, Aqua Cat on SOL has recently emerged as a unique player in the market. Unlike traditional cat-themed coins, Aqua Cat is actually a lovable sea-otter coin disguised as a cat, capturing the attention of traders worldwide. The coin experienced a monumental price surge of 33,895% overnight, showcasing the
Recently, Hong Kong’s Bitcoin ETFs faced a setback after experiencing their first cumulative daily Bitcoin outflows since their launch on April 30. The China Asset Management Bitcoin ETF saw an outflow of $4.9 million, marking a significant change in the investment landscape for these products. Despite this setback, the other Hong Kong-based ETFs did not
Bitcoin (BTC) has been facing a price slowdown recently after recovering above $60,000. One of the main factors believed to be contributing to this tepid price movement is the reduced demand for the Spot Bitcoin ETFs. Despite recording billions of dollars in net inflows in the first three months of launch, the demand for these
Fantasy Top is a groundbreaking crypto-based fantasy football-style game that operates on the Blast network. This innovative game focuses on popular crypto influencers and their real-world social media engagement. Players are tasked with creating lineups of influencer NFT trading cards in order to compete against each other. The game offers cards with multiple rarity levels,
In recent weeks, Ethereum has shown signs of recovery in a bearish crypto market. While the price has slightly increased by 0.2% over the last 24 hours, there has been a notable change in the ETH burn rate. April witnessed Ethereum’s ETH burn rate hitting an annual low due to a decrease in network transaction