The recent surge in Bitcoin’s price can be traced back to a notable increase in spot market trading activity. According to a recent report from Bitfinex Alpha, on-chain metrics reveal that Bitcoin is currently benefiting from a bullish atmosphere fueled by direct investments in spot markets. As investors—both retail and institutional—exhibit heightened confidence, inflows into
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The cryptocurrency landscape has always been marred by complexities and controversies, none more so evident than in the recent fallout between Binance and the troubled Indian exchange WazirX. Following a significant hack that led to the loss of $235 million from WazirX in July, accusations began to surface pointing fingers at Binance. In a decisive
Bitcoin, the leading cryptocurrency, recently exhibited remarkable volatility, capturing the attention of investors and analysts alike. After experiencing a significant downturn on Monday, with prices plummeting from approximately $60,000 to $57,600, the market swiftly reversed course. Enthusiastic buyers propelled Bitcoin to an impressive high, exceeding $61,000 for the first time in three weeks. Such sharp
In an impressive turn of events, Ripple’s XRP has climbed 10% over the past week, positioning it as the most successful cryptocurrency among the top 20 in the market. Currently trading around $0.58 according to CoinGecko, XRP’s trading volume has also gained traction, reaching about $1.2 billion—surpassing well-known cryptocurrencies like Binance Coin (BNB). This sudden
Samuel Edyme, also playfully known as HIM-buktu, represents the essence of adaptability in the rapidly evolving world of cryptocurrency and trading. Unlike many who embark on their journey into the crypto realm through successful investments or calculated risks, Edyme’s initiation was marked by unfortunate circumstances—a Ponzi scheme that exploited the allure of digital currencies. This
In the cryptocurrency space, rumors can often spiral into significant controversies, as evidenced by the recent allegations directed towards Coinbase. These claims, which surfaced on social media platforms on September 16, suggested that Coinbase was manipulating Bitcoin’s price by issuing letters of debt instead of using actual Bitcoin to back its new ETF, the IBIT.
In an era where the intersection of technology and political processes is becoming increasingly prominent, Congressman Ritchie Torres has emerged as a decisive voice advocating for appropriate regulation regarding election-related prediction markets. His stance reflects the broader anxieties surrounding how such markets might affect democratic processes and voter behavior, particularly in a time of heightened
The landscape of cryptocurrency investing is littered with uncertainties, but the implications of on-chain data can often provide clarity amidst the chaos. In recent discussions surrounding Ethereum’s performance, one analyst has elucidated the significance of a critical demand zone located between $2,292 and $2,359. The observations presented by analyst Ali Martinez, backed by findings from
The ever-fluctuating landscape of Bitcoin trading generates discussions among experts, especially when significant price predictions surface. The recent insights from the co-founders of Glassnode, Jan Happel and Yann Allemann, have added a layer of intrigue to the ongoing dialogue regarding Bitcoin’s future. Their open candid acknowledgment that a price drop to $37,000 could be beneficial
Last week marked a notable period for XRP, which experienced a remarkable 7.5% increase fueled primarily by the launch of Grayscale’s Ripple Trust. This new investment vehicle, unveiled on September 12, offers investors an innovative way to gain direct exposure to XRP without engaging in the cumbersome process of purchasing, storing, or managing the cryptocurrency