TONcoin (TON), the native token of The Open Network blockchain, has been making waves in the cryptocurrency market. According to recent analysis by CryptoQuant, the price of TON has outperformed Bitcoin by 118%. US traders seem to be bullish on TON, while European traders appear to be more skeptical. The on-chain analytics company identified different
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The history of Bitcoin is a fascinating journey from humble beginnings to unimaginable wealth. The infamous Bitcoin Pizza Day, celebrated on May 22, marks a momentous occasion in the cryptocurrency world when 10,000 BTC was exchanged for two Papa John’s pizzas. At the time, Bitcoin was valued at $0.0041, making the total cost of the
The recent approval of the Ethereum Spot ETF has stirred up a lot of speculations regarding its potential performance once it hits the trading market. Analysts like James Seyffart have weighed in on the subject, offering their thoughts on the possible level of investments that these funds could attract compared to their Bitcoin-based counterparts. Seyffart
The cryptocurrency market has been witnessing a concerning trend in recent times, with tokens being launched with high valuations but limited initial circulating supply. This has raised questions about the sustainability of the potential upside for traders following the token generation event (TGE). The latest findings from Binance Research shed light on this trend, revealing
OKX, a prominent cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing a “careful consideration” of its business strategy as the reason behind the move. While OKX assured
The recent resurgence in the Bitcoin spot ETF market is evident from the consecutive weeks of positive inflows, marking a significant shift from previous low investment activity. This turnaround reflects a rise in investor confidence over the past two weeks, with the market recording a total net inflow of approximately $252 million on Friday, May
The price of Ethereum has been fluctuating within a consolidation zone, ranging from $3,949 to $3,627. This follows a recent rally that resulted in a 10% increase in the price of the cryptocurrency. The current price stands at around $3,752, showing a 0.66% rise above the 100-day Simple Moving Average (SMA). Analyzing Ethereum’s chart on
In the aftermath of the Bitcoin halving event in April, the cryptocurrency market has been closely monitoring the price action of Bitcoin, the pioneer digital asset. The recent price movement saw Bitcoin reaching a high of $71,443 before retracing to $66,936. This price volatility has sparked discussions among analysts and investors about the potential for
The recent fluctuations in the Bitcoin price have left crypto analysts on their toes, trying to predict the next move. One particular analyst, The Signalyst, has pointed out that Bitcoin has entered a crucial zone with important levels to watch. The break below $70,000 has put the Bitcoin price in a precarious situation, with the
Bitcoin, the leading cryptocurrency, has captured the attention of investors and analysts alike. One crypto analyst, known as ‘CrediBullCrypto’, has made a bold prediction regarding the future price of Bitcoin. His analysis points towards an “ultra bull scenario” for Bitcoin, suggesting that the price could surge above $80,000 in this market cycle. CrediBullCrypto’s insights into