The recent surge in the price of Bitcoin has attracted the attention of many investors and traders. With the price hitting new all-time highs, it is important to consider the role that large whales play in the market and how their selling can impact price volatility. Crypto analyst Ali Martinez has pointed out that large
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Bitcoin (BTC) has seen a remarkable surge in value this week, surpassing the $73,000 mark and entering uncharted territory. This impressive jump in price can be attributed to the actions of two major players in the financial world – BlackRock and MicroStrategy. BlackRock, a leader in asset management, filed with the SEC to potentially include
Recently, CryptoQuant founder Ki Young Ju voiced his concerns regarding the continuous influx of capital into spot Bitcoin ETFs. He warned of a potential sell-side liquidity crisis within six months if this trend continues. Ju highlighted that in the past week alone, spot Bitcoin ETFs saw netflows exceeding 30,000 BTC, with major players such as
Tether, a leading stablecoin issuer, recently partnered with the US Department of Justice and the FBI to seize $1.4 million USDT linked to a tech support scam network. This fraudulent scheme specifically targeted vulnerable elderly individuals through deceptive pop-up advertisements. Victims were led to believe that their devices had been compromised and sought help from
The recent weekend has brought about a wave of excitement in the cryptocurrency community, particularly for Ethereum (ETH). The world’s second-largest cryptocurrency has experienced a price surge of 4.31% in the last day, bringing it closer to a critical resistance point of $4,000. This increase in price can be attributed to a significant rise in
Traders in the cryptocurrency market are closely watching the price movements of the Solana-based meme token, SMOG. With a recent 70% price increase, there is growing speculation that SMOG could potentially follow in the footsteps of other successful meme tokens like DogWifHat. The analysis of SMOG’s price trends indicates that there are still buying opportunities
Elon Musk’s companies, Tesla and SpaceX, have been making waves in the cryptocurrency world with their substantial Bitcoin holdings. According to a recent report by Arkham Intelligence, Tesla purchased $1.5 billion worth of BTC in January 2021. Since then, the automotive company has made multiple transactions, selling off portions of its Bitcoin holdings. Arkham Intelligence’s
The recent surge in Bitcoin price, breaking its previous all-time high, was quickly followed by a significant dip. This fluctuation has been attributed to the reactivation of a dormant Bitcoin whale address holding $67.1 million worth of Bitcoin. The sudden sell-off of such a large quantity of Bitcoin has raised questions about its impact on
The SEC filed a joint motion on March 5 to request further action against Binance.US due to alleged failures to comply with regulatory requests for information regarding customer assets. The SEC claims that Binance.US’s inspections were inadequate, their counsel refused to answer crucial questions, and the firm made changes to its operations without providing updates.
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