The current market conditions are causing significant financial stress for new Bitcoin investors, as indicated by various metrics pointing to a bearish environment. Metrics such as the Short-Term Holder MVRV (Market Value to Realized Value) and the standard deviation (SD) of the short-term holder Cost-Basis highlight the losses that newer market participants are facing on
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The recent trading activities in the cryptocurrency market have shown that Ethereum is approaching a crucial point in its trading pattern. The formation of a bearish triangle pattern indicates a potential significant breakout, with the possibility of a sharp decline towards the $2,160 target. In the past 24 hours, Ethereum has seen an increase of
House Representative Ro Khanna, a pro-Bitcoin Democrat and lawyer, has indicated that the Biden administration is likely to release a cryptocurrency regulation roadmap in the near future. Khanna’s optimism stems from recent discussions between the White House and industry leaders, where he hopes that forthcoming regulations will provide clarity for companies, support innovation, and drive
In the volatile world of cryptocurrencies, Ethereum (ETH) recently experienced a significant downturn at the start of the week. However, there is hope on the horizon as the digital asset has shown signs of a modest recovery by reclaiming the crucial $2,600 level and aiming for the $3,000 milestone once again. The crash on August
In a recent move, Gala Games has introduced a new feature that allows users to login to their platforms using their Telegram accounts. This Single Sign On (SSO) option aims to streamline the process of accessing Gala platforms, including Gala Games, Gala Music, and Gala Film, by eliminating the need for usernames and passwords. This
Sui (SUI) has experienced a significant surge in its price recently, with a remarkable 125% weekly increase. This surge was largely attributed to the launch of Grayscale’s Sui Trust, which provided investors with a familiar product focused on investing in the underlying asset. As a result, SUI is currently trading at around $1, marking a
The latest data from CoinShares has revealed a resurgence in the cryptocurrency market, with digital asset investment products attracting $176 million in inflows. This uptick in investor confidence is a clear indication of a strong and unanimous positive sentiment across the market, particularly in Ethereum-based funds. According to CoinShares’ head of research, James Butterfill, Ethereum
The Unlighted Alpha NFT Mint Pass is more than just a collectible; it is a key that unlocks a world of exclusive content and privileges within the Unlighted universe. Holders of this pass are granted benefits such as priority access to upcoming NFT whitelists, exclusive in-game items, and content that will not be available to
A recent prediction by a crypto analyst known as ‘Sensei’ has stirred up excitement in the cryptocurrency market. Sensei has projected that Bitcoin could soar to as high as $72,000 in the near future. This optimism is fueled by the belief that the recent market bear trap is coming to an end, paving the way
The recent submission of a comment letter by Coinbase to the US Securities and Exchange Commission (SEC) regarding the proposal to expand the definition of “exchange” has sparked intense debate within the cryptocurrency industry. Coinbase, along with other industry players, has expressed strong opposition to the SEC’s proposal, citing concerns over stifled innovation and unworkable