In a matter of just 24 hours, Bitcoin experienced a dramatic drop, erasing over $10,000 from its value and ultimately declining by more than 10%. The sudden decline triggered an avalanche of liquidations across the entire cryptocurrency space, accumulating astonishing figures exceeding $1.6 billion. Amid this upheaval, the crypto community remained fixated on the staggering
Crypto
In recent days, Bitcoin (BTC) has faced significant turmoil, shedding nearly 13% of its value, which has raised eyebrows among investors and analysts alike. Following a high of approximately $99,400 on February 21, the cryptocurrency has plummeted to around $86,300, marking its lowest point in over three months. Understanding the multitude of factors that have
The cryptocurrency landscape is undergoing significant transformation, particularly in the realm of exchange-traded funds (ETFs). The recent acknowledgment by the U.S. Securities and Exchange Commission (SEC) of Grayscale’s application for a spot Cardano (ADA) ETF marks a pivotal moment in the regulatory journey for cryptocurrencies in America. This move not only signifies increasing acceptance of
In the fluctuating world of cryptocurrency, Bitcoin’s latest decline has sent shockwaves through the market, leading it to its lowest valuation since mid-January, when it broke the $90,000 barrier. As of now, it appears the cryptocurrency has suffered a considerable blow, with a net loss of over $9,000 since its peak last Friday, when it
In a remarkable turn of events, Berachain, an EVM-compatible Layer 1 blockchain, has made headlines just 20 days post its Mainnet launch. Surpassing established platforms like SUI, Avalanche (AVAX), and Arbitrum, Berachain has achieved a significant Total Value Locked (TVL) of $3.27 billion. Although it experienced a slight reduction following its peak, this achievement catapults
The recent security breach at Stablecoin Bank Infini highlights the vulnerabilities within the cryptocurrency sector. Over $49 million in USDC was stolen due to an exploit that involved the misuse of administrative privileges. On-chain analytics uncovered the breach, which first came to light on February 24 when CertiK observed irregular fund movements linked to Infini’s
The cryptocurrency market has recently witnessed a tumultuous week, especially concerning Bitcoin, the leading digital asset. After enjoying a semblance of stability over the weekend, where Bitcoin held firm just below the $96,000 mark, the asset began to falter at the start of the business week. A series of price declines swiftly pushed Bitcoin to
Bitcoin’s recent price movement suggests that it is currently navigating a challenging landscape, having recently fallen below the important 100-day moving average, which is situated at $98,000. This dip indicates a shift in market sentiment, with the prospects of increased selling pressure looming. As Bitcoin approaches the critical support level of $95,000, traders are closely
Recent reports have unveiled troubling signals regarding the strength of the US economy, particularly highlighted by a dismal reading of the service-sector Purchasing Managers’ Index (PMI), which hit its lowest mark in over two years. This downturn raises essential questions about the overall health of economic activity. As we anticipate the release of crucial economic
In a bold move to reshape the stablecoin market, Reeve Collins, a co-founder of Tether, is set to launch a new decentralized stablecoin called USP. The introduction of USP, slated for the second half of 2025, is positioned to make waves in a sector currently dominated by industry titans like Tether (USDT) and Circle’s USDC.