As bitcoin’s price surged to $65,000 after a period of stagnation, many are pointing to the US Federal Reserve’s recent economic policies as a major driving force behind the spike. The Federal Reserve’s decision to potentially lower key interest rates in the near future has ignited optimism among investors in the cryptocurrency market. The correlation
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In a recent report by Coinbase, it has been suggested that young, pro-crypto voters could play a crucial role in the outcome of the 2024 US presidential elections. Gen Z and Millennials, who now make up 40% of the electorate, are showing increasing support for candidates who advocate for cryptocurrency and financial innovation. This demographic
The historical data on Bitcoin demand and price recoveries typically show a strong correlation, with high demand often preceding price rallies. However, the current market dynamics paint a different picture. Recent reports from CryptoQuant indicate that Bitcoin demand growth has been sluggish since early April, despite the cryptocurrency hovering around $70,000 at that time. The
Bitcoin’s price has been volatile in recent days, with the bulls currently in control. As the price hovers around $61,000, it’s important to consider how weekends can affect price action. Weekends typically see lower trading volume compared to weekdays, leading to thinner liquidity in the market. This lack of volume can result in more significant
Binance, the world’s leading cryptocurrency exchange, has announced that it will temporarily suspend TON deposits and withdrawals on August 26 for wallet maintenance. However, trading of the altcoin will remain unaffected during this time. The maintenance is scheduled to last for approximately two hours, after which all services will be resumed. Binance has assured users
Ripple, a prominent name in the cryptocurrency industry, has recently announced its plans to introduce a stablecoin known as Ripple USD (RLUSD). The aim is to create a bridge between the world of crypto and traditional finance. Ripple’s CEO, Brad Garlinghouse, believes that this stablecoin could revolutionize the way these two worlds interact with each
In a surprising turn of events, former Binance CEO Changpeng ‘CZ’ Zhao has been moved from FCI Lompoc II to the RRM Long Beach halfway house in California. This move has sparked confusion among users who wrongly assumed that he had been released. However, it is essential to clarify that CZ remains in custody, with
Pi Network, a cryptocurrency project introduced in 2019, has been gaining traction with its unique approach to mining digital assets on mobile devices. Unlike traditional Proof-of-Work (PoW) algorithms, Pi Network utilizes the energy-efficient Stellar Consensus Protocol (SCP) developed by the Stellar Development Foundation. This move aims to address the high electricity consumption associated with PoW
After facing a significant drop in value the day before, bitcoin has fiercely rebounded in the last 12 hours, reaching a weekly high of nearly $62,000. This upward trend has not been exclusive to bitcoin, as other major altcoins like TRX and TON have also experienced impressive gains. Just a week prior, the primary cryptocurrency
In recent times, there has been a noticeable shift in the Layer 2 network landscape, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. According to the latest data from IntoTheBlock, Base now has nearly 40% more daily active addresses compared to the combined total of its rivals, Arbitrum and Optimism.