Bitcoin ETFs have been gaining significant traction in the market, with more than $500 million being allocated to the largest US-based products in the last trading week. Despite a rough start to the month, where these ETFs lost over $550 million in just three days, they have managed to bounce back and attract substantial investments.
Crypto
Following the controversial arrest of Pavel Durov in France over the weekend, a wave of support has emerged from various celebrities and public figures. Notable names such as Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have voiced their support for Durov amidst the legal turmoil he currently faces. The arrest of Durov
The US Securities and Exchange Commission has taken a firm stance against Hex founder Richard Heart’s efforts to dismiss the $1 billion securities fraud lawsuit filed against him. In a recent opposition brief filed in a New York federal court, the SEC argued that Heart’s motion to dismiss fails to address the well-supported allegations in
The recent announcement by the Federal Reserve regarding potential interest rate cuts has sparked discussions about the impact this decision could have on various markets, including cryptocurrencies. The U.S. benchmark rate for massive overnight money market loans currently stands between 5.25% and 5.5%. Federal Reserve Chairman Jerome Powell’s endorsement of future rate cuts has sparked
Shibarium, a layer-2 blockchain solution established on the Ethereum network, has been making waves in the cryptocurrency world. This platform was specifically crafted to nurture the growth of the Shiba Inu ecosystem by focusing on reducing transaction costs, enhancing speed, and improving scalability. Since its inception a year ago, Shibarium has achieved significant milestones and
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
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