Bitcoin’s price has been experiencing significant fluctuations recently, with a drop from $59,076 to as low as $57,127 in the early Asian trading session. This decline comes after closing the week at $57,565, showcasing the struggle to gain momentum for a bullish reversal. The trajectory of Bitcoin’s price is influenced by various factors, including economic
Bitcoin’s price has recently fallen below $56,000, signaling a continued downtrend in the cryptocurrency market. Arthur Hayes, co-founder of BitMEX, warns of a potential further decline to $50,000. His bearish outlook is influenced by various macroeconomic factors, particularly the Federal Reserve’s actions and the dynamics of the US Treasury market. Hayes predicts that altcoins may
Samuel Edyme, known by his alias HIM-buktu, is a multifaceted individual with a repertoire that includes web3 content writing, journalism, and a keen interest in trading. Unlike the traditional success stories in the crypto space, Edyme’s foray began with a less-than-glamorous encounter with a Ponzi scheme that lured him in using cryptocurrency as payment. However,
The recent volatility in Bitcoin’s price, including a drop below $50,000 last month, has caused some concern among investors. However, one crypto analyst, CryptoCon, remains optimistic about Bitcoin’s future. Despite the current price corrections, CryptoCon predicts a sharp rise to over $100,000 once the market stabilizes. CryptoCon based his bullish forecast on Bitcoin’s current price
The mobile gaming industry is abuzz with excitement over the impending launch of Rebel Skies, a groundbreaking game developed by Faraway Games. Scheduled for release in October 2024, this innovative game is poised to shake up the mobile gaming landscape by integrating action, real-time strategy (RTS), and deck building genres into a single, immersive experience.
Bitcoin (BTC) has been facing severe declines recently, defying initial expectations of a steady price increase and a bullish trend for this year. The price of Bitcoin has dropped below the $60,000 threshold, causing concern among investors and analysts alike. The cryptocurrency’s prolonged bearish performance has led to warnings of a potential crash below $40,000.
The Ethereum market is currently experiencing a shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric tracks the amount of ETH held in exchange wallets, and when this metric rises, it suggests that traders are preparing to sell their ETH, increasing supply pressure and contributing to a downtrend.
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently spoke at the Korea Blockchain Week 2024 event, urging the agency to create specialized S-1 registration forms tailored specifically for digital asset securities. Uyeda emphasized the need for the SEC to update its regulatory tools to better address the unique characteristics of digital assets.
The crypto market has been experiencing a lackluster period accompanied by a significant decline in whale activity across major crypto assets. According to recent analysis, both Bitcoin and Ethereum are witnessing drops in transactions valued at over $100k. For instance, during the period from March 13th to 19th, Bitcoin recorded 115.1k transactions exceeding $100k each.
The Open Network (TON) and its native token have faced yet another challenge as the price of TON plummeted by over 90% in a matter of minutes on CoinMarketCap. The sudden crash saw TON’s value drop from $5.2 to around $0.3, marking a significant 94% decrease. This drastic plunge caught many investors off guard and