The recent drop in the cryptocurrency market saw the total capitalization plummeting to $2.07 trillion, marking an 8.6% decrease in just 24 hours. Among the digital assets affected by this downward trend, the primary cryptocurrency, Bitcoin, took a significant hit as its price fell below $54,000 for the first time since February. This downfall had
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The recent significant drop in Bitcoin’s price has been attributed to the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This has caused market anxiety as this amount represents 0.68% of the total Bitcoin supply and is slated for distribution among the creditors of the exchange. Large transfers have already been
Bitwise, an asset management firm, recently made changes to its S-1 registration with the United States Securities and Exchange Commission (SEC) in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes after SEC Chair Gary Gensler’s announcement that approvals for spot Ether ETFs could potentially be finalized by
The Seychelles-based derivatives exchange, BitMEX, has recently introduced a groundbreaking product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This new offering is set to revolutionize the way traders can gain exposure to meme coins in the crypto market. The MEMEMEXTUSDT Basket Index Perpetual Swap Contract is being hailed as the “S&P500 for crypto meme
Samuel Edyme, famously known by his nickname HIM-buktu, is a multifaceted individual in the world of web3 content creation, journalism, and trading. His writing prowess and ability to identify trends have led him to contribute to various prominent platforms such as AMBCrypto, Blockchain.News, and Blockchain Reporter. However, Edyme’s entrance into the realm of cryptocurrency was
South Korea’s Financial Supervisory Service (FSS) has unveiled plans to increase supervision of cryptocurrency trading platforms within its jurisdiction. The aim is to crack down on fraudulent transactions and ensure the integrity of the crypto market. The regulator’s recent announcement requires local exchanges to implement a continuous monitoring system for detecting unfair transactions and report
Cryptocurrency expert Michael van de Poppe has recently pointed out a key indicator that hints towards a potential bounce for Bitcoin from its current price level. Following Bitcoin’s decline below $60,000, Van de Poppe mentioned in a social media post that Bitcoin’s CME gap has now closed, signaling a possible relief bounce for the crypto
DraftKings, a well-known online sportsbook operator, is currently facing legal challenges, including a class action lawsuit related to its NFTs. The recent ruling by a US District Judge in Massachusetts denied DraftKings’ motion to dismiss the lawsuit. This ruling has significant implications for the classification and regulation of NFTs. Initiated by Justin Dufoe in March
The Bitcoin network is currently experiencing signs of miner capitulation, with miners either ceasing operations or selling off a portion of their Bitcoin reserves. This phenomenon typically indicates a bottoming out of Bitcoin prices and is often followed by a resurgence in the asset’s value. Since the recent halving, the network hash rate has fallen
Recently, Ripple has been making headlines not only for its ongoing legal battle with the SEC but also for its attempt to leverage a recent court ruling on Binance’s BNB token to argue against harsh penalties from the securities regulator for its XRP sales. The company filed a Notice of Supplemental Authority, citing the lack
The recent turmoil in the crypto market has left many traders reeling from significant losses as both Bitcoin and altcoins experience a market-wide crash. The downward spiral of the Bitcoin price has resulted in tens of thousands of traders being liquidated, leading to hundreds of millions of dollars in losses in just the last day.
Ethereum (ETH) is currently facing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline reflects an increase in selling pressure and a growing bearish sentiment in the market. Traders are closely watching Ethereum’s behavior as it nears this critical threshold, looking for signs of either a stabilization
Bitcoin, the leading cryptocurrency, has been facing significant negativity in the market, with prices remaining bearish. However, it has not deterred large investors from accumulating more Bitcoin in their portfolios. These investors, who hold over $600,000 worth of Bitcoin, have been actively increasing their holdings over the past six months. On-chain data from Santiment indicates
The meme coin DADDY recently experienced a significant surge of 35% in its price within a 24-hour period. This surge brought its value to approximately $0.15, with a market capitalization close to $100 million. The catalyst for this price increase was an announcement made by Andrew Tate, a former kickboxer and popular online influencer, urging