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Bitcoin, the reigning champion of cryptocurrencies, has once again taken investors on a turbulent journey. Just days after climbing to near record highs exceeding $70,000, the digital asset has experienced a sudden correction, dipping back below the crucial $70,000 mark in the last 24 hours. This unexpected drop has left investors questioning the likelihood of
The boss of Marathon, America’s largest crypto mining firm, recently highlighted the impact of spot Bitcoin ETF approvals on the cryptocurrency market. According to Fred Thiel, the ETF approval has accelerated what would have been the post-halving rally. This approval has attracted capital into the market and brought forward the price appreciation that is typically
The introduction of U.S. Bitcoin spot ETFs has caused quite a stir in the market, with net inflows reaching $12.3 billion in just three months. Analysts are closely monitoring the effect of these ETFs on the broader Bitcoin market, especially when compared to existing futures and spot markets through on-chain data analysis. The Grayscale Bitcoin
Gunzilla Games, a prominent video game developer, has made a significant move by integrating the GUNZ blockchain into the popular NFT marketplace, OpenSea. This integration allows players to trade in-game items for Gunzilla’s upcoming first-person battle royale shooter, Off the Grid. The GUNZ blockchain, built on a custom Avalanche subnet, gives players full ownership of
During a recent Senate hearing, Senator Tim Scott raised concerns about the current US administration’s focus on digital assets as a primary means of combating terrorism financing. He criticized the administration for overlooking more significant sources of funding, particularly those benefiting Iran, such as the $35 billion in oil exports and $16 billion in US
ANSEMWIF, a spin-off coin from influencer Ansem, has recently gained popularity on Crypto Twitter. Despite not being officially endorsed by Ansem, the coin has seen significant price fluctuations. Currently trading at $0.0003 with a 24-hour change of -86.89%, ANSEMWIF experienced a rapid increase in value, reaching an all-time high of $0.002875. However, with early backers
The much-anticipated Bitcoin halving event has investors on edge, eagerly waiting to see how it will impact the market. Renowned cryptocurrency expert, Benjamin Cowen, has raised a flag of caution regarding the potential consequences of this event. Cowen highlights a trend that suggests a possible significant decline in Bitcoin’s price post-halving. Drawing from a historical
Toncoin has taken over the ninth spot in the ranking of the largest cryptocurrencies by market capitalization, surpassing Cardano. With Toncoin’s market capitalization standing at $23.1 billion compared to Cardano’s $21.5 billion, the competition between the two cryptocurrencies has been fierce. The rise of TON in the market capitalization ranking can be attributed to its
Trading Guru Peter Brandt has recently made a significant shift in his stance towards Ethereum, after previously criticizing it as a “junk coin” and its supporters as “Etheridiots.” His recent analysis of the Ethereum vs. Bitcoin chart suggests a potential bear trap, indicating a possible reversal in Ethereum’s value compared to Bitcoin. Brandt’s observation highlights