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Bitcoin’s price has been on a rollercoaster ride recently, with a significant increase of almost $2,000 in just one day due to better-than-expected core PPI numbers in the United States. This spike in price prompted a positive end to the previous business week, with Bitcoin reaching almost $63,000 on Friday. This impressive recovery of over
Ethereum’s Layer 2 ecosystem has been experiencing a surge in activity, with a new record set for daily transaction volume. According to recent data, the daily transactions across Layer 2 networks reached an impressive 12.42 million on August 12, showcasing significant growth and adoption in the ecosystem. This milestone not only reflects the scalability improvements
Crypto analyst Javon Marks has made a bold prediction regarding Ethereum (ETH), suggesting that the cryptocurrency could experience a 75% breakout and surge to $4,723. Marks highlighted the presence of bull divergences that have been consistently holding within Ethereum’s significant climb since its breakout. He emphasized that the potential 75% increase to the target price
Coinbase recently submitted a critical comment letter to the US Securities and Exchange Commission (SEC) regarding the proposed rule on digital assets. The letter pointed out significant flaws in the SEC’s cost-benefit analysis, particularly in the assessment of economic impact on efficiency, competition, and capital formation. Coinbase argued that the agency has overlooked key information
One of the most prominent figures in the world of cryptocurrency analysis, Peter Brandt, recently brought attention to an interesting pattern in Bitcoin’s price movements. Brandt utilized classical charting principles to identify what he referred to as an inverted or expanding triangle pattern in Bitcoin’s price chart. This pattern, depicted by two descending trend lines
The liquidators of Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, claiming that the bankrupt digital assets company manipulated the market for Luna and TerraUSD. According to the liquidators, this manipulation resulted in artificially inflated prices for these tokens, ultimately leading to heavy losses for 3AC. In January 2022, 3AC invested $190
Unioverse, the popular sci-fi franchise and gaming platform, has once again captivated the attention of gamers with the release of its newest game, Hoverdrome. This action-packed adventure promises an exhilarating gaming experience that combines the best elements of Mario Kart and Rocket League, making it a must-try for fans of both genres. Hoverdrome’s gameplay is
Ethereum, one of the leading cryptocurrencies in the market, is currently facing a critical juncture in its trading trajectory. Recent trading activities have unveiled the formation of a bearish triangle pattern, indicating a potential significant breakout in the near future. On the 4-hour chart, Ethereum’s price action is signaling a bearish sentiment as it hovers