The chief crypto analyst at Real Vision, Jamie Coutts, has pointed out an indicator that suggests a potentially bullish outlook for Bitcoin (BTC). According to Coutts, Bitcoin’s hash rate decline is slowing, which usually indicates a bottom and a reversal of the bearish trend. However, he also cautioned that a bullish reversal would depend on
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Cardano (ADA) has seen a notable increase of 20.29% in its price over the past week, aligning with the broader positive trend in the cryptocurrency market. The trading volume for ADA has also experienced a significant spike, rebounding from a low of $0.335 on July 8. This surge has allowed ADA to outperform many other
Bitcoin has been experiencing heightened volatility in the past week, with its price fluctuating between $54,000 and almost $60,000. As of now, it is trading at around $58,000, according to Coingecko’s data. Many analysts are speculating that a surge to $90,000-$100,000 could be on the horizon. Crypto Rover, a prominent figure with over 800,000 followers,
The stablecoin market has experienced a significant shift in recent years, with the once-dominant USDT losing market share to competitors like FDUSD and USDC. According to Kaiko’s latest data, USDT’s market share on centralized exchanges dropped from 82% to 74% in 2024. This decline can be attributed to increased competition and a growing demand for
Judge Katherine Polk Failla’s skepticism towards Coinbase’s efforts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange raises concerns about the legitimacy and relevance of the information being sought. She expressed doubt about Coinbase’s justification for requesting Gensler’s communications, especially those predating his Chairmanship in 2021. The judge’s clear
The recent crash in the Bitcoin price back toward the $56,000 level has left many investors wondering what’s next. One crypto analyst, known as ‘Luca VIP,’ predicts that the decline is far from over. According to their analysis, Bitcoin hit resistance at $59,000 and is now in a consolidation phase. The bearish trend is expected
Germany’s on-chain Bitcoin wallet balance has officially reached zero, according to Arkham Intelligence, meaning sell pressure from the European economic powerhouse is likely at or near its end. The wallet’s latest outflows bring an end to a bearish narrative that’s hung over the crypto market for weeks, at a time when on-chain indicators are signaling
In a recent social media outburst, X CTO and chairman Elon Musk accused the European Commission of offering an “illegal secret deal” to the social media platform. Musk claimed that the EC proposed that X should censor speech quietly to avoid fines in the European Union. This accusation came after the EC published preliminary findings
The Securities and Exchange Commission (SEC) recently concluded its investigation into Hiro and the Stacks blockchain without recommending any enforcement action. This investigation, which lasted for over three years, marked a crucial period in the history of the Bitcoin Layer-2 network. It all began following the SEC-qualified offering by Stacks back in 2019, which prompted
The recent price movements of Ethereum have been less than favorable, with the cryptocurrency facing a second rejection at the $4,000 resistance level. The daily chart shows a clear pattern of lower highs and lows since the failed attempt to break above $4,000. Furthermore, the market has broken below the critical 200-day moving average at
In a recent article, Bitcoin’s price hitting an all-time high of over $73,000 in March raised questions about whether the cryptocurrency has reached its peak for this market cycle. However, a crypto analyst named ‘CryptoCon’ provided a detailed analysis of Bitcoin’s recent price movements and future outlook. According to CryptoCon, Bitcoin still has significant upside
The recent announcement that the SEC has closed its investigation into Hiro Systems and the Stacks blockchain without recommending any enforcement action marks a significant milestone in the history of the Bitcoin Layer-2 network. This investigation, which began over three years ago, was initiated following the first-ever SEC-qualified offering by Stacks in 2019. Despite the
The UK Law Commission’s recent release of a scoping paper addressing the legal characterization of Decentralized Autonomous Organizations (DAOs) has sparked a significant discussion in the legal and blockchain communities. DAOs are blockchain-based communities formed for a common purpose, such as investing in startups or acquiring historical documents. With market observers touting DAOs as the
The ever-changing landscape of Web3 can be daunting to navigate, especially when it comes to managing your onchain activities. Fortunately, Coinbase has introduced the Coinbase Wallet Web3 app, a tool designed to streamline and simplify your onchain experience. This innovative platform aims to consolidate all your on-chain activities in one place, making it easier for