Bitcoin, the leading cryptocurrency, experienced a rollercoaster ride in recent days. After hitting a new all-time high of over $73,500, Bitcoin’s price tumbled to $65,000 before rebounding to over $68,600. This volatility highlights the unpredictable nature of the cryptocurrency market. While the recent price surge was impressive, the subsequent drop serves as a reminder of
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Over the weekend, there was a significant shift in the cryptocurrency market, with prices plummeting to levels not seen in the past ten days. The primary cryptocurrency, Bitcoin, took a hit, dropping below $65,000. This downturn was mirrored across alternative coins, causing the total crypto market cap to lose over $100 billion in a single
Bitcoin experienced a whirlwind of volatility at the end of the business week, with a significant drop of $8,000 in its price. However, the cryptocurrency has managed to recover some of the losses since then. This rollercoaster ride was not limited to Bitcoin alone; several altcoins also faced a tumultuous time, with AVAX, BNB, SOL,
In a surprising turn of events, Binance, the world’s leading crypto exchange, recently made the decision to spin off its venture capital and incubation arm, Binance Labs. This move, which took place earlier this year under the leadership of CEO Richard Teng, marks a significant development in the company’s structure. Binance Labs now operates independently,
Paul Grewal, the Chief Legal Officer at Coinbase, recently criticized a letter penned by U.S. senators Jack Reed and Laphonza Butler, urging the Securities and Exchange Commission (SEC) to impose tighter regulations on Bitcoin exchange-traded funds (ETFs) and to halt the approval of additional cryptocurrency ETF applications. Grewal argues against the senators’ assertions and defends
Recent market fluctuations have caused XRP’s price to dip to $0.63, but analysts remain optimistic about its recovery. They predict significant price increases in the near future and emphasize the crucial role of bullish investors. Lawsuit Impact on XRP’s Price The outcome of Ripple’s lawsuit with the SEC is seen as a key factor that
The cryptocurrency market is a volatile landscape, constantly shifting and evolving with the emergence of new tokens that capture the attention of investors. One such token that recently made waves is BOOK OF MEME (BOME), a meme coin built on the Solana blockchain. Its debut was nothing short of extraordinary, with its price soaring by
Bitcoin, the leading cryptocurrency, saw its price reach a new all-time high just below $74,000 in the most recent trading session. This milestone came after a brief dip below $72,000 the day before. The surge in price was fueled by a strong end to the previous week, during which Bitcoin surpassed $70,000 for the first
MakerDAO, a prominent DeFi lending protocol, has recently announced the upcoming launch of its highly anticipated ‘Endgame’. The first phase of this project is slated for a summer 2024 release. Phase 1 will mark the introduction of key features that are expected to drive growth within the ecosystem. One of the primary objectives of this
CryptoQuant founder Ki Young Ju recently raised concerns about the continuous influx of capital into spot Bitcoin ETFs, warning of a potential sell-side liquidity crisis within six months if the trend persists. Ju emphasized the detrimental effect of the ongoing influx of capital on the market dynamics, suggesting that bears cannot win in this scenario.
Thailand’s Securities and Exchange Commission (SEC) has recently made significant regulatory changes that allow for the creation of private funds investing in spot Bitcoin exchange-traded funds (ETFs) traded on U.S. exchanges. However, this opportunity is exclusively available to institutional investors and high-net-worth individuals. The decision to permit asset management firms to oversee private funds dedicated
Bitcoin mining earnings have recently reached an all-time high, with miners making a staggering daily revenue of $78.6 million on March 7. This surpasses the previous record set during the peak of the crypto boom in April 2021. The increase in earnings can be attributed to the ongoing surge in the value of Bitcoin, which
Bitcoin’s recent surge to a new all-time high above $70,000 has caught the attention of many investors and analysts. However, what sets this rally apart is its unconventional nature and the predictions surrounding Bitcoin’s future. Despite the current excitement, experts believe that Bitcoin is still in its early stages and has a long way to
Ethereum (ETH) has been on a significant price growth trajectory, outperforming many other cryptocurrencies in the market. The price of ETH has surged by 60% monthly, breaking the $4,000 barrier for the first time since December 2021. This surge has led to speculations from analysts and key indicators that Ethereum could be on its way