Over the past 24 hours, Bitcoin has continued its positive price performance by surging above $48,000 and reaching a new monthly peak. This is a significant milestone for the cryptocurrency, and it indicates a potential uptrend in the market. However, it is important to analyze the factors that led to this increase and understand the
Crypto
Bitcoin, the leading cryptocurrency, experienced a significant breakthrough on February 9th as it surpassed the $46,000 mark. This accomplishment came after conquering a major resistance level at $44,000, which had hindered price increases since the introduction of spot Bitcoin ETFs in the United States four weeks earlier. The timing of this surge aligned with the
Cardano (ADA) has experienced a surge in trading activity, with a 7% increase in its value on Thursday. Currently valued at $0.53, ADA has shown promising signs after a tumultuous period in January. The recent surge in price has sparked discussions and speculations among analysts on social media regarding the factors that could potentially influence
Cardano’s price began its journey on Tuesday at $0.50, residing within the convergence zone between two 60-day trend lines. This zone carries significant importance with key support at $0.50. The market signals of ADA tokens in comparison to Ethereum are quite intriguing. Observing the technical factors, Cardano is displaying a falling wedge pattern along with
Chainlink’s LINK token has experienced an astonishing surge of 38% since late January, pushing it to a 24-month peak. This surge has propelled its market cap to an impressive $10 billion. The sudden increase in value has caught the attention of crypto whales, who have been accumulating over $50 million worth of LINK tokens in
Dogecoin, the original meme cryptocurrency, has shown resistance at the $0.08 level despite a temporary breakout. While its price movement may not align with the broader crypto market, the network continues to experience growth across various metrics. This article delves into the network expansion, performance compared to other meme cryptocurrencies, recent developments with SpaceX, and
As the cryptocurrency market continues to evolve, altcoin season is said to be in full swing. According to crypto analyst Michaël van de Poppe, now is the time to make entries at value. With his extensive following of nearly 700K on X, van de Poppe suggests that the period 3-8 months before the Bitcoin halving
Colin Murphy, an associate of the infamous “Crypto King” Aiden Pleterski, received a significant blow to his freedom when he was sentenced to 5 months in prison for contempt of court in Oshawa, Ontario, Canada. The verdict was delivered by Ontario Superior Court Justice Hugh O’Connell, who found Murphy guilty of refusing to surrender his
In today’s digital age, trust in the media is constantly being eroded by the emergence of deepfakes. These manipulated videos, often appearing as legitimate endorsements from well-known figures, deceive unsuspecting viewers and promote fraudulent platforms. Recently, a doctored clip of Australian mining magnate Andrew “Twiggy” Forrest surfaced on Facebook, where he appeared to be promoting
Meta’s metaverse division, Reality Labs, recently achieved a remarkable milestone by recording over $1 billion in revenue for the fourth quarter of 2023. The success can be primarily attributed to the sales of Meta’s Quest headsets and the Ray-Ban Meta smart glasses. This achievement marks an extraordinary feat for Reality Labs; however, it comes at
The approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) was expected to bring a bullish surge to the crypto sphere. However, following the trading debut of eight spot BTC ETFs, Bitcoin prices took a downturn. Hovering below $43,000, Bitcoin has been trapped within a tight trading range for
In a recent spontaneous Ask Me Anything (AMA) session on X, Mark Cuban, the entrepreneur and owner of the Dallas Mavericks, shared his thoughts on various cryptocurrency ventures. With a following of 8.8 million, Cuban’s insights hold significant weight in the crypto community. Let’s delve into his comments and understand his perspectives beyond Bitcoin and
DeFi regulation has become a contentious topic among regulatory bodies worldwide. The emergence of decentralized finance protocols has raised concerns regarding the potential risks and vulnerabilities associated with these systems. However, a recent paper authored by Rebecca Rettig, Katja Gilman, and Michael Mosier proposes a unique strategy to address these concerns by classifying truly decentralized
The increasing popularity of spot Bitcoin exchange-traded funds (ETFs) has hit Hong Kong, as Harvest Fund Management’s Hong Kong branch recently applied for a spot Bitcoin ETF with local regulators. This move aligns with Hong Kong’s efforts to establish its first wave of spot crypto ETFs, which are expected to revolutionize the digital asset investment