Crypto analyst DonAlt has raised concerns about the potential for Bitcoin to drop to as low as the mid-$40,000 range. He argues that this price breakdown might be necessary for the continuation of BTC’s bull run. According to DonAlt’s analysis, Bitcoin has retraced back to around $60,000 and could potentially break below that support level
The recent surge in the price of Ethereum (ETH) to $3,300 over the weekend has sparked speculation of a trend reversal for the second-largest crypto token by market cap. Analyst Derek pointed out signals on Ethereum’s Moving Average Convergence/Divergence (MACD) indicator that suggest the end of a decline and a shift in the upward direction.
Ethereum, the world’s second-largest cryptocurrency, has recently experienced a dramatic decrease in transaction fees, with the average cost per transaction dropping to just $1.12. This significant drop, as reported by Santiment, has sparked discussions among crypto enthusiasts and analysts regarding its implications for the broader market sentiment. Santiment’s analysis suggests a correlation between transaction fees
The cryptocurrency market experienced a slight dip recently, with Solana’s meme coin, Bonk (BONK), taking a hit of 8% overnight. This decline was part of a broader pullback that also affected major players like Bitcoin (BTC) and Ethereum (ETH). At the moment, Bonk is trading at $0.00002427, which marks a significant drop from its all-time
Bitcoin has experienced a significant drop of more than 15% from its mid-March peak, reaching a ten-day low of under $62,000 on Monday morning. Analysts have noted that the halving is over, but bitcoin continues to display red candles, indicating a period of correction. The current sentiment is a mix of uncertainty and pessimism, with
Following the recent halving event, Bitcoin saw a dip in price to $62,500, causing concerns among traders. However, experts believe that financial institutions’ increasing involvement in the cryptocurrency market and historical trends indicate a potential rally in the near future. Despite the current downtrend, there is optimism surrounding Bitcoin’s future price movement. Shiba Inu, a
Google Cloud, the cloud computing service of tech giant Google, is making waves in the blockchain space with the recent launch of its Web3 portal. This new platform is designed to cater to blockchain developers interested in creating non-fungible tokens (NFTs) and decentralized applications (DApps). The Web3 portal offers a wide array of resources, products,
Yuga Labs, a prominent player in the crypto space known for its Bored Ape Yacht Club NFT project, recently made headlines with a significant restructuring initiative. Despite reaching a peak valuation of $4 billion and gaining widespread recognition, the company’s CEO, Greg Solano, acknowledged the need for change. The restructuring includes layoffs and a strategic
The recent SEC action against Uniswap has raised concerns about the regulatory future of the DeFi space. The SEC alleges that certain tokens traded on Uniswap, such as those issued through ICOs, constitute investment contracts and, therefore, securities. Uniswap is accused of enabling the trading of these tokens without appropriate registration and regulatory oversight, thus
The recent CryptoQuant report exposed a significant drop in the percentage of Bitcoin miner revenue derived from transaction fees. Initially surging to 75% on the day of the last halving event, transaction fees now only make up 35% of total miner revenue. This decline is a cause for concern, especially considering the impact of the
The Bitcoin network has recently experienced a significant surge in trading activity following the halving event. While the halving did generate considerable attention for Bitcoin, the increase in trading activity can be attributed to other factors. Data from on-chain analytics platform IntoTheBlock reveals that the number of daily BTC transactions has spiked to a new
Recent on-chain data has revealed a concerning trend in the Bitcoin network, indicating a consistent decrease in high-value transactions over the past few weeks. This decline in activity has been reflected in the price of Bitcoin, which has been struggling to break out of consolidation throughout the month of April. Despite multiple attempts to hold
Upbit, a cryptocurrency platform based in South Korea, has established itself as a dominant player in the country’s crypto market. With over 80% of the country’s trading activity, Upbit has emerged as one of the top five exchanges globally in terms of trading volume. However, the platform’s dominance has raised concerns and criticism, especially as
Institutional investors in Canada have significantly increased their exposure to cryptocurrency over the past year. A recent survey conducted by accounting firm KPMG revealed that 39% of institutional investors reported having direct or indirect exposure to crypto assets in 2023, which is a notable increase from 31% in the firm’s 2021 study. This demonstrates a