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
Upland, a revolutionary virtual property trading game, recently made waves in the Metaverse by introducing Paris as a new addition to its landscape. This milestone also saw the unveiling of Upland’s utility token, $SPARKLET, which quickly became a vital component in the game’s ecosystem. The Paris launch brought about a frenzy of virtual property acquisition,
The current state of the market has not been kind to new Bitcoin investors, as indicated by various metrics highlighting a bearish environment. One such metric, the Short-Term Holder MVRV (Market Value to Realized Value) ratio, focuses on the fair market value of BTC compared to its realized price for the newest cohort of investors.
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
A recent development in the crypto space involves a class-action lawsuit against Binance.US, the US subsidiary of the Binance exchange, and CoinMarketCap. The plaintiff, Ryan Cox, has brought forth claims of price manipulation of the Hex token against these platforms. The lawsuit alleges that Binance.US and CoinMarketCap unfairly manipulated the ranking and value of the
The US spot Ethereum ETFs saw a substantial total inflow of $4.9 million on Monday, showcasing a positive trend in the market. One notable highlight was the Grayscale Ethereum Trust (ETHE) which saw no withdrawals for the first time since its conversion to an ETF. This comes after experiencing 14 days of outflows, indicating a
House Representative Ro Khanna recently shared his optimism about the Biden administration releasing a crypto regulation roadmap in the near future. This roadmap is expected to provide a clear path towards reasonable regulation that will help companies in the crypto sector to stay compliant while fostering innovation and job creation in the US. Several discussions
In the past week, Ethereum (ETH) experienced a significant downturn, with its price plummeting to $2,112 on August 5th. This crash marked one of the largest market slumps of the year. However, the digital asset has shown signs of recovery, bouncing back by 8% in the last seven days. Ethereum has managed to reclaim the