The recent drop in bitcoin price has left many investors puzzled, especially considering the continuous inflows into US-based ETFs. The approval of Bitcoin ETFs by the US Securities and Exchange Commission earlier this year marked a significant milestone in the cryptocurrency industry. Financial giants like BlackRock and Fidelity becoming issuers of exchange-traded funds with cryptocurrency
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Ripple’s XRP has been hovering around the $0.52 mark, with analysts split on whether the token is poised for a significant increase or a possible drop. Despite the cryptocurrency market experiencing price surges, XRP has remained relatively stagnant, struggling to surpass the $30 billion market cap level. Potential Rise to $0.70 Some analysts, such as
Recently, a popular on-chain sleuth brought attention to fraudulent activity involving an early investor in the Solana-based meme coin, ANDY. The exploiter managed to drain around $2 million worth of meme coins in several transactions, eventually swapping half of the illicit profit for ETH. This incident has led to a significant decline in ANDY’s price,
The Bitcoin price has come to a standstill after reaching the $71,000 mark, leaving investors in a state of uncertainty. This period of stagnation often signals an impending massive move in the market, but predicting the direction of this move is a challenge. Crypto analyst Alan Santana has delved into the Bitcoin chart to offer
The proposed reorganization plan of the bankrupt cryptocurrency exchange FTX has faced significant objections from creditors regarding its compliance with the Bankruptcy Code. The objections, as highlighted by FTX creditor activist Sunil Kavuri, include issues related to property rights, the best interest test, and the liquidation analysis of debtors. These concerns were formally submitted by
Semler Scientific, a med-tech company based in California, has recently announced its decision to purchase an additional 247 BTC for a total of $17 million in cash. This new acquisition brings the company’s total holdings of bitcoins to 828, which were acquired for a total of $57 million. The company has also disclosed its intention
McDonald’s Singapore is embracing cutting-edge technology with the launch of its latest digital creation, “My Happy Place.” In collaboration with Bandwagon Labs, this innovative initiative takes users on a journey through a virtual world accessible via the McDonald’s app. This metaverse offers a fusion of real-world and digital experiences, providing a range of interactive activities
The recent surge in Bitcoin’s price to over $70,000 has sparked excitement among investors, with many optimistic about its future price outlook. Long-term holders are especially pleased, as their holdings have now entered the profit zone due to this impressive price action. The positive sentiment is particularly strong among US-based investors, as evidenced by the
The founder of LookIntoBitcoin, Philip Swift, recently drew attention to the significant increase in global liquidity, which has just hit a new all-time high (ATH). According to Swift, this surge in global liquidity is a crucial indicator of Bitcoin’s potential to rise in the current bull run. The chart he shared revealed that global liquidity
Recently, Ethereum price experienced a downside correction starting from the $3,885 resistance zone. This correction has caused ETH to drop below $3,800 and there is a possibility that it might continue to slide towards $3,720. Ethereum faced a pullback after failing to clear the $3,880 resistance level. Currently, the price is below $3,840 and also
