Bitcoin has experienced a period of stagnation in its price since reaching its peak in March. According to analysts at CryptoQuant, this stagnation can be attributed to the tight monetary policy in the U.S. The analysts reported on July 3 that the tightening of monetary policy in the U.S. since March 2022 has led to
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Bitcoin recently faced a significant correction, with its price dropping below $54,000 for the first time since February. This downturn has sparked debates within the cryptocurrency community about whether it signals the end of the bull market or is simply a normal part of Bitcoin’s growth trajectory. Some analysts believe that the recent correction is
Opeyemi, a skilled writer, did not originally choose the digital asset industry as his primary focus. However, after diving into the realm of cryptocurrencies over two years ago, he found himself captivated by its complexities. Now, Opeyemi takes pride in unraveling the intricate details of blockchain technology and sharing his insights on the latest trends
The cryptocurrency industry is a volatile and fast-paced environment, with new developments occurring regularly. With the rise of meme coins like Shiba Inu (SHIB), there has been a surge in popularity among users. However, with this popularity comes the risk of hackers and scammers targeting unsuspecting individuals who may not be adequately safeguarding their crypto
Semilore Faleti is a cryptocurrency writer with a specialization in journalism and content creation. His journey in the world of cryptocurrencies began with a wide range of subjects, but he quickly discovered his talent for unraveling the complexities within the blockchain and cryptocurrency space. What draws Semilore to digital assets is their efficiency in storing
Bitcoin’s price has been fluctuating wildly in the past few hours, with a sudden drop below $54,000 on July 5, reminding investors of the intense volatility associated with the market. Over the past seven and thirty days, Bitcoin has been down by 7% and 20.25%, respectively. This unpredictable nature of Bitcoin’s price movements has caught
In a recent development, Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), made grave accusations against Binance, a popular cryptocurrency exchange platform. Akinwumi’s testimony in a lawsuit brought by the Economic and Financial Crimes Commission (EFCC) alleged that Binance had been involved in transactions that are typically reserved for authorized banks
As July approaches, there is hope for users of the now-defunct Mt. Gox exchange to finally receive restitution after a decade of waiting. However, market players are feeling uneasy about the upcoming distributions, fearing potential sell-offs. Bitcoin has been on a downward trend since the start of June, struggling to gain significant upward momentum despite
Cardano (ADA) has recently experienced a significant 3.4% increase in price over the past 24 hours, amidst a broader recovery in the cryptocurrency market. This positive price action is not unique to ADA, as Bitcoin and Ethereum have also seen slight gains of 2.5% and 2.2%, respectively. Technical analysis suggests that ADA may be on
The recent 15% drop in crypto markets, resulting in over $350 million exiting the space, has sent shockwaves throughout the industry. Price levels have plummeted to their lowest since late February, sparking concerns among investors and traders alike. However, this correction is not uncommon in the world of cryptocurrencies, with previous market cycles experiencing similar
