Bitcoin has been facing significant resistance in its recent bid to regain ground above the pivotal 200-day moving average. As it stands, the cryptocurrency’s price struggles around critical support levels and is teetering on the edge of a more profound decline. After a recent attempt to rebound from a support zone near $60,000, Bitcoin was
admin
The cryptocurrency market continues to exhibit significant volatility, characterized by a robust tug-of-war between buyers and sellers. A recent surge in market activity saw several digital assets post gains, only for those gains to evaporate in a dramatic downturn. As of the latest reports, approximately $230 million in derivatives have been liquidated, suggesting that traders
The Open Network (TON) has recently reached a significant milestone, capturing the attention of both enthusiasts and analysts within the crypto space. With its linkage to Telegram, a leading social messaging platform, TON has seen an explosion in unique wallet addresses, now exceeding 100 million with non-zero balances. This rise represents an impressive 95% increase
In a significant update for cryptocurrency traders, Binance has announced that it will convert specified holdings of recently delisted cryptocurrencies into USDC by April 28, 2025. Users holding coins such as Tornado Cash (TORN), Vai (VAI), and others, now face a critical timeline with withdrawals of these coins allowed only until October 28, 2024. This
The cryptocurrency landscape is on the verge of a seismic shift as regulatory bodies begin to approve options for spot Bitcoin Exchange-Traded Funds (ETFs). Recent discussions led by experts such as Jeff Park, head of Alpha Strategies at Bitwise Investments, reveal that the introduction of these ETF options is likely to lead to heightened volatility
On the morning of October 7, the cryptocurrency market experienced an unexpected shock as Bitget’s BGB token plummeted 50%, dropping from $1.14 to $0.64. Although the price rebounded shortly thereafter, the abrupt change raised numerous questions about market stability and risk management within cryptocurrency platforms. Such volatility can unsettle investors and highlight the sensitive nature
Metaplanet, a well-known player in Japan’s cryptocurrency market, has made headlines yet again with its recent acquisition of 108.786 Bitcoin for 1 billion yen, translating to approximately $6.7 million. This move is an indicator of the firm’s unwavering bullish outlook on Bitcoin, which it now considers a pivotal component of its treasury reserve strategy. With
The month of October has exhibited a tumultuous journey for Shiba Inu (SHIB), often characterized by the whims of cryptocurrency markets. Initially, this meme coin saw a downturn, prompting worries among investors as it fluctuated with the broader trends in the crypto sphere. Yet, just as analysts and traders began to adjust their expectations, SHIB
The world of cryptocurrency has been no stranger to volatility and transformation, especially in the realm of privacy tokens. A recent report from Kaiko has brought to light unprecedented developments in this sector, highlighting an alarming trend: nearly 60 delistings from centralized exchanges in 2023 alone. This is the most considerable number since 2021 and
The cryptocurrency market is fraught with volatility and speculation, yet many analysts remain optimistic about Bitcoin’s trajectory. In particular, well-known crypto analyst Ash Crypto has garnered attention for his assertion that Bitcoin could reach the coveted $100,000 mark by the year’s end. This belief aligns with predictions from reputable financial institutions like Standard Chartered, suggesting
