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
Crypto
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
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
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
Meme coins have been all the rage in the cryptocurrency world, with Shiba Inu (SHIB) and Dogecoin (DOGE) leading the pack during the latest bull cycle. However, as the market correction continues, investors are wondering which meme coins will shine the brightest if Bitcoin hits $100K. ChatGPT, an AI-powered chatbot, has analyzed the market and
PancakeSwap, a well-known multi-chain decentralized exchange (DEX), recently unveiled an exciting community reward program that is set to run from July 5 to August 5. The program involves the distribution of more than 2.45 million zkSync (ZK) tokens to members of the PancakeSwap community. This initiative serves as a gesture of gratitude towards the community
The cryptocurrency market has experienced a significant downturn in the past 24 hours, with the total market capitalization plunging to $2.07 trillion, marking an 8.6% decrease within a day. This downward trend has impacted the majority of major digital assets, leaving only a handful of them resilient to the negative trajectory. The flagship cryptocurrency, Bitcoin,
Bitwise, an asset management firm, recently made amendments to its S-1 registration with the United States Securities and Exchange Commission (SEC) to allow for the listing and trading of shares of a spot Ether exchange-traded fund (ETF). This move comes in light of SEC Chair Gary Gensler’s statement indicating that approvals for spot Ether ETFs
BitMEX, the Seychelles-based derivatives exchange, has recently introduced a new financial product called the MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This innovative offering aims to provide traders with a convenient way to access a diverse range of meme coins in the cryptocurrency market through a single contract. The MEMEMEXTUSDT Basket Index includes popular meme coins
The Bitcoin network is currently experiencing a significant drop in hash rate, indicating a state of miner capitulation. This phase is characterized by miners either shutting down operations or selling off part of their Bitcoin reserves. Since the recent halving, the network hash rate has decreased by 7.7% from its peak on April 27. This
