The cryptocurrency landscape is once again feeling the weight of a downward trend, as the total market capitalization has experienced a notable decline of approximately 3% over the last 24 hours, bringing it down to $3.24 trillion. This dip is indicative of a broader struggle within the altcoin market, which has been steadily losing momentum
Crypto
As the summer months approach, a familiar narrative looms over the cryptocurrency market: the “sell in May” effect. This concept, rooted in traditional finance, suggests that investors should divest from stocks around May, anticipating a downturn until October. With the recent predictions from CryptoQuant’s analyst Oinonen, this trend may extend to Bitcoin (BTC) as well.
The Hyper Foundation has recently unveiled HyperEVM, adding an essential component to its decentralized finance (DeFi) ecosystem embodied by Hyperliquid. This launch marks a pivotal transition towards integrating a framework for programmability in financial protocols, adhering to the growing necessity for versatile blockchain solutions. The deployment of HyperEVM’s initial mainnet release signifies not just a
The controversy surrounding the LIBRA token has uncovered a multitude of ethical and operational concerns in the cryptocurrency landscape. At the heart of the discord is Alon Cohen, co-founder of Pump.fun, a platform known for aiding in the creation of meme coins. Cohen has publicly decried the mismanagement of the LIBRA launch and its aftermath—an
In the last day, the cryptocurrency market has experienced a significant pullback, leaving many investors and traders disheartened. Bitcoin (BTC), the flagship cryptocurrency, which had previously reached a peak of nearly $99,000 just days ago, has seen a drastic decline, now hovering around $96,000. The entire crypto sphere bears the brunt of this downturn, particularly
In a shocking incident on February 11, 2023, authorities in Malaysia were alerted to a house fire that ultimately exposed a clandestine bitcoin mining scheme. Located in Lorong Cekara Purnama, Bandar Puncak Alam, the incident began with an explosion followed by thick smoke, compelling a local resident to contact the police. Emergency responders, including 14
In recent months, the Tron blockchain has witnessed a notable increase in activity surrounding meme coins, particularly with the platform known as SunPump. This surge has not only captured the attention of investors but has also sparked discussions among influential figures, including notable public personalities and political leaders. Their involvement highlights the broader fascination with
The cryptocurrency market has found itself in a perplexing situation, with Bitcoin’s price exhibiting a remarkable lack of movement. After a significant decline below the psychologically important $100,000 threshold, Bitcoin is now caught in a narrow trading range, hovering around the $92,000 mark. This stagnation fuels a critical inquiry: is the market accumulating potential for
Over the past year, Pudgy Penguins, a notable player in the non-fungible token (NFT) landscape, has made waves with its remarkable airdrop initiatives that have rewarded NFT holders substantially. This article dissects the multifaceted growth of the Pudgy Penguins project and its implications within the wider NFT market, evaluating both the success of strategic partnerships
Dogecoin (DOGE), the most recognized meme-based cryptocurrency, has recently experienced a notable decline, trading around $0.27—representing a significant drop of approximately 30% over the last month. This downturn follows a promising start to the year, where the asset climbed above the $0.40 mark, attracting bullish sentiment among investors and crypto enthusiasts alike. However, the subsequent
