The price of Bitcoin has recently experienced a significant drop of more than 15% from its mid-March peak, falling to a ten-day low of under $62,000 on Monday morning. Analysts are pointing to various factors contributing to this decline, including geopolitical uncertainties and macroeconomic conditions. There is a sense of insecurity among investors as they
Crypto
After the recent halving event, Bitcoin experienced a dip to $62,500, causing concern among investors. However, analysts are optimistic about a potential rally in the near future. Financial institutions are showing increased interest in Bitcoin, which could drive up the price. Historical trends also suggest that the crypto market tends to experience a surge after
The aftermath of the fourth Bitcoin halving event has brought significant changes to the landscape of miner revenue, particularly in terms of transaction fees. A recent report by CryptoQuant revealed a substantial decrease in the portion of miner revenue coming from transaction fees, contrasting sharply with the spike observed on the halving day. Initially, transaction
Upbit, a prominent cryptocurrency platform in South Korea, has established itself as a key player in the country’s trading landscape. Responsible for over 80% of the nation’s trading activity, Upbit has emerged as one of the top five exchanges worldwide in terms of trading volume. However, its dominant position has sparked criticism and concerns, particularly
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets over the past year, as revealed by a recent survey conducted by KPMG. The survey, titled “Institutional Adoption of Cryptoassets,” received responses from 65 participants, including institutional investors managing assets exceeding $500 million and financial services organizations. The data showed a notable rise
The meme coin sector has been experiencing remarkable growth, with tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way. Additionally, newer tokens such as dogwifhat (WIF) and Pepe (PEPE) are gaining traction due to strong community support. This surge in popularity has resulted in the sector’s market capitalization briefly exceeding $60 billion. Community
The Bitcoin network recently achieved a significant milestone with its daily transactions hitting a new peak of 927,000. This surpassed the previous record of 724,000, which was set back in December 2023. These findings, reported by Intotheblock, highlight the increasing activity within the cryptocurrency space, driven primarily by the launch of Runes. Runes, a new
Jabara Igbara, famously known as “Jay Mazini,” rose to fame on Instagram as a self-proclaimed crypto millionaire, amassing nearly one million followers with his flashy posts showcasing acts of generosity. He presented himself as a devout Muslim and successful entrepreneur, gaining the trust and admiration of many within the Muslim-American community in New York. The
In the tumultuous world of cryptocurrency, bitcoin (BTC) has experienced significant pullbacks following the bear market of 2022. These pullbacks, some as steep as 23%, have proven to be critical moments for investors looking to maximize their returns. According to crypto trader and analyst Rekt Capital, accumulating BTC after a pullback of around 20% could
In a recent announcement made by Jack Dorsey’s fintech company Block Inc., it was revealed that they have successfully completed the development of an advanced Bitcoin mining chip. This achievement marks a significant milestone for the firm’s mining project and has the potential to revolutionize the mining industry. The Importance of Advanced Technology Block’s three
