Bitcoin’s price has been struggling to regain its momentum after a sharp drop from the $75K level. However, there are signs that a new bullish wave might be on the horizon. The daily chart reveals that BTC has been trading within a descending channel pattern, forming lower highs and lows. While this pattern is typically
Crypto
Robinhood, the trading platform popular among millennials, recently released its earnings report, showcasing remarkable growth and success. The first-quarter results revealed an impressive record revenue of $618 million, marking a significant 40% increase year-over-year. The revenue generated from cryptocurrencies saw an even more astounding surge of 232%, reaching $126 million. Transaction-based revenues also experienced a
Polkadot, a popular blockchain protocol, has recently made significant advancements to improve its network performance. One of the key upgrades includes enabling Asynchronous Backing on the network, which optimizes how parachain blocks are validated by the Relay Chain. This enhancement has led to a doubling of block production speed and a 6-10 times increase in
In recent news, the Hong Kong police force is actively seeking four men who were involved in the abduction of a cryptocurrency investor. The incident took place at Tai Lau Leng Village in the Sheung Shui district on Tuesday. The suspects targeted a 55-year-old woman who was traveling in a car with her husband. They
In the upcoming U.S. presidential election, cryptocurrency is becoming a significant talking point among voters. According to a survey conducted by the Digital Currency Group (DCG) on 1201 registered voters, approximately 20% of respondents consider crypto to be a major issue in the 2024 election. This shows a growing interest and awareness of the asset
In the past 24 hours, the cryptocurrency market has shown signs of stabilization, with Bitcoin trading at around $61K and Ethereum struggling to stay above $3K. Following a sudden correction that saw Bitcoin’s price drop below $61K and lose around 3.5%, the market experienced some turbulence. However, the situation seems to have calmed down since
Core Scientific, a frontrunner in Bitcoin mining, recently unveiled its financial results for the first quarter of 2024, showcasing a remarkable improvement since emerging from bankruptcy. The company’s net income soared to $210.7 million, a stark contrast from the net loss of $0.4 million reported during the same period in 2023. Total revenue also witnessed
Despite experiencing a 20% weekly decline in its price, analysts are optimistic about a significant rally for Shiba Inu in the near future. Various factors, such as the sharp increase in SHIB’s burn rate and improvements to its Shibarium layer-2 platform, are seen as bullish signals for its future price. The popular meme coin, Shiba
In recent days, Monero has been a subject of increased attention and discussions across various social media platforms. This surge in interest can be attributed to the closure of LocalMonero, a peer-to-peer exchange that was based on Monero (XRP). The announcement of LocalMonero’s closure, as detailed in a blog post, cited a combination of internal
The digital asset investment products experienced outflows for the fourth consecutive week, totaling $251 million. This trend indicates a bearish sentiment in the market, with investors pulling out their funds. One notable aspect was the “measurable outflows” from newly issued ETFs in the US, amounting to $156 million last week. This suggests that investors are
