Bitcoin, the leading cryptocurrency, has seen a 15% drop in price since reaching an all-time high of over $73,500 in mid-March. Despite this significant decline, there are indications that the bull run may not be over yet. Various factors point to potential buying opportunities for investors looking to capitalize on the market situation. One of
Crypto
In the first half of 2024, Bitcoin and Ethereum have emerged as the standout performers in the financial market. These cryptocurrencies have managed to outshine traditional investment options such as the Nasdaq, S&P 500, oil, gold, the U.S. dollar, and government bonds. This incredible performance has caught the attention of many investors and analysts alike.
Artificial intelligence (AI) has become an integral part of our everyday lives, from social media algorithms to chatbots. However, Charles Hoskinson, co-founder of Cardano, has raised concerns about the implications of AI censorship. AI censorship involves the use of machine learning algorithms to filter out content deemed objectionable or sensitive. This practice, often implemented by
Keith Gill, also known as “Roaring Kitty,” a stock trader who gained fame during the GameStop frenzy in 2021, is now facing securities fraud claims. A class-action lawsuit filed in the Eastern District of New York accuses Gill of engaging in a “pump and dump” scheme through his social media posts. The lawsuit alleges that
June was a month full of ups and downs for Bitcoin, with the price experiencing a significant amount of volatility. The price ranged from a high of $72,000 to a low of just over $58,000. Unfortunately, the bears were able to push the price down by 7.12% overall. This raises the question – what can
Market analysts at CryptoQuant have identified several on-chain metrics that could potentially signal a turning point for Bitcoin and cryptocurrency prices. These metrics include indicators such as bullish momentum, Bitcoin demand growth, and stablecoin liquidity growth. These factors are crucial in determining whether the market has hit bottom and is poised for a potential rally.
The European Central Bank (ECB) recently provided an update on its progress towards the creation of a digital Euro CBDC, and it has become apparent that privacy and data protection are at the forefront of their priorities. However, upon further examination, it seems that the features of this digital currency may actually have the opposite
Ethereum experienced a 3% decrease in price this week, putting it in a downtrend. The key support level at $3,500 is under threat, and buyers are struggling to prevent a breakdown. To reverse the downtrend, ETH needs to surpass $3,700 and challenge the resistance at $4,000. Failure to defend the support could lead to a
The cryptocurrency markets are experiencing a decline with Bitcoin sliding towards the $60K mark. The total market capitalization is currently at $2.37 trillion, reflecting a downward trend. Bitcoin’s price has decreased by 1.3% in the past 24 hours, resulting in a total weekly loss of around 6%. The trading volume has also been relatively low,
T-Rex Group, a financial services company, recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This financial vehicle is gaining attention as potentially one of the most volatile ETFs in the country. The fund, named ‘T-Rex 2X Long MSTR Daily Target ETF’, aims to magnify the daily performance of
