Ethereum has been experiencing a prolonged phase of sideways consolidation following a decline to the critical support level of $3K. The cryptocurrency seems to be stuck within a range of $3K to $3.7K, with minimal volatility expected unless a breakout occurs in either direction. The daily chart analysis reveals that Ethereum found substantial support around
The latest analysis from CryptoQuant suggests that the long-anticipated 2024 Bitcoin halving may not have the significant impact on the price of BTC as previously expected. The analytics firm points out that the influence of the halving event has been dwindling over time, with other market dynamics now playing a more crucial role in driving
The Avalanche Foundation made headlines in Q4 of 2023 with its decision to start acquiring meme coins as part of its digital culture drive. This move was a bold one, signaling the foundation’s intention to position itself as a key player in the crypto space. The foundation’s initial picks included a range of animal-themed cryptocurrencies
Bitcoin has seen a recent price decline after briefly surpassing the $72,000 mark on April 8. This dip is attributed to several factors, including the upcoming release of the March Consumer Price Index (CPI) data on April 10. Market experts are anticipating that the CPI report may reveal a rise in overall inflation, which could
Shiba Inu (SHIB) recently experienced a significant price drop, causing concern among investors. The token’s value decreased by 3% on a daily scale and 20% on a monthly basis. This downturn has left many wondering about the future prospects of SHIB and whether a bullish trend is on the horizon. Despite the recent price drop,
Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge
The recent approval of spot Bitcoin ETFs has been a game-changer for the crypto market, according to Fred Thiel, the CEO of Marathon, America’s largest crypto mining firm. Thiel believes that the ETF approval has attracted a significant amount of capital into the market, leading to a surge in prices that would typically be seen
Gunzilla Games, a prominent video game developer, has recently made headlines with their integration of the GUNZ blockchain into the popular NFT marketplace OpenSea. This move allows players to trade in-game items for Gunzilla’s upcoming first-person battle royale shooter, Off the Grid, and any future games on the Avalanche-based chain. The GUNZ blockchain, developed on
The introduction of U.S. Bitcoin spot ETFs has marked a significant milestone in the cryptocurrency market, attracting a substantial amount of net inflows since their launch three months ago. This article will delve into the analysis provided by Glassnode analyst James Check, who measures the impact of these ETFs on the broader Bitcoin market using
