Over the past two years, Ethereum has experienced a significant decline in performance relative to Bitcoin. What was once considered ultra-sound money has now fallen into the undervaluation territory, as indicated by its current state of underperformance. This decline can be attributed to various factors, including inflationary supply dynamics and weaker network activity compared to
Amidst a week of fear and uncertainty in the market, Cardano (ADA) is currently trading just below a critical resistance level at $0.33. However, on-chain data from IntoTheBlock suggests that some investors see this as a potential buying opportunity, anticipating a market recovery in the near future. Despite the broader downturn, certain metrics indicate growing
Bitcoin’s market price has taken a hit, dropping below $50,000 for the first time since the approval of spot Bitcoin ETFs and the subsequent surge to $65,000. With the bears currently in control, many are wondering when the price will rebound. One crypto analyst, Astronomer Zero, has made a prediction based on the pattern of
Bitcoin has experienced a turbulent week in the market, with its price plummeting on Friday only to recover some ground on Saturday. Despite this recovery, bitcoin has struggled to maintain above $54,000 since then. The cryptocurrency reached close to $60,000 on Tuesday, but a subsequent rejection led to a sharp decline, with the asset dropping
The recent case in Scotland involving the confiscation of £110,000 worth of cryptocurrency from a convicted criminal has made waves in the legal and financial sectors. This landmark decision marks the first time that proceeds of crime legislation have been used to seize cryptocurrency as physical cash, setting a new precedent in the country. John
The recent cease-and-desist order issued by the U.S. Federal Reserve against United Texas Bank (UTB) sheds light on significant deficiencies in the institution’s governance and compliance practices. Particularly troubling were the shortcomings in adhering to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. This lack of oversight
The current state of Ethereum reflects a prominent bearish trend that has caused fear and uncertainty among market participants. The decline in Ethereum’s price, marked by a sharp pullback to the lower boundary of a broken wedge, has been further exacerbated by the formation of a death cross. This technical indicator, where the 100-day moving
The cryptocurrency market has always been known for its volatility, and this unpredictability seems to have been heightened in recent times. Despite the market dipping, there has been a surge in whale activity among large investors. A recent analysis by data intelligence firm Santiment has shed light on the top ten crypto projects experiencing the
The recent Bitcoin and crypto market crash has seen prices plunge into the red across the board. As a result, sentiment among crypto investors has plunged rapidly and this has caused the Fear & Greed Index to plunge into the Extreme Fear territory. The Bitcoin Fear & Greed Index is one of the best indicators
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. The recent report from CryptoQuant offers clarity on factors currently
