The Spot Bitcoin ETFs have been facing a decline in demand since the beginning of the month, leading to significant outflows recorded on April 26. Investors have been pulling out of these ETFs, with Grayscale’s Bitcoin Trust (GBTC) experiencing the largest outflows of $139.4 million. Other funds such as Ark Invest, Valkyrie, Bitwise, and Fidelity’s
Ethereum withdrawals from centralized exchanges have seen a significant increase in the past week, indicating a shift in investor sentiment towards the cryptocurrency. The volume of ETH being withdrawn from exchanges speaks volumes about the confidence that investors have in the future price prospects of Ethereum. This trend is particularly interesting given the prevailing uncertainty
When exploring the world of cryptocurrency investments, it is crucial to carefully analyze the risks and rewards associated with different tokens. One such token that has been garnering a lot of attention is SPACEX, a meme coin launched by a developer known for their Elon Musk-themed tokens. While SPACEX has seen impressive gains, with a
The TON Foundation, a non-profit organization dedicated to promoting and developing the Ton blockchain, recently made a significant announcement regarding an airdrop opportunity for active NFT traders and holders. This initiative will see the distribution of 105,600 TON tokens, valued at approximately $600K, to eligible participants on popular Ton NFT marketplaces. The TON Foundation is
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
Recent data from analytics platform IntoTheBlock has shed light on a concerning trend within the Cardano (ADA) network. The report reveals that only 35% of ADA holders are currently seeing gains, which is significantly lower compared to other cryptocurrencies like Bitcoin and TRX. This dip in profitability for ADA holders has raised questions about 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
Renowned economist and Bitcoin critic, Peter Schiff, recently expressed his concerns about the future of Bitcoin. Schiff highlighted the importance of BTC maintaining a stronghold above $60,000 and warned investors of the potential consequences if the cryptocurrency fails to hold critical support levels. His somber prediction of a substantial price decline if Bitcoin drops below
The recent surge in meme coin popularity has once again brought attention to ERC-20 tokens, particularly with the meteoric rise of the ELON coin. Despite its 229-fold increase in price overnight, ELON has no official connection to Elon Musk, the meme coin community’s iconic figure. Currently trading at $0.0000398, ELON has shown a 24-hour change
The past 24 hours have seen Ethereum (ETH), the second-largest cryptocurrency by market capitalization, undergo a significant 5% price drop. This drop has been linked to the growing speculation surrounding the potential rejection of highly anticipated Ethereum ETFs by the US Securities and Exchange Commission (SEC) in the upcoming May deadline. According to a recent
