The cryptocurrency exchange industry in the US has seen a significant shift in market share dynamics in recent months. According to a report by research firm Kaiko, Coinbase, which once dominated over half of the market, has experienced a sharp decline. From a peak of almost 55% in March, Coinbase’s market share has dropped to
Bitcoin (BTC) recently faced significant price weaknesses over the weekend after the release of the August nonfarm payrolls (NFP) data, which did not meet analysts’ expectations. The cryptocurrency saw a sharp decline of nearly 5%, dropping below the $54,000 range, marking its lowest level since early August. In response to the price volatility, the crypto
Friend.tech, once hailed as a promising decentralized social media platform, has recently faced various challenges leading to a decline in user growth and engagement. Despite its initial momentum upon launch, the platform has struggled to maintain its forward trajectory. With stagnating active-user numbers, concerns have emerged within the Friend.tech community about the platform’s long-term sustainability.
Ethereum, despite its popularity, has struggled to perform well in the cryptocurrency market. Investors have been left in a state of concern as the price continues to drop, potentially falling below $2,000 once again. However, there is a glimmer of hope as a bullish pattern has emerged on the Ethereum price chart, indicating a possible
Recently, crypto analyst Daan Crypto has brought attention to the Bitcoin Rainbow Chart, shedding light on the current price action of this popular cryptocurrency. According to Daan Crypto, Bitcoin is facing a crucial milestone of holding above $60,000 to trigger a bullish reversal in its price trajectory. Despite the optimism regarding Bitcoin’s potential bullish reversal,
The United States Federal Bureau of Investigation (FBI) has recently issued a warning about aggressive attacks from North Korean hackers targeting the cryptocurrency industry and companies associated with digital asset investment products. These attacks are not your run-of-the-mill cyber threats; they are highly sophisticated social engineering tactics that have even fooled individuals well-versed in cybersecurity
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
