The cryptocurrency market has been a volatile space in recent years, with various altcoins vying for dominance. One such altcoin, Ethereum (ETH), has faced challenges in keeping up with its counterparts, leading to a detailed analysis by market researcher DeFi Ignas. In this article, we will delve into the bearish and bullish cases for Ethereum,
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The recent surge in Cardano’s trading volume, with a 150% increase in the last 24 hours, has caught the attention of many investors. This spike, totaling approximately $477 million, indicates a heightened interest in the cryptocurrency. However, despite this surge in activity, ADA’s price has not seen a corresponding increase. This discrepancy raises concerns about
The collaboration between MetaMask, Mastercard, and Baanx has paved the way for a new era of cryptocurrency spending. The introduction of the MetaMask Card allows users to seamlessly make purchases using their cryptocurrency holdings directly from their self-custodial wallet, eliminating the need for complex processes like transferring crypto to an exchange and converting it to
Despite facing significant bearish pressure in the crypto market, Ethereum has not lost all hope. A crypto analyst, RLinda, has indicated that there may be a silver lining for the ETH price after suffering multiple crashes that brought it back down to $2,000. The analyst’s analysis on the one-week chart suggests that there is potential
The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000. Van de Poppe mentioned in a recent
As Bitcoin continues to gain mainstream acceptance, institutions have increasingly turned to the cryptocurrency as a hedge. The past four years have witnessed a significant rise in institutional holdings of Bitcoin, resulting in a shift towards dominance by large organizations. This trend is reflected in the current composition of the top Bitcoin wallets, which no
Upon examining Sahil Arora’s involvement in the crypto industry, it is evident that there is a significant difference in reported earnings. While blockchain investigator ZachXBT indicates that Arora made approximately $3 million this year, Bubblemaps initially estimated his earnings to be as high as $30 million. This stark contrast raises questions about the accuracy of
In a recent report by Bitwise, it was revealed that institutional investors based in the U.S. continue to show strong support for Bitcoin through spot ETFs, with approximately 66% of them either maintaining or increasing their holdings. This comes at a time when the market is experiencing volatility and declining prices, particularly during the second
Bitcoin experienced a 2.5% decrease on Wednesday, dropping to $59,100, as the U.S. government made a significant move with its Silk Road-related Bitcoin holdings. Arkham Intelligence, an on-chain analysis platform, detected the transfer of 10,000 BTC, valued at $593 million, from a US Government wallet to wallet bc1ql. Subsequently, the Bitcoin was sent to 33J,
As we look at the latest findings from Chainalysis, it is evident that there has been a significant rise in stolen assets within the realm of crypto scams and ransomware attacks. The amount of stolen funds in crypto scams has nearly doubled from $857 million to $1.58 billion by late July. This alarming trend poses