Ethereum (ETH) is currently facing a significant downturn, with its price plummeting towards the critical support level of $3,051. This sudden drop in price indicates a surge in selling pressure and a prevailing bearish sentiment in the market. Traders are closely watching Ethereum’s behavior as it approaches this crucial threshold, looking for signs of either
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Bitcoin, despite facing significant bearish trends and market headwinds, has seen a surge in accumulation by large investors holding more than $600,000 worth of Bitcoin. According to recent data from the on-chain tracking platform Santiment, these whales have been increasing their holdings over the last six months. The most active participants in this accumulation are
In a surprising turn of events, meme coin DADDY has experienced a significant surge of 35% in its price within the last 24 hours. This surge has propelled the coin to trade at around $0.15 according to CoinGecko, with its market capitalization inching closer to the $100 million mark. The catalyst for this rally seems
A recent analysis by cryptocurrency analyst Quinten François has created quite a stir in the crypto community. François has put forward an ultra-bullish narrative for Bitcoin’s future trajectory, suggesting that the flagship cryptocurrency could potentially soar to an astonishing $4.5 million. This projection is based on the significance of Bitcoin’s fourth halving event, with François
Recently, crypto exchange KuCoin made an announcement that they would be implementing a 7.5% value-added tax on trading fees for their Nigerian users starting on July 8th. This news has sparked discussion and debate within the crypto community in Nigeria and beyond. The decision by KuCoin to collect a VAT on trading fees has raised
Meta’s Mark Zuckerberg has set his sights on a future where smart glasses equipped with holographic displays will take over as the main communication and computing device for humanity. In a recent interview, Zuckerberg discussed Meta’s exciting future product, endorsing a set of smart glasses that boast cameras, microphones, speakers, and a full field-of-view holographic
Cardano (ADA) has been on a rollercoaster ride recently, moving from its yearly high of $0.810 in March to as low as $0.357 on June 22. Despite this volatility, ADA has shown resilience compared to Bitcoin (BTC) and Ethereum (ETH), with a 2% increase in the past 24 hours and over 12% in the past
Asset managers are currently optimistic about the Security and Exchange Commission’s approval for the first U.S. ETFs directly investing in Ethereum. There is a deadline set by the SEC for ETF applicants to submit updated paperwork and amended S-1s by July 8, with the possibility of additional rounds of filings. Recent feedback from the SEC
The delay in the expected full approval of Ethereum ETF applications by the Securities and Exchange Commission (SEC) has caused a setback for Ethereum (ETH) price, which dropped back to the $3,400 support level after briefly surpassing the $3,500 mark. Analysts had initially anticipated approval by July 2, but the SEC has requested issuers to
Tom Lee, the head of research at Fundstrat, has once again made a bold prediction regarding the future of Bitcoin. He strongly believes that the pioneer cryptocurrency will surge to an impressive $150,000, despite recent bearish trends in the market. Lee’s unwavering optimism in Bitcoin’s potential has caught the attention of many investors and analysts