Recently, Ripple’s XRP faced a significant drop of 20% in response to a market downturn that saw the global cryptocurrency market capitalization drop to $2.4 trillion. This decline led to multi-million liquidations, especially impacting long traders. Despite the drop in XRP’s value, some analysts believe that this presents a buying opportunity rather than a reason
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The recent reports of Iran launching missile and drone attacks on Israel sent shockwaves through the cryptocurrency market. Bitcoin, the market leader, suffered a significant selloff as news of the brewing conflict in the Middle East spread. The drone attack, which was in retaliation for an earlier attack on an Iranian diplomatic building in Syria,
The introduction of Spot Bitcoin ETFs has significantly impacted the price of Bitcoin, opening the door to institutional demand in the cryptocurrency market. These ETFs have attracted the attention of fund providers, who have been accumulating Bitcoin at an unprecedented rate. In fact, institutional wallets now hold 4.27% of the total BTC supply, indicating a
In 2023, while venture capital activity declined overall, funding for Bitcoin startups saw a significant increase. According to a report by Trammell Venture Partners (TVP), the number of Bitcoin-native pre-seed deals grew by 360% last year, with the total number of funded Bitcoin companies rising by 56.9%. TVP defined a “Bitcoin native company” as one
Bitcoin Layer 2 solutions have gained significant momentum in the cryptocurrency space, aiming to improve scalability and transaction efficiency on the Bitcoin blockchain. However, recent criticisms from industry experts have shed light on the potential drawbacks and risks associated with these solutions. The criticisms of Bitcoin Layer 2 solutions, as highlighted by Mempool founder Mononaut,
Over the weekend, Bitcoin experienced a significant drop in its price, falling by five thousand dollars to a multi-week low of around $61,000. This decline was exacerbated by escalating tensions between Iran and Israel, causing widespread unease in the cryptocurrency market. Just days before, Bitcoin was trading above $70,000, but a series of events led
Recently, the EigenLayer team made waves in the crypto community by announcing the launch of EigenDA, the first Available Validator Service, on the Ethereum mainnet. With over 4.1 million ETH already restaked on EigenLayer, the platform has been gaining traction rapidly. In fact, 70% of all new Ethereum validators have chosen to restake on EigenDA
Over the past few weekends, the crypto market has remained relatively stable. However, the recent turn of events has led to a sharp decline in Bitcoin’s price, as well as the value of altcoins. This sudden drop can be attributed to various factors, including announcements from key figures at the US Federal Reserve and reports
The countdown to the 2024 bitcoin halving event has the cryptocurrency world on the edge of their seats. Social media platforms are buzzing with discussions about the upcoming halving, indicating a potential for significant price movements in the volatile crypto market. This surge in social media activity has not gone unnoticed by analysts, who suggest
Bitcoin’s market cap has been a subject of much speculation lately, with some optimistic projections suggesting it could reach $3 trillion after the next halving event. This estimate is based on various factors, including the asset’s recent price performance and industry growth expectations led by influential figures such as Ripple’s CEO. Opinions on Bitcoin’s future