Over the past week, Bitcoin’s price has seen significant fluctuations, ranging from $54,000 to nearly $60,000. Currently, the cryptocurrency is trading at around $58,000 according to Coingecko’s data. This volatility has led numerous analysts to speculate on the possibility of a fresh resurgence in the price of Bitcoin. Some analysts, such as Crypto Rover with
Crypto
The stablecoin market has seen significant changes in recent years, with Tether’s USDT losing its dominance. Kaiko’s latest data indicates a decline in USDT market share, dropping from 82% to 74% on centralized exchanges in 2024. This shift can be attributed to increased competition from stablecoins like FDUSD and the rising demand for regulated options
Recently, Germany’s on-chain Bitcoin wallet balance reached zero, signaling that the sell pressure from the European economic powerhouse may be coming to an end. This news comes after weeks of bearish sentiment hanging over the crypto market, at a time when on-chain indicators are pointing towards a local bottom being near. The Government’s Wallet Activity
In a recent hearing, Judge Katherine Polk Failla raised concerns about Coinbase’s attempts to subpoena SEC Chair Gary Gensler in the ongoing SEC case against the cryptocurrency exchange. Judge Failla expressed skepticism about Coinbase’s motives in seeking Gensler’s communications, including statements made before he assumed the role of SEC Chair in 2021. She questioned the
The recent actions taken by the German state of Saxony to deplete its Bitcoin reserves have sparked concern among both crypto investors and experts in the field. After seizing Bitcoin from Movie2K, a film piracy website, earlier this year, the government started auctioning off approximately $3 billion worth of BTC. The most recent development saw
Ethereum’s price has been on a downward trend recently, facing a second rejection at the $4,000 resistance level. The daily chart shows a pattern of lower highs and lows since failing to break the $4,000 mark. Additionally, the market has broken below the crucial 200-day moving average at around $3,100. Currently, the price is retesting
Bitcoin’s price has experienced extreme fluctuations recently, reaching highs near $60,000 only to plummet by over $2,000 shortly after. This volatility can be attributed to a variety of factors, including the release of CPI numbers and market speculation. While Bitcoin has been taking center stage with its dramatic price movements, most altcoins have remained relatively
Railgun, a popular crypto privacy protocol, recently made headlines for successfully preventing Inferno Drainer from laundering stolen funds. A recent report by SlowMist’s anti-money laundering tracking system revealed that Railgun intercepted an attempt to launder over 174 ETH, valued at approximately $533,000. As a result, the perpetrators were forced to return the stolen ETH to
Bitcoin’s price surge towards $60,000 recently hit a roadblock as the asset retraced slightly, settling just above $58,000. This halt in momentum comes after a period of intense volatility in the cryptocurrency market. Among the larger-cap altcoins, Stacks has emerged as the top performer, experiencing a significant 14% increase in value. Following closely behind is
The recent Copa America semi-final between Canada and Argentina led to yet another significant betting loss for the Canadian musician and actor, Drake. After wagering $300,000 worth of Bitcoin on Canada to beat Argentina, the odds were not in his favor, and he ended up losing the bet when Argentina emerged victorious with a 2-0