Bitcoin recently faced a significant correction, dropping below $54,000 in a short period of time. This has sparked debates among investors and analysts regarding the future of the cryptocurrency. While some are quick to label this as the end of the bull market, others view it as a normal part of Bitcoin’s growth trajectory. It
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Bitcoin’s price has been experiencing stagnation since its peak in March, and according to analysts at CryptoQuant, this is largely attributed to the tight U.S. monetary policy. The analysts reported that the tightening monetary policy in the U.S. since March 2022 has led to a reduction in stablecoin supply, which has had a direct impact
Real-World Assets (RWA) have been gaining popularity in the cryptocurrency market in recent months. These assets represent physical objects or properties that are tokenized and operate on blockchain technology through smart contracts. At one point, the market capitalization of RWA soared to nearly $9 billion. However, a recent correction in the broader cryptocurrency market has
The cryptocurrency industry is filled with innovation and excitement on a daily basis. However, it’s also a breeding ground for hackers and wrongdoers who prey on the vulnerability of inexperienced users when it comes to safeguarding their crypto assets. This vulnerability is particularly prevalent in the meme coin sector, where projects like Shiba Inu (SHIB)
Bitcoin investors have been eagerly anticipating the restitution from the now-defunct Mt. Gox exchange for over a decade. However, the uncertainty surrounding the distributions has caused anxiety among market players. Despite modest ETF inflows, Bitcoin has been on a declining trend since the beginning of June, failing to gain significant upward momentum. The recent price
In recent days, the crypto market has experienced a significant decline of 15%, resulting in over $350 million exiting the space. This correction has broken monthly support levels, leading crypto assets to their lowest levels since late February. Despite the bearish sentiment returning, market analysts and experts such as Cryptographer Adam Back have pointed out
PancakeSwap, a popular multi-chain decentralized exchange (DEX), recently made an announcement regarding a major community reward program that is set to take place from July 5 to August 5. This program aims to distribute over 2.45 million zkSync (ZK) tokens to community members as a token of appreciation for their support in the zkSync PancakeSwap
Meme coins have had their time in the spotlight during the recent bull cycle in the cryptocurrency market. Tokens like Shiba Inu (SHIB), Dogecoin (DOGE), and various Solana-based coins have experienced significant gains over the past few months. However, their growth has hit a snag with the current market correction. One key factor that could
In the past 24 hours, the cryptocurrency market has experienced a significant downturn, with the total market capitalization dropping to $2.07 trillion, marking an 8.6% decline. One of the major casualties of this market correction is Bitcoin, the leading cryptocurrency, which saw its price fall below $54,000 for the first time since February. This sharp
The asset management firm Bitwise has recently made amendments to its S-1 registration with the SEC in order to list and trade shares of a spot Ether exchange-traded fund (ETF). This move comes in response to SEC Chair Gary Gensler’s statement regarding the potential approval of spot Ether ETFs by summer 2024. While some analysts