Bitcoin’s recent price action has sparked fear among participants in the crypto market, leading to concerns that the bull market may have come to an end. The daily timeframe reveals a clear bearish trend, with the price making lower highs and lows since falling below the $70K mark. The market recently breached the key $60K
Crypto
The cryptocurrency market is currently facing a downturn, with major coins like Ethereum (ETH) and XRP experiencing notable decreases in value. For instance, ETH is trading below $3K once again and has dropped by 4% within a day. XRP, on the other hand, has seen a 5% decline, leading to a struggle among bulls to
In recent hours, the cryptocurrency market has experienced a significant rebound, with Bitcoin surging to nearly $58,000 and Ethereum crossing the $3,000 mark. Meme coins, such as Shiba Inu, have also seen notable gains during this period. Despite the overall positive movement in prices, certain metrics within the SHIB ecosystem have shown a decline. Shiba
The data compiled by Lookonchain reveals that Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, with an impressive $2.728 billion. Despite the emergence of various blockchain networks offering lower fees and faster transaction times, users seem willing to pay higher fees on Ethereum. This highlights the strong network effect and user loyalty that
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
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