Over the weekend, the cryptocurrency market experienced a significant downturn, with Bitcoin plunging to a ten-day low of under $65,000. This marked a stark contrast to the previous days when Bitcoin had surged to a new all-time high of $73,800. However, this peak was short-lived as the bears took control of the market and pushed
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Bitcoin experienced heightened volatility towards the end of the business week, with a significant drop of $8,000. However, it has managed to recover some of the losses since then. The week started off with several price fluctuations as well, as Bitcoin first dropped to $67,000 before experiencing a massive surge that led to a new
In a surprising move earlier this year, Binance Labs, the venture capital and incubation arm of the world’s leading crypto exchange Binance, announced that it was spinning off from its parent company. This development marks a significant shift during CEO Richard Teng’s tenure, with the website now clearly stating its independence from the Binance Group.
The Chief Legal Officer at Coinbase, Paul Grewal, recently addressed a letter written by Senators Jack Reed and Laphonza Butler, criticizing their plea to the SEC for stricter regulations on Bitcoin exchange-traded funds (ETFs). Grewal argued that the evidence actually supports the need for expanding the ETF market to include assets beyond Bitcoin, highlighting the
The recent market correction has led to a dip in the price of Ripple’s XRP, with the asset currently hovering around the $0.63 mark according to CoinGecko’s data. This represents a 5.5% decrease over a 24-hour period. Despite this downward trend, analysts like EGRAG CRYPTO are remaining optimistic about the future of XRP, predicting “life-changing,
In the volatile world of cryptocurrency, new tokens are constantly emerging, some of which capture the attention of investors almost instantly. The latest addition to this trend is BOOK OF MEME (BOME), a meme coin built on the Solana blockchain. Despite only being introduced recently, BOME has already experienced an astonishing price surge of nearly
Bitcoin has once again made headlines in the cryptocurrency world as its price reached a new all-time high at just under $74,000. The journey to this point was not without its ups and downs, with the price slipping below $72,000 at one point. However, the resilience of the BTC bulls was evident as they managed
The DeFi lending protocol MakerDAO has stirred up excitement in the crypto space with its announcement of the first phase of its highly anticipated ‘Endgame,’ set to launch in summer 2024. This initial phase is poised to bring about a major transformation by introducing a series of key features that are believed to be instrumental
The cryptocurrency market is no stranger to volatility and fluctuations, with recent concerns raised by CryptoQuant founder Ki Young Ju about the continuous influx of capital into spot Bitcoin ETFs. This influx has surpassed the $10 billion mark for the first time, raising alarm bells about the potential for a sell-side liquidity crisis in the
Bitcoin mining earnings have recently reached an all-time high, with miners making a daily revenue of $78.6 million on March 7. This surge in earnings coincides with the remarkable increase in the value of Bitcoin, the leading cryptocurrency in the market. Miners earn income through two main sources – newly minted coins for verifying transactions