Bitcoin has experienced a tumultuous 24 hours, leading to a price plunge that marks its lowest point since mid-January, settling just above $90,000. This decline represents a staggering drop of over $9,000 since it peaked at $99,500 on Friday, igniting concerns among investors and analysts alike. As a significant force in the cryptocurrency market, Bitcoin’s
Crypto
Berachain, a layer 1 blockchain that mirrors the Ethereum Virtual Machine (EVM), has made headlines recently by achieving significant milestones in a remarkably short period. Just 20 days following its Mainnet launch, Berachain has not only established itself as a contender but has also overtaken high-profile blockchains like SUI, Avalanche, and Arbitrum by amassing a
The cryptocurrency landscape has once again been rocked by a significant security incident, as the stablecoin bank Infini fell victim to a massive theft exceeding $49 million in USDC. This breach, primarily attributed to the misuse of administrative privileges retained by a former developer, serves as a stark reminder of the vulnerabilities in the crypto
Bitcoin’s recent performance has raised eyebrows in the cryptocurrency space, as it has fallen below the crucial 100-day moving average, which currently stands at $98,000. This dip signals an increase in selling pressure, albeit accompanied by a notable decline in trading volume. Such low activity diminishes the possibility of significant price movements in the near
As the cryptocurrency market continually shifts, Bitcoin finds itself in a tumultuous situation, downtrending to below the $96,000 mark after showing some stability over the preceding weekend. This latest dip reflects a troubling trend that has left investors rattled, particularly after a week marked by volatility and uncertainty. Bitcoin’s struggles encapsulate the larger state of
Recent economic reports have unveiled significant vulnerabilities within the U.S. economy, as indicated by the service-sector PMI reaching its lowest point in over two years. This downturn sparks newfound scrutiny over the sustainability of economic growth. In the coming week, we are set to receive critical data on GDP and the Personal Consumption Expenditures (PCE)
The landscape of stablecoins is evolving rapidly, with new entrants aiming to carve out their niche in a market that has long been dominated by Tether (USDT) and USD Coin (USDC). In a notable move, Reeve Collins, a co-founder of Tether, has announced the launch of a decentralized stablecoin named USP. This new financial instrument
Traditionally, financial fraud has primarily victimized older adults, who may not be as well-versed in digital tools and online safety. However, a troubling evolution in this trend has surfaced, with younger, tech-savvy individuals increasingly falling prey to these scams. Recent data indicates that the demographic landscape of victims has shifted significantly, particularly among individuals aged
The financial world is witnessing a stark divergence in the performance of Bitcoin (BTC) and gold, creating a complex environment for investors and financial analysts alike. Over the past half-year, gold has soared, pushing the boundaries of its traditional role as a safe haven, while Bitcoin has struggled to maintain its momentum. This article explores
In recent months, the market for Bitcoin exchange-traded funds (ETFs) in the United States has experienced a staggering decline in demand. Once viewed as a promising investment opportunity, these financial instruments now reflect a stark change in investor sentiment. The statistics from FarSide illustrate a concerning narrative for Bitcoin ETFs, especially as February unfolds with