Ethereum, once considered a strong competitor to Bitcoin, has seen a significant decline in performance since the Merge two years ago. What was once hailed as a revolutionary platform for decentralized applications and smart contracts is now on the brink of falling into undervaluation territory. Blockchain analytics platform CryptoQuant has identified several key factors contributing
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Bitcoin has experienced a significant drop in its market price on crypto exchanges, plunging to its lowest level since the early August massacre. This decline occurred after the spot Bitcoin ETFs were approved in the US, signaling a surge in demand. Despite a previous rebound that saw Bitcoin reaching $65,000, the bearish trend has resurfaced,
Bitcoin’s price experienced significant turbulence last week, with the digital currency reaching highs near $60,000 only to plummet to $52,800 in a matter of minutes. This rollercoaster ride was fueled by a mixture of factors, including market speculation, regulatory concerns, and macroeconomic data. While Bitcoin took center stage with its price fluctuations, altcoins such as
In a recent case in Scotland, John Ross Rennie, a 29-year-old man from Cambuslang, was involved in a violent robbery in March of 2020. During the robbery, the victim was forced to transfer 23.5 Bitcoin, valued at approximately £109,601, to the assailants. Rennie was identified as the “technical brains” behind the operation, providing expertise on
United Texas Bank (UTB) has recently come under fire from the U.S. Federal Reserve for significant deficiencies in its governance, particularly regarding anti-money laundering (AML) laws and risk management associated with virtual currency customers and foreign correspondent banking. An examination conducted in May 2023 uncovered shortcomings in board oversight and senior management’s handling of compliance
In recent times, Ethereum has been facing a bearish outlook, characterized by a significant downtrend. This negative trend has sparked fear and uncertainty among market participants, leading to a decrease in investor interest. The rejection at the lower boundary of a multi-month wedge and key Fibonacci levels has confirmed the presence of strong selling pressure
As the crypto market remains turbulent and unpredictable, there is a notable surge in whale activity among large investors. Data intelligence firm Santiment has conducted an analysis revealing the top ten crypto projects experiencing a significant increase in whale activity. In this context, whales are referred to as investors who carry out transactions valued at
The percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has recently dropped to its lowest level in the year, resembling the statistics from back in October 2023. This particular decrease in UTXOs aligns with the current downward trend in bitcoin’s price and the broader crypto market. It’s crucial to note that analyzing UTXOs is
Toncoin (TON) was once riding high on a bull run at the beginning of 2024, reaching an impressive all-time high of nearly $8.20 in mid-June. However, the tides quickly turned towards the end of August, leading to a 40% decrease in price, settling around $4.80. The downfall can be attributed to negative news surrounding Pavel
The recent release of the US jobs report has caused a stir in the financial markets, particularly in the cryptocurrency sector. Contrary to general expectations of over 160,000 job positions to be filled, the report revealed that local employers added only 142,000 new jobs in August. This shortfall has led to speculation about the future