Bitcoin has recently undergone a market correction of around 11%, causing some turbulence in its price movements. Despite briefly rebounding to $58,000, the leading cryptocurrency still has a ways to go before reaching its all-time high levels. However, on-chain data from Santiment has shown an interesting trend – wallets holding less than 1 BTC are
Crypto
Fintech bank Nubank recently made the decision to suspend trading for its cryptocurrency, Nucoin. This move comes amidst concerns surrounding the financial stability of the bank. The announcement was made in a blog post on September 10, where Nubank revealed that Nucoin would no longer be available for purchase or sale within its app. Originally
In a recent analysis, ITC Crypto founder Benjamin Cowen pointed out a wedge chart pattern in the current cycle of Ethereum, which bears similarity to patterns observed in previous cycles, albeit on a much larger scale. He noted that the structure of ETH/BTC hit a bottom after an interest rate cut in 2019, and the
Bitcoin experienced a significant increase in value, with its price surging from $53,600 to over $58,000 in just one day. One of the main factors contributing to this surge is the introduction of US spot Bitcoin ETFs in mid-January of this year. These ETFs have been influencing the price movements of Bitcoin, with positive flows
Bitcoin (BTC) witnessed a considerable decline in price over the weekend, triggered by the disappointing August nonfarm payrolls (NFP) data. The cryptocurrency experienced a sharp drop of almost 5%, falling below the $54,000 mark, which was its lowest level since early August. The broader crypto market also felt the impact of this price weakness, with
In recent times, the United States Federal Bureau of Investigation (FBI) has raised concerns about the increasing number of “aggressive” attacks by North Korean hackers targeted towards the cryptocurrency industry and companies involved in digital asset investment products. These attacks are not your ordinary cyber threats; they are sophisticated social engineering tactics that even individuals
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
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