Bitcoin’s price has recently skyrocketed above $56,000, reaching almost $57,000 according to CoinGecko’s data. This surge has pushed its market capitalization above $1.1 trillion, marking a significant milestone for the cryptocurrency. Despite already being up over 135% in the past year, many experts believe that Bitcoin is just getting started on a substantial rally that
Crypto
Shiba Inu, the second-largest meme coin by market capitalization, has been experiencing a surge in daily active addresses. This significant increase, surpassing 3,500, reflects a 13% rise and indicates a growing interest in the asset. The uptrend in active addresses could potentially drive up demand for Shiba Inu, which in turn might positively impact its
The recent network outage on Solana, lasting five hours, had a significant impact on investor confidence. This outage was caused by a bug that led to transactions entering an infinite loop, ultimately affecting the network’s functionality. As a result, investment products tied to Solana saw outflows totaling $3 million in just the past week. This
Recent analysis by Bloomberg suggests that Bitcoin ETFs could potentially surpass gold ETFs in terms of assets under management within the next two years. Despite being only six weeks old, Bitcoin ETFs have already attracted over $8 billion in inflows, while gold ETFs have seen a significant decline in assets in recent weeks. As of
Ethereum has been on a significant upward trajectory recently, surpassing key resistance levels and breaking through the $3K mark. This surge in price indicates a prevailing bullish sentiment in the market, with investors setting their sights on the crucial yearly swing high of $3.6K as the next target. Upon closer inspection of the daily chart,
The price of Ethereum (ETH) has been on a relentless upward trajectory, recently hitting a new high of over $3,100. This surge in price comes at a time when most other major cryptocurrencies, such as Bitcoin (BTC), Solana (SOL), and Cardano (ADA), have been relatively stable or showing minor losses in the past 24 hours.
Bitcoin has experienced significant price fluctuations in recent months, surging from under $20,000 to over $50,000 since June 2023. The approval of multiple spot Bitcoin ETFs in the United States played a significant role in driving this price increase. However, despite these developments, retail traders have been largely absent from the market, raising questions about
Recently, a U.S. federal judge approved Binance’s guilty plea and a substantial $4.3 billion settlement for breaching anti-money laundering and sanctions laws through its cryptocurrency exchange. The U.S. Department of Justice (DOJ) had accused Binance of violating the Bank Secrecy Act (BSA), the International Emergency Economic Powers Act (IEEPA), and failing to register as a
The lawsuit between Ripple and the United States Securities and Exchange Commission has been a widely discussed topic in the cryptocurrency industry for quite some time now. The case dates back to December 2020 when the SEC accused Ripple of conducting an unregistered securities offering by raising over $1.3 billion through the sale of XRP
Ethereum recently surpassed the $3,000 mark, experiencing a 4% price increase. However, after hitting this milestone, ETH began a correction, potentially leading to a re-test of the key support level at $2,860. To sustain its bullish momentum, buyers must defend the key support and aim to reclaim the $3,000 mark. Failure to do so could