Bitcoin (BTC) experienced a significant rally last week, surpassing $44,000. However, the digital asset encountered strong resistance at nearly $45,000 and subsequently witnessed a price retracement. Analysts at market analytics platform CryptoQuant attribute this pullback to profit-taking activities by a specific group of investors. Yonsei, an analyst at CryptoQuant, conducted an analysis of on-chain data
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The recent surge of Bonk Inu (BONK) in the cryptocurrency market has caught the attention of Arthur Hayes, the co-founder of BitMEX. Hayes took to Twitter to commend the memecoin’s impressive valuation performance, showcasing a chart that depicted its rapid price swings. Going a step further, he envisioned Bonk Inu surpassing Shiba Inu (SHIB) and
Bitcoin has displayed an impressive rally this year, with its price surging by approximately 150% since January 1. This remarkable performance has led many experts and analysts to contemplate whether the cryptocurrency has the potential to reach the coveted $100,000 mark. One such believer is DonAlt, the prominent figure behind the popular YouTube channel Technical
Cryptocurrency markets have witnessed a recent surge, and this momentum has spilled over into the realm of decentralized finance (DeFi). Historically, decentralized exchanges (DEX) have lagged behind their centralized counterparts (CEX) in terms of trading volume. However, the market rally has breathed new life into DEXs, although at a slightly slower pace. Platforms like Uniswap,
In a recent press release, the United States Department of Justice (DOJ) has unveiled the shocking details of a sophisticated crypto Ponzi scheme that defrauded unsuspecting investors of approximately $25 million. This audacious fraud involved two individuals, David Gilbert Saffron of Australia and Vincent Anthony Mazzotta Jr. of California, who shamelessly marketed their fraudulent crypto
In the year 2023, Ethereum’s native cryptocurrency, Ether (ETH), has made an impressive recovery after the devastating losses experienced in 2022. According to data from CoinGecko, ETH has reached a price point of around $2,400, although it still trails behind its all-time high of over $4,800 achieved in November 2021. The recent uptrend in ETH
Bitcoin made an attempt to break the $43,000 level over the weekend, but its efforts were short-lived as the cryptocurrency failed to sustain its momentum. After reaching a new 19-month peak on Saturday, bitcoin started retracing slowly on Sunday. However, Monday saw a significant drop of $3,000, bringing its price to just under $41,000. The
The cryptocurrency industry experienced a significant reduction in hack volumes in 2023, according to a research conducted by TRM Labs. The study reveals a more than 50% decrease in the total value stolen compared to the previous year. In this article, we will analyze the key findings of the research and explore the factors contributing
Tether, the company responsible for the largest stablecoin, has recently released two letters that were sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. These letters were specifically addressed to Senator Cynthia Lummis and Representative French Hill, both of whom have raised concerns about the alleged use
The rise of cryptocurrency exchange-traded funds (ETFs) has become a trend this season, with numerous traditional finance companies seeking regulatory approval to introduce more options to the market. First Trust, an asset management firm, is joining the fray by applying to create a Bitcoin Buffer ETF. This unique product aims to help investors protect themselves