The Bitcoin market is known for its extreme volatility, with the price of the cryptocurrency fluctuating wildly from month to month. Investors and analysts closely monitor the monthly performance of Bitcoin in an attempt to predict its next move based on historical data. As August comes to a close, Bitcoin investors are reflecting on a
Ethereum has been facing significant selling pressure, much like other altcoins in the market. Despite some moments of strength, particularly after the sell-off in early August, prices have failed to break above $2,800. However, one positive sign on the daily chart is the resilience shown by the bulls. Despite the continuous lower lows, buyers have
In recent times, there has been a noticeable shift in the Layer 2 network sector, with Base, an Ethereum Layer 2 network incubated by Coinbase, making significant strides. According to data from IntoTheBlock, Base currently has nearly 40% more daily active addresses than the combined total of competing Layer 2 networks like Arbitrum and Optimism.
Bitcoin experienced a significant drop recently, falling from $59,600 to $56,300. However, the bulls quickly intervened and prevented further downward momentum. The cryptocurrency then entered a period of consolidation, hovering around $60,000 over the weekend. This stability was short-lived, as bitcoin underwent another retracement, dropping to $58,000 at the start of the week. Despite this
The Indian government is gearing up to implement comprehensive regulations for the crypto sector, signaling a significant shift in its approach. Reports from local media outlets suggest that the first step in this process will involve releasing a consultation paper to gather feedback from stakeholders. This initiative underscores the government’s dedication to establishing a regulatory
Coinbase, a popular crypto exchange, recently announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The migration from MATIC to POL is set to begin on Aug. 26, with Coinbase facilitating the process for its users in the coming months. During the
The recent analysis by technical analyst Willy Woo highlighted some important trends in the Bitcoin market. He pointed out that a significant amount of Bitcoin had been moved from exchanges due to selling by governments and distributions from Mt. Gox, leading to a bearish trend. The influx of paper Bitcoin through derivatives like futures and
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His
Ronaldo is a seasoned crypto enthusiast who has spent over five years immersing himself in the world of cryptocurrencies. His journey began with a spark of curiosity, leading him to develop a deep passion for understanding the complexities of this groundbreaking technology. One of Ronaldo’s key areas of expertise lies in technical analysis. He firmly
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