Bitcoin set a new all-time high price of $73,750 at the beginning of 2024, marking an incredible 73% gain in the first quarter of the year. Despite a subsequent decline in the value, the biggest stakeholders in Bitcoin have shown a consistent trend of accumulation throughout the first three months of the year. This accumulation
The Bitcoin halving event occurs approximately every four years and is designed to slow down the production of new BTC. By doing so, the goal is to ensure that the final BTC will be mined over a span of more than a hundred years. With over 19.6 million Bitcoins already in circulation, the reduction in
The world of cryptocurrency is constantly evolving, with new meme coins emerging as potential investment opportunities. Dogecoin (DOGE) may remain the undisputed king of the meme coins, but investors are now turning their attention to an exciting new player in the market – Sponge (SPONGE). With the potential for significant returns, Sponge is gaining popularity
FTX’s recent decision to sell its Solana holdings at a significant discount to crypto venture firms has not been well-received by its creditors. The move to offload 30 million SOL at a rate of $64 each, to VC firms like Pantera Capital and Galaxy Trading, represents a substantial 62% markdown from the current market price
Ethena Labs recently announced the incorporation of Bitcoin (BTC) as backing into their synthetic dollar-pegged offering, USDe. This strategic move aims to scale USDe’s supply beyond its current $2 billion mark. By highlighting the importance of BTC as a backing asset, Ethena Labs is looking to leverage BTC’s superior liquidity and scalability for delta hedging
Cardano (ADA) has once again captured the attention of cryptocurrency analysts, with a particular focus on its future trajectory. In a recent analysis, crypto analyst Alan Santana has presented a bearish narrative for the crypto token, suggesting that ADA’s price could potentially experience a significant drop. Santana pointed out that ADA’s recent breakout below the
Short-term Bitcoin holders have been actively accumulating Bitcoin since December 2023, with over 1.2 million BTC being acquired. The surge in interest can be attributed to various factors, such as the launch of Spot Bitcoin ETFs in the US, which garnered significant attention from investors. This increased interest has led to a bullish period for
Binance has recently announced that its NFT marketplace will no longer support Bitcoin Ordinal NFTs after April 18. This decision marks a significant change for users who will no longer be able to buy, deposit, bid on, or list these unique digital assets on the platform. The move to discontinue support for Bitcoin Ordinals comes
In 2024, the cryptocurrency market is filled with opportunities and risks. XRP (XRP) has been struggling to gain traction, with its value decreasing by 22% from recent highs. This downturn has caused XRP holders to seek alternative options, leading them to the promising eco-friendly AI crypto known as eTukTuk (TUK). With the potential for 50x
There has been a recent surge in optimism surrounding the price of Bitcoin, with some analysts predicting that it will skyrocket to $1 million in the near future. Pseudonymous crypto analyst PlanB is one of those making bold claims, stating that Bitcoin hitting $100,000 this year is inevitable, with $1 million being a huge possibility