After reaching a high of $71,000 following the Ethereum ETF approval news, the price of Bitcoin has since cooled off. The premier cryptocurrency witnessed a correction to $67,000 and seems to be consolidating in this range. It’s essential to monitor the market closely to see if this consolidation will lead to further price movements. Bitcoin
The recent approval of the Ethereum Spot ETF has sparked discussions around its potential performance in comparison to Bitcoin-based ETFs. According to Bloomberg ETF analyst James Seyffart, the Ethereum spot ETFs are expected to attract only 25% of the demand seen by their Bitcoin counterparts. This prediction is based on various factors, including significant differences
Fourteen years ago, the value of 10,000 bitcoins (BTC) was equivalent to just two pizza boxes. This iconic moment is celebrated on Bitcoin Pizza Day, which falls on May 22. The day commemorates when programmer and early BTC adopter Laszlo Hanyecz purchased two Papa John’s pizzas for 10,000 BTC in 2010. At that time, the
Bitcoin had a rollercoaster week, experiencing both gains and losses driven by hype surrounding the approval of spot Ethereum ETFs in the United States. The week started off with Bitcoin struggling to maintain its value above $66,000, slipping beneath this level on multiple occasions. However, the highlight of the week came on Monday when news
The cryptocurrency market has been experiencing a concerning trend with the emergence of tokens launching with high valuations and limited initial circulating supply. This practice has raised questions about the sustainability of potential gains for traders following the token generation event (TGE). Recent research from Binance has shed light on this issue, revealing a growing
A recent incident has shed light on the illegal activities taking place on the dark web. A Taiwanese national, Rui-Siang Lin, has been accused of running a darknet drug marketplace called Incognito Market. This platform has facilitated transactions amounting to over $100 million in cryptocurrencies by selling dangerous substances like fentanyl. Lin, operating under the
The recent approval by the United States Securities and Exchange Commission (SEC) of Ethereum exchange-traded funds (ETF) has sparked excitement in the investment community. This approval comes at a time when the Bitcoin spot ETF market is also experiencing a resurgence, with positive inflows for the second consecutive week. This shift in investor confidence over
Recently, OKX announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. This decision was made in compliance with regulatory requirements, with the exchange citing the withdrawal of its virtual asset service provider (VASP) license application as the reason behind this move. Despite stating that
The team behind the Mollars token presale & project have just released an interesting report via their official X profile. It had already been reported that the “MOLLARS” brand is seeing search volumes from crypto traders that are rivaling Bonk Inu (BONK) and Pepe (PEPE) tokens. Now data from an investor of the new store-of-value
After the much-anticipated Bitcoin halving in April, the cryptocurrency market has been closely watching for signs of a major price breakout for Bitcoin. While there was a brief surge in price to $71,443 last week, Bitcoin soon experienced a retracement, dropping to as low as $66,936. Renowned analyst Rekt Capital has offered some interesting insights