The recent market-wide crash in the cryptocurrency space has brought the Bitcoin price below $60,000, triggering a 20% decline. This has exposed crucial support levels for Bitcoin, with the most significant support now identified at $51,800 by the crypto analyst Norok. According to Norok, this support level, last seen in December 2023, is essential for
The current state of the crypto market is experiencing a significant pullback, driven primarily by the frenzy surrounding meme coins and the excitement over the launch of spot Bitcoin ETFs. Economist and trader Alex Krüger recently shared his perspective on the unusual crypto market cycle that has unfolded. He noted that meme coins have taken
In the last 24 hours, the meme coin Dogecoin ($DOGE) has experienced a 7% increase in value, positioning it as one of the quickest recovering cryptocurrencies after a recent market crash. Despite this recovery, DOGE is still trading at $0.1317, which reflects a 12% decrease from its value a week ago. On the other hand,
Fintech giant Block, which encompasses Square and Cash App, is facing intense scrutiny from federal prosecutors in the Southern District of New York. This investigation stems from allegations of significant compliance failures within the company. These compliance failures were brought to light by a former employee who disclosed lapses in the company’s transaction monitoring systems.
Bitcoin, the world’s largest digital asset, recently broke below the $60,000 support level for the first time in two months. This decline comes after several months of euphoria in the market, particularly driven by the launch of Spot Bitcoin ETFs in the US. However, a new report from Glassnode suggests that this euphoria may be
Meme coins, a subset of cryptocurrencies that are based on internet memes and jokes, have been experiencing a tumultuous period in the market. Recently, the market capitalization of meme coins has plummeted below the $50 billion mark, signaling a significant decline in interest and value. This decline has been particularly pronounced in some of the
The recent market crash has caused chaos in the cryptocurrency space, with Arweave (AR) token taking a significant hit of 18.7% overnight. This steep decline has placed Arweave at a price of $27.76, reflecting a 7-day loss of 18.1%. The sudden crash indicates a major sell-off that occurred within the last 24 hours, causing panic
In a surprising turn of events, former Binance CEO Changpeng Zhao emphasized the crucial importance of compliance in the crypto industry. This statement comes after Zhao was sentenced to four months in prison for violating US compliance regulations. Despite his legal troubles, Zhao acknowledged the significance of adhering to regulatory standards in the ever-evolving crypto
The cryptocurrency market has been experiencing a significant correction in recent weeks, with prices plummeting and market capitalization taking a hit. Bitcoin, the leading digital asset, saw its price drop below $57,000 for the first time in months. Despite this downturn, some investors see this as an opportunity to buy the dip. Google Trends data
Animoca Brands has recently announced its strategic move to enter the Bitcoin ecosystem through the utilization of the Opal Protocol. The Opal Protocol, a decentralized ecosystem protocol built on Bitcoin and powered by BLIF, aims to create a comprehensive Web3 ecosystem that encompasses various sectors such as gaming, entertainment, DeFi, education, and culture. In collaboration