Ethereum has been going through a period of sideways consolidation after a drop to the critical support level of $3,000. Currently, the cryptocurrency is trading within a range of $3,000 and $3,700, showing little signs of volatility unless a breakout occurs in either direction. The daily chart analysis reveals Ethereum’s extended consolidation phase after finding
The Avalanche Foundation made waves in the crypto community when it announced its decision to start acquiring meme coins in Q4 of 2023. This move marked the beginning of the foundation’s push to establish itself as a key player in the digital culture space. With a specific focus on animal-themed cryptocurrencies, Avalanche’s initial picks included
Recent research conducted by analysts from CryptoQuant has shed light on the diminishing impact of the 2024 Bitcoin halving on the price of BTC. The highly anticipated halving event, scheduled for this April, is no longer the main driver of bullish momentum in the cryptocurrency market. According to the analytics firm, the influence of the
Bitcoin has recently experienced a decline in price after briefly surpassing the $72,000 mark on April 8. One of the key factors contributing to this price drop is the upcoming release of the March Consumer Price Index (CPI) data on April 10. Market experts anticipate that the report will indicate a rise in overall inflation,
Shiba Inu (SHIB) has recently experienced a price drop, with the token trading at around $0.00002734 at the time of writing. This marks a 3% decline on a daily scale and a 20% drop on a monthly basis. The fluctuating price has left investors uncertain about the future of SHIB, but analysts remain optimistic about
Bitcoin, the undisputed king of cryptocurrencies, has once again taken investors on a wild ride. Just days after surging over the weekend and coming close to surpassing its all-time high, the digital asset has now dipped below the crucial $70,000 mark in the last 24 hours. This sudden correction has left many wondering if the
Fred Thiel, the CEO of America’s largest crypto mining firm, Marathon, expressed his view that the recent approvals of spot Bitcoin ETFs have accelerated what would typically have been the post-halving rally in the market. According to Thiel, the ETF approval has attracted significant capital into the market, leading to an earlier price appreciation than
Gunzilla Games, a prominent video game developer, has recently made waves in the gaming industry by integrating the GUNZ blockchain into the popular NFT marketplace OpenSea. This integration allows players to trade in-game items for Gunzilla’s upcoming first-person battle royale shooter, Off the Grid, as well as for any future games released on the Avalanche-based
In a recent Senate hearing, Senator Tim Scott criticized the current US administration for placing undue focus on digital assets as a means to combat terrorism financing. Scott argued that the administration is making digital assets the “scapegoat” while ignoring more significant sources of funding for terrorism, particularly those benefiting Iran. He pointed out that
The introduction of Bitcoin spot ETFs in the U.S. market has led to significant net inflows of $12.3 billion within the first three months of their launch. This influx of capital has raised questions about the broader impact of these ETFs on the Bitcoin market as a whole. A detailed analysis by Glassnode analyst James