The crypto research platform 10x Research recently highlighted the increase in Bitcoin’s Relative Strength to 40%. They delved into the potential moves that the flagship cryptocurrency might undertake in the near future. In their newsletter titled “Fake Dip?”, 10x Research pointed out that historically, Bitcoin has exhibited possible rallies when its Relative Strength Index (RSI)
Financial technology giant Block, under the leadership of X co-founder Jack Dorsey, recently announced a groundbreaking decision to invest 10% of profits from bitcoin-related products into monthly BTC purchases. In a Q1 2024 earnings report directed at shareholders, Dorsey outlined the rationale behind this move. He emphasized the unique position of bitcoin as the paramount
Coinbase, the leading cryptocurrency exchange in the United States, has recently reported its earnings for the first quarter of 2024. The numbers are truly remarkable, with the company posting a total revenue of $1.6 billion, a substantial 72% increase from the previous quarter. This outstanding performance can be attributed to the surge in cryptocurrency prices
Alexander Vinnik, a Russian national who was behind the operation of the crypto exchange BTC-e, recently pleaded guilty to charges of money laundering conspiracy in the US. BTC-e, once considered one of the largest crypto exchanges globally from 2011 to 2017, was found to have processed transactions worth a staggering $9 billion. According to prosecutors,
In the midst of a general market downturn that saw Bitcoin and Ethereum hit multi-month low prices, Ripple’s XRP managed to remain surprisingly resilient. Despite briefly dropping below $0.50, the token is up 3% on a two-week scale according to CoinGecko’s data. This resilience has caught the attention of analysts who are predicting significant gains
The Bitcoin price recently experienced a significant shift in momentum, with a strong comeback on Friday following a week of bearish pressure. After falling below the $60,000 mark for the first time in almost two months on May 1, the price of BTC managed to recover above $60,000 and even peaked at $63,000 within a
Bitcoin had a rollercoaster week with its price fluctuating wildly. It started positively on Monday morning, pumping to almost $65,000, only to be followed by a steep decline to $62,000 as bears took control of the market. The downward trend continued as Bitcoin slipped below $60,000, hitting a two-month low of $56,500 on Wednesday. Following
Eigenlayer, a prominent project in Ethereum Restaking, is preparing to launch its airdrop for collection on May 10th. BingX Exchange will facilitate the trading of Eigenlayer’s token $EIGEN immediately after. This project has garnered attention as one of the most significant Restaking initiatives on Ethereum in 2024. Benefits of Eigenlayer Eigenlayer sets itself apart by
The recent post-Halving slump of Bitcoin has had a significant impact on the Solana meme coin market, with traders feeling the blues. This sentiment is reflected in the emergence of a new token named Sad Hamster, which has seen its price explode overnight. Despite the depressed market, Sad Hamster has gained impressive traction, with retail
The recent drop in Bitcoin’s price below the $59,000 support level has caused concern in the cryptocurrency market. This price dip led to liquidations in the futures market, prompting analysts to warn of a potential further decline without a market capitulation. While $120 million in liquidated long positions was reported by CryptoQuant, it is important