The recent performance of Bitcoin in the crypto market has not been impressive, with the leading cryptocurrency struggling to maintain its position. This downward trend has also affected other large-cap assets, indicating a general decline in market sentiment. The price action data suggests that Bitcoin is currently not in a safe zone, as there is
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. Recently, the trial phase began, with the regulator initially seeking a $2 billion penalty. However, the latest proposal from the SEC is a significantly reduced $102.6 million fine, while Ripple argues for a fine not exceeding $10
The 24-hour trading volume of Tether (USDT) on the TRON network has skyrocketed to an impressive $53 billion, exceeding the average daily trading volume of payment giant Visa, which stood at $42 billion for the first quarter of 2024. This noteworthy achievement showcases the rapid growth and adoption of TRON-based USDT in the crypto market.
Standard Chartered, a renowned British multinational bank, has recently announced its plans to launch a trading desk for Bitcoin and Ether. This groundbreaking development sets the bank apart as one of the first global institutions to venture into spot cryptocurrency trading. The decision comes after Standard Chartered’s prolonged engagement with various entities in the digital
The recent surge in political-themed meme coins, such as Super Trump (STRUMP) and Maga Hat (MAGA), has garnered attention from the crypto community. These tokens have become speculative assets as the United States presidential debate approaches, leading to significant volatility in their prices. Analysts have warned that these meme coins could witness dramatic rises and
Bitcoin is currently experiencing a significant decline, dropping below the $64,000 mark to a low of $63,564. This decrease represents a 2.5% drop in the last 24 hours and an overall 12% decline over the past two weeks. This downward trend has caused concern among investors and analysts. Amidst the decline, Arthur Hayes, the co-founder
Ripple is facing legal challenges as a US judge in California has given the green light to a lawsuit against the company. The lawsuit alleges that the CEO of Ripple, Brad Garlinghouse, made misleading statements that may have led investors to invest in the digital asset XRP. The case is set to go to trial,
In the realm of cryptocurrency market trends, Bitcoin has always been a significant player, often setting the tone for other digital assets. However, a recent shift has been observed in the behavior of long-term holders of Bitcoin and Ethereum. While Bitcoin holders have been liquidating their positions since January, Ethereum holders have been on a
Bitcoin’s price movements have once again failed to impress as the asset faced strong resistance at $66,400 and plummeted towards $64,000 for the third time in one week. This downward trend has not only affected Bitcoin but also spilled over into the altcoin market, with several coins experiencing significant losses, particularly in the meme coin
The recent Bitcoin price crash below $66,000 has sent shockwaves throughout the market, resulting in over $90 million in liquidations within a 24-hour period. However, many analysts are warning that the worst may not be over yet. One notable crypto analyst, Ali Martinez, has expressed a particularly bearish viewpoint on the situation. Martinez predicts that