Investor sentiment plays a crucial role in determining the movement of the Bitcoin price, and the Bitcoin Fear & Greed Index is a key tool in understanding this sentiment. This index categorizes investor sentiment into five major categories – Extreme Fear, Fear, Neutral, Greed, and Extreme Greed, based on a scale of 0-100. Currently, the
HTX, the crypto exchange formerly known as Huobi, has recently resubmitted its application for a Virtual Asset Trading Platform (VATP) license in Hong Kong. This decision comes after the exchange withdrew its initial application, which was filed through its Hong Kong subsidiary Huobi HK on Feb. 20. The withdrawal, which occurred on Feb. 23 without
Shiba Inu, the second-largest meme coin by market capitalization, has been experiencing a surge in daily active addresses. This significant increase, surpassing 3,500, reflects a 13% rise and indicates a growing interest in the asset. The uptrend in active addresses could potentially drive up demand for Shiba Inu, which in turn might positively impact its
The crypto analyst known as Rager recently shared valuable insights with Bitcoin and Ethereum investors, shedding light on the optimal time to go all-in on these two major cryptocurrencies. According to Rager, the “last great opportunity for this cycle” will coincide with the Bitcoin Halving, a key event in the cryptocurrency market. Rager also mentioned
The world of NFTs has been buzzing with the news of the Bored Ape Yacht Club and their iconic game, Dookey Dash. Initially released as an exclusive game for NFT owners only, Dookey Dash took the NFT world by storm last year. However, with the upcoming release of “Unclogged,” a free-to-play version of the game,
The recent network outage on Solana, lasting five hours, had a significant impact on investor confidence. This outage was caused by a bug that led to transactions entering an infinite loop, ultimately affecting the network’s functionality. As a result, investment products tied to Solana saw outflows totaling $3 million in just the past week. This
Recent analysis by Bloomberg suggests that Bitcoin ETFs could potentially surpass gold ETFs in terms of assets under management within the next two years. Despite being only six weeks old, Bitcoin ETFs have already attracted over $8 billion in inflows, while gold ETFs have seen a significant decline in assets in recent weeks. As of
Despite the looming bearish speculations surrounding Bitcoin, Crypto Jelle, a prominent cryptocurrency analyst, has made a bold prediction on social media platform X. He emphasized that the negative sentiments and discussions about potential pullbacks and corrections do not alter the bigger picture for BTC. Jelle’s advice to investors is to “stick to the plan,” as
A group of Senate Republicans, led by Senator Ted Cruz of Texas, is taking legislative steps to restrict the Fed’s capacity to introduce a central bank digital currency (CBDC). This move spotlights the issue as a potential focal point in the 2024 presidential campaign discussions. The proposed bill, named the Central Bank Digital Currency Anti-Surveillance
The cryptocurrency market is constantly evolving, with new and innovative projects emerging every day. One such project that has caught the attention of investors is Scotty the AI ($SCOTTY), a dog-inspired meme coin that is gaining popularity due to its potential for high returns. Unlike established coins like Shiba Inu, Scotty the AI is being