The past trading week has been nothing short of impressive for Bitcoin ETFs, with over $500 million flowing into the largest US-based products. Despite a rough start at the beginning of the month, where losses of over $550 million were recorded in just three days, both the inflows and the cryptocurrency’s price began to recover
The recent data from onchain analytics platform Glassnode indicates that Ethereum (ETH) may have already hit its lowest pricing level, suggesting that the crypto token is on its way to a new all-time high (ATH). The market value to realized value (MVRV) metric for Ethereum is currently at $1,687, signaling that the bottom may be
Cardano, one of the most talked-about cryptocurrencies in the market, has made an announcement regarding the delay of its highly anticipated Chang hardfork. This unexpected news has stirred up discussions in the crypto community and has raised questions about the reasons behind this decision. According to the latest update, Cardano’s founder, Charles Hoskinson, confirmed the
In the wake of Pavel Durov’s controversial arrest in France, a wave of support from celebrities and well-known public figures has emerged. Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson are among those who have voiced their support for the Telegram CEO. The arrest, reportedly linked to moderation issues with the messaging app
Samuel Edyme, also known by his nickname HIM-buktu, is not your average web3 content writer. His foray into the world of cryptocurrency was not marked by a triumphant investment, but rather by a scam that roped him in. Instead of being discouraged, Edyme emerged from this experience as a wiser and more determined individual. He
Bitcoin experienced a significant spike of over 6% following Federal Reserve Chairman Jerome Powell’s recent announcement regarding potential policy adjustments and a hinted 25bps rate cut at the next meeting in September. This unexpected news has brought about increased volatility in Bitcoin prices in recent weeks. Despite the market’s unpredictability, on-chain data from CryptoQuant is
The US Securities and Exchange Commission has pushed back against Hex founder Richard Heart’s attempt to have its $1 billion securities fraud lawsuit dismissed, asserting that it has jurisdiction over the case. In its opposition brief filed in a New York federal court, the SEC argued that Heart’s motion to dismiss failed to address the
The recent shift in Federal Reserve interest rates is causing waves in the cryptocurrency market. As the central bank signals a regime of interest rate cuts, the impact on digital assets with hard supply caps is becoming more apparent. This article will analyze how the changing interest rate landscape could drive up prices for certain
Bitcoin’s recent crash below $50,000 on August 5 took the crypto market by storm, causing a cascade of losses across various cryptocurrencies. While the market has since bounced back, many short-term holders are still grappling with unrealized losses. Short-term holders, defined as investors who hold onto their assets for a brief period, are quick to
Cardano (ADA) has recently been labeled as a “dinosaur coin” by many in the crypto community. However, a recent video chart analysis by XForceGlobal (@XForceGlobal) suggests that ADA may be on the brink of a strong upward phase, akin to what Solana (SOL) experienced earlier this year. This analysis delves into the Elliott Wave cycle