Bitcoin has achieved its second-highest weekly close ever, with massive ETF inflows emerging as a major bullish catalyst amidst being stuck in a bearish trap. On June 7, the Bitcoin price surged to $71,833, its highest price since May 21. However, it failed to reach the $72,000 resistance level due
Ethereum has been one of the most talked-about cryptocurrencies this year, especially with its roller-coaster performance and the recent ETF approval green light. Starting the year trading at $2,352, Ethereum saw a significant rise to $4,093 in March, a level not reached since 2021. However, by May 1, the price
The Ethereum rollup-based layer-2 network Arbitrum’s development team, the Arbitrum Foundation, has pledged a large portion of its resources to fostering the gaming industry’s growth inside its ecosystem. The proposition allocates 225 million Arbitrum (ARB) tokens, with a market value of around $215 million, to be dispersed over a period
It seems that sellers may be fleeing the market as some cryptocurrency exchanges have seen a substantial outflow of Bitcoin (BTC) from their platforms in the last few weeks. Technical expert Ali Martinez reports that during the last week, users withdrew 22,647 Bitcoin from various cryptocurrency exchanges. If this number
Binance, a cryptocurrency exchange, revealed that its user base has reached 200 million people throughout the world. With the price of Bitcoin and altcoins reaching new highs, web3 use has been soaring, and this milestone follows on the heels of that. Despite regulatory challenges in some locations, Binance continues to
A number of exchange-traded fund (ETF) managers have just signed new revenue-sharing agreements with Fidelity Investments, marking a major step forward for the ETF industry. This move is part of Fidelity’s aim to strengthen its position in this competitive sector and comes at a time when investor interest in ETFs
While the global crypto market is displaying a sea of red across all the cryptocurrencies, Wormhole (W), the cross-chain messaging protocol, has seen its price climb by over 12.16% in the last 24 hours, rising from $0.6356 to $0.7616. This surge marks the third consecutive day of gains for Wormhole.
Bitcoin (BTC) displayed a significant pullback today, flipping its earlier gains and hardly maintaining a week-over-week increase. On Friday the cryptocurrency briefly teased an all-time high in the $71,918 range before retreating in U.S. trading, with its price standing at $68,507, down 4.74% in the past 24 hours. This decline
The BRICS nations are moving on with their plan of currency sufficiency scheme by exploring the possibility of creating their own autonomous payment system. Amelia, a crypto aficionado, was the first to notice a research paper claiming that Russian President Vladimir Putin had declared the bloc’s alternative currency plan to
In May, the largest amount since February 2022—the total value locked (TVL) in decentralized finance (DeFi) applications—reached $192 billion, according to a report by blockchain analytics company DappRadar. There was a 21% drop in the number of distinct active wallets using DeFi, even though TVL increased. May saw a 17%
