Traders wonder why Bitcoin (BTC) crashed during the week after reclaiming the $70,000 region. As experts investigate BTC’s dip, investors gravitate towards Ethereum decentralized exchange platforms Aave (AAVE) and RCO Finance (RCOF), which exude a promising outlook. Let’s find out why the price of BTC is down and why traders
The cryptocurrency market experienced a significant downturn yesterday, dropping below the $49.5K mark and hitting a six-month low. Despite the slump, wallets holding between 1,000 and 10,000 BTC displayed confidence by consistently increasing their holdings as prices fell. Conversely, wallets with less than 1 BTC demonstrated weak hands, showing the
Mt. Gox has taken significant steps to resolve the aftermath of its infamous 2014 hack. In the past 6 hours, the defunct crypto exchange has moved a substantial amount of Bitcoin, signaling the final phases of creditor repayments. According to the blockchain analytics firm Arkham Intelligence, the exchange transferred 33,964
Hong Kong, Hong Kong, 25th July 2024, Chainwire
Senator Cynthia Lummis of Wyoming is reportedly preparing to unveil groundbreaking legislation at the upcoming Bitcoin 2024 conference in Nashville, aiming to elevate Bitcoin to a strategic reserve asset on par with gold. This move could change U.S. monetary policy and significantly elevate Bitcoin’s status in the financial landscape. The
In this Ethereum Name Service (ENS) price prediction 2024, 2025-2030, we will analyze the price patterns of ENS by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Ethereum Name Service (ENS) Current Market Status What is Ethereum Name Service (ENS)?
Ferrari is extending its cryptocurrency payment options to its European dealer network this month, following a successful U.S. launch. The luxury sports car manufacturer will broaden this initiative to other international markets where cryptocurrencies are legally accepted, according to a Reuters report. The Italian automaker initially introduced crypto payments in
The global cryptocurrency market continues to showcase strong activity, with institutional investments and significant transactions involving Tether’s stablecoin, USDT. Cumberland, a prominent player in the crypto space, has injected substantial funds into major exchanges, signifying renewed market momentum. According to Lookonchain, over the past 40 hours, Cumberland has received a
Former President Donald Trump has announced plans to release a fourth NFT collection, as per an interview published Tuesday in Bloomberg Businessweek. Trump highlighted the success of his previous NFT ventures, noting that all 45,000 cards sold out in a day across three separate collections. “The whole thing sold out…
Bitcoin has shown robust performance following a prolonged bearish phase, reaching a 25-day high of $64,994 recently, surpassing the $64,000 resistance level. Notably, earlier this month, it hit a five-month low of $53,485. Currently, Bitcoin is trading at $63,746.55, marking a 1.8% increase over the past 24 hours, accompanied by
