The cryptocurrency market is experiencing significant turbulence as altcoins face a sharp downturn while Bitcoin remains relatively stable. Despite Bitcoin trading below $66K, altcoins have suffered substantial losses, erasing gains from the March rally. The Market sentiment remains bearish, with calls for near altcoin season dwindling. Several factors contribute to
Bitcoin and Ethereum have shown brief upsurges in price, fueled by the US CPI data release. Other altcoins have begun to show recovery after the past week’s price dip. Solana (SOL), has shown a daily increase in its price after its recent weekly dip. Notably, the token’s market price increased
Despite a 4.23% drop in Shiba Inu’s price, the memecoin displayed a 2,800% rally in its burn rate over the past 24 hours, removing nearly 8 million tokens from circulation. More than half of this amount was burned in a single transaction about 21 hours ago. The burning mechanism will
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
Recent price patterns indicate that ADA bulls are aiming for a big breakout, as the price of Cardano (ADA) pushed over the $0.46 barrier on Thursday, June 6, increasing by 6% during the weekly period. Due to the unfavorable effects on the competing Proof-of-Stake network caused by the initial approval
An early Shiba Inu whale address that had been dormant for 2.6 years has suddenly sprung back to life, purchasing a staggering 323 billion SHIB tokens using wrapped Ethereum (WETH) in a span of just three hours. The blockchain surveillance platform Spot on Chain was the first to bring attention
In the rollercoaster world of digital currencies, two coins paint contrasting pictures. Toncoin has enjoyed a modest 3% boost following Telegram’s unveiling of a new digital currency, STARS, igniting interest from developers and investors. Conversely, Shiba Inu has seen a dip, falling by 1.68% amid broader market downturns. Amidst these
The overall crypto market witnessed key moments in May 2024. While the market witnessed price hikes, the SAB 101’s veto caused obstacles. Cryptocurrency has also played a crucial role within the US political landscape which fueled further events. Besides, with multiple crypto crimes and significant arrests the month has been
Bitcoin began June on a dull note, entering the bearish zone and dropping below $67.5K. However, over the past 24 hours, it has shown signs of a slow recovery. The lowest and highest prices today ranged between $67,315.53 and $68,743.08. Currently, Bitcoin is trading at $68,688.70, reflecting a 1.43% price
Dogecoin whales have stirred the market once more, amassing an impressive 822 million DOGE to their collections. At the same time, PEPE’s valuation has surged, securing its position among the elite meme coins. Amidst these waves, BlockDAG has carved out its niche with a $38 million presale success, credited to
