Bitcoin (BTC) witnessed a significant ‘bull versus bear’ momentum throughout May, fluctuating within the $62,000-$70,000 range. Over the past 30 days, this largest cryptocurrency by market cap surged over 13%. As of late May, BTC teased a brief bullish rally to near its all-time high (ATH) while facing multiple hurdles.
Phoenix, USA, 27th May 2024, Chainwire
The cryptocurrency market has recently surged, driven by the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETFs. Among the top performers, Ethereum (ETH) has seen a 30% rise over the past month. However, other cryptocurrencies have also posted impressive gains, with some even surpassing Ethereum’s performance. One standout
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Floki DAO, the decentralized organization behind the popular FLOKI memecoin, has completed the burning of 15.246 billion FLOKI tokens. This decision follows an overwhelming vote from the community, with 99% of the participants favoring the burn. The proposal to reduce the token supply, put forth on May 13, 2024, aimed
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Currently, the BEFE Coin has captured the spotlight, with analysts forecasting that this massive jump—from $100 to $200,000—will propel the cryptocurrency to new heights. Such an exceptional prospect attracts investors worldwide since the crypto memecoin space is usually fast-changing and reaching an unprecedented turning point. Let’s take a deeper look
As the cryptocurrency landscape evolves, investors are keenly watching new developments across various tokens. BNB Chain’s Airdrop Alliance Chapter 2 promises enticing rewards, and Shiba Inu (SHIB) is on the brink of a potential 20% surge if key resistance levels are broken. However, BlockDAG is making the most significant waves
Cardano (ADA), has seen an incredible surge in value today. The ADA price has risen over $0.49 level due to the most recent spike. Therefore, after initially losing money due to the ongoing falls, Cardano addresses holding a total of 2.71 billion tokens have now achieved break even. At the
Bloomberg’s senior ETF analyst Eric Balchunas claims that the withdrawals from spot bitcoin ETFs last month were compensated for by the inflows in May. Balchunas stated: “The bitcoin ETFs have put together a solid two weeks with $1.3 billion in inflows, which offsets the entirety of the negative flows in
