Next week’s key events, such as US employment statistics, are keenly anticipated by the crypto market. As the employment numbers would solidify bets on the anticipated Fed rate cuts, they would be one of the most eagerly awaited pieces of data for next week. Additionally, it would affect the future
Bitcoin, the world’s largest cryptocurrency, recently plummeted to a two-week low of $57,701, with its price fluctuating between $57,768 and $59,896. Over the past seven days, Bitcoin has seen a 7% decline, while its 24-hour trading volume has decreased by 9%. This downward trend has sparked concern within the crypto
As the cryptocurrency market heats up, all eyes are on ETFSwap (ETFS), a new ICO that’s stirring up excitement among analysts and investors alike. With predictions of monumental returns and whispers of millionaire-making potential, ETFSwap (ETFS) is quickly becoming the hottest ticket in this bull run. Why Analysts Are Betting
There has been a new supply low in the quantity of Bitcoin held on cryptocurrency exchanges. Which may be the impetus Bitcoin needs to reclaim the $60,000 mark. According to an analyst at CryptoQuant, on August 29, Bitcoin reserves on exchanges reached new lows for the year. Which might mean
Mudrex, a Bengaluru-based cryptocurrency exchange, sought legal recourse after approximately 15 individuals complained about being defrauded. These complaints involved websites impersonating Mudrex.The Indian Court has ordered the Ministry of Communication to shut down 38 scam websites. These websites were exploiting the name of cryptocurrency exchange Mudrex. The court’s decision came
Bitcoin layer 2 network, Stacks, has captured community attention with its latest Nakamoto upgrade, designed to accelerate transaction speeds. Despite this significant development, the Stacks native token (STX) has seen a 6% decline in the past 24 hours, alongside a 10% drop in trading volume. The Nakamoto upgrade, named after
Bitcoin has been under heavy bearish pressure over the past three days, hitting a 12-day low of $57,860 yesterday. Currently trading at $59,978 with a 0.19% decline, Bitcoin’s trading volume is down by 24%. Over the past month, the cryptocurrency has seen a 14% decline. Amid this downturn, significant whale
The second largest cryptocurrency, Ethereum, in an interesting turn of events, halted its price declines. The altcoin showed a price recovery following its recent brief price dip. Meanwhile, the overall cryptocurrency market has reverted to bullish after Wednesday’s price decline. Bitcoin, however, still remains below the $60K level. Notably, Ethereum’s
Bitwise Asset Management has announced its intention to acquire the Osprey Bitcoin Trust (OBTC) within the Bitcoin exchange-traded fund (ETF) market. This acquisition, revealed in a press release on Tuesday, will see Bitwise integrate Osprey’s $120 million in assets into its own Bitwise BTC ETF (BITB). As part of the
In August 2024, following substantial declines, Bitcoin and Ethereum entered a prolonged period of sideways oscillation. As the market needed new stimuli, meme coins once again became the focus of investors. In the past two weeks, the meme market has been exceptionally hot. Inspired by rags-to-riches stories, a large amount
