The focus on the crypto market currently shifted towards anticipation surrounding spot Ethereum ETFs. Analysts predict initial inflows of up to $15 billion, sparking interest and speculation across the market. But the market has been fluctuating, with Ethereum experiencing a significant sell-off on Monday followed by a swift recovery on
In tandem with the crypto market decline, the sales volume of non-fungible tokens (NFTs) fell by 45 percent from the previous quarter. NFT sales continued their increasing trend from the fourth quarter of 2023, reaching $4.1 billion in the first quarter of 2024, according to statistics from CryptoSlam. The volume
In the past month, Bitcoin’s price momentum has been fluctuating between $71K and $59K. It is not potentially on the uptrend but has experienced a slight increase of 0.18% within the last 24 hours. BTC’s price was struggling to break the $65K level for a long time. At press time,
US-based leading investment firm and ETF issuer VanEck made an announcement to waive fees for spot ETH ETFs in the initial trading phase. The firm stated that it would not charge fees until an unspecified time in 2025. VanEck was one of the eight issuers approved by the SEC in
People living in the US may soon be able to use Bitcoin (BTC) and other cryptocurrencies to pay their federal taxes. It has been proposed by US Congressman Matt Gaetz that citizens of the United States be able to pay their federal income taxes using Bitcoin. Among the Bitcoin Marxists,
Strike, the Bitcoin payment app led by Jack Mallers, has taken a giant stride forward with its introduction in the United Kingdom. Aiming to increase Bitcoin’s accessibility and popularity in one of the world’s biggest economies, this expansion is a smart step. The launch of Strike in the United Kingdom
Ethereum’s (ETH) price action over the past week saw a dip to $3,259, raising fears of a decline below $3,000. However, ETH managed to find support and is currently trading at $3,375, having risen by 1.93% within the past 24 hours. Despite this recent uptick, ETH is down 10.30% over
Donald Trump, who recently referred to himself as the “crypto president,” publicizing his support for cryptocurrencies, is running to be the president of the United States of America in the US Presidential Elections set to be held on Tuesday, November 5, 2024. Hence, major crypto analysts have highlighted altcoins such
The crypto market struggles to hold its ground as bears dominate. Dipping to the $62K range, Bitcoin (BTC) tumbles under strong selling pressure. This state has blocked bullish corrections among the altcoins. The global crypto market cap has declined by 3.09% in the last 24 hours. The price dipped by
Top cryptocurrencies are facing tough times, while traditional assets like the NASDAQ are growing. What’s causing the chaos? Today, the cryptocurrency market is displaying a significant downturn, with major altcoins witnessing sharp declines. The global crypto market capitalization has decreased by 3.38% to $2.27 trillion. This drop has been largely
