The act of Tesla CEO Elon Musk’s SpaceX selling its giant Bitcoin (BTC) lump — worth $373M — turned about to be a striking Bitcoin FUD of the day. Amid this, distressing traders and investors, Bitcoin (BTC) dropped to its 2-month low, reaching below the $26,500 level. Notably, according to
BNB Coin (BNB), the native cryptocurrency of Binance, reflects the harsh impact of SEC’s crypto crackdown in its soaring selling pressure. The SEC vs Binance lawsuit succeeded in inducing BNB to plummet by 9.15% — from $306 to $278 — over the past 3 days. In the lawsuit, the US
Investors in digital assets are experiencing a shift in sentiment as fund outflows increased in the week ending May 7, 2023. According to CoinShares’ latest digital asset fund flows weekly report, investment products saw outflows of $54 million, marking the third consecutive week of negative sentiment. Bitcoin was the primary
Shiba Inu (SHIB), the second largest memecoin, witnessed a surge in volume as large buyers took center stage, outpacing the selling pressure. In the past week, bulls marked an extraordinary milestone, with the volume of purchases by influential investors surpassing a staggering 10.25 trillion SHIB. On the contrary, the sales
The recent surge of Dogecoin (DOGE) has captured the cryptocurrency market’s attention. Twitter CEO Elon Musk changed the social media platform’s logo to that of his favourite memecoin, Dogecoin. Musk’s actions have brought even more hype to the already-popular cryptocurrency, which has seen a significant increase in value over the
