In the third week of April, the cryptocurrency market continues to correct, influenced by tensions in the Middle East and anxiety surrounding Bitcoin‘s halving event. During Asian trading hours on Tuesday, Bitcoin (BTC) and Ethereum (ETH) experienced a decline of around 1.5%, reaching prices of $62,530 and $3,055 respectively. Additionally, notable altcoins such as Solana … Read more
The cost of Bitcoin (BTC) transaction fees reached an all-time high of $11 million in a day due to heightened network usage as the much-anticipated Halving approaches. Users are hurriedly processing their transactions in preparation for this event, which is predicted to take place in just a few days. BTC Hash Rate Surges Ahead Of … Read more
Bitcoins (BTC) are often subject to misunderstandings, particularly regarding their place in the larger financial market. Lately, CNBC’s Squawk Box host Andrew Ross Sorkin raised a query to the public: Why did Bitcoin decline over the weekend, given its reputation as a shield against inflation and a valuable store? In response to the query, Bitcoin … Read more
Ethereum has been struggling to maintain its leading position among other cryptocurrencies in the market. The bearish trend affecting the entire cryptocurrency sector has particularly impacted ETH. In the past month, Ethereum experienced a decline of over 11%, suggesting it is losing steam compared to Bitcoin. As the Bitcoin halving event approaches in April 2024, … Read more
In about three days, the Bitcoin network will undergo a technical process called halving, which cuts in half the number of new Bitcoins generated with each block mined, thereby decreasing the total circulation supply by roughly 50%. According to Oklink’s latest update, we are now three days and fifteen hours away from the next Bitcoin … Read more
Cardano is frequently overlooked because of its complexities and exclusive community. Yet, taking the time to explore it could reveal distinct attributes that set it apart. Each of these features offers something noteworthy. Multiple swaps on multiple DEXes in one transaction Exchanging tokens is a fundamental function, yet Cardano has advanced it with an innovative … Read more
During a massive cryptocurrency market sell-off, the path of Ethereum‘s price has become a topic of great interest for traders and analysts. Simultaneously, the drop in Bitcoin‘s price has intensified the downturn in the larger crypto market. Significantly, during heated debates about possible drops, important resistance points become vital markers for investors’ moods and predicted … Read more
In the early hours of the US trading day, the cryptocurrency market experienced another unexpected selloff, resulting in over $30 million worth of trades being liquidated within an hour. The price of Bitcoin dipped from $63,340 down to a low of $61,600, representing a 6% decrease in value for the day. The cost of Ethereum … Read more
Over the weekend, tensions in the Middle East caused significant turbulence in the cryptocurrency markets. The situation arose when Iran responded to the bombing of its embassy in Syria with drone and missile strikes against Israel. These actions heightened concerns about potential conflict in the region, leading investors to seek out safe-haven assets for protection … Read more
The cryptocurrency based on the Shiba Inu dog theme, SHIB, has experienced a significant surge in its destruction rate, rising by over fourfold (489%). Based on data from the Shibburn X report, approximately 19.35 million SHIB tokens were eliminated from circulation in the past 24 hours, representing a substantial increase of 489.87% in the token … Read more