New data from the Consumer Price Index (CPI) showed higher-than-anticipated inflation rates in the US. This surprise finding suggests a strong upward trend in prices, which could lead the Federal Reserve to make bold moves in their upcoming monetary policies. In response, Bitcoin and cryptocurrencies experienced a sharp decline. The price of Bitcoin dipped by … Read more
An significant event transpired in the cryptocurrency realm when an unidentified Bitcoin billionaire carried out a succession of substantial transactions. The wealthy individual transferred 800 BTC, or approximately $54.6 million, into Binance immediately following the dissemination of March’s Consumer Price Index (CPI) inflation figures. This action, executed mere minutes after the data was made public, … Read more
Bears remain more powreful than bulls, according to CoinMarketCap. XRP/USD The rate of XRP has declined by 4.24% over the last 24 hours. In the hourly timeframe, XRP‘s price sits comfortably within its current range. It receives equal pressure from the underlying support at $0.5930 and the resistance level at $0.6160. As most of the … Read more
Bitcoin, the most valuable cryptocurrency with the biggest market size, experienced a significant drop in price and reached a low of $67,482 on the Bitstamp trading platform recently. For the third month in a row, the annual rate of increase in the main consumer price index (CPI) surprised experts by coming in at 3.5%. This … Read more
During the turbulent times for cryptocurrencies, XRP has become a center of interest and has seen a dramatic spike in the number of liquidated positions within a short time frame. Lately, there has been an unprecedented rise in the process of closing losing positions in XRP as the wider crypto market struggles with significant losses. … Read more
Currently, the entire cryptocurrency market is going through a significant downturn. Bitcoins‘ price dropping below $70,000 has caused turmoil, and meme coins like Dogecoin and Shiba Inu have not escaped unscathed. Both coins suffered losses of at least 5% within the past day, leaving investors puzzled about the reasons behind this price decrease. Dogecoin And … Read more
Solana’s network is currently facing congestion, resulting in many transactions failing. The team at Solana asks for community patience as they put in long hours to fix the root causes and improve the network’s foundation. Root cause of Solana congestion Based on Austin Federa’s report as a strategist at the Solana Foundation, teams from Anza, … Read more
Michael Saylor, the founder and current Bitcoin strategist at MicroStrategy, the prominent business intelligence firm, frequently shares Bitcoin-related content with his large following on social media. He often incorporates AI-generated Bitcoin images into his posts. On this occasion, Saylor took to Twitter to issue a crucial warning to the cryptocurrency crowd, advising them not to … Read more
Bitcoin evangelist, early BTC adopter and analyst Tuur Demeester has been playing around with AI. Today, he presented the results of his AI experiment to the Bitcoin community on X social media platform (formerly known as Twitter). Demeester expressed his awe and enthusiasm over the result: an AI-generated song with lyrics, a tune, and vocal … Read more
During a heated debate about Ripple‘s relationship with XRP, David Schwartz, the company’s CTO (Chief Technology Officer), has offered clarification, aiming to bring understanding between the two sides. Ripple CTO On Naming Controversy In the past, XRP and Ripple had similar identities; XRP used to be called “ripples” before adopting its present form. As a … Read more