After the latest Bitcoin halving, there’s been a surge of interest in Bitcoin exchange-traded funds (ETFs) among investors. The approval of these funds by the U.S. Securities and Exchange Commission has significantly altered the crypto investment landscape. With ETFs, investors can easily keep track of Bitcoin’s daily price changes, potentially reducing their risk when investing … Read more
On Wednesday, a Bitcoin wallet transferred 57,586 BTC over the blockchain network, according to a cryptocurrency analyst’s observation. This action suggests that a short-term Bitcoin investor may have altered their strategy due to recent price fluctuations. The transfer raises eyebrows given its proximity to the impending $9.4 billion crypto options expiry, at which point market … Read more
Following a Bitcoin halving, the crypto market has seen a significant surge. The favored coins shift daily. Currently, Hedera, Algorand, Mallconomy, Bonk, and Akash Network are leading the pack. These coins have experienced impressive gains of 82%, 32%, 32%, and 28% respectively. For traders focusing on short-term opportunities, this blog provides valuable insights. At present, … Read more
Recently, there has been a significant increase in ADA‘s network activity. An astonishing amount of 25 billion ADA were moved within just one day. This intense on-chain activity correlates with recent price fluctuations in ADA, making it essential to examine the underlying metrics and their potential impact on the asset’s future value. Exploring the on-chain … Read more
According to data from CryptoQuant’s CEO Ki Young Ju, the average period Bitcoin (BTC) has gone unused has reached a 13-year peak. This increase in dormancy indicates that older Bitcoins are being transferred to new owners, possibly leading to a shift in the cryptocurrency’s ownership structure. March 23rd marked a new peak for Bitcoin’s Average … Read more
Today, the cost of Solana has climbed by more than 2%, indicating that investors are becoming increasingly optimistic about this significant cryptocurrency. This uptick in price comes on the heels of an important announcement within the Solana community: the resolution of long-standing network congestion issues. As a result, users can now look forward to faster … Read more
Coinbase, a prominent cryptocurrency exchange, has generated buzz in the digital currency community by announcing a freebie in honor of Bitcoin‘s groundbreaking halving occasion. During this significant event, Coinbase is organizing a weekly Bitcoin lottery as part of the festivities. Contestants have an opportunity to secure some BTC as prizes. Every four years or so, … Read more
Shiba Inu (SHIB), known as the meme coin aiming to dethrone Dogecoin, caused great excitement in the crypto world today. Its burn rate soared by an incredible 2200%, fueled by SHIB’s positive reflection of the broader market trend. This significant increase in the SHIB burn rate has sparked optimism among traders and investors, leading to … Read more
In simpler terms, analyses of Bitcoin‘s price trend by market experts present contrasting views. For instance, Ali Martinez, a well-known crypto analyst, raised concerns as he spotted a sell signal on the Bitcoin price graph and suggested that a drop in BTC could be imminent. Will Bitcoin Plunge Below $65,500? In a recent post on … Read more
The Central Bank of Nigeria (CBN) has quickly addressed rumors spreading about an alleged directive from their office regarding identifying and limiting cryptocurrency transactions with exchanges. However, these rumors are unfounded as no such instruction came from the CBN. The bank advises the public to only trust information from their official website at cbn.gov.ng for … Read more