History has demonstrated that economic downturns such as recessions, wars, and high inflation frequently recur. When these conditions arise again, they mark a significant shift in the global economy. This transformation brings with it uncertainty, anxiety, and market instability. As Ray Dalio explains, roughly every century, the dominance of a global power comes to an … Read more
Bernstein, a private wealth management company, has identified some mining stocks that may perform well after the halving process takes place. According to Bernstein, CLSK and RIOT ranked first in the market for having the largest self-mining hash rates. The analyst is optimistic that these companies will surpass competitors because of their excellent execution skills. … Read more
With the Bitcoin halving approaching, there’s growing excitement in the cryptocurrency world. Recent discoveries of comments attributed to Bitcoin’s anonymous founder, Satoshi Nakamoto, have fueled further intrigue and debate among crypto enthusiasts as they eagerly await this significant event. The statements, allegedly made by Nakamoto prior to disappearing from social media, have once again brought … Read more
Stay informed about the latest crypto developments – check out U.Today’s top three news articles from the past 24 hours. Shiba Inu‘s supercycle: Insider optimism peaks as BTC halving nears As the crypto community is eagerly anticipating the upcoming Bitcoin halving, Shiba Inu team member Lucie has taken to X platform to share her view on … Read more
During the process of recovering important statistics, the number of transactions on Shiba Inu‘s Shibarium platform experienced a remarkable increase of 160% in just one day. Shibarium Retraced Transaction Volume Boost According to Shibariumscan’s latest report, there have been approximately 562,980 transactions on Ethereum‘s Layer-2 scaling solution as of now. This represents a substantial jump … Read more
XRP continues to push forward in its efforts to bounce back from a prolonged significant decline. Despite a 20% drop in value this year, rising open interest (OI) has sparked optimism among investors regarding potential price recuperation. According to Coinalyze, the OI for XRP has increased by 1.69% within the last 24 hours on the … Read more
The value of Ethereum has been gradually increasing, but was recently set back due to the market crash and decreasing hopes for SEC approval of Ethereum ETFs in May. Ethereum dropped by 15% within the last week, reaching a resistance point at $3,550. Similarly, Bitcoin experienced significant declines. However, some Ethereum-linked cryptocurrencies have seen impressive … Read more
In the past few days, there has been a change in attitude towards Bitcoin ETFs. Yesterday alone, Bitcoin spot ETFs recorded a significant outflow of around $165 million. It’s worth mentioning that Grayscale ETF reported an outflow of approximately $133 million, while BlackRock ETF saw a minor inflow of roughly $18.09 million. Although it may … Read more
JPMorgan CEO Jamie Dimon remains a significant critic of Bitcoin. In a Bloomberg TV interview, he expressed his doubts about Bitcoin’s authenticity and usefulness as a currency. He went so far as to label it as a fraud and compared it to a Ponzi scheme. Despite the volatile price history of Bitcoin, Dimon maintains his … Read more
Although SHIB‘s price has dropped significantly in recent weeks, Lucie, an influential marketing figure for the Shiba Inu community, continues to express confidence in the digital currency’s underlying value. She believes that SHIB is still following the pattern of a “supercycle,” a prolonged period of growth and recovery in the crypto market. SHIB Set For … Read more