The S&P 500 has dropped below its moving average of the last 50 days for the first time since it started rising five months ago. This could be seen as a positive indication for the US stock market, but it may also serve as a warning signal for Bitcoin and the overall cryptocurrency market. Why … Read more
Today, the total value of stocks in the global market took a significant hit, decreasing to $2.31 trillion following a 5.35% drop. The trading volume also saw a decrease of 2.43%. However, Bitcoin‘s dominance remains strong. This situation serves as evidence of the market downturn and uncovers the top cryptocurrencies experiencing gains or losses for … Read more
On April 16, 2023, Dogecoin, the meme cryptocurrency with the largest global market cap, drew notable interest from investors. The reason: A major investor, referred to as a “whale,” acquired an impressive 300 million coins. This purchase came on the heels of an upbeat statement about Dogecoin’s upcoming cryptographic project. Dogecoin Whale Accumulation Ignites Investor … Read more
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