For the past seven weeks, the price of Polygon‘s coin (MATIC) has been gradually decreasing due to a falling wedge pattern. This pattern is characterized by two trendlines that slope downwards and act as both resistance and support. The MATIC price dropped from $1.29 to $0.588 because of this, resulting in a 54.3% decrease. However, … Read more
Starting on April 30th, Hong Kong will initiate the trading of multiple spot Bitcoin Exchange-Traded Funds (ETFs), marking a major milestone for the Bitcoin market. After the SEC’s approval and subsequent trading of Bitcoin ETFs in the US this year, we have reached another significant achievement. As more institutions embrace Bitcoin and its price hit … Read more
The US President, Joe Biden, has passed a law requiring ByteDance, the Chinese proprietors of TikTok, to sell their stake in the social media app within a year of signing. If TikTok fails to comply with specified regulations, it may be banned in the United States. This legislation is part of a broader package that … Read more
Support from Family: Binance Founder CZ (Changpeng Zhao) Gains Backing from Relatives before Prison Term Binance Founder CZ to Likely Get 36 Months Prison Previously announced, Binance founder CZ is currently facing serious accusations. It’s claimed that while Binance was active on U.S. territory, the platform supported terrorist organizations like Hamas, al Qaeda, and ISIS, … Read more
Five cryptocurrencies currently drawing attention in the booming market are Hedera (HBAR), Polygon (MATIC), Sei (SEI), Fantom (FTM), and Beam (BEAM). All five provide unique features and are making waves in the industry, making them attractive options for investors seeking to invest $1,000. 1. Hedera (HBAR) The eco-friendly Hedera network’s main currency, Hedera (HBAR), serves … Read more
Bitcoin‘s efforts to keep climbing are meeting resistance, resulting in a large-scale selling event in the cryptocurrency market. Over 40 million long investment positions have been terminated. The substantial decline in Bitcoin’s price has caused unease among investors and experts, prompting them to scrutinize the factors behind this recent drop. At the moment, the value … Read more
The data from Bitcoin‘s blockchain indicates that the urge to sell from miners and long-term investors has decreased, which might be a good sign for the cryptocurrency. Bitcoin LTHs Stop Selling, While Miner Distribution Slows Down As per James Van Straten’s post on X, it is the long-term holders (LTHs) and Bitcoin miners who have … Read more
Based on information from Chainalysis, mentioned in a recent Fortune report, approximately 1.8 million Bitcoins, equivalent to around $121 billion, are held in wallets that haven’t been used for over 10 years. Dormant coins account for 8.5% of Bitcoin’s 19.7 million circulating supply. Approximately 1.5 million cryptocurrencies are estimated to be permanently lost according to … Read more
Recently, American stockbroker Peter Schiff has criticized Bitcoin once again. He predicts that Bitcoin’s psychologically significant support level of $60,000 won’t withstand the pressure. Peter Schiff Pitches Gold Above BTC A Bitcoin skeptic kicked off his article by hypothesizing that gold’s decline has ended. The precious metal is presently priced around $2,300, but for Schiff, … Read more
Square’s innovative service, Square (SQ), now enables its merchants to convert a certain percentage of their daily transactions into Bitcoin. The financial tech company behind Cash App and other solutions made this announcement, introducing a new feature that allows businesses using Square’s tools to easily invest in Bitcoin with their sales revenue. Block’s Sales to … Read more