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Spectacular Swings — The Week’s Victorious Crypto Climbers and Fallen Token Challengers
29.1.2024
Bitcoin has seen a 2.9% rise against the U.S. dollar in the past week, while ethereum has experienced a 5.8% decline during the same period. Several cryptocurrencies have made notable gains over the past seven days. Leading the pack is manta network (MANTA), which surged by an impressive 47.2%...
Is ORDI Going to Crash? ORDI Price Drops 20% in a Week as New Bitcoin Protocol Goes Viral
29.1.2024
The ORDI token, a top BRC-20 ordinal, has faced a notable price drop of 20% following the Grayscale sell-off. However, it remains to be seen if this crash still has more room to go. Indeed, the ORDI token, a major BRC-20 Bitcoin beta play, has suffered a decline amidst a price correction across...
2024 Sees Steepest Weekly Plunge in NFT Sales, 5 Major Blockchains Register Double-Digit Losses
28.1.2024
In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78%...
Bitcoin’s Hashrate Rebounds From January Dip as Miners Eye Upcoming Difficulty Adjustment
27.1.2024
Bitcoin’s cumulative hashrate witnessed notable swings starting in late December, with a pronounced decline occurring in mid-January. This decrease was primarily attributed to the severe cold in Texas, leading many miners to pause their operations temporarily. By Jan. 21, 2024,...
3 cheap Ethereum Alternatives primed for quick 15x profits
26.1.2024
Investors and enthusiasts are perpetually seeking alternatives that not only bring unique features to the table but also promise substantial profits. Ethereum, as a frontrunner in the blockchain space, has paved the way for the emergence of innovative projects aiming to provide viable alternatives....
Ransomware and Darknet Markets Top List For Most Prominent Crypto Crimes
25.1.2024
A new report from blockchain analysis firm Chainalysis found that crypto related crimes decreased in 2023. While notable, findings also show that ransomware and darknet market activity involving cryptocurrency increased considerably. Eric Jardine, cybercrime research lead for Chainalysis, told...
Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
25.1.2024
Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981. Concurrently, the Aave-developed stablecoin GHO has seen...
Bitcoin Technical Analysis: Deciphering BTC’s Complex Market Behavior
24.1.2024
Bitcoin’s price dynamics on Jan. 24, 2024, present a complex picture of market fluctuations and investor sentiment. With prices oscillating between $39,878 and $40,069 in the past hour and a broader 24-hour range of $38,505 to $40,515, the cryptocurrency exhibits notable volatility. Bitcoin...
Ordinals ‘Genesis Cat’ Fetches $254K in Sotheby’s Auction
24.1.2024
“Genesis Cat,” a 1-of-1 digital artwork in the Quantum Cats collection on the Bitcoin blockchain, has achieved a remarkable sale price of $254,000 along with several other notable sales at a recent Sotheby’s auction. ‘Genesis Cat’ Fetches Over Quarter Million...
Bitcoin Price Prediction: Drops to $39,650 Amid Unconstitutional Canadian Law & GBTC Withdrawals
24.1.2024
In the In the realm of cryptocurrency, the latest Bitcoin price prediction becomes increasingly complex as the asset dips to $39,650, influenced by a blend of regulatory news and investment product dynamics. On Wednesday, Bitcoin registered a notable decline, trading at $39,653, marking a 1.03...
Bitcoin and Ethereum Price Prediction as BTC Dips Below $40,000 and ETH Struggles to Hold $2,200
23.1.2024
Bitcoin, the foremost digital currency, witnessed a notable dip below the critical $40,000 mark, briefly falling to around $39,500. This decline has been linked to substantial Bitcoin sales, notably influenced by the Grayscale GBTC Bitcoin ETF, fueling concerns about a possible further descent...
GBTC Experiences Record Bitcoin Outflow; Blockguard CEO Advises Investor Calm Amidst Market Shift
23.1.2024
Grayscale’s spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund after Monday’s trading activities. GBTC Sees...
Brad Mills Reflects on Bitcoin ‘Season 2’ — A New Era of Monetary and Platform Coexistence
23.1.2024
Brad Mills discusses the Bitcoin “Season 2” narrative, a phase that signifies a coexistence and rivalry between the traditional monetary maximalists and the newly emerging platform maximalists. Brad Mills Discusses the Rise of Platform Maximalism in ‘Season 2’ In...
FTX Payment Plan Faces Backlash, Clients Slam 2022 Asset Valuation as ‘Theft,’ Urge Court for Fair Redress
22.1.2024
Following the submission of a proposal by FTX estate debtors to reimburse customer assets based on their value as of Nov. 11, 2022, numerous objections have been raised by customers. A notable objection comes from an FTX client in France, who criticizes the estate for “depleting creditor...
Ethereum Technical Analysis: Bearish Trends Dominate Across Multiple Timeframes
22.1.2024
Similarly to bitcoin’s action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a 5.7% decline over the past week. Ethereum...
Bitcoin Price Prediction: BTC Drops to $41,000 Amid $4B ETF Surge and USD Dominance Concerns
22.1.2024
In the dynamic realm of cryptocurrency, Bitcoin (BTC) has experienced a notable shift, currently trading at $41,068, marking a 1.70% decrease on Monday. This change occurs amidst significant developments in the crypto landscape, including the remarkable growth of Bitcoin ETFs, which have swiftly...
Dogecoin Price Prediction as $1 Billion Sends DOGE Soaring 14% – $1 DOGE Incoming?
21.1.2024
Dogecoin (DOGE), the memetic mainstay of the crypto world, has witnessed a remarkable 14% surge in its value, following a massive $1 billion injection into its market. As of January 21, DOGE is trading at $0.085185, with a notable 24-hour volume of approximately $1.17 billion. Currently ranking...
Bitcoin and Ethereum Price Prediction as BTC Bulls Hold $41,000 and ETH Consolidates at $2,400 – Rally Soon?
21.1.2024
In the dynamic realm of cryptocurrencies, Bitcoin (BTC) maintains its foothold above the $41,000 mark, currently trading at $41,700 with a modest 0.25% increase as the week concludes. The market buzzes with speculation as X, a notable player, unveils plans for a dedicated Payments account...
Bitcoin and Ethereum Price Prediction as BTC Spikes Up and ETH Hits $2,500 – Time to Buy
20.1.2024
As the weekend unfolds, Bitcoin (BTC) has seen a notable uptick, trading at $41,700 with nearly 1.40% increase on Saturday. Despite this positive momentum, skepticism remains as The New York Times maintains a cautious stance on Bitcoin’s prospects. Adding to the wary outlook, the RBI Governor...
Chainalysis Reveals Decline in Crypto Crime, Shift to Stablecoins in 2024 Crime Report
20.1.2024
Chainalysis’ latest report reveals a dual trend in the 2023 crypto crime landscape: a notable decrease in overall value of criminal transactions and a surprising shift from bitcoin to stablecoins as the preferred medium for illicit activities. 2024 Chainalysis Report Reveals a Decline...