The unexpectedly strong US Consumer Price Index report published on April 10 has caused ripples of surprise in financial markets. Crypto assets like Bitcoin, along with most others, have dropped in value, adding to the downturn experienced on April 9. This news is a blow for optimists in the market. United States CPI Data Came … Read more
Some investors and market observers are attempting to forecast Cardano‘s (ADA) price trends in the future. Despite the current price displaying losses, a leading cryptocurrency expert believes that ADA is currently “in its proper place.” Cardano Loses 10th Spot Against Telegram’s Toncoin Recently, Cardano has gained significant attention, yet its underwhelming price action and limited … Read more
Bitcoin‘s on-chain activity indicates a two-month-long “buying frenzy” or “excitement spike.” Duration of such phase in previous bull market: [Specify duration here]. Bitcoin Has Been In Euphoria Wave Phase According To Supply In Profit Based on Glassnode’s recent weekly analysis, the present Bitcoin cycle mirrors the last one in terms of “Bitcoin Holder Profitability.” The … Read more
The cost of Bitcoin dipped but then recovered around $67,500. It’s possible that Bitcoin will continue climbing and reach the $72,500 mark once more in the not too distant future. Bitcoin retested the $67,500 support zone before it started a fresh increase. The price is trading above $70,000 and the 100 hourly Simple moving average. … Read more
Ethereum‘s price held strong above the $3,400 mark as a floor. For Ethereum to advance further in the short term, it needs to surpass the $3,600 resistance level first. Ethereum extended its decline and tested the $3,400 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break … Read more
MicroStrategy, famous for its bold Bitcoin (BTC) approach, has experienced a significant increase in stock value in recent months due to Bitcoin reaching a new record high price last month. Yet, some investors are wagering that the stock is overpriced and will drop in value in the near future. Based on Reuters’ report released on … Read more
On Wednesday, Bitcoin (BTC) dipped below $68,000 for a brief moment, touching a 24-hour low of approximately $67,568. However, during the New York trading session, BTC bounced back and was trading around $68,668. The cryptocurrency market has seen increased volatility lately, resulting in over $253 million in liquidations. Most of this amount, around $186 million, … Read more
At P2P.org, a significant Ethereum validator, we’ve achieved a noteworthy achievement. The amount of value secured with us, known as Total Value Locked (TVL), surged from $5 billion in February to more than $7.4 billion in March. This substantial increase underscores the rapid growth and increasing importance of our role within the Ethereum network and … Read more
Bybit, a well-known cryptocurrency exchange by transaction volume, made it easier than ever before to buy cryptocurrencies starting April 10, 2024. They teamed up with Google Pay, a widely used digital wallet, enabling users from over 35 countries to make instant purchases with a single click. This change aims to improve user experience and possibly … Read more
Austin Federa, the Communications Chief at Solana Labs, has announced that several developers are working together to address the network’s issue with congestion. Solana Burdened with Extreme Congestion Solana, represented by SOL, is a widely-used blockchain network that applies Proof-of-Stake (PoS) as its consensus mechanism to enable smart contracts. Solana’s primary goal is to address … Read more