In a recent disclosure, a former employee of Alameda Research, a trading firm led by Sam Bankman-Fried, has unveiled crucial information regarding the dramatic 87% plummet in Bitcoin (BTC) value during 2021. The incident, which occurred on October…
Bloomberg Analyst Lauds Bitcoin Energy Shift Amid Rising Hashrate
The Bitcoin mining industry has risen steadily in the past few years thanks to the widespread adoption and increasing interest in the Bitcoin blockchain. This growth has led to a vast increase in Bitcoin’s hash rate, causing concerns…
Why Touching This Bitcoin Level Could Hold The Key For A Rally
The price of Bitcoin was rejected as it approached critical resistance north of $27,000, and selling pressure continues over today’s trading session. If buyers can’t defend current levels, BTC’s price will likely re-test critical support, but thisâ€
Binance & Deribit Traders Aggressively Short Bitcoin, Squeeze Incoming?
Data shows Bitcoin shorts have been piling up on cryptocurrency exchanges Binance and Deribit during the past few days. Bitcoin Funding Rates On Binance & Deribit Are Deep Red Right Now According to data from the analytics firm Santiment…
What The SEC’s Latest Announcement Means For The Crypto Industry
A recent announcement by the US Securities and Exchange Commission (SEC) suggests that the crypto industry may be in for more pain as it continues to endure the far-reaching consequences that the Commission’s enforcement actions have had on it. …
Optimism To Sell 116 Million OP Tokens Via Private Sale: Will The Price React?
Optimism has revealed its plans to sell 116 million OP tokens to seven private buyers. According to the update, this sale is for treasury management tokens. Based on current prices, this sale will transfer approximately $159 million worth of OP…
Bitcoin Enjoys Growing Favorable Conditions, Top Analyst Says
Bitcoin analyst and fervent BTC advocate, Will Clemente, has recently shed light on a compelling macroeconomic landscape unfolding, potentially favoring the world’s leading cryptocurrency. Clemente suggests that the United States is…
Ethereum Bearish Signal Reappears After Five Years To Threaten ETH’s Price
Ethereum has been one of the cryptocurrencies to maintain a reasonably high level even through multiple price crashes in the market. However, it seems like the altcoin will not be able to hold as it has done in the past with a dreaded bearish…
XRP Price Poised For A 250% Surge, Analyst Points To This Key Catalyst
Prominent analyst EGRAG CRYPTO has brought attention to the potential of a significant surge in the XRP price, based on a technical analysis that relies on Fibonacci retracement levels. According to a recent tweet from the analyst, “#XRP…
Terra Classic Forecast: Anticipating A 25% Price Surge With Bullish Patterns
Terra Luna Classic (LUNC) has been on the radar of crypto enthusiasts and investors, but its recent price performance has left many scratching their heads. Since mid-August, the altcoin has been caught in a pronounced downtrend, drawing the…
Crypto Analyst Predicts More Trouble Ahead For Bitcoin Price, Here’s Why
Crypto analyst Nicholas Merten has given an insight into the future trajectory of the Bitcoin price, suggesting that the flagship cryptocurrency may experience turbulent times ahead. The Calm Before The Storm For Bitcoin In a recent episode of his…
X Announces Upcoming Payment Integration: Dogecoin On The List?
Dogecoin enthusiasts are buzzing with anticipation following recent developments at X, the platform previously known as Twitter. As part of its ambitious expansion to enhance its “Everything app”, X is introducing a range of payment…
Polygon (MATIC) Comeback Challenges – What’s Holding It Back?
Polygon (MATIC) enthusiasts remain undeterred as they continue to push the price of the digital asset higher despite a prevailing bearish market structure, While the higher timeframe structure paints a bearish picture, buyers have been steadily…
DOT Price (Polkadot) Hints At Potential Recovery, Here’s What Could Propel It To $4.8
Polkadot’s DOT is recovering higher from the $3.92 support against the US Dollar. The price could gain pace if it clears the $4.20 and $4.35 resistance levels. DOT is slowly moving higher above the $4.05 resistance zone against the US Dollar. The…
Ethereum Price Grinds Lower But Key Support Is Still Intact
Ethereum price corrected lower from the $1,670 resistance against the US Dollar. ETH could take a major hit if it breaks the $1,600 support. Ethereum started a bearish wave from the $1,660 resistance. The price is trading below $1,640 and the…
CoinEx Update: Exchange Set To Resume Deposits And Withdrawals After Exploit
CoinEx, a cryptocurrency exchange, has announced plans to resume its deposit and withdrawal services. The crypto platform was forced to shut down operations after roughly $70 million worth of cryptocurrencies were drained from its hot wallets a…
Bitcoin Reserves On Exchanges Approaching A 6-Year Low, Good For Price?
Bitcoin (BTC) held by leading crypto exchanges like Coinbase, Binance, and Kraken are near a six-year low, CryptoQuant data on September 20 reveals. The contraction was recorded when the broader market steadied after posting sharp losses in the…
Bitcoin Price Topside Bias Vulnerable If It Continues To Struggle Below $27.5K
Bitcoin price is struggling to clear the $27,500 resistance. BTC is slowly moving lower and might revisit the $26,200 support zone in the coming sessions. Bitcoin is still struggling to clear the $27,500 resistance. The price is trading above…
Polygon zkEVM Successfully Completes First Major Upgrade, Introduces Dragonfruit
Polygon (MATIC) zkEVM, a zero-knowledge scaling solution designed to be compatible with the Ethereum Virtual Machine (EVM), has achieved a significant milestone by completing its first upgrade. The upgrade, known as the Dragonfruit Upgrade, marks…
On-chain data reveals that whales and new wallets are scooping more Maker (MKR), which seems to be propping the token, fanning demand. As of September, MKR is one of the top-performing tokens, adding roughly 120% in three months from June 2023…
Whales Abandon Ship? Ethereum’s Value In Jeopardy As Major Holders Liquidate
Ethereum (ETH), a significant player in the crypto space, has recently come under scrutiny due to some concerning on-chain activities. Notably, the number of addresses holding significant amounts of Ethereum has declined, and some long-term holders…
Shiba Inu Update: 530% Spike In Shibarium Metric Could Trigger SHIB Recovery
Shiba Inu could be gearing up for a rally after a metric has flashed bullish. This metric has to do with the recently launched Shibarium network whose usage is continuing to rise rapidly. This time around, the Ethereum Layer 2 blockchain has seen a…
Huobi Global Faces Risks As Investments In stUSDT Surge To $1.8 Billion
Huobi Global, a prominent cryptocurrency exchange, is at risk as investments in the staked USDT (stUSDT) project soar to $1.8 billion. The project, spearheaded by crypto entrepreneur Justin Sun, promises 5% returns tied to low-risk securities like…
Report Says Ethereum Is Trading Well Below Fair Value, What’s The Correct Figure?
Ethereum’s price may have been dealt a massive blow as a research report on the Ethereum valuation has revealed that the cryptocurrency giant has been trading below its fair price. Ethereum Trading Value Slips A new on-chain research report has…
Is Bitcoin Bull Run Coming Soon? What Network Fundamentals Say
Here’s what the Bitcoin network fundamentals have to say regarding whether the cryptocurrency could see a bull run soon or not. Monthly Average Bitcoin New Addresses Have Shot Up Recently In a new post on X, analyst Ali discussed the…
In a highly anticipated announcement for the overall cryptocurrency market and Bitcoin (BTC), the Federal Reserve (Fed) opted to maintain interest rates at their current level, ranging between 5.25% and 5.5%. The decision aligns with market…
Chainlink: Analyst’s Vision Of A 20% Rally And How It Could Happen
Chainlink (LINK) has caught the attention of crypto analyst Rekt Capital, who has offered an optimistic outlook for LINK. In a new price prediction, he suggested that the decentralized oracle network is on the verge of a significant recovery. Rekt…
Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF
On the back of its partial victory against the US Securities and Exchange Commission (SEC), Grayscale has applied to the Commission for another Ethereum Futures Exchange-Traded Fund (ETF). Why Another ETH Futures ETF? According to a report by the…
Toncoin (TON) Continues To Shine, Is $3 Mark Possible?
TON has gained 1% today, September 20. It trades at $2.47 with a 30% seven-day price increase. Also, TON’s price gains confirm the entrance of buyers and an accumulation phase, which will likely continue to push the rally. TON’s price gains…
Bitcoin Bulls Could Buck Downtrend With Move To $42,000
Bitcoin price is back above $27,000 per coin after holding firm at $25,000 for a second time. If price fails to move below support and makes another run for resistance, bulls might finally buck the downtrend with a powerful, measured move to…
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