The recent decline of Bitcoin from its all-time high in March has caused a shift in sentiment among crypto traders. The enthusiasm for buying the dip at the $60,000 price mark seems to be fading according to Santiment, a crypto analytics platform. This could be signaling that Bitcoin is approaching a bottom, based on historical
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The recent stagnation in the price of Bitcoin has raised concerns among investors, with the premier cryptocurrency losing support at the $60,000 level. This slowdown in price movement is not the only cause for worry, as data from Santiment indicates that on-chain activity on the Bitcoin network has also witnessed a significant decline in recent
In a surprising move, JP Morgan and Wells Fargo, two major players in the US financial sector, have recently disclosed their investments in Spot Bitcoin ETFs. This announcement marks a significant shift in their previous cautious stance towards cryptocurrencies. Despite the ongoing downturn in the crypto market, with Bitcoin’s price hovering just above $60,000, these
AVAX, the native utility token of the Avalanche blockchain, is currently ranked 12th by market cap. With a total supply of 440,043,419 AVAX and a total trading volume of over $396,250,098 in the last 24 hours, AVAX has been facing a downward trend since its recent pullback at $36.15. The general cryptocurrency market is currently
VeChain (VET) has been a topic of speculation and discussion among cryptocurrency analysts and enthusiasts. The recent projections by popular crypto analyst Ali Martinez have sparked interest in the potential future performance of the token. According to Martinez, VeChain might be gearing up for a significant price rebound in the coming months, based on historical
House Financial Services Committee Chairman Patrick McHenry has announced that new legislation, known as the Financial Innovation and Technology for the 21st Century (FIT21) Act, is on track for a potential House floor vote by the end of May. This legislation aims to address the regulatory uncertainties surrounding the digital asset market, providing clear frameworks
The International Monetary Fund (IMF) has recently released a consultation report recommending that Nigeria should regulate the use of digital assets by licensing international crypto exchanges. This move is aimed at enhancing economic stability in the country while also improving its standing within the African crypto sector. The IMF advises strict adherence to regulatory standards,
As the crypto market experiences a sharp pullback due to recent US economic data causing fears of stagflation, traders are on the lookout for altcoins showing strong bullish momentum that could potentially be the best crypto assets to buy now. With Bitcoin (BTC) dipping back to the low $61,000 range from previous highs near $64,000,
One influential trader, known as Bluntz Capital, has recently made a bold prediction regarding the Solana meme coin DogWifHat ($WIF). Bluntz believes that the current price of $3.17 is unsustainable, and that the cryptocurrency could potentially crash all the way down to just one dollar. This prediction has raised concerns among investors and followers of
After rallying nearly 15% and surpassing the $6.50 resistance level, TON coin is displaying signs of trend exhaustion. There is a possibility of correction in the near future as the price action might start to lose momentum. The recent surge in TON price saw it breaking through key resistance levels at $6.20 and $6.50. Currently,