Bitcoin had a fantastic year in 2023, but unfortunately, 2024 has not been as smooth for the pioneering cryptocurrency. Within just three weeks, its price plummeted from a high of $48,000 to $41,000. As investors seek alternatives to stop their profits from bleeding, many are turning their attention to the new rival in the market,
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The price of Bitcoin has been showing signs of recovery as it surpasses the crucial $42,000 resistance level. In order to continue this upward trend, BTC needs to overcome the resistance levels at $42,800 and $43,500, which could potentially pave the way for an increase towards the $45,000 resistance. Bitcoin initiated a support base above
South Korean crypto exchanges reported blocking over $82 million worth of transactions linked to romance scams in the past year. Coinone, one of the leading exchanges in South Korea, stated that catfishing and other romantic scams utilizing cryptocurrency have become widespread in the country. It further revealed that it had successfully halted more than $2.6
The year 2024 has brought a whirlwind of activity in the world of Bitcoin, with significant developments and price fluctuations. From the approval of spot Bitcoin ETFs by the SEC to a decrease in the cryptocurrency’s price and selloffs from the Grayscale BTC Trust, the market has witnessed various events. Amidst these happenings, on-chain data
The XRP community has been eagerly awaiting a resolution to the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC). Many believe that this case has cast a dark shadow over the XRP market, causing uncertainty and suppressing the price of the token. However, one crypto analyst from the ‘Discover Crypto’ YouTube
Crypto analyst Egrag Crypto has once again caught the attention of the cryptocurrency community with his prediction that XRP will soon reach a staggering $27. While this may seem like an outlandish claim to some, Egrag has provided a detailed analysis to support his forecast. By examining XRP’s moving average and comparing it to past
Bitcoin has experienced a recent surge, surpassing $42,000 after trading below $40,000 for several days. This market recovery can be attributed to various factors, one of which includes recent revelations about the US economy. The release of the personal income expenditures (PCE) price index on January 26, which reported lower-than-expected inflation, suggests that inflation in
In a speech delivered in Naples, CFTC Chair Rostin Behnam expressed significant concerns regarding the current state of cryptocurrency and digital asset regulation. He emphasized the necessity for comprehensive federal oversight to address the challenges and regulatory gaps in the rapidly evolving digital asset landscape. Absence of Legislative Framework One of the key points highlighted
The ongoing legal dispute between Binance and the United States Securities and Exchange Commission (SEC) has reached new heights, with court documents revealing key details about the clash over evidence production and witness depositions. According to a joint status report filed on January 25, the SEC accuses BAM Trading Services, the parent company of Binance.US,
The XRP Ledger, a decentralized open-source blockchain, is preparing to introduce an Automated Market Maker (AMM) feature that promises to provide XRP holders with innovative solutions. Ripple’s Chief Technology Officer (CTO), David Schwartz, recently shared details about the AMM on X (formerly Twitter), generating excitement within the XRP community. In his post, Schwartz elaborated on