The recent surge in the price of Bitcoin, surpassing the $59,000 mark, can be largely attributed to the growing interest from institutional investors. Despite expectations of a market crash ahead of the next halving, Bitcoin has continued to rally, proving many skeptics wrong. Institutional investors have been capitalizing on the opportunities presented by the Bitcoin
webmaster
Bitcoin (BTC) has experienced a remarkable 5% increase in a single day, bringing it closer to the sought-after $60,000 mark. This surge in price can be attributed to the heightened investor interest in the world’s largest cryptocurrency, reaching levels not seen since the 2021 boom. The demand for spot bitcoin exchange-traded funds (ETFs) soared, with
The Chamber of Digital Commerce recently filed an amicus curiae in defense of crypto exchange Kraken amidst a lawsuit brought forth by the US SEC. This action was taken to highlight the overreach of the SEC in attempting to regulate the digital asset industry through enforcement actions without proper legislative authority. By speaking out against
Pepe Coin (PEPE) has seen a surge in price, up close to 50% in the past 24 hours. With momentum picking up since breaking above key resistance levels, PEPE looks poised to return to its previous record highs. This could mean a near-term upside potential of 2-3x, making it a strong contender for the best
Recently, crypto wallets linked to the now-defunct FTX exchange and Alameda Research have been active in transferring digital assets. In the past 24 hours alone, these entities have moved over $8 million in various cryptocurrencies, including Ethereum and PROM tokens. The surge in the broader crypto market has likely influenced these movements. The past day
Solana meme coin markets are seeing a surge in activity, with a new token named ELON gaining popularity due to its Elon Musk theme. The success of ELON can be attributed to the Musk reference, which has attracted a significant amount of capital and led to promotions by DEX bots on social media platforms like
In a recent turn of events, the Justin Sun-related crypto exchange HTX, formerly known as Huobi, has resubmitted its application for a Virtual Asset Trading Platform (VATP) license in Hong Kong. This move follows the withdrawal of its initial application, which was filed through its Hong Kong subsidiary Huobi HK on Feb. 20. Surprisingly, the
Recently, U.S. Republican senators have taken a stand against the potential introduction of a Federal Reserve-backed central bank digital currency (CBDC). This move comes in the midst of the Biden administration and Fed’s interest in exploring the applications of CBDCs. Sen. Ted Cruz (R-TX) voiced his concerns over the idea of “programmable money” that could
Solana is currently experiencing a bullish momentum with the price surpassing $108 and showing positive signs of further growth. There has been a recent increase in SOL price from the $98.50 support level against the US Dollar. The price is now trading above $108 and the 100 simple moving average (4 hours). Additionally, a major
As the price movement of Bitcoin becomes less volatile and the markets show signs of instability, Crypto Jelle, a prominent cryptocurrency analyst and investor, has shared a bold prediction regarding the leading cryptocurrency. Despite the bearish speculations within the community surrounding BTC’s price action, Crypto Jelle remains optimistic about the future. He believes that discussions