The recent surge in Bitcoin’s price to a new all-time high of $69,200 was met with excitement among crypto traders, as it seemed like the beginning of a journey towards a six-digit Bitcoin price. However, this euphoria was short-lived, as the price of Bitcoin quickly plummeted to $61,200 in the hours that followed. On-chain data
Polkadot (DOT) has been making significant gains above the $10.00 resistance level against the US Dollar, sparking speculation among investors about a potential rally towards $12.00 in the near future. The price of DOT is currently above the $10.00 zone and the 100 simple moving average on the 4-hour chart. Additionally, a key bullish trend
Hut 8, a prominent Bitcoin mining company, recently made the decision to close its mining site in Drumheller, Alberta, Canada. The closure was attributed to power disruptions and escalating energy costs which severely impacted the site’s profitability. Despite contributing approximately 1.4% of Hut 8’s Bitcoin production, the Drumheller facility consumed around 11% of its hash
Recent predictions by crypto analysts have raised expectations for a significant breakout in the XRP price. World of Charts and Jaydee have both forecasted a bullish trend for the crypto token, suggesting a potential rise to $3 or even higher. These predictions have ignited optimism among XRP enthusiasts, especially considering the stagnant performance of the
As the cryptocurrency market continues to evolve, new trends are emerging, including the rise of meme coins. These coins, such as Pepe Coin and now $PEEN, are gaining popularity among traders and investors who are looking for the next big opportunity to earn significant returns on their investment. With Pepe Coin consolidating below record highs,
The United Kingdom has recently announced plans to incorporate stablecoins and central bank digital currencies (CBDCs) into its regulatory structure to adhere to EU standards. This move marks a significant step towards aligning with the rest of the European Union in terms of crypto regulation. Former Bank of England official Varun Paul highlighted the UK’s
Bitcoin recently reached its all-time high of over $69,000 on March 5th, only to quickly experience a sharp 14% correction that pushed its price down to $59,300. This rollercoaster ride in BTC’s price led to intense volatility in the market and record-breaking trading volumes across centralized exchanges. The surge in trading volume on centralized exchanges
The recent pullback in the price of Bitcoin has sparked discussions among top crypto analysts about a potential further decline in the crypto market. Analyst and trader Ali Martinez has shared his insights on social media regarding key indicators suggesting a retracement in Bitcoin’s price. According to Martinez, the Tom DeMark (TD) Sequential indicator on
The Securities and Exchange Commission (SEC) recently filed a joint motion requesting the court to take additional action against Binance.US. The SEC claims that the exchange has failed to comply with regulatory requests for information on customer assets. They argue that Binance.US’s inspections have been insufficient, critical questions have been left unanswered, and the firm
Pepe (PEPE), one of the biggest meme coin launches of 2023, has recently experienced a surge in price, leading the meme coin vertical with an impressive monthly gain of +707%. Despite hitting a new all-time high and dominating the trending coin rankings, Pepe is currently trading at $0.000000750 with a 24-hour change of +6.70%. The