Bitcoin, long revered as the most valuable blockchain, has historically been criticized for its lack of scalability. With a processing capacity of just seven transactions per second, compared to Visa’s 24,000 transactions per second, Bitcoin was seen as ill-equipped to handle large transaction volumes. Additionally, its absence of smart contract support positioned it as a
Ethereum has recently reached a new multi-month high, surpassing the $3,400 mark. Similar to Bitcoin, ETH appears to be consolidating and preparing for another bullish run. The price is currently above $3,350 and is trading above the 100-hourly Simple Moving Average. Additionally, there is a key bullish trend line with support at $3,250 on the
The recent filing in the United States District Court for the Southern District of New York has shed light on a series of letters submitted by family members of former FTX chief Sam Bankman-Fried. Barbara Fried, Joseph Bankman, and Gabriel Bankman-Fried, the mother, father, and brother of SBF respectively, have individually written letters to the
XRP price is showing signs of bullish momentum as it continues to climb above the key resistance level of $0.550. The bulls are now setting their sights on breaking through the $0.60 and $0.62 resistance levels to further solidify their position in the market. Upon closer inspection of the 4-hour chart of the XRP/USD pair,
Coinbase, a popular cryptocurrency exchange, is currently facing technical issues that have resulted in degraded site performance for many users. This has led to numerous individuals seeing a zero balance on their accounts when accessing the platform. Both the Coinbase website and mobile app are currently down, complicating the situation further. These problems have also
Justin Sun, the prominent figure behind the Tron network, recently shared a screenshot of his wallet balance on social media platform X, revealing that he owns a significant portion of assets on the HTX exchange. The total value of Sun’s crypto holdings on the platform amounts to around 28,614 units of Bitcoin, which translates to
In the world of cryptocurrency, Bitcoin’s rally has been making headlines once again. With the price of BTC surpassing $61,000 for the first time since November 2021, investors are once again paying attention to the digital asset market. This surge in Bitcoin’s price has not only attracted traditional investors but has also led to a
Ethereum price has recently reached a new multi-month high above $3,300 and is currently consolidating. This surge in price comes as Bitcoin is also making gains above the $60,000 resistance level. The price of ETH has managed to clear several key resistance levels, leading to a positive trend in the cryptocurrency market. The price of
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
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