In a recent analysis, prominent crypto analyst DonAlt has raised concerns about the possibility of Bitcoin’s price dropping to as low as the mid-$40,000 range. He argues that this price breakdown might be necessary for the continuation of Bitcoin’s ongoing bull run. DonAlt points out that Bitcoin has retraced back to around the $60,000 price
As of April 29, 2024, major cryptocurrencies are experiencing a bearish trend, primarily due to concerns about the US economy potentially entering a period of “stagflation.” This economic scenario typically has a negative impact on risk assets, prompting investors to seek alternative investment opportunities within the altcoin market. Bitcoin, the leading cryptocurrency, has recently faced
The recent surge of ELONWIF in the meme coin market has been nothing short of spectacular. With a rapid increase of over 27,893% in a 24-hour period, ELONWIF has captured the attention of many investors. This surge was fueled by a sudden influx of more than $345k in trading volume, hinting at the level of
The recent price movement of Bitcoin after the halving event has not met the expectations of many investors. Despite attempting to break above $65,000 last week, Bitcoin is currently trading at $62,105, reflecting a 2.96% and 6.14% decrease in the past 24 hours and seven days, respectively. This lackluster performance has left the market in
After the recent Bitcoin Halving event, Rekt Capital has made some bold predictions about the future trajectory of Bitcoin. According to his analysis, the crypto asset could reach its peak in the current bull cycle within the next year. This prediction is based on historical trends that have been observed following previous Halving events. Rekt
China’s JunHe Law Firm recently delved into the intricacies of anti-money laundering challenges associated with the digital yuan. One of the major concerns highlighted in their report was the potential for the digital yuan to be used anonymously. While this feature provides users with a higher degree of privacy protection, it also opens the door
In a recent market update, it was reported that Solana’s second biggest meme coin, Bonk (BONK), experienced an 8% drop overnight, contributing to the overall crypto pullback that was driven by market leaders such as Bitcoin (BTC) and Ethereum (ETH). While Bonk is currently trading at $0.00002427, which represents a significant decrease from its previous
In a recent disclosure by Io.net CEO Ahmad Shadid, details of a Sybil attack on the network were revealed, shedding light on the vulnerabilities exploited by attackers to manipulate GPU availability and gain rewards from the decentralized computing network based on Solana. The incident, which unfolded on April 27, prompted an extensive analysis by Io.net’s
The recent movement in the price of Ethereum has been quite erratic, to say the least. The price of Ethereum surged above the $3,300 mark, testing the resistance level at $3,350, before plummeting sharply below $3,300. This sudden decline has left many investors puzzled as to the future trajectory of Ethereum’s price. The occurrence of
The recent SEC action against Uniswap has brought DeFi under scrutiny. The Wells notice suggests potential enforcement action against Uniswap for allegedly acting as an unregistered securities broker and an unregistered securities exchange. The SEC claims that certain tokens traded on Uniswap, such as those issued through ICOs, constitute investment contracts and therefore securities. This