XRP, a prominent cryptocurrency backed by Ripple Labs, birthed a hurricane of speculations across the broader crypto market on Monday, following a significant whale transaction and Ripple’s shifting of colossal amounts of XRP jotted within the global crypto realm. Blockchain metrics unveiled by the tracker Whale Alert illustrated a staggering 207.3 million XRP on the […]
Bitcoin (BTC) Mining Difficulty Resets, Can This Trigger Price Rebound?
Data from BTC.com shows there is a significant plunge in Bitcoin (BTC) mining difficulty. This new development caused the hash rate to drop by 5.63% to 83.15 trillion. The adjustment took place at a block height of 842,688, with the average hash rate coming in at 646.96 EH/s. Bitcoin Sees Increased Miners’ Activities Pre-halving The […]
Bitcoin’s Recent Price Surge Isn’t Enough to Sustain Crypto Markets
Bitcoin prices had been under pressure ever since the ETF approval had arrived. But just recently the prices of the OG-crypto currency have inched up to its $47,000 mark, sparking a positive sentiment among investors. However, Bloomberg in a report says that the Bitcoin price surge might not be enough for crypto markets to sustain. […]
Is This Crypto Bull Run Another Bubble?
The cryptocurrency market skyrocketed in prices this year with bulls projecting a bull run while critics say it could be a bubble. Both sides of the divide cite fluctuations in macroeconomic factors and crypto prices in the last five months. The crypto market is up this year after picking up from its previous bottom in […]
Bitcoin Breaks $50K, Here’s What You Should Know
Bitcoin (BTC) has crossed the $50,000 threshold, the highest level since 2021, causing an upheaval in the market and drawing the interest of investors worldwide. This rise is attributable to large money inflows into Bitcoin ETFs, a bullish options market, and supportive trends in the futures market. At press time, BTC was trading at $49,763, […]
Just-In: Metaplanet Expands Bitcoin Holdings With $1.25M Investment
Metaplanet Inc., a distinguished Japanese company renowned for its expertise in investment and consulting services, has recently announced a bold foray into the cryptocurrency market. Drawing parallels with the strategies employed by industry titan MicroStrategy, Metaplanet’s decision marks a significant milestone in its corporate trajectory. In a disclosure that reverberated throughout the financial sphere, the […]
KASP Vs Jupiter : Which Altcoin is Closer to $1 Price Target ?
In the realm of cryptocurrency, two contenders, Jupiter (JUP) and KASPA (KAS), stand out with their potential to reach the $1 price mark. Jupiter, a leader in decentralized exchange (DEX) platforms on Solana, and KASPA, a scalable cryptocurrency, are both vying for investor attention. While Jupiter holds a stronger position with its current price and […]
WBTC Attack: Hacker Who Stole $71M Crypto Returns 11K ETH, Here’s All
In the aftermath of a harrowing crypto incident, a scammer who absconded with a staggering $71 million worth of WBTC from a trader has now begun refunding in Ethereum, a development that has sparked intrigue across the global crypto community. As per insights revealed by various on-chain analytics platforms on May 10, it was disclosed […]
5 Lesser-Known Altcoins To Buy As Bitcoin Tops $50,000: IMX, OP, STX, SUI, BONK
5 Lesser-Known Altcoins To Buy as the cryptocurrency market gears up for a bullish phase in 2024. The crypto market is rising, and in the lead is Bitcoin price, which topped $50,000 for the first time since December 2021. A closer look at the larger market brings to light five altcoins to buy, including Immutable […]
Economist Warns ETF Outflows Could Pressure Bitcoin Down
Peter Schiff, an economist, warns that Bitcoin (BTC) might suffer from downward price pressure caused by the outflows from Bitcoin ETFs. Following withdrawals from Bitcoin ETFs, Schiff’s statements point to the possibility that this could have an adverse impact on Bitcoin’s price performance. Bitcoin ETF Outflows Raise Concerns Bitcoin ETFs have seen outflows over the […]