Bitcoin (BTC) has nullified the bearish trend, climbing above the $43,000 threshold, as investors anticipate a rate halt from the Federal Reserve in the forthcoming session. The surge marks a notable rebound for cryptocurrency, aligning with market projections and investor sentiment surrounding the impending Federal Open Market Committee’s (FOMC) meeting. Federal Reserve Anticipation The recovery […]
NFT Marketplace Giant Magic Eden Floats Multi-Chain Crypto Wallet
Magic Eden wallet dubbed “Emmy” is the newest addition to the leading Non-fungible token (NFT) marketplace’s ecosystem. Magic Eden Wallet Emergence: Key Benefit The NFT marketplace has launched a multi-chain self-custodial wallet that is compatible with the four blockchains including Solana, Bitcoin, Polygon, and Ethereum. According to a previous post on X, even though the […]
Bitcoin Price to Retest $48000 As Bullish Pattern Hints End of Correction
Bitcoin, the leading cryptocurrency, entered the new week with a solid bullish outlook with an intraday of 2.6% and currently trading at $43158. This uptick has surpassed last week’s high, the period which creates wide market concern of a potential downfall. A look at the daily time frame shows the Bitcoin price reversal has also […]
Chainlink Price Prediction: Will $LINK Consolidation Fuel a Rise to $25?
Chainlink price prediction: LINK price has recently displayed a notable bullish pattern in early 2024, with its market value for LINK showing a remarkable increase of over 100%. Despite this, the currency has faced some bearish trends recently, with a 3% decline noted weekly. However, over the past weekend, Chainlink has shown a remarkable recovery, […]
Nasdaq-Listed Bitdeer Announces New CEO as Bitcoin Miner’s Market Cap Rises
Nasdaq-listed Bitdeer on Monday announced a transition in its current management. The Bitcoin miner named its founder and chairman as its new CEO. The company’s decision to go through a management restructuring comes at a time when it is undergoing a market cap expansion and growing customer base. Bitdeer names founder and chairman as new […]
GBTC Outflows Dip by 50% as Bitcoin ETFs Continue to Gain Traction
The BlackRock Bitcoin ETF recently achieved a significant milestone, surpassing $2 billion in holdings. This achievement comes amid a decrease in outflows from the Grayscale Bitcoin Trust (GBTC), which saw a 50% dip. However, the market observed Bitcoin maintaining its grip on the $43,000 mark as of press time, trading at $43,137 despite bearish pressure […]
Here’s Why Terra Classic (LUNC) Price Is At Risk Of 30% Fall
Amid the market uncertainty surrounding the Bitcoin ETF launch, the Terra Classic Coin price traded sideways for a major portion of January 2024. The daily time chart validates this consolation as the formation of a bearish pennant. A recent breakdown below the triangle’s support hints at the intensifying selling momentum and risk of prolonged downfall. […]
EU Proposes Stricter Rules for Non-EU Crypto Firms
The European Securities and Markets Authority (ESMA) has recently laid stringent operational guidelines for crypto firms outside the European Union (EU). Consequently, these firms face severe restrictions in directly serving clients within the EU, marking a significant development in cryptocurrency regulation. The primary aim is to curb unfair competitive practices and ensure a level playing […]
Crypto Loot Worth $623M Recovered in 2023: Report
Blockchain security firm PeckShield has released an annual report that detailed the series of crypto hacks perpetrated in 2023 and the volume of stolen crypto for the year. Stolen Crypto Incidence Drops in 2023 According to an X post from PeckShield, 2023 saw over 600 major crypto hacks that led to the loss of approximately […]
Solana Price Prediction As SOL Holds Strong Above $97 Mark, Eyeing Next Breakout At $140
Solana price prediction: SOL price has witnessed a remarkable trajectory in the digital currency realm throughout 2023. This altcoin’s value soared by an impressive 900%, showcasing its potential and capturing the attention of investors. Despite this remarkable growth, the onset of January marked a period of correction. SOL dipped by around 20%, slipping beneath the […]