In a May 21 X post, cryptocurrency trader Matthew Hyland endorsed PEPE as the most promising memecoin linked to the potential approval of an ETH ETF. A separate anonymous cryptocurrency dealer, “Kaleo,” reported that PEPE’s performance was a sure sign of the market’s growing recognition of the coin’s possibilities. Market Trends: Euphoria fueled by rumors […]
The burning rate of Shiba Inu has seen an increase of approximately 570% in the last 24 hours. This resulted in four notable trades. Additionally, the price of SHIB increased, raising the chances of reaching the $0.0001 milestone. The Shiba Inu coin burn rate has increased dramatically. The notable increase in burning rates has resulted
Burn Rate of Shiba Inu Token Rises Beyond 500%: What’s Next for it? Read More »
Important points: According to Chainalysis report According to a recent survey, the cryptocurrency market in the United Arab Emirates (UAE) saw tremendous growth in the last year. According to a Chainalysis study, the UAE recorded significant capital gains of $204 million in 2023 from its cryptocurrency investments. The UAE ranked second among GCC countries, only
In the UAE, Bitcoin takes the top spot for cryptocurrencies Read More »
The sudden decline in the cryptocurrency market in recent days has discouraged investors. Still, Bitcoin and other cryptocurrencies surged sharply. Despite this recent surge, Bitcoin has not yet succeeded in crossing the $70,000 mark. As a result, it is now quite clear that the Bitcoin market should proceed with caution. JP Morgan released a report
According to JP Morgan report, Bitcoin is still in the “overbought zone” Read More »
The biggest asset manager in the world recently introduced its $100 million BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This Ethereum-based investment vehicle by BlackRock has created quite a stir in the cryptocurrency market. BlackRock’s Bitcoin ETF was a BIG Success! This move follows BlackRock’s successful launch of a bitcoin ETF in early 2024. And,
BlackRock’s BUIDL Fund Receives Payment from Tornado Cash: Good OR Bad News? Read More »
Bitcoin (BTC) rose by more than 9% in the last 24 hours. However, the $68K resistance was not broken. Selling pressure halted the optimistic recovery. Bitcoin fell below $70K on 15th March. It. then hit a 10-day low of $60.9K before rising yesterday. Will buyers be able to overcome the $68K barrier and set another
Are Investors getting tired of Bitcoin? Bitcoin rejected at $68K Read More »
Important point: A total of $742 million has been withdrawn from Bitcoin ETFs in the last three days. The negative trend has been led by Grayscale’s GBTC, which saw an outflow of $386.6 million on Wednesday. However, the U.S. Bitcoin ETF has received net inflows of $11.42 billion since its launch. What Is the Grayscale
3rd-Day Losses for Bitcoin ETFs: $742M Lost During Cryptocurrency Crash Read More »
The price of Bitcoin recently dropped below $61,000 due to concerns about the upcoming financial coverage decision of the US central bank. Market rises after Fed meeting Before the FOMC meeting, the overall market was in bad shape, but now things have changed. But yesterday, assets saw a bounce as the Federal Reserve reported no
Bitcoin is fighting to hold above $63,000 after momentarily falling below $61K this morning, just hours before the FOMC meeting. Yesterday saw Bitcoin fall by 8%, the biggest one-day decline since the collapse of FTX, which has made traders extremely wary. The world’s biggest and most established cryptocurrency fell to $60,951.91 on Wednesday morning before
Bitcoin trying to hold $63K ahead of Fed meeting Read More »
These days, Bitcoin’s trajectory has been somewhat unpredictable. The price fell sharply after reaching a record high of nearly $74,000 last weeks. Many analysts predicted a “healthy” retracement before another uptrend and warned that a 20% decline was possible. However, the community is interested in knowing how low the property could go. We decided to
Factors Affecting Bitcoin’s Decline in Value and Potential Path to $60K Read More »
