The recent trends in altcoin and Bitcoin pairs appear to be following a familiar pattern, with a potential final flush out of altcoins looming on the horizon. This cycle mirrors the events of June 2019, just before the United States Federal Reserve decided to cut interest rates. As history has shown, these market cycles tend
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Bitcoin has been experiencing significant volatility in recent days, with analysts predicting a potential rally towards $83,000 in the near future. 10x Research CEO Markus Thielen has identified a “head and shoulders” chart pattern that suggests a new all-time high may be on the horizon. Despite hitting resistance levels and retreating to just over $69,000,
The digital infrastructure industry in North America is witnessing a significant development with the recent announcement of a strategic partnership between Core Scientific and CoreWeave. This partnership involves a series of long-term contracts extending over 12 years, highlighting a mutual commitment to collaboration and growth in the high-performance computing (HPC) sector. Core Scientific, a key
Recently, Coinbase CEO Brian Armstrong announced that over a million individuals have joined the ‘Stand With Crypto’ movement to advocate for the cryptocurrency industry. The surge in membership was particularly notable after a Whitehouse veto threat, with an additional 600,000 supporters rallying around recent bipartisan victories in Congress. Armstrong emphasized that the momentum behind pro-crypto
Ethereum (ETH), the second largest cryptocurrency by market capitalization, has recently experienced a significant price drop below the 4-hour Simple Moving Average (SMA). This technical development has caught the attention of traders and investors, as the 4-hour SMA is often utilized to assess short-term market momentum. When a cryptocurrency’s price falls below this moving average,
In recent times, the cryptocurrency market has been buzzing with excitement and volatility. Bitcoin, the flagship cryptocurrency, has been on a rollercoaster ride with drastic price fluctuations. The introduction of Exchange-Traded Funds (ETFs) in the United States has been a major catalyst for these price movements. Initially, the approval of Bitcoin ETFs by the US
The recent indictment of Bill Guan, the chief financial officer of Epoch Times, by the US Department of Justice has shed light on a disturbing international money laundering scheme. From 2020 to May 2024, Guan allegedly led a sophisticated operation to launder approximately $67 million of illicit funds using cryptocurrency. The scheme involved purchasing stolen
Ripple’s XRP has been hovering around the $0.52 mark, showing signs of stability in the midst of a volatile crypto market. However, analysts are divided on the token’s future price movements. While some believe that XRP could potentially rise to $0.70 in the coming months, others predict a possible drop to $0.27. Content creators and
A recent incident involving an early investor in the Solana-based meme coin ANDY has brought to light the dark side of the crypto world. The exploit, highlighted by a popular on-chain sleuth in his Telegram channel, saw the draining of approximately $2 million worth of meme coins in several transactions. The perpetrator wasted no time
The recent stagnation of the Bitcoin price at the $71,000 level has left many investors wondering about the next major move. Analyst Alan Santana has delved into the Bitcoin chart to predict the possible direction of the price. Santana’s analysis reveals that Bitcoin has been on a bullish streak for over a year, spanning 479
