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Bitcoin recently experienced a sharp dip below $50,000, triggering a cascade effect on other cryptocurrencies in the market. This unexpected downturn left many short-term holders facing unrealized losses and led to a period of consolidation that has lasted longer than anticipated. A report from Glassnode indicates that the crash was primarily driven by an overreaction
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The recent performance of Bitcoin ETFs has been nothing short of impressive, with over $500 million flowing into the largest US-based products. On the contrary, Ethereum ETFs are facing challenges, with minimal trading volumes and consistent withdrawals. Bitcoin ETFs experienced a setback at the beginning of the month, losing more than $550 million in just
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Ethereum (ETH) seems to have weathered the storm, with various indicators suggesting that the worst may be behind the second-largest cryptocurrency by market capitalization. One key metric, the market value to realized value (MVRV) lowest pricing level, currently stands at $1,687, indicating that the bottom may have already been reached for ETH. This metric is
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The cryptocurrency market is currently experiencing a mix of price stagnation and volatility, causing investors to eagerly anticipate the upcoming Pectra upgrade for the Ethereum (ETH) network. Scheduled for the first quarter of 2025, this major update is expected to bring significant advancements to the network, attracting the attention of bullish analysts who believe it
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Indian cryptocurrency exchange WazirX is facing challenges in its restructuring process, as external parties not invested in the platform are attempting to prolong the process for their own gains. The exchange has highlighted that these parties are creating uncertainty and hindering the resolution process, rather than working towards a solution. Following a major security breach
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Opeyemi, a dedicated writer, has found his passion in the dynamic and extraordinary realm of cryptocurrency. Despite not initially choosing the digital asset industry, he has been captivated by it for over two years. His commitment to creating unique content that demystifies blockchain technology and provides insights into cryptocurrency trends is truly commendable. Opeyemi’s fascination
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