The AVAX native token for the layer-1 blockchain Avalanche has experienced a significant downturn, dropping more than 10% to its lowest level since December 2023. In just 24 hours, the token plummeted from $27.87 to an intraday low of $24.92, marking a dramatic 37% decline over the past month. This steep decline in value reflects
Crypto
In the midst of Ripple’s ongoing legal battles with the SEC, analysts are diving into technical patterns to predict potential price movements for XRP. One such analyst, EGRAG CRYPTO, has identified a bullish candle formation called the quarterly hammer. This formation suggests that XRP needs to close the next three-month candle within the range of
The month of May proved to be a significant one for the cryptocurrency industry, with a total of $1 billion worth of investments being disclosed across 156 different projects. Ethereum emerged as the dominant player in this space, showcasing its strength and appeal to investors. In a twist of events, the tax evasion charges against
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been a hot topic in the cryptocurrency world. If Ripple were to lose the case, the consequences could be severe not only for the company but also for the entire cryptocurrency market. The regulator initially sought a $2 billion penalty, but the
The TRON network has seen a significant surge in the trading volume of its native stablecoin Tether (USDT), surpassing the average daily trading volume of payment giant Visa for the first quarter of 2024. This milestone is particularly noteworthy as Visa is considered one of the world’s largest payment processors, handling billions of transactions globally.
Standard Chartered Bank, a prominent British multinational bank, is making waves in the financial industry by venturing into the world of cryptocurrencies. The bank is set to launch a trading desk dedicated to Bitcoin and Ether, marking its entry into the spot cryptocurrency trading arena. This move positions Standard Chartered as one of the pioneering
The recent surge in political-themed meme coins has caused a stir in the cryptocurrency market. With tokens like Super Trump (STRUMP), Maga (TRUMP), Maga Hat (MAGA), Jeo Boden (BODEN), and Doland Tremp (TREMP) gaining popularity, it is clear that these coins have become speculative assets for many investors. The market caps and trading volumes of
In the world of cryptocurrencies, Bitcoin has always been a dominant force that influences market trends. However, a recent shift has been observed where Ethereum holders have been exhibiting a different behavior compared to Bitcoin holders. While long-term holders of Bitcoin have been selling off their assets, long-term holders of Ethereum have been accumulating. This
Bitcoin’s price movements have been lackluster as the asset failed to sustain its momentum above $66,400 and was pushed down towards $64,000 multiple times in the past week. Despite reaching highs of $70,000, it faced significant rejections that brought its price below $65,000 by Friday. The weekend saw a slight recovery, with Bitcoin trading just
In recent news, the cryptocurrency market has shown signs of recovery after experiencing losses in the past few days. Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have seen slight gains, while AI-related coins like Fetch.ai have seen double-digit increases. However, not all coins have been so fortunate, with some experiencing significant
