Ethereum (ETH) has recently experienced a decline in price, dropping to around $3,500 according to CoinGecko. This represents a 9% decrease on a weekly basis, mirroring the trend seen in many other cryptocurrencies over the past few days. Analysts’ Positive Predictions Despite the recent price decline, analysts remain optimistic about the future of Ethereum. Some
Crypto
After a prolonged legal battle between Terraform Labs and the Securities and Exchange Commission (SEC), a settlement has been reached. The defunct crypto firm has agreed to pay a staggering $4.47 billion fine for engaging in fraudulent activity related to the defunct Terra blockchain. This settlement marks a significant development in the case that has
ENA, the native token of Ethena, has been experiencing a downward spiral in recent weeks. With the price plummeting to $0.73, the lowest since May 20th, ENA holders have been facing substantial losses. The largest ENA staker, who previously held 23.24 million ENA valued at approximately $17.3 million, decided to unstake their entire position. This
The cryptocurrency market experienced a significant surge following the release of the latest US Consumer Price Index (CPI) data. Bitcoin and Ethereum saw gains of 3.4% and 2.43% in the past 24 hours, respectively. Despite this positive movement, the market remains uncertain, with Bitcoin hovering around $70,000 and Ethereum struggling to surpass $4,000. Investors are
The recent performance of risk assets in the financial sector has raised concerns among market experts regarding the vulnerability of Bitcoin (BTC) to economic factors. According to a Bitfinex Alpha report, the ongoing uncertainty surrounding interest rate cuts by U.S. authorities has cast a shadow over assets like BTC, which witnessed a temporary dent last
In June, US spot Bitcoin ETFs, including GBTC, saw a surge in purchases, with a collective acquisition of 25,729 BTC during the first week alone. This was a significant increase compared to the figures from the previous months, such as January, which saw the acquisition of 33,456 BTC, followed by 116,561 BTC in February and
Bitcoin’s price over the weekend experienced a slight increase towards $70,000 before retracing back to familiar territory. The market seemed relatively calm, with most altcoins showing little movement. However, a few outliers such as BNB, NEAR, FIL, and FET recorded noticeable price drops, indicating some volatility in the market. ETF Inflows Impact on Bitcoin Bitcoin
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
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
