Bitcoin has recently seen a recovery in its price after a month of bearish price action. The market is currently showing upward momentum, raising the possibility of hitting a new all-time high soon. On the daily chart, Bitcoin found support at the $56K level and reclaimed the 200-day moving average around $60K. Despite these positive
Crypto
Shiba Inu (SHIB) has experienced a rollercoaster ride in terms of its price recently. The second-largest meme coin in terms of market capitalization saw a substantial surge in the past two weeks, with its price jumping by almost 20%. However, this rally was abruptly halted in the last 24 hours, with SHIB’s price dropping by
Cryptocurrency exchange OKX recently announced the discontinuation of its services in Nigeria, citing recent regulatory changes as the primary reason. Nigerian users of OKX received emails informing them that they have until August 30 to withdraw their assets from the platform. After August 16, users will no longer be able to open new positions, accounts,
Bitwise Asset Management’s Chief Investment Officer has made bold predictions regarding the price of Ethereum (ETH) following the introduction of Ethereum Exchange-Traded Products (ETPs). According to the CIO, ETH prices could potentially surpass $5,000 by the end of the year as a result of ETP flows. It is suggested that ETP flows may have a
In recent times, XRP has stood out as one of the top-performing cryptocurrency assets as the market experiences a gradual recovery. The digital asset managed to reach $0.62, a price level not seen since March, showcasing its resilience and potential for growth. Over the past week, XRP has seen an impressive increase of over 40%,
In the volatile world of cryptocurrency, Bitcoin recently experienced a significant price surge, reaching $66,000 for the first time in approximately a month. This uptick follows a tumultuous period where the price of Bitcoin plummeted to a three-month low of under $54,000 on July 5. However, since then, the digital asset has managed to bounce
Australian computer scientist Craig Wright’s assertion that he is the true identity behind Bitcoin’s mysterious creator, Satoshi Nakamoto, has landed him in hot water. In a recent ruling in the ongoing Crypto Open Patent Alliance (COPA) vs. Wright case, High Court Justice James Mellor has escalated the situation by referring Wright’s behavior to the Crown
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to a major exploit, resulting in a loss of over $8 million. Reports from Cyvers Alerts indicated the detection of suspicious transactions within the LI.FI cross-chain transaction aggregator, leading to the confirmation of the breach by LI.FI on July 16. The team advised users to
The US spot Bitcoin ETFs have demonstrated remarkable resilience, recording a daily net inflow of $301 million on July 15th. This impressive performance marks their seventh consecutive day of net inflows, signaling a strong investor interest in the cryptocurrency market amid a broader market recovery. Notably, none of the ETFs experienced outflows on that day.
The rollercoaster ride of Bitcoin’s price has been on full display in the past few weeks. Just as the leading digital asset soared to a new all-time high of $65,000, news about Mt. Gox moving billions in BTC sent shockwaves through the market, causing a rapid decline of over two thousand dollars in just a
