Ethereum Price Action Ethereum's price remains above the $2,000 threshold, with a 24-hour trading range between $2,031 and $2,072. Over the past seven days, ETH has experienced an 8% increase, and over the past 30 days, it has risen by 32.5% against the U.S. dollar. While the relative strength index (RSI) stands at 72.2 and […]
Ethereum Technical Analysis: ETH’s Bullish Streak Meets Oscillator Caution Read More »
Memecoin Leads the Way with Impressive Gains While the overall cryptocurrency market has been relatively stable, some digital currencies have experienced significant movements. On Monday, memecoin (MEME) stole the spotlight with a remarkable surge of 44.28% against the U.S. dollar. This gain made MEME the top performer of the day, capturing the attention of investors
Crypto Market Update: Memecoin Surges, ARK Slumps Read More »
Swan Bitcoin's Decision to Terminate Accounts Swan Bitcoin, a prominent bitcoin exchange platform, recently made an important announcement regarding its policies. The company has decided to terminate the accounts of users who directly interact with bitcoin mixing services. This decision comes as a response to the pressure from banking institutions, following a proposal made by
Blackrock Advocates for Spot Ether ETF Approval Blackrock, the world's largest asset manager, is making a case for the approval of spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The company believes that the introduction of a spot ETH ETF would be a significant victory for safeguarding U.S. investors in
Blackrock Urges SEC to Approve Spot Ethereum ETFs for the Protection of U.S. Investors Read More »
A Strong Foundation for Bitcoin as Legal Tender As El Salvador prepares for President Nayib Bukele's re-election, the country's experiment with Bitcoin as legal tender is gaining traction and receiving increased support from institutional investors. With less than three months until the actual vote on February 4, 2024, Bukele maintains a significant lead in the
El Salvador’s Bitcoin Experiment Gains Momentum as Re-Election Nears Read More »
The Surge in Transaction Costs Over the past three weeks, the transaction costs for bitcoin (BTC) have experienced a sharp increase, reaching a peak of $15 per transfer just three days ago. Similarly, the cost to transfer ethereum (ETH) has also seen a significant jump. From October 22 to November 12, 2023, the average fee
The Rising Cost of Transferring Ether and Bitcoin: A Closer Look Read More »
Bithumb's Potential IPO Strategy Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange (KOSPI) platform in the future. Efforts to Surpass Upbit's Market Supremacy According to Edaily,
Bithumb Considers a Public Listing on Kosdaq in 2025 Read More »
JPMorgan analysts have cautioned that despite recent legal defeats by the Securities and Exchange Commission (SEC) against crypto firms, there is unlikely to be a significant easing of U.S. crypto regulations. The analysts highlighted the lack of regulation in the industry as a reason for continued regulatory tightening. JPMorgan Sees Continued Crypto Regulatory Tightening In
JPMorgan: US Crypto Regulations Unlikely to Ease Despite SEC Legal Defeats Read More »
The Rationale Behind Moody's Decision The credit agency Moody's has recently revised the credit outlook of the United States from "stable" to "negative." This decision comes as a result of concerns over persistent large fiscal deficits and diminishing debt affordability. Moody's announcement follows a previous downgrade by Fitch, indicating ongoing apprehension among investors regarding federal
In the past week, solana (SOL) has garnered significant attention in the cryptocurrency community due to its remarkable increase in value against the U.S. dollar. Over the last 24 hours, SOL has witnessed an impressive 11% gain, and its value has skyrocketed by 45.2% in just one week. As a result, SOL has climbed to
Solana’s Rally Surges by 184% in 30 Days as $19M in SOL Shorts Liquidate in 24 Hours Read More »