Alcohol Brands Explore the NFT Space: Implications for Legal Compliance
The concept of non-fungible tokens (NFTs) has transcended its origins in the art and music domains and has now become prevalent among luxury fashion labels and renowned movie franchises. Recently, beverage alcohol brands have also joined the trend. For instance, Budweiser successfully sold all of its $500 NFTs in just one hour, while Glenfiddich introduced […]
Ethereum Price Restructures Gains, Opening Path to Crucial Range Support
The price of Ethereum (ETH) has once again failed to break above the crucial resistance level of $1,880 against the US Dollar. As a result, the cryptocurrency has experienced a decline and is currently struggling to find support. Analysts predict that unless the situation improves, ETH could continue its downward trajectory, potentially targeting the $1,790 […]
Bitcoin Price Shows Resilience as Bears Maintain Grip
The current trading price of the flagship cryptocurrency is $26,895, which means a significant decrease of 61.04% from the all-time high of $69,044.77 reached over a year ago, especially in November 2021. Merely days prior, Bitcoin struggled to surpass the $27,000 threshold. Bitcoin market have coincided with dovish remarks made by Jerome Powell, the Chair […]
Ethereum Price Could Experience Bullish Momentum if it Breaks Above This Level
Ethereum managed to breach the $1,800 price mark initially, but it has since entered a phase of consolidation. Over the past 24 hours, there has been little progress in terms of price movement, reflecting a lack of significant advancements in Ethereum’s price within the weekly chart. The technical analysis points to a bearish outlook for […]
PEPE Prices Retreat as Memecoin Minting Hype Subsides
Memecoin mania appears to be waning as the prices of popular coins like PEPE experience a decline. While this may be good news for Bitcoin enthusiasts, it may not bode well for investors as the crypto markets continue to correct. The recent frenzy surrounding memecoin minting, which caused congestion on the Bitcoin network last week, […]
Memecoins: A Means to Embrace Cryptocurrency or a Dangerous Distraction?
The universe of cryptocurrencies is extensive, intricate, and constantly changing. One noteworthy trend that has surfaced in recent years is the emergence of memecoins. These digital tokens have created a divide within the market, leading to debates about their impact on promoting adoption or posing a threat to the legitimacy of the sector. In this […]
Bitcoin Price Faces Another Rejection, Fueling Fears of a Downward Trend
Bitcoin’s attempt to surpass the resistance at $30,000 has fallen short, resulting in a decline in its price. As it stands, there is a looming risk of a further slide towards the support zone at $27,200. At the moment, BTC is experiencing a dip from the $29,750 resistance region, with its price currently trading below […]
The future of Bitcoin’s value with the Federal Reserve meeting approaching
The Bitcoin price may experience its most significant day of the month today, depending on the interest rate decision made by the U.S. Federal Reserve (Fed) and the subsequent press conference by the Federal Open Market Committee (FOMC). In March, the Fed increased the benchmark interest rate by 0.25 basis points (bps), and while the […]
Seven Crypto Projects to Release Tokens This Week: Potential Price Impacts?
This week, a total of seven cryptocurrency and DeFi platforms are gearing up for token unlocks. As we know, such events often result in supply dilution, which can put a downward pressure on token prices. It all begins with the 1inch exchange, which is scheduled to unlock its tokens on May 1. Although the amount […]
Bitcoin Halving 2024: Closing the Gap between Expectations and Reality
The Bitcoin halving event holds immense significance for the entire cryptocurrency industry, as it has a significant impact on market participants’ activity and miners’ profitability. With the next halving predicted to occur in just a year, experts and crypto enthusiasts alike are speculating on the potential movement of BTC price leading up to and following […]
MiCA: Shaping the Future Landscape of Cryptocurrency Regulation on a Global Scale?
The approval of MiCA (Markets in Crypto-assets) by the European Parliament, which sets forth requirements for the cryptocurrency market, is expected to have implications for centralized exchanges operating in the EU. The implementation of a unified set of rules could potentially facilitate the entry of digital asset-related companies into the European market. However, it may […]
Bitcoin’s Dive: A Closer Look at the Cryptocurrency Market This Week
Bitcoin is currently trading below $30,000 as of April 19, with an estimated exchange rate of $29.2 thousand, which is noticeably lower than its recent peak of $31 thousand on April 14. Other top cryptocurrencies are also experiencing similar trends. This has raised concerns among investors that Bitcoin may have already reached its local price […]
Crypto Experts Predict Bitcoin Could Retest All-Time High of $69,000, While Industry Leaders Forecast Rise to $1 Million
The beginning of the second quarter has brought positive news for Bitcoin, as its price has increased since the start of the year and even surpassed the psychological milestone of $31,000. While there has been some subsequent correction, the market still believes that Bitcoin has the potential for further growth. In fact, the favorable conditions […]
What are the potential consequences of purchasing Bitcoin beyond the $30,000 threshold?
The exchange rate of Bitcoin surpassed $30 thousand on the morning of April 11, marking its first such high since June 1, 2022. The cryptocurrency’s value increased by 7% as it grew in price by $2 thousand over the course of the day. Altcoins also saw an upward trend, although not as significant as that […]
Bitcoin shows bullish signs on long-term charts: is a rally or correction in store?
From 3 to 9 April, there was a period of low activity in the trading market, with the price of Bitcoin trading within the range of $27,200 to $28,775 throughout the workweek. Two exceptions to this were on Monday (April 3) and Wednesday (April 5), where an increase in volatility was observed. Despite falling to […]
Numbers Speak: DeFi Liquidity and Bitcoin Recovery amidst Banking Chaos in March
Bitcoin had an impressive performance in the first quarter of 2021, closing as the best quarter since the beginning of the year. This achievement came at a time when the US banking sector was facing a crisis, leading to increased demand for leading cryptocurrencies. The “Fear and Greed Index” updated its yearly maximum, pointing to […]
Matt Damon at Crypto.com Ad and Pavel Durov’s Telegram Open Network (TON) project.
Matt Damon explains why he did a Crypto.com ad, citing a difficult year for his Clean Water Foundation Matt Damon recently shared the reason behind his appearance in the 2021 Crypto.com ad advertisement. In a recent interview with the Associated Press, the Hollywood icon said that the primary motive for becoming the face of the […]
Cryptocurrency market: what to consider before trading Altcoins in April
While the cryptocurrency market offers numerous digital assets that could be profitable investments for long-term holding, it may be wise to temporarily abstain from trading specific cryptocurrencies. Based on past performance and historical data, there are some altcoins that traders might want to steer clear of in April. One reason for this is the poor […]
The crypto industry’s response to traditional bank bailouts: A supportive ally?
In the beginning, the enthusiasm for crypto was based on the idea of cutting out the rigged banking system and allowing people to exchange goods and funds freely. However, as digital assets become more involved with the financial market, this idea has lost some of its significance. Despite recent bailouts of failed institutions such as […]
Bitcoin’s prospects in light of the cryptocurrency market’s liquidity hitting a ten-month low.
The US banking crisis has coincided with Bitcoin reaching a new yearly high this month. Despite this, cryptocurrency enthusiasts are still apprehensive as the liquidity of BTC has hit its lowest point in the past ten months. The reason for this can be attributed to the closure of the SEN and Signet payment networks, previously […]