The winds of change are blowing through the cryptocurrency market once again. After a weekend dip triggered by geopolitical tensions in the Middle East, Bitcoin (BTC) has bounced back into positive territory. This upswing coincides with the highly anticipated decision on the approval of spot-based Bitcoin Exchange Traded Funds (ETFs) in Hong Kong, a development
The Federal Reserve’s recent actions have sparked debate within the cryptocurrency community. While some see a bullish signal for Bitcoin (BTC), others warn of a potential “perfect price storm” on the horizon. Let’s dissect the Fed’s moves and their potential impact on the world’s leading cryptocurrency. Accommodative Policy Ends, Bitcoin Volatility Rises The Federal Reserve,
The Bitcoin bull run continues as the world’s leading cryptocurrency shattered records this week, reaching a staggering high of $73,750. This surge in price has ignited a firestorm of speculation, with analysts and investors alike questioning: is $75,000 the next frontier for Bitcoin? Several factors are fueling this unprecedented growth. The long-awaited approval of a
The once-booming cryptocurrency market experienced a harsh winter chill this week, with the total market capitalization falling below the symbolic $2 trillion mark for the first time since July 2021. Bitcoin, the industry leader, saw its price plunge below $40,000, raising concerns about a prolonged downturn. The recent sell-off was triggered by a confluence of
The dog days are over for Dogecoin (DOGE), at least for now. The meme-based cryptocurrency surged to a seven-day high on January 26th, fueled by two seemingly unrelated events: the creation of a mysterious “XPayments” account on social media platform X, and a controversial $7 million profit made by a trader using a dubious tactic.
Central banks around the world are raising the volume on their Central Bank Digital Currencies (CBDCs), with pilot programs accelerating across geographies. From China’s e-CNY leading the charge to the Bahamas’ Sand Dollar setting a rhythm, this digital payment revolution is rapidly moving from theory to practice. The CBDC Chorus Hits Harmony: While the concept
In a scene ripped from a Silicon Valley morality play, the trial of Sam Bankman-Fried, the once-revered FTX founder, has commenced in a New York courtroom. The air crackles with a mix of anticipation and apprehension as the crypto community, still reeling from the FTX implosion, watches with bated breath. Bankman-Fried, once hailed as a
In a significant setback for crypto firm Terraform Labs and its founder Do Kwon, the Singapore High Court has dismissed their motion to dismiss a class-action lawsuit against them. The lawsuit, filed in July 2022, alleges that Terraform Labs and Kwon engaged in fraudulent misrepresentation and deceptive conduct that caused investors to lose billions of
In the ever-evolving landscape of cryptocurrency, investors and enthusiasts are always on the lookout for the next big thing. As we approach 2023, several altcoins stand out as potential rising stars, poised for explosive growth. These digital assets offer unique features, innovative technologies, and compelling use cases that could propel them to the forefront of
Bitcoin (BTC), which has been leading a price crash that is more widespread and sustained over the last 24 hours, has caused a sell-off of more than 97% altcoins within the top 100 to reach unprecedented levels. Data from CoinGlass indicates the market recorded $162.7 in total liquidations during the last day. Bitcoin has slipped past $25,000 and
