The Trump family is making a killing in the cryptocurrency world. Their new cryptocurrency, World Liberty Financial (WLFI), has skyrocketed their net worth by over $5 billion practically overnight. Instant Success Launched on September 1st, WLFI generated a huge amount of hype. Over a billion dollars worth of the coin changed hands in the first…
Bitcoin mining is about to get a whole lot tougher. The difficulty of mining Bitcoin – a measure of how hard it is to add new transactions to the blockchain – is set to increase by about 5%. This will be the fifth consecutive increase, pushing the difficulty to a new all-time high. Why the…
Bitcoin’s price is hanging around $110,000, after a bumpy ride. While some think the price will drop further, many believe the long-term outlook is still positive, seeing this as a normal pause in a strong market. The short-term picture is uncertain, but Bitcoin’s key support levels haven’t been broken yet. A Regional Liquidity Battle Recently,…
REX Shares is about to launch what it claims will be the first Dogecoin ETF in the US. They announced this on X (formerly Twitter), even though several other companies are still waiting for the SEC to approve their Dogecoin ETF applications. How REX is Getting Ahead So how can REX launch a Dogecoin ETF…
Ethereum is experiencing a massive upswing in activity, hitting a 12-month high with 1.8 million daily transactions. This shows just how popular and useful the network has become. A Year-High Transaction Record Last month saw Ethereum reach a major milestone: 1.8 million daily transactions—the highest in a year! This huge jump shows a significant increase…
Bitcoin and Ethereum have been super volatile lately, leading to a lot of trading activity. This has caused open interest (the total number of outstanding derivative contracts) for both to skyrocket. Let’s look at what this means. Open Interest at Near Record Highs In late August, Ethereum’s price surged, hitting a new all-time high above…
Ethereum (ETH) has been on a rollercoaster ride lately. After hitting a high of nearly $5,000 in August, it’s now trading around $4,000. But some analysts are still bullish, predicting a significant price jump. Will ETH Reach $5,500? One analyst from CryptoQuant points to a few key factors supporting a potential rise to $5,500: Illiquid…
Tom Lee, chairman of BitMine, predicts a massive surge in Ethereum’s price, potentially reaching $62,500. His prediction is based on a complex calculation involving ratios and the potential for Ethereum to become the backbone of Wall Street’s financial system. The Ratio Game Lee’s analysis focuses on the ratio between Ethereum (ETH) and Bitcoin (BTC). He…
Bitcoin is testing a crucial support level, and whether September’s downturn signals a big change is the big question. Historically, September dips have often been followed by strong rallies in the fourth quarter, making this a make-or-break moment for Bitcoin’s price. Bitcoin Hits Bull Market Support Analyst Benjamin Cowen recently pointed out that Bitcoin briefly…
Metaplanet, a Japanese company, has become a major player in the Bitcoin world. They’ve quietly amassed a whopping 20,000 Bitcoin, making them one of the biggest corporate Bitcoin holders globally. A Big Bitcoin Buy Their recent purchase of over 1,000 BTC pushed their total holdings over the 20,000 mark, surpassing even Riot Platforms. This isn’t…
