Bitcoin’s price has been quite the rollercoaster lately! After hitting a record high above $124,100, it’s settled around $118,000. But where does it go from here? Important Support Levels to Watch A crypto analyst, Ali Martinez, has identified some key price points that could determine Bitcoin’s next move. He used a metric called cost-basis distribution…
Last year, WazirX, an Indian crypto exchange, suffered a major hack, losing around $235 million of user funds. This forced them to halt withdrawals, leaving users’ money stuck. But there’s good news! A Restructuring Plan Gets Approved WazirX has been working on a restructuring plan to get users their crypto back. They recently held a…
BitMine, a publicly traded company, is making huge waves in the crypto world. They’ve just become the second-largest crypto treasury globally, holding a jaw-dropping $6.6 billion worth of Ethereum (ETH). That’s over 1.52 million ETH tokens – a whopping 1.26% of all the ETH out there! The Ethereum King This isn’t just a big number;…
Big names in the crypto world have teamed up to create a new nonprofit aimed at shaping how the US government handles blockchain and AI. This group wants to make sure lawmakers understand these fast-moving technologies. The American Innovation Project: Bridging the Gap The American Innovation Project (AIP) is the brainchild of Coinbase, Uniswap Labs,…
Bitcoin’s recent price action has been a bit of a rollercoaster. After failing to break through $120,000 and then $125,000, it’s now struggling to stay above $115,000. This is causing some jitters in the market. Fading Momentum: Apparent Demand Slows Down While Bitcoin hit new all-time highs recently, it’s quickly pulled back. Analyst Axel Adler…
Ethereum recently took a bit of a dive from around $4,700, but don’t panic! Many investors see this as a buying opportunity. Dip Buying Frenzy Ethereum’s price dropped below $4,500, but data from Glassnode shows that big investors are actually buying more. Their analysis suggests that both institutional and individual investors are seeing this price…
This fall, Washington D.C. is set to shake up the financial world with some major policy changes impacting banks, fintech companies, and the crypto industry. It’s going to be a huge deal, potentially redrawing the lines between these three major players. The Stablecoin Showdown: GENIUS Act and Beyond The GENIUS Act, the first federal framework…
MicroStrategy, the business intelligence company known for its massive Bitcoin holdings, has updated its approach to buying Bitcoin and managing its stock. This change is significant and affects how the company will handle issuing new shares, repurchasing its own stock, and acquiring more Bitcoin. The New Plan: A Multi-Level Approach MicroStrategy’s new strategy centers around…
Bo Hines, recently a member of President Trump’s crypto task force, has quickly transitioned to the private sector, joining Tether as a Strategic Advisor for Digital Assets and United States Strategy. This move comes just days after he left his White House position. A Fast-Paced Career Change Hines’s departure from the White House and subsequent…
After a 15-week winning streak, the crypto market finally saw some money leave. Last week, investors pulled out a whopping $223 million, marking the first weekly outflows in over three months. What Happened? CoinShares, a big name in crypto asset management, reported the downturn. They say the change in mood started after some key US…
