Month: May 2024

Cryptocurrency, often shortened to “crypto,” is a type of digital or virtual currency that uses cryptography for security and operates on decentralized networks. Let’s dive deeper into the key components and concepts underlying cryptocurrencies: Decentralization: Unlike traditional currencies issued and regulated by governments and central banks, cryptocurrencies operate on decentralized networks. This means there is … Read more

Ethereum (ETH) Ethereum broke under $3,000 and closes this week with a 5% loss. This latest crash in the price made a lower low which shows bears are still in control of the price action. The current support is at $2,900 and buyers have to protect this level at all costs. If they fail, then … Read more

XRP has remained resilient amidst a general market downturn, with analysts predicting substantial future gains. The ongoing Ripple v. SEC lawsuit could significantly influence the asset’s price, depending on the outcome. XRP Future Outlooks The latest correction in the cryptocurrency market, which resulted in multi-month low prices for Bitcoin (BTC), Ethereum (ETH), and many other … Read more

Bitcoin, the world’s leading cryptocurrency, underwent a programmed reduction in its new coin creation rate on April 19. This event, known as a “halving,” occurs roughly every four years and is designed to slow down the overall supply of Bitcoin as per CoinGecko. Bitcoin’s dominance is currently 54.14 per cent, an increase of 0.12 per … Read more

Bitcoin (BTC) trades at $66,074 on Tuesday, marginally higher than its price a day ago, CoinDesk data showed. The fourth bitcoin-halving took place on Friday, following which the issuance rate of new bitcoin dropped to 3.125 every 10 minutes. It is a little surprising that bitcoin is trading at muted prices post-halving. Experts explain this by saying that the … Read more

On-chain analyst Willy Woo believes Bitcoin (BTC) is on track to increase by over 1,500% based on one main driver. Woo tells his 1.1 million followers on the social media platform X that increasing adoption of Bitcoin could drive the top-performing digital asset to $1 million within 11 years. According to Woo, there is a … Read more

While many market segments panic-sold their Bitcoin (BTC) this week, the digital currency’s largest whales seem to have bought the dip with size. Whales Buy The Bitcoin Dip According to data provided by CryptoQuant CEO Ki Young Ju, active Bitcoin whale addresses accumulated 47,000 BTC within 24 hours following Bitcoin’s slide this week below $57,000 … Read more

For newcomers, especially those in and around retirement age, the idea of investing in or owning bitcoin can evoke reactions from skepticism to disbelief. If you look beyond the popular narratives, however, you might find there is more to the story than first impressions suggest. Here are six reasons to consider owning at least some … Read more

Old-school commodities trader Peter Brandt has published an X post with a bullish prediction about the way he expects the BTC price to behave after the current correction. Peter Brandt’s 50th trading anniversary In the X post, Brandt shared that the current 2024 year is the 53rd anniversary of the first futures market trade. As … Read more