Over $500 million in Ethereum (ETH) long positions could be liquidated if the price experiences another major drop this weekend. This concern stems from the recent volatility witnessed in the ETH market, with sharp price swings becoming a recurring theme. Price Swings Threaten Ethereum Longs Last weekend, the price of ETH plunged by 2.5%, dropping to $3,036, triggering liquidations for ...
Ki Young Ju, the founder and CEO of CryptoQuant, voiced his support on April 25 for crypto mixing, arguing that such activities were not illegal. His reaction was in response to the arrest of Samourai Wallet’s founders, which sparked concerns in the crypto community over the U.S. government’s aggressive crackdown on the crypto industry. CryptoQuant CEO Voices Out Concerns On ...
The Bitcoin (BTC) price chopped either side of the $64,000 level on Friday in the wake of the latest US inflation data report, which showed the Core PCE index rising 0.3% MoM in March, in line with the market’s expectations. A MoM inflation rate of 0.3% translates to an annualized inflation rate of around 3.6%. That’s well above the Fed’s ...
Stablecoin adoption is increasing rapidly. Data from research firm rwa.xyz shows the number of addresses holding both dollar and crypto-pegged stablecoins has increased by 15% in 2024, which is the highest to date. New research from blockchain analysis firm Chainalysis further found the growing prominence of stablecoins in overall on-chain transaction activity. Chainalysis’ “Crypto Spring Report” noted that stablecoins are ...
As the Cardano (ADA) price struggles to gain traction, investors are turning to a new virtual reality ICO called 5thScape (5SCAPE) to chase potential 2,300% profits. Cardano is currently stuck in a downtrend from its 2024 highs above $0.80. The 21DMA is also providing strong resistance. Last at $0.468, ADA is down over 10% from earlier weekly highs. As the ...
With major cryptocurrencies trading with a bearish bias on Friday, investors are scouring altcoins markets for the best crypto to buy now for quick gains. Bitcoin (BTC) was last trading with losses of around 1%, just below $64,000. Ether (ETH), meanwhile, is stuck in the mid-$3,100s. Another US data release pointed to sticky inflation pressures in the country, emphasizing the ...
Thursday, April 25, 2024 – An enigmatic new presale for crypto’s latest canine sensation, AI meme coin WienerAI ($WAI), has already attracted over $350,000 in its first fortnight, as investors pile in for a tokenized piece of Ethereum’s new cybernetic sausage dog. WienerAI recalls another successful recent token launch, canine meme coin and AI security token Scotty the AI ($SCOTTY), ...
NFT art collection, CryptoPunks, has sold another record-breaking piece entitled CryptoPunk 635 on the Ethereum blockchain for $12.38 Million ETH, the collection announced Thursday in a statement to X. Alien CryptoPunk NFT Sees Record Price In Latest Groundbreaking Sale As one of only nine alien punks, CryptoPunk 635 is an ultra-rare entity. It was sold as the fourth highest-value piece ...
Bitcoin core developer Luke Dashjr criticized the Runes protocol in a Friday X post, suggesting it exploits a fundamental design flaw within the Bitcoin blockchain network. In his post, Dashjr highlighted the contrasting nature of Ordinal Inscriptions and the Runes protocol in their interactions with the network. Ordinals exploits vulnerabilities. Runes merely exploit design flaws. — Luke Dashjr (@LukeDashjr) April ...
Bitcoin Price Prediction In today’s financial landscape, Bitcoin price predictions have become increasingly relevant as the cryptocurrency navigates through volatile market conditions. Currently priced at $64,226, Bitcoin shows a minor decrease of 0.75% within the last 24 hours, yet maintains its dominance with a robust market cap of approximately $1.25 trillion. Bitcoin Price Prediction Looking at the technical analysis, Bitcoin ...