Bitcoin price fell on Monday, extending a deep decline from the past week as concerns over U.S. interest rates and anticipation of key inflation data kept traders largely biased towards the dollar. The world’s largest cryptocurrency was nursing steep losses over the past week as traders grew skeptical over the timing of interest rate cuts
Crypto
In a recent post, Ripple CTO David Schwartz discussed his approach to holding and selling Bitcoin. He shared personal insights into his own strategy, revealing that he would sell Bitcoin when he needed funds for specific expenses like taxes or purchasing items. This approach sheds light on how early Bitcoin investors behaved during the cryptocurrency’s
Bitcoin miners have been actively selling their holdings following the halving event, which halves the block reward for miners. This has resulted in a prolonged phase of miner capitulation, as mining becomes unprofitable and miners are forced to liquidate their Bitcoin holdings to cover expenses. The on-chain data suggests that this selling pressure is not
Recent data has shown a significant increase in interest from retail investors in buying Bitcoin at its current prices. According to macro analyst Axel Adler, accounts with up to $10,000 are showing a surge in interest, with the metric already up by 7% from the local bottom reached in May. While this may not be
The Nervos Network (CKB) has been making waves in the cryptocurrency world, with a groundbreaking analysis by Messari highlighting its pivotal role in enhancing Bitcoin’s technological framework. By leveraging its innovative Layer-1 blockchain and RGB++ protocol, Nervos is addressing critical scalability and programmability challenges within the Bitcoin ecosystem. The report not only expands on Bitcoin’s
The recent drop in the price of Bitcoin, the leading cryptocurrency in terms of market capitalization, has raised concerns in the crypto market. The price fell to a one-month low of $63,300, signaling a potential exhaustion of the record-breaking rise witnessed earlier this year. This downturn is attributed to the lack of new market drivers
Bitcoin, the leading cryptocurrency, has surged in price over the past year, hitting new highs in 2023. However, recent data suggests a concerning trend regarding on-chain activity. On-chain activity refers to the transactions and interactions recorded directly on the blockchain, providing insights into market behavior and sentiment. A decline in exchange-related on-chain activity for Bitcoin
ChainwireW3GG has just announced the exciting launch of an exclusive private sale of its W3GG tokens, set to begin on July 1, 2024. This sale presents a unique opportunity for community members to purchase tokens at an initial price of $0.05 each, showcasing W3GG’s commitment to community-driven growth and rewarding early supporters. The private sale
In a groundbreaking move, Zeek has successfully closed a USD 3M seed funding round from prominent investors such as OKX Ventures, Animoca Brands, and Mask Network. This marks a significant milestone for Zeek as they gear up to revolutionize the way social collaboration functions in the realm of SocialFi. With the introduction of reputation mechanisms
The recent launch of the VanEck Bitcoin ETF on the Australian Securities Exchange marks a significant moment for the country’s financial markets. This move comes as investors are showing renewed interest in cryptocurrencies following a surge in prices. The ETF, which has been in the making for over three years, is set to provide Australian