Bitcoin traders are optimistic about a potential reversal in the recent downtrend, pointing to a bullish candle hammer formation on Bitcoin's weekly price chart. The founders of renowned market intelligence firm Glassnode, Jan Happel and Yana Allemann, also...
On May 9, the Trump-themed memecoin MAGA (TRUMP) surged by as much as 78% following Republican presidential candidate Donald Trump's comments on cryptocurrencies. Trading at $6, up 46% over the last 24 hours, MAGA saw a 620% jump...
Marc Boiron, CEO of Polygon, an Ethereum Layer 2 scaling solution, has voiced skepticism about the current push to develop Layer 3 (L3) applications, a new kind of Ethereum scaling solution. In a social media post published on...
Bitcoin mining firm Core Scientific recorded significant improvements in its financial performance for the first quarter since emerging from bankruptcy. In its latest earnings report, the company reported total revenue of $179.3 million in the first quarter of...
According to Dante Cook, head of business at Swan Bitcoin, Japan's significant holdings of U.S. Treasurys could spell disaster for both countries if the yen continues to decline. According to Google Finance, one Japanese yen is currently worth...
Only Bitwise Bitcoin ETF recorded net inflows for the trading day ending May 8, 2024. According to data from SoSo Value, the ETF had a net inflow of about $12 million into its portfolio. Notably, Grayscale’s Bitcoin Trust...
XRP has plummeted to a three-year low against Bitcoin, sparking speculation among investors about a potential turnaround and buying opportunity. According to TradingView data, the XRP/BTC pair is currently trading at $0.52 compared to Bitcoin's $62,175, marking levels...
The Hong Kong Monetary Authority (HKMA) has unveiled plans to collaborate with industry stakeholders to explore the potential of asset tokenization. According to its latest official announcement, the island’s top financial regulator and central bank revealed that it...
Will Clemente, co-founder of Reflexivity Research, has predicted that Bitcoin's price may be preparing for an upward trajectory. In a social media post published on May 7, Clemente suggested that Bitcoin is currently in a consolidation phase before...
Ethereum's (ETH) price has been trailing behind Bitcoin's gains in 2024, but analysts from Glassnode suggest that brighter days could be on the horizon for the popular cryptocurrency. According to data from TradingView, Ethereum has been underperforming compared...
