The Merge that Ethereum underwent two years ago has had a significant impact on its performance relative to Bitcoin. Once known for its reputation as ultra-sound money, ether (ETH) is now facing the possibility of falling into undervaluation territory. Blockchain analytics platform CryptoQuant has pinpointed the major drivers behind Ethereum’s underperformance post-Merge, including inflationary supply
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. Despite the ongoing downturn, there are certain metrics that indicate a growing optimism among some investors. It seems that a portion of the market is accumulating ADA at these levels, suggesting
Bitcoin’s market price on crypto exchanges recently fell to its lowest price since the early August massacre, dropping below $50,000 for the first time since spot Bitcoin ETFs were greenlighted in the US and began to see actual demand. This significant drop has raised concerns among investors and traders alike about the future direction of
Bitcoin experienced a rollercoaster ride last week, starting with an attempt to reach $60,000 on Tuesday, only to be met with strong resistance that pushed it back down to $55,500 by Wednesday. The situation worsened with another lower high on Thursday, bringing the price down to $55,200 on Friday in anticipation of the US jobs
In a groundbreaking case in Scotland, the authorities have seized £110,000 from John Ross Rennie, a 29-year-old individual. This incident has significant implications as it is the first time that proceeds of crime legislation have been used to confiscate cryptocurrency as physical cash. Rennie, from Cambuslang, was convicted of possessing stolen goods after being involved
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB) for significant deficiencies in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. The central bank’s examination in May 2023 revealed shortcomings in UTB’s board oversight and
Opeyemi is not just a writer, he is an enthusiast in the exciting and unique cryptocurrency realm. His foray into this digital asset industry has kept him absolutely drawn for over two years now. What sets Opeyemi apart is his ability to create unique pieces unraveling the complexities of blockchain technology and sharing insights on
Ethereum has been experiencing a significant downturn, with a sharp decline in price following a pullback to the lower boundary of a broken wedge pattern. This decline has been further confirmed by the formation of a death cross, where the 100-day moving average crosses below the 200-day moving average. The overall sentiment in the market
The cryptocurrency market has been experiencing volatility, but that hasn’t stopped large investors from actively participating. Data analysis from Santiment has identified the top ten crypto projects with the highest increase in whale activity, focusing on transactions valued at $100,000 or more. Let’s delve into the projects that have seen a surge in whale activity
Ethereum (ETH) has been facing significant selling pressure recently, with its price plummeting by 23% to yearly lows of $2,200. One of the main reasons behind this decline is the diminishing on-chain activity of Ethereum. The total transaction fees on the Ethereum network have been on a downward trend, mainly due to lower fees following
