The month of August has been a rollercoaster ride for Bitcoin investors, with the cryptocurrency experiencing significant price fluctuations. The month started on a high note but quickly turned sour as the BTC price saw a 30% crash in the first week. This crash triggered a market-wide decline, with altcoins also taking a hit. While
Ethereum, like many other cryptocurrencies, is currently facing significant selling pressure, struggling to recover from the weakness seen in early August. Despite some fleeting moments of strength following the dramatic sell-off on August 5th, prices continue to hover below the $2,800 mark. However, there is a glimmer of hope visible on the daily chart, as
In the ever-evolving world of Layer 2 networks, there has been a notable shift in dominance with Base, an Ethereum Layer 2 network supported by Coinbase, rapidly gaining ground. Recent data from IntoTheBlock indicates that Base now boasts almost 40% more daily active addresses compared to its competitors, namely Arbitrum and Optimism. This surge in
Bitcoin has experienced a rollercoaster week, with significant fluctuations in its price. After a hard slip, the cryptocurrency went on the offensive and surged to a weekly high of just under $62,000. This sudden turnaround came after a period of volatility and uncertainty in the market. In addition to Bitcoin’s surge, other larger-cap altcoins such
The Indian government is taking proactive steps to introduce comprehensive regulations for the crypto sector, signaling a commitment to establishing a regulatory framework for digital currencies in the country. The upcoming plan includes the release of a consultation paper in the coming weeks, aimed at soliciting feedback from stakeholders. This initiative aligns with Finance Minister
In a recent announcement, the popular crypto exchange Coinbase revealed its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). This move is set to bring significant changes to the Polygon ecosystem and the broader cryptocurrency community. Starting on August 26, Coinbase will initiate
Dalmas Ngetich, a prominent figure in the world of cryptocurrency reporting, has managed to carve a unique niche for himself in the industry. With a background in mechanical engineering and years of experience in journalism, Dalmas has successfully delivered over 10,000 news and feature articles over the past eight years. His expertise in NFTs, blockchain,
Bitcoin has seen a turbulent period recently, with an influx of around 100,000 BTC from government sales and Mt. Gox distributions leading to bearish market conditions. Technical analyst Willy Woo highlighted the impact of this influx, noting that it had led to an increase in speculation and the creation of more paper Bitcoin in the
