Bitcoin (BTC) has faced significant price weaknesses recently, particularly following the release of August nonfarm payrolls (NFP) data, which did not meet analysts’ expectations. This lackluster data led to a sharp decline in BTC’s price, dropping nearly 5% to trade below the $54,000 range. This price dip marked its lowest level since early August. In
Friend.tech recently made a significant decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move has had a profound impact on the platform’s ecosystem, particularly affecting the value of the FRIEND token. While the immediate market reactions were noticeable, the decision reflects deeper issues that Friend.tech has been
Ethereum, despite its popularity, has been underperforming when compared to other top cryptocurrencies by market cap. This downward trend has left many investors in a precarious position, with the price of ETH potentially falling below $2,000 once again. The recent decline in price has led to the formation of a falling wedge pattern for Ethereum,
Crypto analyst Daan Crypto recently shared insights from a Bitcoin Rainbow Chart, shedding light on the crypto’s current price action. According to the analyst, Bitcoin needs to maintain its position above $60,000 to initiate a bullish reversal. The chart indicates that Bitcoin is currently trading in the dark green region, struggling to stay within the
Recently, the United States Federal Bureau of Investigation (FBI) issued a concerning alert regarding the aggressive attacks from North Korean hackers targeting the crypto industry and companies associated with digital asset investment products. These attacks are not only advanced but also involve sophisticated social engineering tactics that are challenging to detect, even for individuals well-versed
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