In A Nutshell Worldcoin, a cryptocurrency that recently achieved a market price exceeding $6, has caught the attention of investors and traders alike. Despite this upward price movement, there are concerns regarding the non-trending On-Balance Volume (OBV), indicating that the buying pressure behind this surge might be weaker than expected. This analysis draws upon recent…
In A Nutshell Core Scientific, a leading Bitcoin mining firm, has reported a remarkable turnaround in its financial performance for the first quarter of 2024. Following its emergence from Chapter 11 bankruptcy, the company has seen a substantial increase in revenue and net income, driven by significant gains in digital asset mining and hosting revenues….
In A Nutshell The cryptocurrency market is witnessing a tug-of-war, with dogwifhat (WIF) struggling to maintain its bullish momentum. After failing to breach the $3.6 mark, concerns are mounting over a potential downturn to the $2.4 support level. This piece delves into the recent price actions of WIF, alongside market sentiment and technical indicators, to…
In A Nutshell Ethereum’s price hovers around the $3,000 mark as a significant increase in short positions highlights traders’ expectations for a continued downtrend. Recent data reveal a surge in short liquidation to over $800 million, demonstrating a bearish sentiment in the Ethereum market. This shift comes after a series of long position liquidations, suggesting…
In A Nutshell The landscape of cryptocurrency is once again under the scrutiny of the United States Securities and Exchange Commission (SEC). Recent events have illustrated a continuing and intensified effort by the SEC to regulate the crypto industry through legal challenges. This marks another chapter in the ongoing tension between regulatory bodies and the…
In A Nutshell Bitcoin exchange inflows have plummeted to levels not witnessed in nearly a decade, according to recent data from analytics platform CryptoQuant. This shift occurs despite Bitcoin’s climb to near $74,000 all-time highs, suggesting a significant adjustment in market sentiment and investor strategy. Notably, the volume of Bitcoin flowing into exchanges has decreased…
In A Nutshell A recent Visa report, as highlighted by Bloomberg, reveals a surprising insight into the stablecoin market: over 90% of transaction volumes are attributed to bots and large traders, leaving less than 10% to genuine human users. This statistic sheds light on the current state of stablecoin adoption and its significant disparity from…
In A Nutshell The Gnus.AI blockchain network recently fell victim to a significant security breach, leading to the loss of approximately $1.27 million through a token-minting exploit. An attacker gained unauthorized access to a key team account and minted 100 million fake tokens. These were then sold, causing a drastic price drop and resulting in…
In A Nutshell Jack Dorsey, the co-founder of Twitter and a significant figure in the technological world, has stepped down from the board of Bluesky, a decentralized social media platform he helped conceive and fund in 2019. This departure marks a pivotal moment in the journey of Bluesky, which only opened to the public in…
In A Nutshell Bitcoin (BTC) is currently facing a tough challenge trying to break through two major resistance lines at the $60,000 mark. Despite a recovery of up to 6.2% from the week’s lows, BTC/USD struggles to surpass these crucial technical barriers. The 100-day moving average (MA) at $59,930 and the short-term holder realized price…