In A Nutshell Despite a recent slow down in the Bitcoin market and a dip in spot Bitcoin ETF (Exchange Traded Funds) inflows, Bitcoin traders, particularly short-term holders, have found themselves back in the green. This shift in fortune can be attributed to a robust rally that pushed Bitcoin prices to a two-month high, above…
In A Nutshell A compact Bitcoin mining device, known as the Bitaxe, has astoundingly produced a Bitcoin block, securing over $200,000 in BTC for its operator. Despite its modest hash rate of 500 gigahashes per second (Gh/s), the Bitaxe achieved what is likened to winning a lottery in the mining community, given the slim odds…
In A Nutshell After years of anticipation, Bitstamp has announced it will initiate the repayment process to Mt. Gox creditors starting July 25. This move follows the reception of a significant asset transfer from the trustees of the defunct exchange, including over 5,000 Bitcoin (BTC), along with Bitcoin Cash (BCH) and Ether (ETH). The repayment…
In A Nutshell Despite a recent decline in on-chain activity and a minimal drop in price, Bitcoin investors remain steadfast, showcasing confidence in the digital asset’s long-term value. Veteran Bitcoin holders continue to hold onto their investments, undeterred by near-term market fluctuations and the asset’s approach to its all-time high. With strong support levels identified…
In A Nutshell The New York Stock Exchange (NYSE) has officially approved the listing of Ethereum (ETH) Exchange Traded Funds (ETFs) from Bitwise and Grayscale. This move opens up new avenues for institutional and retail investors to engage with ETH, the second-largest cryptocurrency by market capitalization. Despite the clearance, the immediate market response exhibits uncertainty,…
In A Nutshell NPC Labs, a GameFi infrastructure startup born from the expertise of three former Coinbase employees, has secured a substantial $21 million in fresh funding to push forward the development of gaming projects on Coinbase’s Ethereum layer 2 network, known as Base. The investment round was spearheaded by Pantera Capital, introducing a significant…
In A Nutshell The cryptocurrency world is once again abuzz with the recent spike in POPCAT’s price, marking a new all-time high. However, a closer examination of its trading volumes and social media metrics suggests that this surge might not be sustainable in the long run. Let’s delve into the factors behind POPCAT’s price movement,…
In A Nutshell Dogecoin (DOGE), the world’s most recognized memecoin, has captured the attention of the cryptocurrency market once again with its recent price performance. Over the past week, DOGE has seen an impressive surge of more than 15%, sparking discussions about its potential future movements. The spotlight is now on a predicted 66% hike,…
In A Nutshell The crypto market is currently abuzz with the potential impacts of the ‘Trump Trade’ on Bitcoin’s value. With Bitcoin recently surpassing the $60K mark and a significant $1.8 billion in BTC and ETH crypto options set to expire soon, investors are keenly watching how these developments could influence Bitcoin’s trajectory. Market sentiment…
In A Nutshell The cryptocurrency dogwifhat (WIF) has recently displayed bullish signals, drawing attention to its critical resistance level of $2.4. Analysts predict that overcoming this threshold could signify a robust upward trajectory for WIF, potentially setting new benchmarks for its market value. Understanding the $2.4 Resistance Resistance levels in cryptocurrency refer to a price…