[ad_1] On Sunday, the Bitcoin price saw a sudden crash that sent the likes of Dogecoin and Shiba Inu spiraling alongside it. This crash saw $2,000 wiped off the Bitcoin price in mere minutes, bringing it back down below $66,000. While this decline did not last at the time, there were a few factors behind it, which inflicted worry in crypto investors across the space. Why Did The Bitcoin Price Fall? The Bitcoin price crash below $66,000 had one major factor behind it and that was the US President Joe Biden. For months now, the war between President Joe Biden…
Author: dfrancis36
[ad_1] Spot Bitcoin ETFs have achieved yet another milestone, recording a total of 900,000 BTC since its launch. This historic milestone occurs amidst the substantial wave of BTC accumulation in July. Spot Bitcoin ETFs Holdings Surpass 900,000 BTC Spot Bitcoin ETFs have accomplished an unprecedented feat, as the United States BTC ETF holdings have now surpassed a staggering 900,000 BTC valued at more than $60 billion. Nate Geraci, President of the ETF Store revealed in a recent X (formerly Twitter) post that the US Spot Bitcoin ETFs recent 900,000 BTC milestone represents about 4.3% of BTC’S total supply of 21 million…
[ad_1] Prominent analytics firm Santiment says that increased volume in one crypto sector has been a precursor to marketwide rallies in the past month. Santiment says it is looking at volume jumps in different areas of crypto to see which one can be a predictor of future price rallies. According to the firm, the current crypto rally began on July 8th when traders allocated capital to Bitcoin (BTC) and layer-1 projects. “All of the major volume spikes from the past month, illustrated by different sectors. Increased volume in Bitcoin and layer-1 assets leads to future crypto rises.Increased volume in AI…
[ad_1] This week promises to be a landmark in the Bitcoin and industry, characterized by several high-stakes events that could reshape the market dynamics for BTC, Ethereum, and other crypto assets. #1 Bitcoin 2024 Conference The Bitcoin 2024 conference, scheduled for July 25-27 in Nashville, is drawing exceptional attention this year due to its high-profile lineup of speakers, most notably Donald Trump. Currently the frontrunner in the US presidential race, Trump is slated to give a keynote on the conference’s final day (Saturday). The Bitcoin community is rife with speculation that Trump might announce plans to establish a US Bitcoin…
[ad_1] Bitcoin (BTC), the world’s leading cryptocurrency, has recently experienced a pullback, with its price heading for the $66,736 level. This dip follows a period of significant bullish activity that had previously pushed BTC’s price above this mark. As the price of the crypto asset approaches this critical level, the key question is whether the bulls can regain strength and drive BTC back into an upward trajectory. In this analysis, we will examine Bitcoin’s recent price movement with the help of technical indicators and explore the possibility of a bullish recovery at the $66,736 mark. With a market capitalization of…
[ad_1] In a sudden and alarming development within the Indian cryptocurrency market, WazirX, the nation’s largest digital asset exchange has temporarily suspended its trading services following a recent hack incident faced by the platform in the prior week. This action was necessary in response to the hack on the exchange, which has a sizable user base and is essential to the nation’s developing cryptocurrency industry. WazirX Puts Crypto Trading Services On Hold Last week, the India-based crypto exchange WazirX became the latest victim of a cyber attack, which has become a major discussion within the crypto community. The incident is…
[ad_1] The use of cryptocurrencies in various criminal activities has become increasingly prevalent, according to Europol’s latest Internet Organised Crime Threat Assessment (IOCTA) report released today (Monday). The European Union’s law enforcement agency highlights the growing role of digital assets and artificial intelligence in cybercrime, signaling potential challenges for investigators and regulators alike.In its 10th annual IOCTA report, Europol emphasizes that cryptocurrency adoption among cybercriminals has expanded beyond traditional use cases, permeating a wider array of illicit activities. This trend poses significant concerns for law enforcement agencies struggling to keep pace with rapidly evolving criminal tactics.Catherine De Bolle, the Executive…
[ad_1] The Hong Kong Stock Exchange (HKEX) is poised to make history tomorrow with the launch of Asia’s first inverse Bitcoin exchange-traded fund (ETF).JUST IN: 🇭🇰 Asia’s first inverse #Bitcoin ETF to go live tomorrow in Hong Kong. pic.twitter.com/HSV28BZd2l— Bitcoin Magazine (@BitcoinMagazine) July 22, 2024 The CSOP Bitcoin Futures Daily (-1x) Inverse Product will begin trading on July 23rd. The ETF will invest in short positions on Bitcoin futures contracts traded on the Chicago Mercantile Exchange. This gives traders exposure to the daily inverse performance of the underlying Bitcoin futures index.Traders can hedge risk or speculate on downward price moves by…
[ad_1] Terra Classic (USTC) has made headlines with a 17% price increase. Trading and expert attention is currently on the token’s quick ascent. People assume a significant positive divergence caused the bullish momentum. Related Reading Respected crypto expert Javon Marks has shown his positive view of Terra Classic. Marks posted recently on X expressing his opinion that the token may see a significant rise and estimating a target price of $0.08097. Should this optimistic projection materialize, the rise from the existing price would be astounding—279%. Marks’ projection indicates that the holding breakthrough seen in the recent market movements makes this…
[ad_1] As the Bitcoin 2024 conference in Nashville draws near, scheduled for July 25-27, the BTC community braces for what could be a pivotal moment in Bitcoin’s history. The event is attracting unprecedented attention, possibly set to surpass the landmark announcement in 2021 by Jack Mallers that El Salvador would adopt Bitcoin as legal tender. The anticipation around the conference has been significantly amplified by the scheduled appearance of Donald Trump, the leading US presidential candidate. Rumors that began circulating last week have suggested that Trump might endorse Bitcoin as a potential reserve asset should he win the presidential election…