[ad_1] The cryptocurrency market is currently experiencing significant turbulence, prompting a shift in investor behavior towards Bitcoin, which has traditionally been seen as the safest asset within the digital currency ecosystem. Related Reading This shift has resulted in Bitcoin’s dominance climbing to a nine-week high of 57%. Amidst the market chaos, Bitcoin has emerged as a beacon of relative stability, while altcoins are bearing the brunt of the sell-off. Flight To Safety: Bitcoin’s Rising Dominance In times of market uncertainty, investors often gravitate towards what they perceive as safer assets. This behavior is evident in the recent crypto market dynamics,…
Author: dfrancis36
[ad_1] Bitcoin (BTC) has been maintaining its multi-month highs for another consecutive month, just a step away from its historical highs. It is driving investor activity and, consequently, the trading volumes of the largest crypto exchanges. In May, the spot volume for the top ten platforms exceeded $1 trillion, growing by 173% compared to the same month a year earlier.Cryptocurrency Exchange Volumes up YoY, but Falling in 2024Looking at the statistics of the largest cryptocurrency exchanges in terms of volume, we notice that May brought the second month of declines after a record-breaking March. April saw a 60% plunge post-halving,…
[ad_1] In a shocking revelation that has stirred the crypto market, the Solana-based memecoin named DJT, initially marketed as a project backed by Donald Trump’s youngest son Barron, has been exposed as a fraudulent scheme. The orchestrator behind this scam is none other than Martin Shkreli, a controversial figure previously known for his provocative maneuvers in the pharmaceutical industry. The Trump Coin (DJT) Is Fake The intrigue around DJT began when insiders claimed that Barron Trump was involved in the creation of the memecoin, providing early investment opportunities to a select few. This narrative gained traction rapidly within the crypto…
[ad_1] An analyst who accurately called the 2022 crypto collapse is turning bullish on Solana (SOL) and Render (RNDR). Pseudonymous analyst Capo tells his 90,280 Telegram subscribers that Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend pattern. “Added more to the SOL and RNDR longs.” Solana is trading for $133 at time of writing, down nearly 7% in the last 24 hours. Meanwhile, RNDR is trading for $7.17 at time of writing, down 10% in the last 24 hours. The analyst is also watching the three-day OTHERS chart, which tracks the…
[ad_1] The once-sizzling altcoin market is facing a harsh reality check. Prices have plummeted a staggering 40-90% in recent months, mirroring past crashes but with a glacial pace that’s leaving investors numb. Renowned crypto analyst Daan Crypto sees this as a necessary correction, albeit a slow and potentially painful one. Related Reading Echoes Of Crashes Past, But With A Muted Roar Seasoned crypto veterans might be experiencing a sense of deja vu. The scene: altcoin prices in freefall, portfolios hemorrhaging value. The twist? This bear market, while no less brutal in its outcome, lacks the ferocious speed of its predecessors.…
[ad_1] Former president Donald Trump is doubling down on his pro-Bitcoin stance, arguing that the USA must lead in Bitcoin and crypto or risk falling behind. Trump has emerged as a vocal Bitcoin advocate while campaigning for the 2024 election.Trump became the first US president to accept Bitcoin lightning payments and oppose central bank digital currencies. On the campaign trail, he has promised to keep regulators away from Bitcoin if elected.Yesterday in Wisconsin, Trump further declared he will “end Joe Biden’s war on crypto” to secure America’s future. He added new comments that “We will ensure that the future of…
[ad_1] An “airdrop hunter” secured $753,000 worth of the new ZKsync token (ZK) via 85 wallets, according to the crypto tracker Lookonchain. Lookonchain notes the trader proceeded to deposit 2.71 million ZK worth $678,000 into Binance and sold 300,000 ZK for 20 Ethereum (ETH) worth $69,000 via the decentralized exchange (DEX) SyncSwap. ZKsync is a layer-2 Ethereum scaling protocol. The project launched the ZK token’s first airdrop on Monday, with a plan to distribute 17.5% of the asset’s overall supply to 695,232 wallets. The ZKsync Association noted on Monday that more than 45% of the airdropped ZK token supply had…
[ad_1] My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to…
[ad_1] In the wake of Donald Trump’s recent endorsement of cryptocurrency donations for his campaign, cybercriminals have seized the opportunity to exploit his loyal base. Leveraging the enthusiasm and trust of Trump supporters, these scammers have unleashed a wave of sophisticated attacks, creating fake donation websites and phishing schemes designed to siphon off campaign funds. Misspelled Domains And Fake Payment Processes The methods employed by these fraudsters are both clever and insidious. One common technique involves the use of slightly misspelled domain names that mimic the official campaign site. Domains such as “donalbjtrump[.]com” and “doonaldjtrump[.]com” were registered immediately after Trump’s…
[ad_1] Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become…