Author: News Room
Bitcoin’s price dropped below $67,000 on a few occasions in the past 24 hours but has reacted well to each correction and now sits at that line once again. The altcoins are slightly in the red on a daily scale, with TON, ADA, and SHIB retracing by around 3%. BTC Goes Down and Up It was less than a week ago – last Tuesday – when the primary cryptocurrency’s price had declined to just over $61,000 amid some Coinbase issues. However, the asset bounced off almost immediately and started a notable rally on Wednesday after the US CPI numbers were…
Billionaire investor Warren Buffett, known as the “Oracle of Omaha,” has famously expressed his dislike for Bitcoin, as he referred to it as “rat poison squared” in 2018. Buffett emphasized that Bitcoin lacks intrinsic value, likening its allure to playing the roulette wheel. Berkshire Hathaway Vice Chairman Charlie Munger recently advocated for the U.S. to follow China’s lead and ban it, characterizing Bitcoin as a gambling contract heavily skewed in favor of the house. With Berkshire Hathaway achieving its highest-ever annual profit last year, it is currently holding crypto assets. Does this signify a big change in how institutional investors…
The Fantasy Top collection led the non-fungible token (NFT) sales market on Sunday, with US$1.8 million in daily sales, according to CryptoSlam. This collection had 8,610 daily transactions across 2,155 unique buyers and 3,430 sellers. With the latest figures accounted for, Fantasy Top’s all-time sales volume has now reached US$46.13 million. Fantasy Top trades on Blast, an Ethereum layer-2 chain by the creators of Blur NFT marketplace. Blast ranked fourth in CryptoSlam’s daily blockchain rankings, with Fantasy Top recording most of the network’s sales. Ethereum held the top spot with a total sales volume of US$4.87 million on Sunday, a…
The tranquility of the Sunday afternoon crypto market was shattered today by a staggering $1.9 billion worth of Solana (SOL) tokens being moved between unidentified wallets. This massive transaction involved over 11 million SOL, capturing the attention of market watchers and sparking speculation. According to Whale Alert, the transfer began with the SOL tokens being moved from the address “DnDz” to “4njYP.” Soon after, the tokens were transferred again to “4fAG,” eventually ending up in a new address with no prior transaction history. The identity of the parties behind this significant movement remains unknown, as does the reason for choosing…
The final deadline for the first spot Ethereum ETF is Wednesday, May 23. This is when the SEC will approve or deny VanEck’s application. The Ark 21Shares spot ETH ETF application deadline is on the following day, Thursday, May 24, but what happens Wednesday will set the tone for the rest of the issuers. Other issuers waiting for a decision from the US regulator include Hashdex, Grayscale, Invesco Galaxy, BlackRock, and Fidelity. Approval Odds Not Looking Good On May 20, ETF Store President Nate Geraci observed that the SEC must approve both the 19b-4s (exchange rule changes) and the S-1s…
Shiba Inu saw another surge of activity in the market over the last 24 hours. Various entities, including whales and exchanges, have been actively moving their SHIB holdings, pushing the number of whale-tier transactions up. Here’s a breakdown of these transactions and the potential reasons behind them. Recent data highlights significant movement within the Shiba Inu ecosystem. For instance, a Robinhood hot wallet transferred 45.01 billion SHIB (valued at approximately $1.13 million) to another Robinhood wallet. Additionally, a Symbolic Capital Partners MEV Bot executed multiple transactions, each involving around 50 billion SHIB, with values ranging from $1.23 million to $1.26…
Ripple’s (XRP) price rallied to a one-month peak of $0.56 on May 6. But has since shed 9% of its value. Although the altcoin remains at risk of a price decline in the short term, it may present a buying opportunity for traders looking to trade against the market. Ripple Has Little to Offer in the Interim XRP currently trades below its 20-day Exponential Moving Average (EMA) at $0.51. The token’s price crossed under this key moving average on May 13, confirming the uptick in its sell-offs among market participants. When an asset’s price falls below its 20-day EMA, it signals…
The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened by injecting between $80 million and $100 million. […] Read the full article here
TL;DR Bitcoin (BTC) experienced notable volatility early in the month but has recently stabilized around $67K. Ethereum (ETH) saw a substantial 5.6% increase over the past week, currently trading around $3,100, with predictions of further significant gains in the coming months. Shiba Inu’s Shibarium witnessed a rise in daily transactions and transaction volume, coinciding with recent network upgrades enhancing functionality and wallet compatibility. How’s BTC Doing? The price of the primary cryptocurrency did not start the month on the right foot, briefly plunging below $58,000. Over the next few weeks, it experienced enhanced volatility, rising above $65K and dropping to…
In recent developments, China has shown a significant increase in gold trading activities, sparking discussions about the potential implications for the cryptocurrency markets, particularly Bitcoin. The surge in gold purchases by China, noted by Bitcoin advocate and founder of Bitgrow Lab, Vivek, has raised questions about the country’s strategy amidst global economic uncertainties. Vivek highlighted this trend on X (formerly Twitter), where he shared a graph showing a leap in China’s gold trading from under $1 million to over $2 million. Accompanying the graph, Vivek speculated, “China is buying gold like never before. Preparing for USD collapse? #Bitcoin.” This observation…