Ethereum (ETH) appears to have weathered the storm, with various indicators suggesting that the worst may be behind us for the second-largest cryptocurrency by market cap. One key metric that points to a potential market turnaround is Ethereum’s Market Value to Realized Value (MVRV) ratio, which has hit a low of $1,687. This level typically
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The recent dip in the price of Bitcoin, which saw the cryptocurrency crash below $50,000, has left many investors reeling. While the market has since recovered, with Bitcoin now trading around $60,000, the question remains: what led to this sudden downturn? One key factor, as highlighted by Glassnode’s recent report, is the behavior of short-term
Cryptocurrency analyst @XForceGlobal recently shared a video chart analysis focusing on Cardano (ADA), a cryptocurrency that is currently being labeled as a “dinosaur coin” by many in the industry. In the analysis, XForceGlobal provided a detailed examination of Cardano’s position within the Elliott Wave cycle, suggesting that ADA is poised to enter a strong upward
In the wake of Pavel Durov’s controversial arrest in France, a wave of support has emerged from various celebrities and public figures. Elon Musk, Robert F. Kennedy, Vitalik Buterin, and Tucker Carlson have all publicly declared their backing for the Telegram founder. This outpouring of support comes after Durov was detained for alleged failure to
The US Securities and Exchange Commission has firmly opposed Hex founder Richard Heart’s motion to dismiss the $1 billion securities fraud lawsuit filed against him. The SEC argued that Heart’s attempt to dismiss the lawsuit does not adequately address the allegations laid out in the complaint and ignores established legal standards. The regulator emphasized its
Bitcoin experienced a significant spike of over 6% in response to the Federal Reserve Chairman Jerome Powell’s announcement of adjusting its policy and hinting at a potential rate cut at the upcoming meeting. This unexpected news has contributed to the recent volatility in Bitcoin’s price, with fluctuations occurring unpredictably over the past weeks. Despite this
The cryptocurrency market has been experiencing a period of uncertainty and volatility, leaving investors and analysts eagerly awaiting the highly anticipated Pectra upgrade for the Ethereum (ETH) network in the first quarter of 2025. This major upgrade, which combines the Prague and Electra improvements, has sparked optimism among DeFi researchers and analysts who believe it
The recent announcement by the Federal Reserve regarding interest rate cuts has sent shockwaves through the financial markets. Powell’s speech in Jackson Hole, Wyoming, indicated a clear shift towards a regime of interest rate cutting, with an explicit endorsement of rate cuts in the near future. This change in policy direction has the potential to
Bitcoin ETFs have been grabbing headlines recently with a staggering influx of over $500 million in the last trading week alone. This surge comes after a rough start earlier in the month, where losses amounted to more than $550 million in just three days. The steep decline in Bitcoin’s price, plummeting from over $65,000 to
Shan Hanes, the former CEO of Heartland Tri-State Bank, was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme. This scheme, known as “pig butchering,” involved luring unsuspecting investors into fraudulent digital asset investments through unauthorized wire transfers. Hanes executed 11 of these transfers between May and July
