In addition to the Bitcoin crash that has brought down the crypto market, Shibarium, an Ethereum Layer 2 network developed by the Shiba Inu team, has taken a huge hit. This latest drawback comes in the form of a significant decline in the number of daily transactions being carried out on the network, leading to … Read more
A quant has pointed out a pattern in a Bitcoin on-chain indicator that may imply the bull phase may be close to ending for now. Bitcoin NUPL Has Been At Overheated Levels For Weeks Now In a CryptoQuant Quicktake post, an analyst has talked about a bearish development that has recently occurred in the Bitcoin … Read more
As the countdown to the fourth Bitcoin halving approaches, scheduled around April 19th, 2024, miners are bracing for significant changes in their operations. The halving, which occurs approximately every four years, marks a pivotal event in Bitcoin’s economic landscape, impacting both miners’ revenues and the network’s security. Currently, miners receive 6.25 bitcoins as a reward … Read more
The price action of Cardano (ADA) over the past week is a story of two halves, with the token notching a new multi-month high early in the week only to crash by over 18% a few days afterward. This recent decline in ADA price reflects a broader bearish climate in the cryptocurrency market. Interestingly, a … Read more
A popular crypto analyst, identified as CrediBull Crypto on X (formerly Twitter) has unveiled bullish projections for both Ethereum and XRP. Doubling down on his previous XRP price prediction, the analyst has further affirmed that the cryptocurrency is poised to outperform Bitcoin and Ethereum in the upcoming 2024 bull run. Ethereum Set To Hit New … Read more
Bitcoin, the world’s largest cryptocurrency asset, continues to see widespread adoption. The Central American country of El Salvador recently made a massive transfer of BTC to the country’s physical reserve. El Salvador Transfers Thousands Of Bitcoins To Vault Nayib Bukel, the president of El Salvador, took the social media platform X (formerly Twitter) to share … Read more
The world’s richest man, Elon Musk, has broken his silence on when customers will be allowed to use Dogecoin to purchase Teslas. Musk also explained why he is so fond of the meme coin and has continued to support it all this while. Tesla Will Enable Dogecoin Payments “At Some Point” While addressing employees at … Read more
As the crypto market steadily progresses towards the highly anticipated bull market, Brad Garlinghouse, the Chief Executive Officer (CEO) of Ripple has revealed that the success of cryptocurrencies such as XRP during the market’s present bullish cycle hinges on their real-world applications and utility. Ripple CEO Reveals Strategy For XRP Success On Monday, March … Read more
Even after reaching a new all-time high on March 11, the founder of LookintoBitcoin, Philip Swift, in a post on X, believes the Bitcoin bull market is just getting started and has “a long way to go.” Supporting this bullish preview, Swift points to a popular on-chain metric, the MVRV Z-Score, which currently sits at 2.87. Bitcoin … Read more
Crypto analyst Ali Martinez has provided a bullish narrative for the Shiba Inu price action, increasing the possibility of the meme coin inching closer to its all-time high (ATH). This is coming at a time when the crypto token’s fundamentals look to be stronger than ever. SHIB Could See A 40% Bullish Breakout Martinez highlighted … Read more
