As of April 29, 2024, major cryptocurrencies are facing a bearish trend due to concerns about the US economy slipping into “stagflation.” This economic situation typically has a bearish impact on risk assets, leading investors to explore opportunities in altcoin markets. Bitcoin, the leading cryptocurrency, recently hit 10-day lows under $62,000 and remains in a
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Peter Brandt, a crypto expert, recently made a bold claim that the Bitcoin top for this market cycle may have already occurred. He based this conclusion on his “exponential decay” thesis, which he believes could actually be beneficial for the Bitcoin ecosystem. Brandt pointed out that historical data suggests that Bitcoin’s price has peaked, as
US Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) have come together to urge US authorities to take action against the use of cryptocurrencies in the illegal trade of child sexual abuse material (CSAM). In a bipartisan letter to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas, the senators emphasized the role
The recent Bitcoin halving event, which occurred on April 20, 2024, has had a significant impact on market sentiment within the cryptocurrency space. Despite a brief dip in a key futures metric, indicators suggest a bullish trend taking hold following the halving. Analysts at Kaiko, specializing in crypto derivatives and futures, reported a shift in
The cryptocurrency market is constantly evolving, with new tokens and projects emerging regularly. One such project that has caught the attention of crypto enthusiasts is eTukTuk. While Dogecoin (DOGE) may be experiencing fluctuations, eTukTuk is gaining momentum as the next big hit in the world of cryptocurrencies. Changing the Game with eTukTuk Unlike mainstream cryptocurrencies
On April 23, Solana’s leading decentralized exchange (DEX) aggregator, Jupiter, announced the acquisition of Ultimate Wallet and its mobile team. This strategic move aligns with Jupiter’s goal of expanding its user base through mobile platforms. With a beta launch scheduled for May, Jupiter is making a significant push towards mobile adoption to enhance the trading
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As the crypto market experiences a resurgence, XRP is among the cryptocurrencies that are benefiting from positive market conditions. This upturn has led to a boost in investor sentiment, particularly among large investors. The past year has been challenging for XRP, with continuous selling pressure causing the price to struggle. Despite legal battles with the