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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The recent movement in Bitcoin’s price after the halving event has left many investors uncertain. Despite a brief surge, the crypto failed to maintain a price above $65,000. As of now, Bitcoin is trading at $62,105, showing a 2.96% decrease in the past 24 hours and a 6.14% decrease over the last seven days. A
ELONWIF, a token that combines Elon Musk virality with the popularity of Solana meme coins, has recently seen exponential growth in its price. The token is currently trading at $0.061, representing a 24-hour change of +27,893%. This surge in price came after a sudden influx of over $345k in trading volume, propelling ELONWIF to new
Bitcoin, the premier cryptocurrency, has been experiencing sluggishness in its price movement post the halving event. Despite the anticipation of a bullish trend following the halving, investors are becoming increasingly frustrated with the stagnant market activity. Social media posts and messages are reflecting a growing impatience among investors, with many calling for a dump of
The recent launch of SPACEX, a new token from a dedicated Elon Musk enthusiast and developer, has sparked excitement among meme coin enthusiasts. With the price of SPACEX skyrocketing to $138, representing a 24-hour change of +78,940%, many investors are eyeing the potential for massive gains. However, behind the hype lies a story of caution
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In a recent interview, Anthony Scaramucci, the founder of Skybridge Capital, shared his prediction that Bitcoin could potentially reach $200,000 after its halving event. This forecast comes at a time of considerable volatility in the crypto markets, driven by geopolitical tensions and economic uncertainty. Scaramucci emphasized the underlying demand dynamics supporting Bitcoin’s price, citing factors
Ethena, a stablecoin with a market cap of over $2.3 billion, burst onto the scene in late February and has quickly risen to become one of the fastest-growing stablecoins in history. One of its main attractions is its ability to generate yield for holders, a feature that sets it apart from leading stablecoins that keep
In the recent surge of meme coins, Peshi Cat (PESHI) has seen a massive 120x increase in value. However, upon closer inspection, it becomes clear that PESHI’s price movements are primarily driven by speculative trading and viral hype within the crypto community. With a current market price of $0.00000066 and a 24-hour change of -47.9%,
Japan’s ruling party, the Liberal Democratic Party, is making a strong push for immediate crypto tax reforms. Recently, the party’s web3 project team unveiled a “White Paper” highlighting the need for separate taxation on profits and losses from cryptoasset transactions. This move comes after the government’s announcement to allow venture capital firms to invest in