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Bitcoin's price surged by 655% the last time the supply in profit metric fell to 50%. This metric indicates the percentage of Bitcoin supply that is currently in profit, and a drop to 50% suggests a potential market bottom. Analysts are observing this trend closely, as historical patterns
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In today's crypto news, Bitcoin's price experienced a slight decline, trading around $26,000, while Ethereum also saw a minor drop, hovering near $1,600. Regulatory developments continued to shape the market, with the SEC's ongoing scrutiny of various crypto exchanges and projects. Additionally,
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A US lawmaker has stated that the Securities and Exchange Commission (SEC) is no longer effectively regulating the cryptocurrency market, describing it as no longer acting as a "cop on the beat." This comment comes amid ongoing debates about the SEC's role and effectiveness in overseeing
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The UK government has sanctioned the crypto marketplace Xinbi as part of a broader crackdown on scam centers operating in Southeast Asia. This action targets entities involved in fraudulent activities, particularly those exploiting cryptocurrencies for scams. Xinbi is accused of facilitating financial crimes and aiding scammers in laundering their proceeds.
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Bitcoin has maintained its value despite recent declines in gold and silver, which are experiencing outflows from exchange-traded funds (ETFs) and liquidity issues, according to JPMorgan. The bank noted that Bitcoin's resilience can be attributed to its growing acceptance as a digital asset and a potential hedge against
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Bluesky is a decentralized social media platform that aims to provide an alternative to Elon Musk's X (formerly Twitter). It was developed by a team led by Jack Dorsey, co-founder of Twitter, and focuses on user control and content moderation through decentralized protocols. The platform allows users to
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Bitcoin has dropped below $69,000 amid a rebound in oil prices, which is attributed to diminishing hopes for peace in the Middle East. The cryptocurrency's decline comes as market sentiment shifts, influenced by geopolitical tensions and economic factors. Investors are closely monitoring these developments, as they could
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Retail investors are increasingly favoring Bitcoin Giant Strategy's STRC over MicroStrategy's MSTR, according to the company's CEO. This shift is attributed to STRC's unique features and potential for growth in the cryptocurrency market. The CEO highlighted that STRC offers a more accessible
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Big banks are increasingly opting to develop their own private blockchains instead of utilizing open ledger systems. This shift is driven by concerns over security, regulatory compliance, and the desire for greater control over their operations. Private blockchains allow banks to maintain confidentiality and streamline transactions while still benefiting from
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Onchain perpetual contracts for real-world assets have seen a significant increase, indicating growing interest in this sector. In contrast, altcoins continue to experience a downturn, with many facing price declines. The report highlights a stark divergence in market trends, as traditional cryptocurrencies struggle while onchain innovations gain traction. Analysts suggest
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Bittensor's TAO price is predicted to potentially drop by 40% over the next five weeks, according to fractal analysis. This forecast is based on historical price patterns and market behavior observed in similar cryptocurrencies. Analysts suggest that current market conditions and investor sentiment could contribute to this decline.
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CFTC Chair Rostin Behnam highlighted the potential of blockchain technology in verifying AI-generated content during a recent event. He emphasized that blockchain's immutable nature could enhance trust and transparency in the digital landscape. Behnam pointed out that as AI continues to evolve, the need for reliable verification methods