In recent times, bitcoin has consistently remained above the $60,000 mark throughout the entire month of March. With its value soaring, many long-standing holders have started to transfer substantial quantities of dormant bitcoins from wallets that have not seen activity for years. March has emerged as a pivotal month for transactions involving these vintage bitcoins. […] Source CryptoX Portal
Last week, Terraform Labs founder Do Kwon grabbed headlines while spot Bitcoin ETFs witnessed a bearish turn. Also, regulators reportedly look at Ethereum. Original
Last week was rough for Spot Bitcoin ETFs as they failed to attract strong inflows day after day. As a result, these Spot Bitcoin ETFs witnessed consecutive daily outflows every day last week, indicating the bullish sentiment among institutional traders might actually be waning. This seems to have been reflected in the price of Bitcoin, as the cryptocurrency fell to as low as $61,370 during the week. Bitcoin ETFs See Sustained Outflows Investor interest in Spot bitcoin ETFs skyrocketed throughout February and early March amid Bitcoin’s bull run, pushing its…
Iceland Prime Minister Katrín Jakobsdóttir unveiled plans to pivot the country’s renewable energy efforts from crypto mining to agricultural development. In an interview with the Financial Times, Prime Minister Jakobsdóttir outlined her vision, emphasizing the importance of enhancing food independence and establishing a broader grid for renewable energy distribution across households and industries. The country is known for producing copious amounts of energy from its network of hydroelectric and geothermal plants and stands as the world’s largest energy producer per capita. This has propelled it into a leading position in…
Despite last week’s bearish setting, top cryptocurrencies like Dogecoin (DOGE) and eCash (XEC) recorded impressive gains. Polygon (MATIC), however, underperformed. The global cryptocurrency market cap lost $140 billion in valuation, dropping to $2.49 trillion as of Sunday, Match 24. Here’s a look back at the current events involving this week’s top cryptocurrencies. DOGE, MATIC and XEC prices – March 24 | Source: Santiment DOGE breaks multi-week downtrend Dogecoin began this week with a bearish footing, witnessing a combined 17.16% drop on March 18 and 19. With this discouraging decline, the…
Toncoin (TON) has been on a hot streak, surging double digits in the past 24 hours and boasting a 40% gain in the last week. This bullish run coincides with the launch of the Ton Foundation’s Open League initiative, a program designed to incentivize user and project participation on the TON blockchain. The price currently sits at $4.96, having reached a new cycle high of $5.28 on March 23rd. This surge comes amidst a broader market downturn for major cryptocurrencies, making TON a standout performer. TON’s Open League Sparks Bullish…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rebel Satoshi’s $RECQ token presale wows investors with its projected 525% presale ROI, as FLOKI and PEPE record price dips. FLOKI loses 31% in a week: Will bulls return soon? FLOKI plunges 31% in a week, but experts expect it to start climbing soon.PEPE shed 16% in a week, but analysts expect it to gain traction by month’s end. Some of the top crypto coins have wiped off significant…
A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse […] Source
The price performance of Bitcoin over the past week has been a source of concern for the majority of the crypto community. This has pretty much been the case for other cryptocurrencies in the market, with several large-cap tokens reversing their recently-accrued profits. However, some investors are treating the recent price decline as a rare opportunity in the bull market as they continue to load their bags with assets of their choice. Specifically, the latest on-chain data shows significant buying activity amongst a certain class of investors. 25,000 BTC Flow…
Award-winning musician Akon recently pleaded with his fans on a video-sharing website not to request him to record crypto-related messages. However, in a post on the website, the music producer did not share reasons for his newfound disinterest in cryptocurrencies. Singer Unwilling to Endorse Crypto A few years after promoting the futuristic, Wakanda-style city in […] Source CryptoX Portal