Month: April 2024

Why Bitcoin Price Dropped Below $67,000, According To Blockchain Firm

The cryptocurrency market experienced a sudden and sharp downturn on Friday, April 12, which saw the Bitcoin price and the value of other large-cap assets take severe hits. The price of Bitcoin, which has been mostly moving sideways over the past few days, fell below the $67,000 mark for the first time in more than a week. As a result of the abrupt decline, the crypto market has witnessed nearly $900 million in liquidations in the past 24 hours. According to Futures market data from Coinglass, losses from leveraged Bitcoin…

Bitcoin ETFs see $55m net outflow, as BTC drops to $65k

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Spot Bitcoin ETFs, or exchange-traded funds, saw a net outflow of $55 million on Friday, April 12. The data signals a reversal after ETFs enjoyed two consecutive days of inflow worth nearly $215 million.  Bitcoin ETFs ahead of halving According to data from SoSo Value, the largest outflow on Friday came from Grayscale’s GBTC, which saw $166 million withdrawn. GBTC continues to see large outflows ahead of the halving, as the ETF also shed $154.9 million on Monday, April 8. Conversely, the largest inflow on Friday came from BlackRock IBIT,…

Borroe Finance’s hyped presale could pave the way for huge gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Borroe Finance (ROE) is making waves with its promising potential for substantial gains compared to other top altcoins like Aptos (APT) and Floki (FLOKI). Borroe Finance raised over $3.62 million near the end of its presale. Meanwhile, Aptos saw a loss in momentum and FLOKI struggled to maintain its bearish trend. Let’s learn which is the best crypto investment. Borroe Finance presale is a good opportunity The Borroe Finance…

Study Finds 70% to 80% of Secondary Market Transactions Involve Crypto and Stablecoins

Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, coupled with the high popularity of crypto assets in the country, are among the reasons why the won is now the second most-used fiat currency. Decline in 2021/2 Crypto-to-Stablecoin Volumes According […] Source CryptoX Portal

Waiting For The Bitcoin Bull Run To Resume? Here’s The Indicator To Watch For

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The bullish momentum of the Bitcoin price has dwindled over the past few weeks, putting the progression of the crypto bull cycle into question. On Friday, April 12, the crypto market witnessed a flash crash, causing the premier cryptocurrency’s value to drop from $70,000 to below $67,000. This latest downturn underscores the struggle of the Bitcoin price to return to its recent all-time high of $73,737, which was forged in mid-March. On-chain analytics platform Santiment has identified a particular Bitcoin metric that may signal the resumption of the bull run.…

Bitcoin halving will resurrect GameFi ghosts of 2021

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As Bitcoin surges to unprecedented heights, casting a bullish shadow over the cryptocurrency market, a significant yet often overlooked sector poised to reap the benefits of this resurgence is GameFi. In the wake of the Bitcoin halving, the GameFi landscape stands at the precipice of a renaissance, with the potential to transcend the ghosts of its tumultuous past in 2021. The confluence of renewed investor confidence, technological…

TON Society Reveals Biometric Proof-of-Personhood Palm Scanning Program

TON Society announced a proof-of-personhood program targeting Telegram users, who can voluntarily scan their palms in exchange for benefits. The organization allocated 1 million TON for this initiative, distributed among 500 million participants in the next 5 years after completing their palm verification using Humancode’s artificial intelligence (AI) biometric tech. TON Society Announces Digital Identification […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Bitcoin, Altcoins Price Decline As Crypto Liquidations Approaches $900 Million In The Past Day

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The crypto market took an unexpected hit on April 12 as a spontaneous decline in the price of Bitcoin and prominent altcoins resulted in massive liquidations. The origin of this widespread price dip remains largely unknown, among a plethora of plausible reasons, including a recent price correction in the US stock markets. Almost $500 Million Liquidated In An Hour Amidst Crypto Flash Crash According to data from CoinMarketCap, Bitcoin slipped by 4.49% in the last day, falling as low as $66,052. As expected, BTC’s decline reverberated through the market, with…

Milei Moneda eyes 10x gains; analysts bullish on BCH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Following its halving, Bitcoin Cash (BCH) surged 90%, and Solana (SOL) saw a 319% jump in DEX volume, while Milei Moneda (MEDA) prepares for a potential 10x increase with its unique NFT offerings. Two heavyweights have been commanding attention in the early months of 2024: Bitcoin Cash (BCH) and Solana (SOL). Joining this spotlight is Milei Moneda (MEDA), a rising meme coin. As these tokens continue to gain momentum,…