Month: January 2025

Rising Concerns Over Bitcoin Outflows Risk as $110 Million Extracted from Investment Portfolios The risk of Bitcoin outflows has become a dominant issue for investors, given the recent withdrawal of $110 million from Bitcoin investment portfolios. This shift towards a risk-averse stance among investors can be attributed to the...

Bitcoin’s Short-Term Whales Stand Firm as Digital Currency Bounces Back Bitcoin has recently seen a significant bounce back, surpassing the $66,000 threshold once again. This resurgence occurred following a period where the cryptocurrency was close to the Realized Price of the Bitcoin short-term whales during a transient slump. The...

A Closer Inspection of XRP’s Price: Delineating the Bearish Pattern and Potential Stabilization XRP, Ripple’s cryptocurrency, has recently suffered a significant drop in its price, experiencing a 34% decrease that resulted in it breaking through crucial support levels, including the 100 and 200-day moving averages, and a longstanding upward...

Humanizing the Solana Mainnet Beta Update and its Impact on Network Congestion The Solana Foundation has recently taken action to deal with network congestion problems, largely caused by the soaring demand for Solana block space and the increased network activity. In a bid to counter these issues, the Solana...

Bitcoin Price Analysis: Overcoming Challenges Amidst Market Drop and Political Strife Bitcoin price analysis reveals that the cryptocurrency recently experienced a notable decrease, primarily due to geopolitical unrest between Israel and Iran. This dip resulted in Bitcoin’s drastic fall from over $70,000 to approximately $60,500, initiating a bearish trend...

Binance crackdown Nigeria: Its Reverberations and Effects on the Web3 Industry Nigeria is currently facing the aftermath of the ‘Binance crackdown Nigeria’ incident, leading to worrisome shifts in market behavior, particularly within the Web3 sector. Lucky Uwakwe, who spearheads Nigeria’s intercommunity task force and chairs the Nigerian Blockchain Industry...

Bitcoin Market Downturn: A Steep Fall Amid Rising Global Strains and Economic Policies During the past weekend, the ‘Bitcoin market slump’ witnessed a substantial drop, with the value of the cryptocurrency decreasing by around five thousand dollars to a multi-week low, hovering around $61,000. This severe decline had an...

Bitcoin Price Liquidation: A Forecast of Downward Trend by Crypto Experts Bitcoin, the world’s most popular cryptocurrency, has recently experienced a 7% decline in its price. This price drop has had a significant impact on traders, especially those who had short positions, with approximately $1.05 billion at stake if...

Russia’s Exploitation of Tether USDT in Bypassing Sanctions Wally Adeyemo, the Undersecretary of the U.S. Treasury, has expressed alarm over Russia’s growing reliance on alternative payment modes, particularly Tether USDT, to circumvent sanctions and sustain its military endeavors. These concerns were raised during a hearing named ‘Countering Illicit Finance,...

Solana’s Value Escalation: A Potential Uptick on the Cards? Prominent crypto market analyst, ‘Bluntz’, has been following the trajectory of the Solana price increase with keen interest. Despite an apparent downward spiral, Bluntz foresees an upward shift in Solana’s value, hinting at a potential bullish comeback for the digital...