Tag: Crypto

The bullish narrative of this cycle has been put to a serious test lately as the cryptocurrency sector continues to sink. Its total market capitalization plummeted below $2.7 trillion, while Bitcoin (BTC), Ethereum (ETH), and many other leading digital assets tanked to multi-month lows. Several hours ago, the primary...

Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off.  Weekly network revenue on the Solana blockchain hit a record high of $55.3 million in mid-January amid the height of the memecoin minting frenzy.  However,...

Glauber Contessoto, popularly known as SlumDOGE Millionaire, posted a series of optimistic takes on the cryptocurrency market on Monday, in stark contrast to the ongoing meltdown. What happened: Contessoto took to X, saying, “The moment of truth, the final shakeout.” The moment of truth, the final shakeout — SlumDOGE...

Ethereum could see a drastic price drop to as low as $200–$400 if the crypto market has entered a new bear cycle, according to Quit, vice president of blockchain at Yuga Labs. In a Mar. 11 post on X, Quit…...

An ether (ETH) whale, who has held the token since its initial coin offering (ICO), made waves on Monday as it moved ETH worth millions to crypto exchange Kraken, according to blockchain sleuth Spot on Chain. The whale deposited 7,000 ETH, worth $13.8 million at press time, to Kraken...

A little more than one month after Eric Trump thought the time was ripe to buy Ethereum (CRYPTO: ETH), the second-largest cryptocurrency has plummeted 32%. What happened: Eric Trump, Executive Vice President of The Trump Organization, has taken a bullish stance since his father, Donald Trump, assumed the U.S....

Mt. Gox, the defunct crypto exchange, has transferred 11,833.6 Bitcoin, worth approximately $931 million, to new addresses, sparking fears of potential sell-offs. According to on-chain data from Arkham Intelligence, the Bitcoin transfers, which took place on Mar. 11, saw 11,501.58…...

According to an X post by crypto trader Merlijn The Trader, Bitcoin (BTC) is following the ‘megaphone pattern’, positioning the top cryptocurrency for potential upside momentum. However, BTC must stay above the $72,000 price level for the pattern to play out. Bitcoin Following Megaphone Pattern – Time To Buy?...

On Monday, economist Peter Schiff questioned the U.S. government’s decision to hold Bitcoin (CRYPTO: BTC) as a reserve asset amid the apex cryptocurrency’s ongoing slump. What Happened: Schiff took to X to point out that Bitcoin’s market value has plunged 30% from its January record high, dropping below $77,000. “It’s hard to see the rationale...

For seven weeks in a row, Bitcoin price has experienced several retracements, falling from its peak of $109,000 in January to a Mar. 11 low of around $77,000.  The drop has resulted in the loss of about 30% of Bitcoin’s…...