Bitcoin’s recent price correction has left investors on edge as the cryptocurrency experienced a significant drop from its record high. Analysts are pointing to declining profitability and a decrease in daily active addresses on the network as reasons for concern. The past week has been filled with descending peaks and failed upturns, while selling pressure
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Recently, Singapore’s Deputy Prime Minister and Minister for Finance announced a significant investment of S$2 billion to boost the country’s digital economy. This allocation is aimed at integrating digital assets into the economic framework and promoting financial innovation. Hassan Ahmed, Coinbase Singapore’s Country Director, highlighted the importance of this initiative in solidifying Singapore’s position as
As Solana (SOL) surpasses the $200 mark, investors are thrilled to see the positive signs indicating further growth. The latest data from Kraken shows that SOL price is now above $200 and the 100 simple moving average (4 hours), suggesting a strong bullish trend. Moreover, a connecting bullish trend line with support at $195 on
Ethereum has recently experienced a downside correction below the $3,650 mark, breaking below the $3,500 support level. Currently, the price is attempting a recovery wave in the near term. This downward correction is in line with the overall market trend, similar to what Bitcoin has been experiencing. Key Resistance Levels to Watch There is a
The cryptocurrency market has recently experienced a significant downturn, with Bitcoin prices plummeting to a weekly low of $65,000. This sharp decline comes after a period of remarkable gains and record highs, leaving investors reeling from the sudden shift in market dynamics. At the time of writing, Bitcoin was trading at $65,710, representing a 5.6%
The Asia Pacific region (APAC) has been making significant strides in the technology industry, particularly in the realm of Web3 innovation. One of the key driving factors behind this growth is the progressive regulatory stance taken by key jurisdictions in the region. Singapore, for example, implemented stablecoin regulation, setting clear standards for the crypto ecosystem
The recent market plunge has left the crypto industry reeling, with hundreds of millions of dollars being wiped out in a matter of hours. Bitcoin, in particular, saw a violent retreat to a weekly low of $67,500 after a period of remarkable advances and setting new all-time highs. This sudden price correction sent shockwaves through
Bitcoin’s futures market is currently displaying signs that have historically signaled bullish sentiment among investors. One of the key metrics that analysts are closely monitoring is the Bitcoin futures basis. The futures basis represents the difference between the futures price of Bitcoin and its spot price. Recent data has shown that this basis has reached
Bitcoin (BTC) has been making headlines recently with its astonishing price surge, reaching a new all-time high of $73,750. This surge has been attributed to the pre-halving rally, which has boosted BTC’s gains significantly. However, this upward trend was followed by a notable price correction, with Bitcoin trading as low as $65,630 on March 15th.
The integration of artificial intelligence into the world of cryptocurrency has raised concerns about the potential for a new wave of crypto-based crime. As technology continues to advance, experts are sounding the alarm about the dangers that AI could bring to the security of blockchain networks. According to Chainalysis, a blockchain intelligence platform, the use
