Markets

The Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network. Data from Blockchain.com shows that miners, in aggregate, averaged $65.23 million per day over the 30 days ending March 31. Miners In Massive Profit The latest figure shatters the 30-day averages of the previous two months, which were just $48.31 million as of February 29, and $43.29 million as of January 31. Miner revenues are almost...

TL;DR Bitcoin has seen a significant price dip, dropping to almost $65,100. Despite the recent downturn, there are underlying factors poised to drive a positive turnaround in the asset’s market performance. Abandoning Exchanges The price of the primary cryptocurrency has experienced a significant correction in the past several hours, dropping to as low as $65,100. Despite being down 7% on a weekly scale (per CoinGecko’s data), some essential factors hint the trend may not...

The digital asset markets expanded substantially over the first quarter of 2024, catalyzed by an end to the decade-long effort to introduce spot Bitcoin ETFs in the US. While Q1 was a turning point in many ways, Q2 kicked off on a turbulent note. Bitcoin’s plunge below $65K and the substantial decline in altcoins’ market caps is a concerning retracement as April unfolds. Despite this downturn, the crowd sentiment remains resilient. Crowd Confidence According to Santiment’s...

Ethereum (ETH) is losing a key support level against its larger crypto rival, Bitcoin (BTC), amid a broader crypto market selloff that began on Monday. Data from TradingView shows that 1 ETH is now worth less than 0.05 BTC, trading for 0.04961 BTC at writing time. The last time the ETH/BTC ratio traded so low was in January, after a brief crypto market selloff after Bitcoin ETFs went live. The last rare period at a similar ratio was when ETH skyrocketed in April 2021, after...

CoinspeakerCrypto Market Poised for Positive Second Quarter despite Recent Corrections, Coinbase Reports A recent research conducted by Coinbase said the market is poised for a positive second quarter despite the recent corrections that saw Bitcoin retrace to $65,000 on April 2, 2024.  Crypto Market Poised for Positive Second Quarter despite Recent Corrections, Coinbase Reports

As ETH gets closer and closer to hitting that enormous number of $5,000, a brand new opportunity has popped up in the NFT finance world. One that could help investors make life-changing money. NFTFN is holding a presale for its NFT lending platform, with tokens going for just $0.025. Considering the market is skyrocketing and the project is not just innovative but revolutionary, this token could jump to 50 times its current price. The New Era Last year alone, NFTs...

The first stage of NFTFN’s pre-sale has concluded, reaching a total of $250k. The crypto world has a new sensation – NFTFN, the groundbreaking orderbook-based NFT perpetual decentralized exchange. In a remarkable feat, this revolutionary platform has crushed its first presale round in just two weeks, raking in overwhelming demand from eager investors. Despite the prevalent crypto market doldrums, NFTFN has defied gravity, igniting a frenzy among those keen to get...

CoinspeakerCrypto.com to Launch Retail Trading in South Korea Amid OK-BIT’s Shutdown Crypto.com plans to launch retail trading in South Korea on April 29th in order to replace its previously acquired local exchange OK-BIT’s services. The company faces regulatory hurdles but eyeing South Korea’s active crypto market amidst stiff competition. Crypto.com to Launch Retail Trading in South Korea Amid OK-BIT’s Shutdown

The recent resurgence of the cryptocurrency market has turned portfolios green all around. With significant bullish momentum and the market beaming with positive sentiment, crypto investors have reaped substantial profits in the latest bull run. However, instead of taking their profits out of the market, investors are reportedly opting to reinvest their gains.  Reinvesting In NFTFN  The Crypto Fear and Greed Index, which offers an insight into investor and market...

ADA price started a downside correction from the $0.6840 zone against the US Dollar. The price is now trading below $0.650 and the 55 simple moving average (4 hours). There was a break below a major bullish trend line with support near $0.6480 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.6260 and $0.650 resistance levels. Cardano’s price is struggling below $0.650 against the US Dollar, like Bitcoin. ADA...