Markets

Bitcoin’s price rally has come to a halt over the last couple of months as the market consolidates. Yet, things are about to change soon, either for the better or for the worse. Technical Analysis By TradingRage The Daily Chart On the daily chart, it is evident that the Bitcoin price has been consolidating inside a large descending channel. The midline of the channel has recently rejected the price to the downside, and the market is testing the $60K level once again. If this...

The leader in Bitcoin mining has announced its financial performance for the first quarter of 2024, revealing an improvement since its emergence from bankruptcy. The company reported a net income of $210.7 million compared to a net loss of $0.4 million for the same period in 2023. Core Scientific’s Q1 Results Total revenue surged to $179.3 million, an increase from the $120.7 million recorded during the same period last year. Operating income also increased significantly,...

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In the cryptocurrency sphere, a “bull run” is a term for a period during which the majority of cryptocurrencies, both major and alternative, experience an increase in their market value. This surge typically happens when the demand for crypto tokens surpasses the available supply. High demand combined with limited supply tends to lift market confidence, causing rapid increases in the prices of cryptocurrencies. This article explores the top eight cryptocurrencies...

Coinbase’s Layer 2 network – Base – has witnessed a resurgence of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant traction from SocialFi applications such as Friend.Tech. Friend.Tech’s model, which financializes social interactions, has drawn attention, particularly with the launch of its version 2 platform and the airdrop of its FRIEND token. Additionally, Base has experienced a notable surge in the supply of USDC on its...

CoinspeakerFranklin Templeton: Ethereum L2 Base Commands 46% of SociaFi Transactions Besides the rising activity on SociaFi, Franklin Templeton also attributed the rise in activity on Base to meme coins and an increase in the supply of Circle’s USDC stablecoin on the network. Franklin Templeton: Ethereum L2 Base Commands 46% of SociaFi Transactions

Bitcoin’s price saw a lot of volatility last week, especially before and after the US Fed’s most recent FOMC meeting, but managed to recover some ground during the current one. Let’s unpack. The primary cryptocurrency had dropped to a multi-month low of $56,500 last Wednesday, went on a volatile rollercoaster as the US central bank said it would not raise the interest rates, and began its recovery on Friday. At the time, BTC soared from under $59,000 to $62,000 in minutes and...

CoinspeakerBinance and KuCoin Obtain Registration with India’s Top Financial Regulator While KuCoin has already paid a fine of $41K and resumed operations in India, Binance is yet to complete compliance proceedings. Binance and KuCoin Obtain Registration with India’s Top Financial Regulator

CoinspeakerUAE’s Stable Politics Foster Crypto-Friendly Environment over US, Says Komodo CTO The Komodo exec said the UAE is doing a lot more than the US is, to facilitate crypto adoption by supporting businesses. UAE’s Stable Politics Foster Crypto-Friendly Environment over US, Says Komodo CTO

CoinspeakerBitcoin’s Kimchi Premium Dips by 1.54% amid Market Fluctuation This current drop in the Bitcoin Kimchi Premium comes as trading volumes on South Korea’s top five crypto exchanges plummet.  Bitcoin’s Kimchi Premium Dips by 1.54% amid Market Fluctuation