Tag Archives: Crypto Bits

TL;DR Trump-themed memes followed the broader decline of the cryptocurrency sector, tanking by double digits. Official Trump has slipped below $12.50, but some analysts believe a resurgence could be on the horizon. The Major Collapse The brief pump in the cryptocurrency sector on March 2 and the early hours of March 3 was abruptly suspended by another huge correction. The massive volatility was likely caused by Donald Trump’s actions. First, the American president confirmed...

TL;DR While Anthony Scaramucci claims the Ripple lawsuit is over, no official confirmation exists, with experts predicting a settlement. US attorney James Murphy suggests the company is negotiating to vacate Judge Torres’ rulings, which might explain why the case remains ongoing. The End of the Battle? A lot has happened in the cryptocurrency space since Donald Trump became America’s 47th President. Some of the major developments are centered on the legal saga between the US...

TL;DR Pi Network postponed its KYC and mainnet migration deadline from February 28 to March 14, sparking mixed reactions from the community. Users with name mismatches can reapply, but those who appealed and were denied may face restrictions. A New Deadline… Again Pi Network took center stage on February 20 when it launched its Open Network. This development happened almost six years after the project saw the light of day. It made the PI token publicly accessible and...

TL;DR Shibarium Trustwatch warns of a fake X account impersonating Shiba Inu’s official page. Previous alerts exposed scammers using Shytoshi Kusama’s name and fake SHIFU token emails to deceive the community. ‘Stay Safe’ The ever-evolving cryptocurrency industry offers investors the chance to make substantial profits, which is highly intriguing for investors. However, it is also rife with scammers who take every opportunity to con unsuspecting victims and drain their...

TL;DR Donald Trump’s latest interaction with the crypto industry sent the entire market flying, but a select few altcoins, such as XRP, registered the biggest gains. This impacted short traders, as the value of the total liquidations is close to $500 million on a 4-hour scale, and XRP is responsible for a big share. XRPUSD. Source: TradingViewThe impact that the US president has on the crypto market cannot be understated. After his landslide win in the elections in November,...

TL;DR Cardano’s native token is riding the Trump-induced wave like no other, with a massive price surge that pushed it from $0.65 to almost $1 within minutes. This helped it become the eighth-largest cryptocurrency by market cap, surpassing the OG meme coin. ADAUSD. Source: TradingViewCardano’s native token took the recent market-wide crash worse than many tokens, as its price dumped from over $0.82 to under $0.6, which meant a 30% decline within a week or so. It defended the...

TL;DR The crypto market crash this week wiped out billions of dollars as every digital asset plunged hard. However, DOGE managed to remain north of a key support line on the daily scale. This suggests an upcoming rally, according to analysts, and a potential surge by triple digits. The massacre that took place within the past week was nothing short of mindblowing, and meme coins were hit the hardest. Recall that DOGE stood above $0.26 last Friday before the Bybit hack,...

TL;DR Ronaldinho alerted the crypto community about fake meme coins using his name, denying any official token launch. The football icon’s past alleged involvement in the “18kRonaldinho” crypto scam, which supposedly defrauded investors of over $60 million, adds skepticism to his latest announcement. ‘Keep an Eye for Fake Meme Coins’ The meme coin sector has been one of the highlights of the last bull cycle in the cryptocurrency market. Contrary to their potential to...

TL;DR According to Ali Martinez, SHIB could find support at as low as $0.0000094. However, a breakout above $0.00001461 could trigger bullish momentum and a 230% price rally. SHIB’s Freefall Could Stop Here The meme coin sector has suffered painful losses following the overall crypto market crash in the past few days. The second-largest asset of that type – Shiba Inu (SHIB) – was among the worst affected, with its price plummeting by 16% weekly and 10% daily. SHIB Price,...

TL;DR Cardano’s ADA dropped by double digits in a week, with whales offloading over 170 million tokens, potentially signaling more downward pressure. Hopes for a rebound rest on the potential approval of a spot ADA ETF filed by Grayscale, which could attract traditional investors and boost demand. More Pain Ahead? Cardano’s ADA was trading well above $0.80 towards the end of last week. However, the start of the new business week offered a lot of pain for the bulls, with...