In recent market developments, Ethereum has encountered a decline in its price despite reaching its highest value in over two years. Nevertheless, this temporary setback didn’t deter a significant transaction in the realm of non-fungible tokens (NFTs). A CryptoPunksNFT recently changed hands for more than $16 million worth of ETH, marking one of the most…
The crypto market saw a whirlwind of activity on Wednesday, with Bitcoin leading a surprising rebound after experiencing recent losses. Amidst volatility, Bitcoin made a notable recovery, climbing 1.7% to settle at $65,773, following an initial dip to $60,793. The closure of the Federal Reserve’s two-day meeting provided some relief as cryptos regained ground. The…
Crypto Weekly Roundup: Highlights from the World of Digital Assets Last week in the crypto world saw a whirlwind of events, from Bitcoin’s volatile ride to Ethereum’s fee reduction and Grayscale’s latest ETF move. Bitcoin’s Roller-Coaster Ride Bitcoin, the king of cryptocurrencies, started the week with a bang, reaching a new all-time high of $73,000,…
In just 15 years, cryptocurrencies have transformed from obscurity into a vital component of financial markets. However, their evolution has not eradicated the extreme volatility that characterizes the industry. The crypto market, reaching a peak of $2.9 trillion in November 2021, experienced a significant dip to less than $900 billion in mid-2022 due to rising…
Bitcoin is once again in the spotlight as it recently soared past $41,000, marking a remarkable 150% rise in the first half of the year. The world’s largest cryptocurrency, known for its volatility, experienced a rollercoaster ride, going from just over $5,000 at the start of the pandemic to nearly $68,000 in November 2021. However,…
In recent years, the world of finance has witnessed the rise of cryptocurrency as a new form of reward currency. This novel concept allows individuals to earn rewards that automatically convert into popular cryptocurrencies such as Bitcoin, Ethereum, and more. However, the enticing appeal of crypto rewards cards comes with its own set of advantages…
In a recent move that stirred the cryptocurrency community, Ethereum co-founder Vitalik Buterin addressed concerns surrounding his significant crypto transfers, emphasizing that these transactions were not indicative of personal financial gain. The prolific blockchain figure explained the nature of his recent transfers, shedding light on the altruistic purpose behind them. Buterin’s statement came in response…
The cryptocurrency market is facing a challenging autumn, with the launch of six exchange-traded funds (ETFs) tracking ether futures contracts in the United States failing to generate the expected enthusiasm. This comes as investors are turning away from risk due to concerns over economic uncertainty and ongoing geopolitical conflicts, including the situations in Ukraine and…
In 2023, as equity markets staged a remarkable comeback, the crypto market, too, is experiencing a resurgence. Ethereum (CRYPTO: ETH) has seen a substantial climb of nearly 30% this year after enduring a harsh 68% drop in 2022. However, with Ethereum still significantly below its all-time high, many enthusiasts are holding out hope for substantial…
In 2021, the world witnessed an unprecedented surge in the popularity of meme stocks and cryptocurrencies. Shiba Inu (CRYPTO: SHIB), a dog-inspired cryptocurrency, was at the forefront of this frenzy, with its price skyrocketing to dizzying heights. However, the landscape for SHIB has drastically changed since then, with its price plummeting by 92% from its…