Tag: Cryptocurrency trends
Bitcoin as Reserve Currency Criticized by Former US Treasury Secretary
Former US Treasury Secretary Larry Summers has stirred controversy with his recent comments criticizing the idea of Bitcoin becoming a national reserve currency. In an interview with Bloomberg, Summers dismissed the notion of a...
Boosting Solana Transactions: Proposed Block Compute Increase
Solana Proposes Block Compute Increase to Boost TransactionsSolana, a popular blockchain network, is looking to enhance its transaction capabilities through a proposed block compute increase. The network developers have suggested raising the block compute...
Bitcoin: Digital Gold vs Dollar Competitor – Powell’s Perspective
Bitcoin: Digital Gold vs Dollar Competitor - Powell's PerspectiveFederal Reserve Chairman Jerome Powell recently shared his perspective on Bitcoin, debunking the idea of it as a replacement for the U.S. dollar and instead likening...
New Title: Key Resistance Levels to Watch Above $73.7k All-Time High
After nine months of trading within consistent price channels, Bitcoin is threatening to break out above a new all-time high of $73.7k and enter true price discovery. My price channels have been noted for...
Bitcoin Hashrate Reaches Record High with Publicly-Listed Miners’ Dominance
The bitcoin network has seen a significant increase in hashrate, surpassing 700 EH/s for the first time. This marks a 6% growth in the past week, indicating a strong uptrend in mining activity. Hashrate...
Bitcoin Price Surges Past $65K, Analyzing Growth Compared to Previous U.S. Election Cycles
Bitcoin has surged past the $65,000 mark, experiencing a 4% increase in just 24 hours. This rise is attributed to positive movements in the S&P 500 and expectations of stimulus in China. The trading...
Tether Invests $3 Million in Kem to Boost USDT Adoption
Tether, the leading stablecoin issuer, recently made a strategic investment of $3 million in the Kem app to increase the adoption of its stablecoin USDT. This investment aims to help Tether reach new markets...
Bitcoin’s Future Brightens as Key Stablecoin Metric Hits 18-Month Low
Bitcoin has shown resilience in the face of recent market volatility, quickly bouncing back to nearly $60,000 after a drop below $50,000 last week. This recovery is supported by a key metric called the...
Analysis: Short-Term Holders Hold 2.5M BTC at Loss
Short-Term Holders Hold 2.5M BTC at LossRecently, it has been reported that short-term holders of Bitcoin are currently holding 2.5 million BTC at a loss. This news has sparked interest and concern among the...
Poodlana Token: Don’t Miss Your Chance to Invest in 2024’s Hottest Crypto
Cryptocurrency prices saw a significant increase at the end of the week, with Bitcoin bouncing back from Monday's losses and rising from about $49,000 to over $60,000. Solana and Sui also experienced jumps in...