Introduction Bitcoin, the world’s leading cryptocurrency, has been treading water in recent days, maintaining its sideways trajectory. This persistent trend in the crypto market is a subject of both fascination and frustration among investors. In this article, we delve into the ‘whys’ and ‘hows’ of Bitcoin’s lateral movement, examining the context, background, and potential implications […]

The Who, What, Where, When, Why, and How In a remarkable turn of events, the cryptocurrency market witnessed a sudden surge, adding a staggering $30 billion within hours. Bitcoin, the flagship cryptocurrency, spearheaded this rally, catapulting towards the $28,000 mark. This meteoric rise has left both investors and enthusiasts astounded. A Crypto Frenzy Unveiled Bitcoin’s

Binance, one of the world’s largest cryptocurrency exchanges, has recently conducted its 25th quarterly burn of Binance Coin (BNB), setting a new milestone in its commitment to reducing the supply of the digital asset. This move has sent shockwaves through the crypto community, prompting both celebration and scrutiny. Let’s delve into the details, the context

Unprecedented Heights in Network’s Power The Bitcoin network’s computational power, known as the “hashrate,” soared to new heights on October 12, reaching an apex of 447 exahashes per second (EH/s), as reported by Blockchain.com. This milestone, corroborated by Bitinfocharts with a slightly higher average of 481 EH/s, marks the highest the metric has ever soared,

A Lone Wolf in the Pack While the majority of meme-themed cryptocurrencies are witnessing a downturn, one token stands resilient against the tide. Floki Inu (FLOKI), a cryptocurrency with indirect ties to tech mogul Elon Musk, has registered a 7% increase in value over the past 24 hours and a notable 16% rise over the

A Sudden Descent In a startling development, the cryptocurrency market witnessed a significant downturn, with Ethereum (ETH) plummeting to a 7-month low, languishing under $1,600, and Bitcoin (BTC) struggling below the $27,000 mark. This unsettling trend marks a period of intense volatility, significantly impacting investors and the broader crypto market. The situation unfolded rapidly, with

A Contrarian Move in the Crypto Space John E Deaton, an American attorney known for representing thousands of Ripple (XRP) investors in their lawsuit against the US Securities and Exchange Commission (SEC), made headlines recently by purchasing Bitcoin (BTC). This decision came promptly after financial commentator Jim Cramer expressed a bearish outlook on the cryptocurrency.

A Sudden Descent The cryptocurrency market, known for its volatility, has recently taken a hit, with Bitcoin leading the charge. The premier digital currency plummeted below $27,000, marking a two-week low. This downturn aligns with escalating tensions in the Middle East, particularly the conflict between Hamas and Israel. Just ten days ago, Bitcoin was riding

In a significant development, Trezor, a pioneer in cryptocurrency hardware wallets, has announced the launch of new products aimed at enhancing the security and accessibility of cryptocurrency holdings for users globally. This move comes as the company celebrates the 10th anniversary of its first Bitcoin hardware wallet, underscoring its commitment to promoting self-custody within the

A Ripple in the Pond: CFO Departure Amid Legal Triumphs Ripple’s landscape is undergoing significant shifts, with Kristina Campbell stepping down as CFO after a two-and-a-half-year tenure, juxtaposed against the backdrop of the firm’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The crypto giant clinched a pivotal win last week when