Bitcoin’s recent rally has generated significant interest among investors and analysts. However, to determine the potential for a true comeback, it is essential to examine on-chain data and identify key levels to monitor. The analysis of short-term holders’ cost basis, also known as the realized price, provides valuable insights into Bitcoin’s price trajectory. By understanding
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The upcoming trial of the former CEO of FTX, Sam Bankman-Fried (SBF), is garnering attention as the crypto community speculates on the potential outcome. As the trial approaches, Coinbase’s Chief Legal Officer (CLO), Paul Grewal, has shared insights into what can be expected during the jury selection process. Grewal acknowledges that the voir dire proceedings
In the volatile world of cryptocurrency, one asset that has been making waves recently is Optimism (OP). With an impressive 5% increase in the last 24 hours and a remarkable 15% gain over the past seven days, OP has caught the attention of investors. This article delves deeper into the factors behind OP’s recent surge
In a surprising turn of events, the FTX exploiter, whose address has been inactive for the past 10 months, has suddenly become active, moving over $17 million worth of Ether tokens in the past 24 hours. This comes as a shock to the crypto community, particularly because the FTX exchange had fallen victim to a
The Bitcoin price has seen a significant decline, trading at $27,100 from its all-time high of $69,000 in 2021. As investors eagerly await the next bull market, questions arise regarding Bitcoin’s potential future prices. While predictions in the cryptocurrency market are mostly speculative, one analyst has developed a model that utilizes historical data to forecast
The future of XRP, the digital asset associated with Ripple, is the subject of much speculation and debate in the cryptocurrency community. While some analysts have expressed doubts about its potential for a significant price surge, there are several macro and micro factors that could have a positive impact on the token’s value. Recent developments,
Hong Kong-based cryptocurrency exchange Hashkey has announced that it will be adding support for trading the Avalanche (AVAX) token on its platform. However, there is an interesting requirement for traders who wish to interact with this cryptocurrency on the exchange. In order to trade the AVAX token on the Hashkey exchange, users must be professional
The recent report by Bloomberg analyst Jamie Coutts has shed light on the deep involvement of asset managers in Bitcoin mining. Contrary to popular belief, asset managers like BlackRock, Vanguard, and State Street have been investing in the Bitcoin mining sector for over three years, even before their application with the US Securities and Exchange
Maker DAO’s MKR has experienced a significant push in the recent uptick of the cryptocurrency market. The token rose from a low of $1,265 to a high of $1,343, consolidating its upswing with an impressive 5% increase within a 24-hour period. Currently, MKR is trading at $1335, diligently striving to conquer the critical resistance at
Litecoin (LTC) has been struggling to regain its footing in the cryptocurrency market. Over the past week, its value has remained stagnant around the $64 mark while other cryptocurrencies have seen significant gains. This lackluster performance is in line with the overall bearish sentiment in the market, as sellers continue to exert their control. In