Bitcoin fluctuated between $63,000 and $64,000 during the morning hours in Asia and Europe on Tuesday. Consolidates recovery from last week’s crash below $57,000. Despite the pullback from Monday’s high of around $65,500, BTC appears to have settled into a range comfortably above the $60,000 level. At the time of writing, the price is $64,114, not much different from the price 24 hours ago, but nonetheless up about 10% since early May, following a more than 16% decline in April. The broader digital asset market is down 1.33% since yesterday, according to the CoinDesk 20 Index (CD20).
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A poll released by blockchain venture firm Digital Current Group found that more than 20% of voters in several battleground states see cryptocurrency as a key issue in the upcoming US election. According to DCG’s poll, half of 1,201 registered voters surveyed in Michigan, Ohio, Montana, Pennsylvania, Nevada, and Arizona said they were paying attention to a candidate’s cryptocurrency stance. The Harris Poll, conducted on behalf of DCG, was conducted April 4-16. According to a statement released by DCG on Tuesday, an online survey found that voters in swing states consider cryptocurrency an important issue. “This data shows that cryptocurrencies…
Polygon, an Ethereum-focused layer 2 upgrade service, has made available the Miden Alpha Testnet with its zk platform targeting builders. This gives users the option to generate evidence for state transitions. Miden helps builders increase their output applications by improving their privacy factors. Polygon is reaching out to builders to gain exposure for certain key features, such as private and public notes. Additionally, private and public accounts can join hands to implement simplified smart contracts such as issuing new tokens, exchanging assets, and creating faucets. Polygon has several services that make it the best layer 2. The Polygon technology stack…
The cryptocurrency community has long debated whether Ethereum (ETH) could one day surpass Bitcoin (BTC) in market capitalization. This scenario is often referred to as “flippening.” But Markus Thielen, head of research at 10x Research, remains skeptical. According to Thielen, Ethereum’s weak fundamentals and recent performance trends strongly suggest that Bitcoin will maintain its dominance. How Ethereum Has Left Behind Bitcoin, often referred to as digital gold, has solidified its role as a hedge against inflation and a key asset in “sovereign” portfolios around the world. This identity was further strengthened in 2017 when Bitcoin developers decided to maintain a…
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy’s application for a spot Ethereum exchange-traded fund (ETF). The SEC extended the review period by 60 days and a new deadline is set for July 5. This delay is consistent with similar delays affecting all eight potential Ether ETF issuers, including VanEck, BlackRock, Fidelity, and Franklin Templeton. Delayed decisions and extended review periods The SEC’s decision on Invesco Galaxy’s application for a spot Ether ETF has been delayed, giving the committee more time to review the proposal. The 60-day extension of…
Solana’s DEX volume and increased network fees mean a growing user base. The deployment of Firedancer is expected to improve Solana’s network performance. Solana improves with upcoming airdrops and ongoing meme coin activity. After nearly collapsing due to the FTX bankruptcy in late 2022, Solana has made a remarkable recovery. The token rose 580.44% from $21 to $154.25 last year, sometimes ranking third among crypto assets. This is currently being noticed by leading analysts, who predict that it could rise further. According to a recent analysis by Franklin Templeton, Solana is positioned to surpass Binance Coin (BNB) and USDT, permanently…
join us telegram A channel to stay up to date on breaking news coverage Injection price predictions show a 5.25% price increase over the last 24 hours of trading with the cryptocurrency reaching $26.2. Dumpling Price Prediction: INJ emerges as an attractive buy after 20% drop. Injective (INJ) tumbled lower amid Friday’s market crash triggered by Bitcoin’s plunge, causing significant volatility in both long and short positions. Nonetheless, for potential investors who arrive late to a bullish trend, this presents a golden moment for discounted entry, especially in the wake of Bitcoin’s halving. Injection price statistical data: Current injectable price…
The Starknet Foundation has announced a new grant program supporting $5 million worth of USDC for emerging projects on the network.The new $5 million seed grant program aims to support at least 200 promising teams with USD Coin (USDC) per beneficiary, giving them a “final push” to launch their final-stage projects on Ethereum Layer 2 extension, Starknet. provides. It is a solution based on zero-knowledge rollup technology.According to Diego Oliva, CEO of the Starknet Foundation, the $5 million grant program comes in response to a key challenge for current Starknet developers. Oliva told Cointelegraph:“We are listening carefully to developers (developers)…
Ethereum (ETH), the world’s second-largest cryptocurrency, continues to grapple with uncertainty following a sharp price decline. Investors are in a bind, with whales leaving positions and market sentiment swinging between fear and glimmers of hope. Ethereum price is struggling to regain ground. Ethereum price has been on a roller coaster ride in recent months. After reaching new records in late 2021, cryptocurrency prices plummeted, rattling investors. The recovery is slow and Ethereum is currently hovering around $3,077, far from its all-time high. Source: Coingecko This lackluster performance is causing anxiety among investors, especially large holders known as whales. According to…
Bitcoin (BTC) returned above $64,000 on May 7 as the market gained liquidity on both sides of the order book.BTC/USD 1-hour chart. Source: TradingViewBTC price aims to crush surrounding sellers.Data from Cointelegraph Markets Pro and TradingView showed BTC price rising from Bitstamp’s intraday low of $62,864.Nonetheless, BTC/USD has still been within its trading range since May 3, giving speculators little chance to rest as they liquidate positions with sharp moves in either direction.Bidding liquidity stood at around $63,500 after the daily close, with Bitcoin reversing to hit the liquidity cloud about $1,000 higher, data from monitoring resource CoinGlass confirmed.BTC liquidation…