July 24,Ethereum ETFs Launch with Impressive $1 Billion Trading Volume Today marked a significant milestone for the cryptocurrency market as Ethereum Exchange-Traded Funds (ETFs) commenced trading, amassing a staggering $1 billion in volume on their first day. Leading the charge was Grayscale, which dominated the market with $484 million in outflows, constituting nearly 5% of …
Cryptocurrency Market Update: Bitcoin Holds at $67,000 Amid Mixed Trading: In the ever-volatile world of cryptocurrencies, Tuesday witnessed a mixed bag of performances among major tokens. Bitcoin, BNB, Solana, Toncoin, Cardano, and Avalanche saw declines of up to 5%, while Ethereum, XRP, Polygon, and Pepe recorded gains of up to 1.5%. This movement reflects ongoing …
Crypto Market Analysis: Bitcoin Shows Strong Uptrend, Eyeing $69k Resistance Bitcoin (BTC) has continued its upward trajectory, finding robust support at the critical $66.6k level. This marks a significant development as the cryptocurrency aims to surpass previous all-time highs. However, the key obstacle remains at $69k, where substantial trading volume will be crucial to break …
Understanding the WazirX Cyberattack: A Detailed Account: The recent cyberattack on WazirX, one of India’s leading cryptocurrency exchanges, has sent shockwaves through the global financial community. With hackers reportedly absconding with over $230 million in user funds, this incident ranks among the largest security breaches ever witnessed in the cryptocurrency industry worldwide. What Happened? WazirX, …
Bitcoin and Ethereum Prices Surge Amid Political Turbulence: Crypto Market Update July 20, 2024 In the world of cryptocurrency, the recent surge in Bitcoin and Ethereum prices has captured the attention of investors and analysts alike. Following a substantial rally last week, Bitcoin has shown strong bullish momentum, reclaiming the critical $60,000 mark and pushing …
Introduction: Indian cryptocurrency exchange WazirX is grappling with a significant cyber-attack after one of its wallets was breached, resulting in the loss of more than $230 million. The exchange, in collaboration with digital asset custody service Liminal, reported that the compromised wallet was operated by five signatories from WazirX and one from Liminal. According to …
Top Crypto Market Trends and Analysis: In a series of significant developments within the cryptocurrency and blockchain space, major financial institutions in the United States are on the brink of launching spot ether exchange-traded funds (ETFs). Companies such as BlackRock, Fidelity, 21Shares, Grayscale, Bitwise, and Invesco Galaxy have completed their final S-1 filings with the …
Top Crypto Market Trends and Analysis: In the ever-dynamic world of cryptocurrencies, Bitcoin (BTC) recently encountered a red day following five consecutive days of gains, coinciding with a significant downturn in the NASDAQ 100, marking its worst performance since December 2022. The pivotal support level held firm around $64,000 USD, highlighting its resilience in the …
Crypto Market Analysis Bitcoin Surges Past $65k as Investor Interest in Spot ETFs Grows: Bitcoin has surged back above the $65,000 mark, showcasing resilience despite significant market movements. Even news of Mt Gox’s movement of 91,755 BTC, valued at $5.8 billion, failed to derail the current relief rally in BTC. Since their launch in January, …
Crypto Market Analysis: On July 16, 2024, Crypto Market Analysis witnessed significant movements and developments across various fronts. Bitcoin (BTC) continued its upward trajectory, buoyed by recent geopolitical events, including the aftermath of an attempted assassination of former U.S. President Donald Trump. BTC marked its third consecutive green candle, showing resilience with potential to reach …
