Author: finance
The volatile sphere of cryptocurrencies has experienced a tumultuous 2025 thus far, with bearish tendencies casting a dark cloud over the market. In the wake of this distressing downturn, Bitcoin currently trades at a staggering 25% below its all-time high—a stark contrast to what avid crypto enthusiasts had hoped for. The State of Play for Bitcoin CoinGecko’s data offers little comfort, showing Bitcoin’s value has shrunk by an alarming 12% only in the past week. But the bitter pill to swallow is the likelihood of Bitcoin’s downward spiral extending further, per the latest price data. Crypto analyst Ali Martinez, in…
As we delve into the current state of the cryptocurrency market, it is apparent that Bitcoin is facing a downward trend. This unsettled sentiment is partly driven by wider economic concerns, such as fears around the U.S. trade war and the potential hurdles hindering Bitcoin’s adoption as a reserve asset. At the same time, fluctuating stablecoin reserves are adding further uncertainty. To really grasp the situation, one needs to delve into the dynamics at play, examine the role of liquidity in the BTC market, and assess the possible paths for Bitcoin’s future trajectory. Understanding the Liquidity Puzzle of Bitcoin The…
Diving headfirst into the ever-evolving realm of digital currencies, Ethereum has once again demonstrated its robustness, exhibiting an unwavering solidity that has rapidly propelled it to the forefront of the blockchain universe. Ethereum has commendably manoeuvered through a period of unpredictability and market instability, making an impressive comeback from the $2,160 pivotal demand area, thereby reigniting a bullish sentiment across the financial landscape. Ethereum’s Rising Prospects Amidst Uptrend Momentum Ethereum is displaying formidable resilience with all eyes on key price thresholds that could potentially shape its imminent significant shift. After a robust rebound from a vital support arena, Ethereum is…
In the tumultuous world of cryptocurrencies, XRP stands as a significant player, experiencing a notable rally amidst a bullish market in November. However, after a week of unstable trading, this prominent altcoin is now navigating through minor price increments. Yet, in the midst of the uncertain landscape of the crypto market, well-known analyst Egrag Crypto lends his support to XRP, foreseeing potential short-term and long-term price growths. XRP Poised for a Rallied Price Range Between $20 – $66 In an X post on March 1, Egrag Crypto uses the Elliott Wave Theory to provide an insightful prediction for XRP’s future…
As the digital financial landscape rapidly evolves, the US government is making strategic moves to keep pace. President Donald Trump is gearing up to host the inaugural White House crypto summit on March 7, 2025. This breakthrough event is set to unite leading figures in the crypto industry, including investors, CEOs, and policy-makers. This decisive action from Trump, a known skeptic of Bitcoin and other cryptocurrencies, signals a potential shift in the national approach towards these digital assets. Convening the Brightest Minds in Crypto This history-making crypto summit, led by President Trump, promises to be a meeting of minds featuring…
In the turbulent world of cryptocurrency, Bitcoin is currently trading under $85,000, reflecting the market’s uncertainty. With investors anxious over a potential bear market, the plummet in its price has elicited widespread speculation and trepidation. Despite the bleak sentiment pervading the crypto landscape, data from Coinglass suggest the Coinbase Premium, an important indicator of Bitcoin’s health, has entered negative territory. This development implies a rise in spot selling, aligning with increased ETF outflows and bearish price trends. Problems in Paradise: Bitcoin’s Ongoing Struggles Bitcoin, the digital currency that once reigned supreme, now hovers around an alarming $85,000 valuation. The entire…
The Layer-1 blockchain, Vanar Chain, has recently disclosed a strategic alliance with Worldpay, a leading company specializing in payment technology, as revealed to Finbold on Friday, February 28. This collaboration aims to revolutionize Web3 payment solutions and according to Vanar Chain’s CEO, Jawad Ashraf, it is a crucial step towards integrating blockchain technology into global payments more prominently. Furthermore, BCW Group will be offering its expertise in technical services for transaction validation, acting as a partner for Web3, artificial intelligence (AI), and cloud infrastructure. Revolutionizing Web3 Payments Worldpay currently handles over $2.3 trillion (approximately 50 billion transactions) annually in 146…
Immerse yourself in the fascinating world of cryptocurrency and blockchain technology as we guide you through the latest developments relating to Binance. Binance has officially brought RedStone (RED) under its wing as the 64th initiative on their acclaimed platform, Binance Launchpool. This exciting development has provided users with a doorway into the intriguing realm of a multi-chain oracle solution. The Advent of RedStone on Binance Launchpool Binance has taken the leap in embracing RedStone (RED) as its 64th inclusion into the well-established Binance Launchpool. This move has presented users with a golden opportunity to explore a multi-chain oracle solution. RedStone,…
In the digital currency sphere, opinions abound about Jeffrey Epstein and his unclear relationship with Bitcoin (BTC). Despite having a notorious reputation as a convicted sex offender, Epstein was welcomed to the cryptocurrency space. This paradoxical acceptance was largely due to his business acumen, which held an attractive contrast against Jamie Dimon’s (of JPMorgan) stringent criticism towards digital currencies. In his investment strategies and comments, Epstein demonstrated an early understanding of the potential of Bitcoin, leading some to wonder about his connections to the cryptocurrency world. Epstein and Bitcoin Epstein’s stance was significantly influential when he presented Bitcoin as a…
The world of cryptocurrency watched with bated breath as Bitcoin (BTC) recorded a significant dip of over 21% in the past week, nosediving from nearly $99,495 to about $78,219 on February 28th. This drastic movement sent shockwaves of uncertainty rippling through the community of traders and investors. However, one notable trading authority predicts this fluctuation to be an anticipated market correction that’s on the verge of wrapping up. Renowned Crypto Trader Stays on Top of BTC Price Tracking Bitcoin’s Rapid Price Movement Prominent trader CrypNuevo, known for his savvy insights, stayed ahead of the curve, providing regular technical analysis updates…