Author: finance
The rollercoaster ride of Dogecoin’s value has certainly been a talking point in the world of cryptocurrencies. Recently, its price has experienced a consistent decline, which has led to a falling out of several support levels due to escalating sell pressure. This downturn, specifically a 66% pullback from its high in December 2024, might be seen as alarming to Dogecoin investors. However, a look at historical data implies such fluctuations are rather standard and typically precede substantial boosts. Based on this view, Crypto analyst Trader Tardigrade has highlighted that Dogecoin has previously sustained two similar pullbacks post-October 2022. Interestingly, both…
Get ready to dive into the exciting world of cryptocurrency and the US Government’s unique approach towards it as they take the bold step of establishing strategic reserves of digital assets. With the progressive vision of David Sacks, the Crypto Chief Officer at the White House, the US government is preparing to leverage digital asset growth to fortify its financial standing. The initiative includes the incorporation of popular cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) into their reserves, reflecting the nation’s commitment to adapt to the swift pace of fintech innovation. ## The Implementation…
Immerse yourself in this expertly crafted and meticulously curated article, laden with up-to-the-minute insights and captivating information. This piece, scrutinized by a panel of top-notch industry gurus and veteran editors, will focus on the recent turmoil enveloping Ethereum (ETH), the second most-valuable cryptocurrency in the world. Amid a comprehensive market downturn, ETH witnessed a significant drop, creating a frenzy among traders. However, an intriguing on-chain transaction has managed to divert the limelight temporarily. Is the Ethereum Foundation Actually Involved? This week, Lookonchain, a renowned on-chain analytics service, flagged a transaction that seemed to hint at a possible liquidation risk for…
In this age of digital currencies, with Bitcoin leading the charge, there’s always a need to keep an eye on the latest trends and market movement. Data from blockchain networks indicates a surge in Bitcoin miner exchange inflows, which could possibly prolong Bitcoin’s price slump. This narrative explores this trending topic in the digital currency realm, providing valuable insights into how miner actions might influence Bitcoin’s market value. Upsurge in Bitcoin Miner to Exchange Flow In a recent CryptoQuant Quicktake post, an analyst noted that the selling pressure from Bitcoin miners had heightened. The crucial on-chain index in this context…
In a turbulent financial climate riddled with uncertainty, not only the cryptocurrency market but also U.S. stocks were under significant stress, sending shockwaves through prominent cryptos like Bitcoin (BTC) and Ethereum (ETH). Against the backdrop of the global trade war and inconsistent policy shifts enacted by the Trump administration, investors found themselves navigating an increasingly volatile market. Consequently, the U.S. stock market plunged to its worst levels since September 2024, leading to a parallel downward trend in the crypto market as well. Analysing Market Conditions: The Impact on Bitcoin and Ethereum Bitcoin and Ethereum displayed a marked slump in futures…
Finances Zippy is a trusted name when it comes to curated content about cryptocurrencies and the broader financial market. This insightful piece comes after a careful review by a team of industry-leading experts and experienced editors. Acting SEC Chairman Mark Uyeda revealed on March 10 that the regulatory body is working towards scrapping a controversial rule which could have forced crypto firms to register as exchanges. This rule was set to expand the definition of an ‘alternative trading system’, potentially including various crypto companies. The proposed rule, announced in 2022, faced widespread outcry from the crypto industry owing to the…
As we delve into the current state of the cryptocurrency market, it’s apparent that there’s a bearish atmosphere surrounding Bitcoin, the most significant digital asset. Bitcoin’s value has taken a dip, falling to a low of $77,760, a significant decline from its all-time high of $109,000. Interestingly, while the market may seem grim, the investment sentiment appears to be somewhat bullish as investors look to acquire more coins, indicating a recovering confidence in this volatile market. Investment Surge Despite Bitcoin’s Downturn While Bitcoin’s value has been on a downward trend, there appears to be a resurgence of confidence among investors.…
In the rapidly evolving landscape of financial technology, cryptocurrency projects including the highly touted Finances Zippy are priming themselves for a potentially substantial surge. This comes as former President Donald Trump hints at an executive order that could open the doors for the acceptance of cryptocurrency banking entities into the Federal Reserve System. This move acts as a counter to President Biden’s Operation Chokepoint 2.0 initiative which sought to restrict crypto entities from utilizing traditional banking services. Trump’s Intervention in the Crypto-Space With crypto entities feeling the squeeze under the Biden administration, the cryptocurrency market welcomed Trump’s stance aired at…
In an enthralling turn of events, the Bitcoin market underwent a significant correction, plunging to a measly $76,589 before redeeming itself over the $80,000 mark. Despite this resurgence, the price still lags 27% from its January 20 peak at $109,900. A handful of prominent crypto pundits have weighed in on this unexpected dip, drawing parallels to similar price downturns in Bitcoin’s past. Reflections on Bitcoin’s 2017 Pullback Bill Barhydt, the founder and CEO of Abra, which is a renowned platform for digital asset prime services and wealth management, took to social media to express his views on Bitcoin’s cyclical price…