News

Bitcoin Price Declines to $97,672 Amid $357 Million Liquidation

Bitcoin's price closed at approximately $97,672 on February 5, down over 3% after failing to break above $102K. In the last 24 hours, more than $357...

Optimism (OP) Price Forms Head-and-Shoulders Pattern Indicating Potential Drop

Analyst Ali Martinez identified a potential head-and-shoulders pattern in the price chart of Optimism's OP, indicating possible bearish reversal....

HashKey Capital Receives SFC Approval for Virtual Asset Management Services

HashKey Capital has received approval from Hong Kong's Securities and Futures Commission (SFC) to offer discretionary account management services...

Ethereum Market Cap Reaches $1.23 Trillion with Record ETF Inflows

The total crypto market cap, excluding Bitcoin, is at $1.23 trillion. Ethereum trades at $2,764, recovering by 0.99% in the past 24 hours. ...

XRP Ledger Experiences Temporary Downtime Due to Consensus Issue

The XRP Ledger (XRPL) experienced a brief outage due to issues with its consensus mechanism. Consensus process was functioning, but validations...

Coinbase's Paul Grewal Scheduled to Testify on Crypto Banking Regulations

Paul Grewal, Chief Legal Officer of Coinbase, will testify before Congress on Operation Choke Point 2.0 to advocate for fair crypto...

Blockstream Opens New Office in Tokyo to Boost Bitcoin Adoption

Blockstream has opened a new office in Tokyo to expand its global operations. The company will collaborate with Diamond Hands and Fulgur Ventures to...

XRP Ledger Experiences 64-Minute Halt, XRP Price Drops to $2.45

The XRP Ledger, linked to Ripple, experienced a 64-minute disruption on February 4 due to a technical glitch that halted network activity....

David Sacks Advocates for Bitcoin Reserve and Stablecoin Legislation

David Sacks, the White House’s Crypto Czar, held a press conference focusing on key priorities such as stablecoin legislation and...

SEC Reduces Crypto Enforcement Team, Reassigns Over 50 Lawyers

The SEC is downsizing its crypto enforcement team, reallocating over 50 lawyers and staff to different roles. This adjustment reflects a...

Senator Hagerty Introduces GENIUS Act to Regulate Payment Stablecoins

US Senator Bill Hagerty has introduced the GENIUS Act, aiming to regulate payment stablecoins and enhance the US dollar's dominance. This...

Trump Signs Executive Order to Create U.S. Sovereign Wealth Fund

Donald Trump has signed an executive order to establish a sovereign wealth fund, aiming to enhance financial security and reduce taxes. Key...

Citi Predicts Weaker Relationship Between Equities and Crypto Markets

Citi's research report indicates a potential decline in the correlation between stocks and cryptocurrency markets over time. Key points include: ...

Ondo Finance Launches Platform for Onchain Access to Traditional Assets

Ondo Finance has launched Ondo Global Markets (Ondo GM), a platform aimed at integrating traditional assets like stocks, bonds, and ETFs into...

Memecoins Named Top Crypto Narrative of 2024 as AI Agents Emerge

Memecoins dominated the crypto market in 2024, becoming the top-performing sector. Binance Research released a report highlighting their significant...

Bitcoin Network Hashrate Increased 1% to 785 EH/s in January

The Bitcoin network hashrate increased by 1% in January, reaching an average of 785 exahashes per second (EH/s), according to JPMorgan's report....

Ethereum Futures Market Experiences $76.4M Long Liquidations

Glassnode reports that the Ethereum futures market remains overheated despite recent long liquidations. Key points include: Ethereum open interest...

Bitcoin Faces Potential Downturn Amid Three Critical Developments

Bitcoin (BTC) is currently consolidating between $90,000 and $100,000, following a bull run from $20,000. Analysts expect this phase to precede a...

Solana Price Faces Resistance Below $220 Following Recent Decline

Solana (SOL) has initiated a decline from the $220 mark, currently consolidating below this level. SOL price declined below $215 and $212 against...

Bitdeer Acquires 101 MW Gas Power Plant in Alberta for Bitcoin Mining

Bitdeer, a Bitcoin mining company, acquired a 101-MW gas-fired power plant near Fox Creek, Alberta for a vertically integrated BTC mining...

XRP Price Faces Resistance Near $2.70 After Rally to $2.75

XRP Price Analysis XRP price recovered from $1.75, rallying towards $2.75. Current trading below $2.70 and the 100-hourly SMA. Resistance...

Bitcoin Drops Below $100,000 as China Retaliates with Tariffs

Bitcoin (BTC) experienced a temporary increase to $102,000 after the US delayed a 25% tariff on Mexico and Canada. However, the implementation of a...

Ethereum Price Recovery Faces Resistance at $2,880 Level

Ethereum Price Update ETH price is recovering above the $2,550 mark. Current trading is below $2,880 and the 100-hourly Simple Moving Average....

Bitcoin Price Declines Below $100,000 with Key Support at $96,500

Bitcoin is experiencing a decline, currently trading below the $100,000 level and struggling to maintain support at $96,500. Price has dropped...

Bitcoin Price Nears $99,000 as DCA Indicator Signals Buying Opportunity

Bitcoin's recent price activity has shown volatility, with BTC briefly surpassing $100,000 before dropping back to just above $99,000. This...

Bitcoin Shows Strength Against Altcoins as Price Consolidates in Key Range

Bitcoin and the crypto market experienced significant volatility, dropping over 9% to a low of $91,530 due to fears of a U.S. trade war. The price...

Bitcoin Price Falls Below $100,000, Impacting Short-Term Holders

The recent downturn in Bitcoin has led many investors to sell at a loss. However, long-term holders remain largely unaffected, according to...

Tether Launches Tether Data AI SDK with Self-Custodial Features

Tether is expanding its operations into artificial intelligence (AI) with a new initiative called Tether Data. This shift includes the development...

CFTC Restructures Enforcement Division to Combat Fraud More Effectively

The U.S. Commodity Futures Trading Commission (CFTC) has reorganized its enforcement division to enhance focus on fraud prevention and reduce...

Bitcoin Drops 4.8% to $96,900 After David Sacks Press Conference

Bitcoin's recent rally has been short-lived, with prices dropping by 4.8% to $96,900 after reaching $101,000 earlier in the day. Key points...