This article analyzes the current technical setup of three major cryptocurrencies: XRP’s consolidation around its moving averages, Ethereum’s approach towards the $4,000 resistance level, and Bitcoin’s struggle to breach the $70,000 mark.
BlackRock’s Bitcoin exchange-traded fund (ETF), IBIT, has reached a significant milestone by amassing over $1 billion in assets under management. This achievement highlights the increasing interest and adoption of digital assets within traditional investment circles.
A new report by Arkham Intelligence has uncovered that Elon Musk’s companies, Tesla and SpaceX, collectively hold around $1.3 billion worth of Bitcoin, significantly more than previously estimated.
The Spanish data protection regulator, AEPD, has ordered Worldcoin to halt the collection and processing of personal data in the country for three months due to numerous privacy concerns. This move marks another setback for the controversial crypto project.
Crypto infrastructure firm Bakkt has completed a $37.6 million securities purchase agreement, providing a much-needed cash infusion to support its turnaround efforts and drive profitability after warning investors of a cash crunch last month.
XRP gained 3.34% on Wednesday, partially reversing Tuesday’s losses, as demand for Bitcoin and the broader crypto market rebounded, aided by positive comments from Fed Chair Powell and increasing scrutiny over the SEC’s actions in crypto-related cases.
According to Anthony Pompliano, the founder of Pomp Investments, Bitcoin (BTC) could double in price to $138,000 within the next few weeks, following a years-long bull trend and the asset’s recent break of its previous all-time high of $69,000.
Sony’s latest patent application reveals plans for “super-fungible tokens” – bundles of unique in-game assets tokenized as NFTs – that could allow PlayStation gamers to truly own and transfer their digital assets across games and platforms. This move signals a potential shift towards blockchain gaming adoption by one of the industry’s giants.
Crypto miner Hut 8 is closing its Bitcoin mining site in Drumheller, Alberta due to elevated power prices and voltage problems despite the facility accounting for just 1.4% of its total hash rate.
Bitcoin (BTC) reached a new all-time high above $69,000, just two months after the approval and launch of several spot Bitcoin ETFs, raising questions about whether the ETFs accelerated this bull run.
