Will Bitcoin’s Support Level Ignite Market Surge?
Crypto strategist Michaël van de Poppe has underscored the importance of Bitcoin maintaining its weekly support level of $84,500. A breach of this critical threshold could set off a series of rallies, fostering optimism in the market. Currently, Bitcoin is witnessing a 5.7% increase, trading at $87,315. However, van de Poppe warns
Crypto Market Surges as Fed Maintains Interest Rates and Hints at Cuts
The cryptocurrency market experienced a strong rebound on March 20, with total market capitalisation rising by approximately 3.2% in the last 24 hours to reach $2.8 trillion. The rally was led by Bitcoin (BTC) and Ether (ETH), which gained around 3% and 4%, respectively. The surge comes amid a broader
Crypto.com Faces Backlash Over $5 Billion CRO Minting
Crypto.com has sparked controversy by approving the minting of 70 billion CRO tokens, worth approximately $5 billion. The move has raised concerns about financial stability, with critics questioning the exchange’s transparency and long-term strategy. A U-Turn on the 2021 Token Burn The decision to mint new CRO tokens reverses a
Crypto and Fintech Firms Eye Bank Charters for Expansion
Financial technology and crypto firms are increasingly seeking bank charters to fuel their growth under what they perceive as a more industry-friendly Trump administration. With regulatory changes on the horizon, these firms aim to lower capital costs, gain legitimacy, and expand their market reach. A Strategic Move for Crypto and
Bitcoin Whale Closes $516M Short, Nets $9.4M Profit in Eight Days
Whale Profits from Leveraged Bitcoin Short A Bitcoin whale has secured nearly $10 million in profit after closing a massive short position worth over $516 million. The move came just days before the highly anticipated Federal Open Market Committee (FOMC) meeting, which could have significant implications for the cryptocurrency market.
Bitcoin Volatility Lull Won’t Last, Derive Warns of Impending Storm
Bitcoin (BTC) has settled into a period of low volatility, but this calm may be temporary. Derive, an on-chain crypto options platform, suggests that a storm of price swings could be on the horizon as volatility indicators reach near-monthly lows. BTC Consolidation Signals Imminent Volatility Since March 12, BTC has
Trump-Backed Crypto Venture WLFI Raises $590M Amid Controversy
A cryptocurrency project backed by former U.S. President Donald Trump, World Liberty Financial (WLFI), has taken the market by storm with a staggering $590 million token sale. Despite its massive raise, the project remains shrouded in secrecy, sparking speculation about its DeFi ambitions and political influence. High-Profile Backing Fuels WLFI’s
OKX has been compelled to cease offering DEX services until EU regulators investigate the Bybit breach.
OKX is temporarily suspending its decentralized exchange (DEX) aggregator services in the European Union, citing regulatory concerns. The suspension comes amid reports that EU regulators are investigating its Web3 services after hackers used them to launder stolen funds from the $1.5 billion Bybit hack. While OKX has denied being under investigation,
Binance Moves 134 Million in a Big USDC Transfer
Over 134 million USDC was transferred from Binance to an unidentified wallet at 16:17, according to Whale Alert. The transaction raises questions about liquidity and potential trading actions, echoing previous large-scale stablecoin movements. Traders observe impactful shifts in cryptocurrency dynamics. 134.6 Million USDC Moves to Unknown Wallet Recent large-scale transfer moved 134,607,656 USDC from Binance to
Bitcoin Eyes $95K: Will Short Squeeze Fuel the Rally?
Bitcoin (BTC) saw a 3% recovery after a series of drawdowns since January, reclaiming the $80,000 mark. The rebound came after the US core Consumer Price Index (CPI) for March 12 was reported at 3.1%, lower than expected. This positive macroeconomic indicator has fueled speculation of a bullish turnaround, with
