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9:11am ▪ 3 Minimum read time ▪ up to Eddie S. “” After several weeks of proper correction, the major cryptocurrencies now appear to be emerging from this bearish interlude. This new wind could push Bitcoin to a record high of $73,000 by the end of May, according to analysts' latest forecasts. This prospect instantly reignites the euphoria among Bitcoin investors. Beneficial fixes fully integrated To fully understand the significance of this bullish cycle that has already begun, we need to look back a few weeks. From March to April 2024, Bitcoin certainly experienced turbulence with a correction of nearly…

Following the Federal Reserve's change of policy last week and the assumption of further liquidity provision, markets have rebounded strongly. The total cryptocurrency market capitalization bounced back to pre-dip levels and closed at $2.5 trillion over the weekend, back in the middle of the range. The economic calendar this week is not expected to be as volatile as last week. “After weeks of nonstop economic and inflation data releases, markets will have a lot to digest this week,” Kobeisi Letter said in a statement. “While there has been some macro news this week, the impact has been limited and, as…

8:40 ▪ Four Minimum read time ▪ up to Evans S. According to well-known analyst EGRAG CRYPTO, the XRP cryptocurrency is currently on the verge of a “third boom,” with bold predictions that the market capitalization will reach $2.61 trillion. But what does this actually mean for XRP and its investors? Let's dive into the complex world of this cryptocurrency and decipher the early signs of this financial transformation. Technical analysis and future trends The cryptocurrency XRP has always been the currency of choice for followers of technical signals. EGRAG CRYPTO bases its forecasts on close observation of price movements…

Markets rebounded strongly following last week's Federal Reserve policy change and the assumption that more liquidity would be injected. The total value of cryptocurrencies has returned to its pre-crash levels, returning to the middle of the range channel by the end of the week, approaching $2.5 trillion. This week's economic calendar will be less volatile than last week. “After several weeks of non-stop economic and inflation data, markets begin to digest this week,” Kobessi Letter said. “While there is some macro news this week, the impact has been limited and, unsurprisingly, the Fed has maintained current interest rates in recent…

Ethereum has recorded a significant spike in new wallet creation, with a staggering 267,000 new wallets added to the platform. This recent influx marks the highest number of new wallets in two years and signals a significant resurgence of interest in the Ethereum ecosystem by crypto users. According to Markle, the news of the record-breaking number of wallets comes after Ethereum breached the $3,000 mark in the past 24 hours, with the cryptocurrency, the second-largest cryptocurrency, currently valued at $3,133. being traded. In other news, participants in the Ethereum Initial Coin Offering (ICO) woke up after almost nine years of…

(May 6): The euro zone economy is awaiting a resounding vote of confidence from its own consumers for the long-awaited economic recovery to finally take shape. With employment at record levels, wages soaring and inflation nowhere near 2%, the conditions are ripe for people to get out and spend. Business surveys are showing some hope, and on the ground, Frankfurt retail entrepreneur Kaveh Nemati believes it's only a matter of time before shoppers return. “You have to stay positive and optimistic; anything else means giving up,” Nemati says. Nemati runs a small boutique in the city's Nordend district and is…

The euro area manufacturing economy continued to contract at the beginning of the second quarter of this year.The latest Hamburg Commercial Bank (HCOB) Manufacturing Purchasing Managers' Index (PMI) compiled by S&P Global was in negative territory below 50 for the 22nd consecutive month in April.The HCOB Purchasing Managers' Index (PMI) for euro zone manufacturing, compiled by S&P Global, was 45.7 in April, down from 46.1 in March, marking the 22nd consecutive month of contraction below 50. It suggested that the economic downturn in the manufacturing industry was accelerating slightly, with factory production shrinking at the slowest pace of the year.The…

Ethereum price has started a recovery wave above the $3,000 zone. ETH is currently above the 100 hourly simple moving average and facing a hurdle. Ethereum found support at $2,820 and began a wave of recovery. The price is trading above $3,100 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a major bullish trend line is forming with support at $3,110. The pair could gain bullish momentum if it breaks out of the $3,165 resistance zone. Ethereum price maintains its ground Ethereum price remained stable and, similar to Bitcoin, started a wave…

The weekend was expected to be a little volatile, but Bitcoin's slow movements caused other major altcoins to get stuck in certain areas. The token holds significant support, suggesting that the bulls are preparing for the next move. Meanwhile, Ethereum, the second largest cryptocurrency, is showing sharp strength as the bears have failed to push the levels below $3,100. Additionally, other altcoins are set to outperform Star Crypto in the coming days, thus showing strength. Major altcoins like DeFi, NFTs, and some within the top 20 typically follow the rise in ETH price. When Ethereum shows strength against Bitcoin, these…

Share this article The Bitcoin network today achieved an important milestone by processing its 1 billionth transaction, marking a significant event in the cryptocurrency's nearly 15-year history.This milestone was reached on May 5, 2023 at 9:34 PM (UTC) when transaction #1,000,000,000 was mined into block 842,241.This milestone occurred 15 years, 4 months, and 4 days after Bitcoin's pseudonymous creator Satoshi Nakamoto mined the network's first block on January 3, 2009. . Bitcoin lasted for 5,603 days and processed an average of 178,475 blocks each day. transaction.However, it is important to note that this transaction count does not include transactions made…