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Bitcoin's price recovery tour took it to a multi-day high of $64,500 yesterday, but Bitcoin was unable to sustain its gains and has since fallen by more than $10,000. Most high-calorie substitutes are slightly in the red on a daily scale, with TON, ADA, and SHIB decreasing by 2-4%. BTC stops at $64.5,000 The beginning of May was very painful for Bitcoin bulls as Bitcoin failed to break above $65,000 the previous day and suffered a significant decline. A major correction sent the asset down to a two-month low of $56,500. The Fed's refusal to raise rates further increased volatility,…
Bitcoin (BTC) and Ethereum (ETH) have experienced significant outflows over the past few weeks. However, some altcoins have shown resilience during recent market turmoil, and one in particular stands out among crypto enthusiasts and experts. ETFSwap (ETFS), a new blockchain-based project for trading tokenized ETFs, has taken the market by storm with its ongoing pre-sale stage 1.Market outlook for Bitcoin (BTC), Ethereum (ETH), and altcoinsDespite the optimistic atmosphere following the Bitcoin halving, recent market trends have not been very encouraging. As a result, there is a bearish mood and experts are divided on the direction of the market. Latest edition…
The dynamic realm of cryptocurrencies is coming to a close in just one week, and the broader crypto market is witnessing wild changes, mainly due to the accumulation of high-profile events. Bitcoin and Ethereum ETFs finally began trading in Hong Kong this week, drawing the attention of the crypto industry as the US FOMC meeting was held. The Shiba Inu also attracted a lot of attention, and the development of cryptographic technology further progressed.Here's a comprehensive overview of some of this week's top headlines that seem to have garnered significant attention across the global cryptocurrency industry.Hong Kong Bitcoin & Ethereum…
The eurozone emerged from recession in the first quarter of this year better than analysts expected, the latest data released by Eurostat on Tuesday showed. Data showed gross domestic product (GDP) in the 20 countries that share the euro currency rose 0.3% from the previous quarter in the January-March period, for an annual rate of 0.5%. Economists had expected growth for both periods to be 0.2%. Capital's Andrew Kenningham said: “Today's better-than-expected first-quarter GDP data means the eurozone has emerged from recession, but core and services inflation both fell in April. “This does not prevent the ECB from starting an…
The crypto market has seen a significant recovery over the last week, and market participants are looking forward to important events this week.In particular, given the mixed recent economic indicators and the Fed's decision to leave interest rates unchanged, investors are is evaluating Fed officials' speeches and other relevant market updates. In particular, economic indicators have so far weighed on crypto market sentiment, as evidenced by recent market performance.Key events to watch this weekAs crypto markets brace for another week of volatility, Investors are keenly watching for important events that could shake up market sentiment. The coming week will be…
Read U.TODAY google news After months of teasing Elon Musk about turning X into an “everything app” introduce Telegram is currently being talked about as the first major platform to adopt the Web3 ecosystem to enable peer-to-peer crypto payments in 2024.In a recent interview with Telegram founder Tucker Carlson. was praised Musk praised the innovative thinking and efforts in building the SocialFi platform, which aims to bring fair advertising revenue to content creators.SocialFi represents the convergence of social media and decentralized finance (DeFi), allowing users to control their content without relying on a central authority. Unlike the Web2 platform, creators…
During a whirlwind 24 hours, Ethereum, the second largest cryptocurrency, caused a stir as it crossed the $3,000 mark, but settled at $2,977 at the time of reporting.Adding to the excitement, Ethereum saw a surge in new wallet creation, with a staggering 267,000 new wallets created. wallet recorded. This influx marks the highest number of new wallets in nearly two years and shows renewed interest and participation in the Ethereum ecosystem.#Ethereum The number of new wallets reached 267,000, the highest level in almost two years. @santimentfeed $ETH #cryptocurrencyhttps://t.co/3yVvcot09I— TheCryptoBasic (@thecryptabasic) May 2, 2024But amidst the excitement, an interesting development emerged…
During a whirlwind 24 hours, Ethereum, the second largest cryptocurrency, caused a stir as it crossed the $3,000 mark, but settled at $2,977 at the time of reporting.Adding to the excitement, Ethereum saw a surge in new wallet creation, with a staggering 267,000 new wallets created. wallet recorded. This influx marks the highest number of new wallets in nearly two years and shows renewed interest and participation in the Ethereum ecosystem.#Ethereum The number of new wallets reached 267,000, the highest level in almost two years. @santimentfeed $ETH #cryptocurrencyhttps://t.co/3yVvcot09I— TheCryptoBasic (@thecryptabasic) May 2, 2024But amidst the excitement, an interesting development emerged…
Ethereum developer Yoav Weiss revealed Ethereum's strategy to make smart contract interactions and dApps built on the ERC-4337 standard more robust and decentralized. This standard aims to improve the practice of smart contract crypto wallets by introducing them to the Ethereum blockchain. ERC-4337 allows cryptocurrencies to operate simultaneously in both crypto wallets and smart contracts without an EOA. The initiative, led by Weiss and Ethereum co-founder Vitalik Buterin, aims to improve the procedures by which transactions are performed on Ethereum. Ethereum has made a major move to the ERC-4337 standard for smart contract cryptocurrency wallets, improving efficiency and user friendliness.…
ETH price rose over 5% on May 3rd This resulted in an increase in the number of liquidations of short positions. ethereum [ETH] Short-term liquidations in the derivatives market reached a two-month high as prices rose 7% in intraday trading on May 3, the news agency said. coin glass. In fact, the on-chain data provider went on to reveal that $35 million worth of short ETH positions were liquidated that day. In comparison, the total amount of long-term liquidations was only $7.16 million. Source: Coinglass In the asset derivatives market, a liquidation occurs when a trader's position is forced to…