Three Factors Behind Ethereum’s Underperformance Compared to Bitcoin in 2024 Ethereum has recently reached a significant low in its ETH/BTC trading pair, indicating that its lagging price trajectory may persist. Let’s explore the reasons contributing to Ethereum’s ongoing underperformance compared to Bitcoin in 2024. 1. ETH’s Decline Against BTC Over the Past 90 Days In […]
CleanSpark Expands Operations with Acquisition of Seven Tennessee Mining Sites CleanSpark has announced its decision to acquire additional cryptocurrency mining properties in Tennessee, following its previous purchase of facilities from GRIID Infrastructure. The United States-based Bitcoin miner CleanSpark is set to acquire seven cryptocurrency mining facilities along with their associated land in the Knoxville area […]
Concerns Grow Over Bitcoin ETFs Amid FBI Warnings About North Korean Cyber Threats Recent reports indicate that North Korean hackers are actively targeting the substantial holdings of Bitcoin (BTC) and Ethereum (ETH) managed by crypto exchange-traded fund (ETF) custodians. The FBI issued a warning on September 3, outlining that these cybercriminals aim to exploit companies […]
The cryptocurrency market is characterized by its rapid price movements and significant fluctuations. For traders and investors alike, understanding key indicators such as volume and volatility is essential for making informed decisions. This article will delve deep into the concepts of volume and volatility, their importance in chart analysis, and how they can impact trading […]
Indodax, an Indonesian Crypto Exchange, Goes Offline Following Suspected $22 Million Cyber Attack The Indonesian cryptocurrency exchange, Indodax, has reportedly faced a significant security breach that led to an estimated loss of $22 million worth of various cryptocurrencies. As a precaution, the exchange has temporarily suspended all operations, including its web and mobile applications, to […]
Metaplanet’s Share Price Rises as Bitcoin Holdings Approach 400 BTC Japanese investment firm Metaplanet has expanded its Bitcoin holdings to nearly 400 BTC, resulting in a 5.9% increase in its share price on the Tokyo Stock Exchange. On September 10, the firm reported the acquisition of an additional 38.46 BTC for approximately $2.1 million (300 […]
Bitcoin’s Potential Retracement to $54K Before Major Breakout In recent trading activity, Bitcoin futures have consistently filled CME gaps, with a new gap appearing around the $54,000 mark over the weekend. Market Overview On September 9, Bitcoin experienced a notable increase of 6.5%, reaching a peak of $58,153. This surge followed a weekly close above […]
The cryptocurrency market has experienced explosive growth over the past decade, attracting both individual and institutional investors. To understand the phenomena behind this digital asset class, it’s essential to delve into its fundamental economic principles, particularly the dynamics of supply and demand. This article explores these elements and how they interplay to shape the cryptocurrency […]
Recent Security Incidents in Decentralized Finance Pythia Finance Suffers from Reentrancy Attack The decentralized finance platform Pythia Finance recently experienced a significant security breach, resulting in the loss of $53,000 on September 3. This incident was documented by a reputable blockchain security firm, Quill Audits. Pythia is an algorithmic stablecoin initiative that leverages artificial intelligence […]
Bitcoin Price Displays Resilience Above Recent Lows — Here’s Why Recent developments in the stock market, alongside expectations surrounding upcoming US inflation data, as well as concerns regarding the dominance of the US dollar, are key factors driving Bitcoin’s recent price increases. Market Trends and Bitcoin’s Journey Bitcoin (BTC) saw a 7% decline from September […]
