After a prolonged period of considering the possibility of restarting FTX Exchange following the bankruptcy process, lawyers for the defunct exchange have now revealed that this plan has been completely abandoned. Instead, FTX will dissolve entirely once all outstanding debts have been settled. This decision has disappointed investors, as they had hoped for a potential
Crypto
Bitcoin continues its impressive run, as it recently reached a new monthly peak at $48,600. This surge in price coincides with the altcoins also turning green once again, causing the total market cap to reclaim the coveted $1.8 trillion level. After a period of sideways trading, Bitcoin displayed its bullish momentum and experienced consecutive leg-ups.
Chinese Bitcoin miners are shifting their focus to Ethiopia as they search for locations with affordable power and friendly regulations. The pursuit of cheap energy and favorable climates are the driving forces behind this strategic move. In this article, we will explore how Ethiopia provides a unique opportunity for Bitcoin miners and examine the potential
Bitcoin continues to impress investors with its positive price performances, as the asset surged above $48,000 and reached a new monthly peak. This recent surge marks a significant milestone for Bitcoin and raises the overall optimism in the cryptocurrency market. Over the past seven days, Bitcoin experienced a rollercoaster ride of ups and downs. Initially
Bitcoin has experienced a significant surge, surpassing the $46,000 mark on February 9th. This breakthrough comes after overcoming a notable resistance level at $44,000, which had hindered price increases for several weeks. The surge in Bitcoin’s value can be attributed to the onset of East Asia’s major festival, marking the beginning of an auspicious period
Cardano (ADA) has experienced a notable surge in trading activity, with a 7% increase on Thursday, reaching a trading price of $0.53. This upward movement has sparked discussions and speculations regarding ADA’s future trajectory. Technical analyst Ali (@Ali_Charts on X) highlights a descending triangle formation on ADA’s daily chart. Notably, a sustained daily close above
Over the years, Cardano (ADA) has established itself as a prominent competitor to Ethereum, gaining recognition as a blue-chip cryptocurrency. In recent months, ADA tokens have displayed various intriguing market signals, including a falling wedge pattern and surging trading volume. As the Cardano price has managed to remain above the crucial support level of $0.50,
Chainlink’s LINK token has been making waves in the cryptocurrency market, experiencing a remarkable surge of 38% since late January. This surge has propelled LINK to a 24-month peak, with its market cap skyrocketing to an impressive $10 billion. This article aims to delve into the factors behind this surge and explore the growing adoption
Dogecoin, the OG meme coin, has been facing significant resistance at the $0.08 level, deviating from the overall trajectory of the crypto market. However, this has not hindered the network from experiencing growth across various metrics. Despite a 23% decline in value since its local peak in December, the number of wallets holding more than
The cryptocurrency market has seen tremendous growth in recent years, with Bitcoin leading the charge. However, savvy investors understand that there are opportunities beyond Bitcoin, particularly during altcoin seasons. Crypto analyst Michaël van de Poppe believes that the best time to invest in altcoins is 3-8 months before the Bitcoin halving. In this article, we
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