Bitcoin cash (BCH), a cryptocurrency created by a hard fork of the Bitcoin blockchain in 2017, fell 20% last week, its biggest slide since April, according to data on TradingView and CoinDesk. The sell-off happened as defunct exchange Mt. Gox said it would begin paying back creditors the roughly $9 billion worth of tokens taken
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AAVE, the native token of the decentralized crypto lending platform Aave, has rallied over 45% to $135 in four weeks, outperforming every other top 100 cryptocurrencies by market value, including market leaders bitcoin (BTC) and Ethereum's ether (ETH). Such has been the investor bias for AAVE that Helium's HNT is at a distant second position
Leading decentralized finance (DeFi) platform Aave has reached a significant milestone, hitting $35 billion in total net deposits. This marks Aaves new all-time high (ATH) in net deposits since 2021. In an announcement made yesterday, the leading DeFi lending protocol Aave revealed that it had reached a new ATH in net deposits since 2021. With
Bitcoin price is recovering losses above the $95,000 zone. BTC is gaining pace and might continue higher if it clears the $98,000 resistance zone. Bitcoin price started a decent upward move above the $93,200 resistance zone. BTC was able to climb above the $94,200 and $95,000 resistance levels. The price was able to clear many
Ethereum price started a fresh recovery wave above the $3,400 zone. ETH is consolidating and aims for a fresh increase above the $3,500 resistance. Ethereum price remained stable above the $3,320 level and extended its recovery wave like Bitcoin. ETH gained pace for a move above the $3,350 and $3,420 resistance levels. The bulls were
With the arrival of the new year, the cryptocurrency market is experiencing a significant rebound, as the leading 100 cryptocurrencies , headed by Bitcoin (BTC), show increases and positive trends. In light of this revival, crypto expert Miles Deutscher has revealed his forecasts for 2025, providing perspectives on the upcoming paths of key cryptocurrencies and
The Bitcoin market has been experiencing a phase of correction in recent weeks following its recent surge beyond $108,000. This decline has led to growing concerns among investors about whether the market is entering a prolonged cooling-off period or if this correction signifies the end of the bull cycle. However, historically, such phases have been
On Thursday, as the broader cryptocurrency market showed signs of recovery, Solana (SOL), one of the leading altcoins , surged past the $200 mark, reflecting an 8% increase over the past 24 hours. This upward momentum brings the sixth-largest cryptocurrency by market capitalization closer to its all-time high achieved in November 2024. However, market experts
The on-chain data analysis platform Glassnode has identified several price levels that hold the key to bitcoins (BTC) price trajectory in the coming weeks. Depending on which direction the leading digital asset goes, there could be a massive correction or strong resilience that could enable positive price movement. According to Glassnodes tweet, these price levels
With their explosive gains, meme coins have transformed the fortunes of many investors virtually overnight. However, their dominance in the market is under threat. According to Dragonfly Capital managing partner Haseeb Qureshi, meme coins will lose market share to “AI agent” coins. Qureshi described this shift as a migration from “financial nihilism to financial over-optimism.”
The Swiss Federal Chancellery registered a new initiative on December 31, proposing that the Swiss National Bank hold Bitcoin as part of its reserves, potentially setting the stage for a public referendum. The initiative, spearheaded by a group of 10 Bitcoin advocates, including Giw Zanganeh, who happens to be Tether’s vice president of energy and
The CEO of Metaplanet says the US is touching off an international race for BTC reserves. Crypto analysts have dubbed the Japanese venture capital fund the “MicroStrategy of Japan” for its voracious Bitcoin purchases. In an interview at Michael Saylors New Years Eve Party in Miami on Tuesday, Gerovich said Japan would be sure to
The bankrupt crypto lender Celsius Network has filed an appeal challenging a court ruling that dismissed its $444 million claim against the defunct crypto exchange FTX. The appeal, which is currently awaiting review in the District Court, comes as part of Celsius ongoing litigation efforts to recover funds from FTX. According to court documents, Celsius
Approximately 20,000 Bitcoin options contracts will expire on Friday, Jan. 3, in the first such event of 2025. They have a notional value of $1.93 billion, which is a fraction of last weeks mammoth end-of-year expiry event, so the impact on spot markets is likely to be minimal. This weeks batch of Bitcoin options contracts
Vitalik Buterin, co-founder of Ethereum, urged Elon Musk to adopt a more measured tone in discussions surrounding the H1B visa program. The latest exchange comes amidst accusations of censorship and heated debates on X. Buterin’s comments were in response to a tweet by Musk defending the H1B visa program, which allows US companies to hire
The Syrian Center for Economic Research (SCER) has presented a proposal for the transitional government to legalize Bitcoin and digitize the Syrian pound in a bold strategy to address the country’s economic crisis. This proposal aims to build a strong digital economy and develop both centralized and decentralized banking infrastructures across the country. If implemented,
Ethereum co-founder Vitalik Buterin has made a contribution to the legal defense fund for Tornado Cash developers Roman Storm and Alexey Pertsev. Buterin gave 50 ETH, valued at approximately $170,000 at writing time, to aid the developers as they navigate mounting legal challenges. The news was shared through a Dec. 31 post on X by
The United States Internal Revenue Service (IRS) has introduced a temporary relief measure to address potential tax challenges for cryptocurrency holders using centralized finance (CeFi) brokers in 2025. As explained by Shehan Chandrasekera, Head of Tax Strategy at CoinTracker, the relief mitigates complications stemming from the implementation of Section 6045 custodial broker regulations, which take
The Ripple cross-border payment token has climbed almost 15% over the past 24 hours, hitting an intraday high of $2.44 during early trading in Asia on Jan. 2. It is the highest XRP has been since mid-December, as payment coins lead the way into the new year. The Ripple token exploded to top $2.90 in
Ethereums performance in 2024 has been lackluster, with the asset gaining just 47% and failing to notch a new peak price or spend much time trading above $4,000. Meanwhile, Bitcoin surged more than 120% to a new six-figure all-time high in mid-December.However, analysts believe that Ethereum will outperform Bitcoin, which has been consolidating for the
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