The post Bitcoin Drops $6k In Hours, What’s Next As BTC Price Approaches $90k? appeared first on Coinpedia Fintech News Story Highlights The BTC price dropped ~7% in 24 hours, dropping below the $92k mark. Bitcoin ETF breaks its inflow streak, losses over $435 million. Technical indicator RSI drops below the overbought range for the first time in 19 days. The Bitcoin token records a significant correction by losing ~6% in 24 hours with a …

The post Investor Fred Krueger Shares Key Insights on MSTR Issuance appeared first on Coinpedia Fintech News Michael Saylor-led MicroStrategy has become a bitcoin proxy, has been buying tokens since 2020. In recent weeks, it has intensified its purchases as bitcoin has rallied to highs above $99,000 following Trump’s presidential win earlier this month. MSTR’s BTC Buying Spree Just last week, MicroStrategy purchased another 55,000 bitcoins (BTC-USD) last week for $5.4 billion …

The post What’s Happening with Crypto Today? appeared first on Coinpedia Fintech News The cryptocurrency market is navigating turbulent waters today, with the global market cap dipping by 5.97% to $3.17 trillion. Despite the decline, trading volume surged 24.17% to $252.59 billion, signaling heightened market activity. The Fear & Greed Index remains at 80, suggesting extreme greed amidst this pullback. Market Trends and Liquidations The Altcoin Season Index …

The post Telegram Crypto Holdings Surge to $1.3 Billion in H1 2024 appeared first on Coinpedia Fintech News Telegram’s crypto holdings surged to $1.3 billion in the first half of 2024, up from $400 million at the end of 2023. This increase was driven by profits from selling Toncoin and strategic deals related to The Open Network (TON). Telegram also reported $525 million in revenue for H1 2024, with $353 million coming from …

The post Ethereum Blob Usage Hits Record High After Dencun Upgrade appeared first on Coinpedia Fintech News Ethereum’s blob usage has skyrocketed, averaging over 21,000 blobs this month, matching the record set in March. This surge follows the Dencun upgrade, which introduced blobs to Ethereum, allowing Layer 2 solutions like Arbitrum and Optimism to bundle and post transactions more efficiently. The increased demand for blobspace has driven blob fees to a 30-day …

The post Morocco Drafts Law to Legalize Cryptocurrency as Bank Al Maghrib Explores CBDC appeared first on Coinpedia Fintech News Morocco is making waves in the financial world by drafting a law to regulate cryptocurrencies. This comes after a 2017 ban that drove crypto activity underground. The country’s central bank, Bank Al Maghrib, is taking charge of this effort, seeking to balance innovation with regulation. From Ban to Control Despite the ban on cryptocurrencies, around …

The post Donald Trump Crypto Holding Soars to $9.4M: How He Made 3x Gains Without Bitcoin appeared first on Coinpedia Fintech News Donald Trump’s crypto portfolio is making headlines yet again, tripling in value from $3.6 million in August to $9.4 million as of November 26. This dramatic surge is being linked to the recent crypto market rally and Trump’s strategic investments in a mix of trending tokens and blue-chip assets.  While Trump has heavily used Bitcoin …

The post Bitcoin Nears 1M Daily Active Addresses For First Time Since 2019! appeared first on Coinpedia Fintech News The largest cryptocurrency by market capitalization, Bitcoin is now close to achieving the 1 million daily active users mark for the first time since 2019. Reportedly, this highlights a massive increase in the adoption process. Moreover, top analysts believe that this could possibly act as a catalyst for the star crypto to hit its milestone …

The post Crypto Liquidation Nears $100M: Ethereum Price Dips Below Crucial Levels appeared first on Coinpedia Fintech News As Bitcoin (BTC) price retraced below $93k earlier today, Ethereum (ETH) price retested the crucial support level above $3,300. The large-cap altcoin, with a fully diluted valuation of about $399 billion, slipped nearly 5 percent in the last 24 hours to trade about $3,315 on Tuesday, during the early New York session. As a result …

The post Why is Crypto Crashing? How Bitcoin and Ethereum Are Feeling the Heat appeared first on Coinpedia Fintech News Over the weekend, the cryptocurrency market faced a sharp decline, with all the top ten largest cryptocurrencies by market cap trading lower. Meanwhile, the total market cap dropped by $362 billion, now sitting at $3.17 trillion. This downturn was driven by a surge in volatility and several other factors that shook the market. Liquidations Hit …