Bitcoin (BTC) is moving farther away from the crucial $90,000 mark, indicating that buying dries up at higher levels. Market participants seem nervous about the fresh round of US trade tariffs and the renewed inflation pressure as US Personal Consumption Expenditures data came in hotter-than-expected. Traders are divided about Bitcoin’s price trajectory in 2025. Analyzing…
Coinbase’s emergence as the Ethereum network’s largest node operator raises concerns about network centralization that could worsen as institutional adoption accelerates, industry executives told Cointelegraph. On March 19, Coinbase published a report disclosing that the US cryptocurrency exchange controlled more than 11% of staked Ether (ETH), more than any other Ethereum node operator. According to…
Blockchain developer platform Gelato is launching a new blockchain-as-a-service solution on Avalanche to meet the growing demand for sovereign blockchain infrastructure during a crucial “tipping point” for institutional adoption. Gelato, which previously developed blockchain solutions for companies such as Kraken and Animoca Brands, unveiled the new upgrade that aims to let developers deploy fully sovereign…
The XRP (XRP) market is flashing warning signs as a bearish technical pattern emerges on its weekly chart, coinciding with macroeconomic pressures from anticipated US tariffs in April. XRP descending triangle pattern hints at 40% drop Since its late 2024 rally, the XRP price chart has been forming a potential triangle pattern on its weekly…
Ether (ETH) price declined by over 5% in the last 24 hours to around $1,900 on March 28. Ether’s bearish performance mirrored similar downside moves elsewhere in the cryptocurrnecy market, with the total capitalization falling by approximately 2.67% to $2.78 trillion. ETH/USD four-hour price chart. Source: Cointelegraph/TradingView Several factors are contributing to ETH price losses,…
North Korea-affiliated hackers may have scaled back their operations in the second half of 2024 while preparing for what became the largest crypto hack in history. The crypto industry was rocked by the enormous hack on Feb. 21 when Bybit lost over $1.4 billion to the infamous North Korean Lazarus Group, which seems to have…
Solana’s native token, SOL (SOL), faced a sharp 8% rejection after briefly touching $147 on March 25. For the past three weeks, SOL has struggled to reclaim the $150 level, which is leading traders to question whether the bullish momentum that was originally driven by memecoin speculation and the rise of artificial intelligence sectors has…
The current state of crypto is akin to the internet’s “America Online” (AOL) era during the late 1990s, when the user experience was clunky, technical, featured limited use cases, and moved at dial-up speeds, according to Polygon co-founder Sandeep Nailwal. In an interview with Cointelegraph, Nailwal identified several key areas of development to improve user…
Traditional and cryptocurrency investors eagerly await Friday’s Personal Consumption Expenditures (PCE) release in the US, which may provide some relief to inflation-related concerns and increase investor appetite for risk assets, including Bitcoin. The US Bureau of Economic Analysis (BEA) will release on March 28 the next PCE report, which measures the inflation of prices US…
GameStop shed nearly $3 billion in market capitalization on March 27 as investors second-guessed the videogame retailer’s plans to stockpile Bitcoin (BTC), according to data from Google Finance. On March 26, GameStop tipped plans to use proceeds from a $1.3 billion convertible debt offering to buy Bitcoin — an increasingly popular strategy for public companies…