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The digital currency market is a volatile one, prone to significant fluctuations due to various factors. Two such prominent cryptocurrencies, Bitcoin and Ethereum, experienced a downward trend recently. The drop occurred just before the release of the US inflation report, adding a layer of complexity to the situation. In this article, we take a detailed […]

The cryptocurrency market has been a rollercoaster ride this week, with notable digital currencies such as XRP and Solana experiencing a downward trend. The global crypto market cap experienced a slight dip of over 1%, impacting the value of these two cryptocurrencies significantly. XRP's Persistent Downward Trend XRP, previously known as Ripple, has been experiencing

The U.S. Bureau of Labor Statistics' latest data reveals a more-than-anticipated inflation rise in September. The consumer price index (CPI) displayed a 3.7% year-on-year increase, while core inflation saw a minor decline from 4.3% to 4.1%. These figures have led market experts to predict a potential increase in the federal funds rate by the U.S.

Ethereum's transition from a system of deflation to inflation has seen a 0.178% rise over the last 17 days. This timeline has seen the network augment its total supply by 22,502 ether, equivalent to $35.31 million. Onchain Slump Leads to Ethereum's Inflation Upsurge Ethereum had previously adhered to a deflationary model, largely driven by the

Established cryptocurrency investors continue to absorb Bitcoin (BTC) at a rate of 50,000 coins per month, valued at $1.35 billion. This is according to the latest on-chain report by blockchain analytics firm, Glassnode. This demand surge is occurring as the broader digital asset market remains remarkably quiet, both on-chain and across exchanges. Bitcoin Long-Term 'Hodlers'

Allegations of financial misconduct at FTX have come to light, with former Alameda Research CEO Caroline Ellison detailing the alleged misuse of FTX client funds by its ex-CEO, Sam Bankman-Fried (SBF). This information emerged during the hearing in SBF's ongoing fraud case on Wednesday. The claims suggest SBF encouraged staff to exploit FTX client resources

Self-Directed Gold IRAs can be a fantastic way to invest in gold without dealing with the headaches associated with buying physical bullion. This kind of account allows investors to purchase gold straight from the federal government and then store it in their own name. Although many prefer the physical form of gold, it is not

The performance of key cryptocurrencies, Bitcoin and Ethereum, continues to fluctuate with Bitcoin (BTC) drifting under the $28,000 threshold and Ethereum grappling under the $1,700 mark. The impending Federal Open Market Committee (FOMC) minutes have heightened this uncertainty, warming traders for shifts based on the US economy's stance. Bitcoin Performance Bitcoin's performance continued to be

While the 4-year Bitcoin cycle is well-known, a larger, overarching 16-year cycle may be at play. This theory aligns with the human tendency to adopt new technologies in patterns and bears striking resemblance to another revolutionary technology – the internet. This article unpacks the hypothesis that Bitcoin is mirroring a 16-year cycle similar to the

On Tuesday, the cryptocurrency market experienced a mixed bag of outcomes, with Polygon experiencing a slump and Cosmos bouncing back. Polygon's value dropped for the fourth day in a row, hitting a ten-day low. In contrast, Cosmos showed signs of recovery from its mid-September lows. This article will delve into the performance of these two