Author: WebDesk
The crypto market is seeing a strong recovery after experiencing a sharp decline of nearly 12%, plunging almost $400 billion in a single day. Meanwhile, the world’s largest cryptocurrency by market cap Bitcoin, which had fallen close to $90,000, has now bounced back to over $101,000. Other altcoins like, Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE) have all posted gains of 10% to 20%. So, what’s behind this sudden recovery?Trump Pauses Tariff PlansThe crypto market recently dipped, partly because of U.S. President Donald Trump’s plan to impose high tariffs of 25% on Mexico and Canada, and 10% on China.…
Darius Baruo Feb 04, 2025 04:17 BitMEX has officially launched support for the Sonic Network token (S), enabling users to deposit, trade, and convert the token on its platform. BitMEX, a leading cryptocurrency exchange, has announced the official launch of support for the Sonic Network token (S) on its platform. As of 04:00 UTC on February 4, 2025, users can deposit, trade, and convert the S token directly on BitMEX, according to BitMEX. New Trading Opportunities The addition of the Sonic Network token to BitMEX’s spot trading platform opens up new opportunities for…
India is reassessing its cryptocurrency regulations as global policies evolve, with officials revisiting a discussion paper that could reshape the country’s approach to digital assets. India May Soften Crypto Stance as US Embraces Bitcoin India is reexamining its stance on cryptocurrency regulations as international perspectives on digital assets shift, Reuters reported Sunday, citing Economic Affairs […] Credit: Source link
An analyst on social media platform X has highlighted a crucial support level for PEPE, as the meme coin faces a significant drawdown from its recent highs. Based on historical price trends, the analyst noted that PEPE has consistently experienced an average drawdown of approximately 64% following each local peak. The ongoing correction has placed PEPE around this retracement level, and the meme coin is now in a precarious position where its ability to maintain support could determine whether it stabilizes and resumes an upward trajectory or falls into deeper decline. PEPE’s Historical Drawdowns And The 64% Correction Pattern Price…
The crypto world received a ‘pleasant’ surprise from the president of the United States, Donald Trump, as he launched his official meme coin, Official Trump. In this article, we’ll learn about what is the Official Trump (TRUMP) token, it’s background, potential use cases, and how to buy it. What is Official Trump? Only two days before the official inauguration of the 47th president of the United States, the launch of the Official Trump cryptocurrency was announced by the official X account of Donald Trump. According to the meme coin’s official website, this Official Trump (TRUMP) token was marketed as a…
In the wake of Donald Trump’s election and Elon Musk’s appointment as a special adviser, Dogecoin has exploded back onto the scene. Many people are curious whether Dogecoin’s price will reach $1. The coin’s price now sits around $0.3276 with a market cap of $48.41 billion. Renewed whale activity has fueled optimism, and some analysts foresee DOGE hitting $1 sometime in 2025. Yet interestingly, many are also talking about Remittix (RTX), an under-five-cents altcoin that’s on the rise. If real-world utility wins out, some suspect Remittix (RTX) might actually outperform Dogecoin in the long run. Dogecoin’s (DOGE) Path to $1…
A new legislative proposal in Oklahoma, Senate Bill 325 (SB 325), has advanced to the committee stage, bringing the state closer to allowing employees to receive wages in Bitcoin. The bill, introduced by Senator Dusty Deevers, seeks to provide both government workers and all Oklahoma residents with the option to accept salary payments in the digital asset. A Look At Oklahoma Senate Bill On Bitcoin SB 325 is part of a broader trend among U.S. states exploring BTC integration into public financial systems. The proposal comes shortly after another crypto-related measure, House Bill 1203, was introduced in the Oklahoma House…
I just sat down and watched this debate between Jimmy Song and Jameson Lopp on Bitcoin ossification. I don’t even know where to start as far as the absurdity and broken “logic” in every argument Jimmy made in this debate. So I won’t try, I will focus on one specific line of argumentation he made. “Money shouldn’t change, it should be predictable.” He specifically spoke along these lines in regards to “letting things mature” in this space from a technical point of view, and implicitly stating that upgrades to Bitcoin “pulls the rug out from under” existing developers building things.…
Bitcoin’s price movements have always been a subject of debate among investors and analysts. With recent market retracements, many are questioning whether Bitcoin has already reached its peak in this bull cycle. This article examines the data and on-chain metrics to assess Bitcoin’s market position and potential future movements. For an in-depth complete analysis, refer to the original Has The Bitcoin Price Already Peaked? full video presentation available on Bitcoin Magazine Pro’s YouTube channel.Bitcoin’s Current Market PerformanceBitcoin recently faced a 10% retracement from its all-time high, leading to concerns about the end of the bull market. However, historical trends suggest that…
Bitcoin dominance surged to a 4-year high as altcoins underperformed, with 24-hour liquidations reaching $2.29 billion. Despite the current market turmoil, analysts like Juice and Skew noted patterns reminiscent of previous altcoin rallies. Amid the rising fears of Trump trade wars, Bitcoin and altcoins faced massive correction today, as we discussed earlier. While Bitcoin is down 4-5% today, altcoins have crashed by a greater magnitude, with Ethereum (ETH), XRP, Solana (SOL), and BNB Coin (BNB) each seeing a 10-15% drop. This has pushed Bitcoin dominance to even greater heights, hitting a 4-year high. Donald Trump’s Trade War Hits Bitcoin and Altcoins Hard February…
