Despite some glimmers of hope with Bitcoin and some L2, the DeFi sector suffered a heavy drop of $10 billion in April.
After casting doubt on the possibility of a post-halving rally, Bitcoin reignites the flame by reaching $63,000 on May 4th. In its course, the flagship cryptocurrency has, as usual, led several other major altcoins such as ETH, SOL, CAD, etc. Within a 24-hour period, even though trading volumes have decreased by nearly 18%, the momentum has increased the overall market capitalization of cryptocurrencies by 5.11%. Obviously, some would like to understand what is behind this reversal of trend. Is it already time for an uptrend? Is it a decoy? Clarifications.
The BRICS are multiplying initiatives and pushing the boundaries of the unimaginable. The alliance has accelerated its project to humiliate the US dollar this year by intensifying trade exchanges without the dollar. But a new question has been circulating since the Russian Foreign Minister mentioned the BRICS creating a stablecoin. Could XRP serve as a bridge between the currencies of the alliance member countries? Analysis.
With the volatility of the bitcoin market, many observers believe that now is the time to buy the crypto. This is the case of analyst Rekt Capital, who recently delved into a burning question: is bitcoin headed for a 40% correction? This topic has been at the heart of his reflections for some time. In his latest video, he breaks down the patterns of corrective periods in the bitcoin cycle.
Shiba Inu regains its vitality with a 9.4% increase, erasing the losses of the week thanks to several factors.
Vodafone, British telecommunication giant, is taking a bold step in this direction by announcing its plan to merge crypto wallets with SIM cards. This development promises to turn every smartphone into a secure digital wallet, bringing the blockchain right to the palm of your hand.
Grayscale made a notable comeback by raising $63 million through its GBTC, buoyed by the excitement around the new Bitcoin ETFs.
A recent statement from Ripple CEO Brad Garlinghouse has sent shockwaves through the crypto ecosystem. By openly supporting Ethereum against the SEC's stringent classifications, Garlinghouse is not just defending a digital currency; he is laying a cornerstone in the debate over the legitimacy and future of cryptos as independent financial instruments.
The cryptocurrency exchange BitFinex was targeted in an alleged massive cyberattack by the infamous hacker group FSOCIETY. However, after a week of panic among users, the threat was found to be largely exaggerated. BitFinex's Chief Technology Officer, Paolo Ardoino, provided clarifications bringing relief about the situation.
According to renowned analyst EGRAG CRYPTO, we're on the brink of a “3rd Kaboom” for XRP crypto, with a bold projection of the market cap reaching $2.61 trillion. But what does this really imply for XRP and its investors? Let's dive into the complex world of this cryptocurrency to decipher the early signs of this financial metamorphosis.