Tag: crypto

Elon Musk’s D.O.G.E. Targets The IRS: Taxman In The Crosshairs Of Budget Cuts

The incoming heads of the newly established Department of Government Efficiency (D.O.G.E.) have an ambitious plan of slashing federal agencies’ spending by $2 trillion, locking in its crosshairs several agencies for sweeping budget cuts. One of the D.O.G.E. leaders, Tesla CEO Elon Musk, said that he targets to reduce federal spending on the Internal Revenue…

Is Now The Time To Buy Bitcoin? On-Chain Data Reveals Key Indicators

After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price. Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum. Key Indicators Highlight Best Buying Opportunities As Bitcoin continues its rally, CryptoQuant, a prominent on-chain analytics platform, has…

Holiday Hype: Bitcoin Set For Thanksgiving Rebound To $99,000, Analyst Says

As US markets closed for Thanksgiving Day, the largest cryptocurrency on the market, Bitcoin (BTC), recovered the $96,000 mark, inching closer to its all-time high of $99,500 and the much-coveted $100,000 milestone.  Analysts Skeptical Of Sustaining Momentum Toward $100,000 Recent fluctuations in Bitcoin’s price have been attributed to a combination of profit-taking by long-term holders…

Ethereum Breaks Resistance Levels, Analyst Predicts Room For More Growth

Ethereum is finally seeing a notable rebound in its price as the second-largest cryptocurrency by market capitalization, which continues to break through significant resistance levels. Following its upward trajectory, seeing a nearly 10% increase in the past week, discussions about Ethereum potentially reaching a new all-time high by the year’s end have gained momentum. Notably, aligning with the ongoing…

NEAR Q3 Market Cap Dive: Exploring The 27% Plummet And Key Financial Metrics

A recent report from research firm Messari provided an overview of the NEAR (NEAR) protocol’s performance during the turbulent third quarter (Q3) of 2024, when the broader cryptocurrency market experienced significant volatility. NEAR Protocol Q3 Performance Throughout Q2 2024, the crypto market saw a downturn that continued into Q3 for NEAR. The protocol’s circulating market…

Altcoins See Massive Inflows Amid Bitcoin’s Record Rally, But 2021 Bubble Warnings Persist

Amid a significant uptrend in crypto prices, altcoins are beginning to outperform Bitcoin (BTC), marking a notable shift since the historic highs of 2021. This surge coincides with Bitcoin nearing an all-time high of $100,000, fueled by the presidential election victory of Donald Trump, who positions himself as a pro-crypto leader. However, Bloomberg reports that…

Polkadot Q3 Digest: Examining The Network’s Growth, Challenges, And Future Prospects

Market intelligence firm Messari recently released its third quarter (Q3) performance report for Polkadot (DOT), providing insights into the blockchain network’s development and financial metrics during this period. Polkadot Sees Strong Developer Engagement One of the notable findings from the report is the developer activity on Polkadot. According to Electric Capital, the network had approximately…