Ethereum Price Soars Amid $40M Influx: Will the Bullish Trend Continue?
May 31, 2024 15:42 pm UTC| Technology Digital Currency
The price of Ethereum has recovered momentum after a period of volatile trading. Its price has recently increased due to increased anticipation following the surprise approval of the Spot Ethereum ETF by the United States...
FxWirePro- BTCUSD Daily Outlook
May 31, 2024 12:47 pm UTC| Technicals Digital Currency
BTCUSDshowed a minor pullback after the US PCE. It hit alow of $67105yesterday andis currently trading around $68501. US Core PCE YoY came steady at 2.8% in line with the estimate of 2.8%. Core PCE m/m for Apr 0.20% vs....
FxWirePro- ARUSD (Chart of the day)
May 31, 2024 11:50 am UTC| Technicals Digital Currency
Arweave is a new type of storage that backs data with sustainable and perpetual endowments, allowing users and developers to truly store data forever. Proof of Access- Arweaves consensus mechanism is based on Proof...
Shiba Inu Burn Rate Jumps Over 300%, Investors Eye Possible Price Rebound
May 31, 2024 08:43 am UTC| Digital Currency Technology
Shiba Inu experienced a 310.99% burn rate increase on Friday, May 31, causing excitement among traders about a potential price rebound. SHIB Burn Rate Spike Shibburn, a reputable website that meticulously tracks the...
Crypto Losses Surge in 2024 Amid Rising Hacks and Rug Pulls, Report Reveals
May 31, 2024 05:55 am UTC| Technology Digital Currency
A recent report by Immunefi highlights a significant rise in cryptocurrency losses due to hacks and rug pulls in 2024. Despite a bullish market, the sector saw $473 million in losses, underscoring the urgent need for...
Elon Musk Refutes Crypto Discussions with Donald Trump Amid Growing Speculation
May 31, 2024 05:50 am UTC| Technology Digital Currency
Despite recent reports and rising speculation, Elon Musk has denied engaging in any discussions about cryptocurrency policy with presidential candidate Donald Trump. Musk clarified his stance in a social media post,...
JPMorgan Report Casts Doubt on Ether Spot ETF Viability Despite Investment Potential
May 31, 2024 01:37 am UTC| Technology Digital Currency
JPMorgans recent report casts a pessimistic outlook on Ether Spot ETFs, questioning their viability despite potential investment opportunities and significant demand from savvy investors. JPMorgans Conservative Outlook...